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The following documents were provided to us for our consideration: Agreement of Purchase and Sale, dated [mm/dd/yyyy], for the sale by [...] ...

Explanation The general rule in section 165 is that every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5%, 12%, 13%, or 15% (depending on the place of supply) on the value of the consideration for the supply, unless the supply is zero-rated. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay GST/HST as applicable calculated on the value of the consideration for the supply. ...

Specifically, these paragraphs do not apply where, under a written agreement: • all of the consideration for the supply became due or was paid on or before December 14, 2009; • the supplier did not, on or before December 14, 2009, charge, collect or remit any amount as or on account of tax under Part IX in respect of the supply; and • the supplier did not, on or before December 14, 2009, charge, collect or remit any amount as or on account of tax under Part IX in respect of any other supply that is made under the agreement and that includes the provision of a service referred to in any of paragraphs (q), (q.1) and (r.3) to (r.5) of the definition of financial service in subsection 123(1). ...

It is important to note that paragraphs (r.3) and (r.4) are deemed to have come into force on December 17, 1990, except where it is in respect of a service rendered under an agreement, evidenced in writing, for a supply if all of the consideration for the supply became due or was paid on or before December 14, 2009, and the supplier did not, on or before that day, charge, collect or remit any amount as or on account of GST/HST in respect of the supply or any other supply that is made under the agreement that includes a credit management service or a preparatory service. ...

The consideration payable for the supply of a Membership or of Points is generally composed of the initial purchase price and an ongoing maintenance fee. 3. ...

., "employer resources", as defined in subsection 172.1(1) and discussed below) to render the following services in respect of the Plans, consideration for which is paid [...] from Plan assets. ...

Explanation Generally, every recipient of a taxable supply made in Canada shall pay tax calculated at the rate of 5% on the value of the consideration for the supply (15% in Nova Scotia, 13% in Ontario, New Brunswick, and Newfoundland and Labrador and 12% in British Columbia) unless the supply is zero-rated. ...

As a result, once a CPC has identified a specific potential QT that is an asset purchase, it may be eligible for ITCs on inputs specific to that potential QT to the extent that the QT would result in the CPC acquiring those inputs for the purpose of making taxable supplies for consideration. ...

The HST at 12% applies where the lease interval begins on or after July 1, 2010 and the consideration for the supply is paid or becomes due on or after that date. ...