Search - consideration

Interpretation Requested You would like clarification on the acceptability of a GST registrant reducing the consideration for a previous supply by including a credit amount as a line item on a subsequent invoice. ... Interpretation Given Based on the information provided, it is agreed that the Canada Revenue Agency (CRA) would accept the reduction of consideration and corresponding tax adjustment to be indicated on a customer's invoice as meeting the Credit Note and Debit Note Regulations requirements, provided that the indication is clear as to its representation of the reduction amount and the corresponding tax amount is clearly indicated on the invoice. ...

This section provides, in part, that a supply of any property made by a public sector body is an exempt supply where all or substantially all of the supplies of the property are made for no consideration. ... In this case, section 10 of Part VI of Schedule V to the ETA does not apply as less than "substantially all" of the supplies of the metered street parking are provided for no consideration. ...

For example, if a supplier delivers zero-rated goods to a retailer and invoices the retailer for consideration and tax that becomes due 30 days after the time of purchase and the retailer pays the consideration and the tax 30 days after the purchase, it is not tax paid in error at the time of purchase. ...

Prior to March 11, 1992, supplies of these pesticides, where the total consideration paid or payable on a single invoice was at least $500.00, were zero-rated. ... Supplies of qualifying pesticides are zero-rated after March 10, 1992 when supplied for any amount of consideration. ...

Prior to March 11, 1992, supplies of these pesticides, where the total consideration paid or payable on a single invoice was at least $500.00, were zero-rated. ... Supplies of qualifying pesticides are zero-rated after March 10, 1992 when supplied for any amount of consideration. ...

Question: Do these amounts represent consideration for a supply, or a gift, because the publisher simply recognizes their support in the books and does not really seem to be providing a service of advertising? ... Therefore, it appears that the absence of such a provision means that when a for profit business provides financial assistance to a registrant who in turn provides promotional services (even limited promotion as in this case) then the amount paid by the sponsor represents consideration for a supply. ...

The following is our understanding of the facts for our consideration: •   A consumer (the "lessee") arranges with a XXXXX automobile dealership (the "dealership") located in XXXXX to lease a new vehicle from XXXXX leasing (the "lessor"). ... The supply of the leased vehicle to the lessee is subject to tax on the full consideration notwithstanding the trade-in amount and the outstanding loan. ...

Among these requirements, ss. 231(1) of the ETA requires a supply to have been made and "that it is established that the consideration and tax" for that particular supply "have become in whole or in part a bad debt. ... In our view, this would not constitute a bad debt as the consideration and tax were paid by the recipients. ...

The consideration for that supply would be the value of the option i.e. the difference between the value of the vehicle and the cost of the buy out option. ... The consideration for this supply would be the buy-out amount. ($XXXXX[)] We have requested that the XXXXX ruling be revoked. ...

Therefore, if the value of discounts received by a member is in excess of 30% of the value of the membership fee, the discounts will be significant in relation to the consideration for the membership. ... Therefore, if the value of discounts received by a member is 30% or greater than the membership fee, the discounts will be significant in relation to the consideration for the membership. ...