Commentary

  • ON – Updated Bulletin Issued for Co-Operative Education Tax Credit

    The province of Ontario provides a tax credit to employers who hire students enrolled in post-secondary co-operative education programs. The provincial Ministry of Revenue recently issued an updated version of Information Bulletin 4014, which provides details of that credit, including changes in tax credit rates that took effect after March 26, 2009. The updated Bulletin can […]

  • ON – Province Issues Information Re: Invoicing for Harmonized Sales Tax

    Beginning in July 2010, Ontario businesses will be required to include the new harmonized sales tax when preparing invoices. The Ontario Ministry of Finance has issued a “Tax Tip” outlining the invoicing practices that will be required as of July 1, and that information can be found on the Ministry Web site at http://www.rev.gov.on.ca/en/taxtips/hst/02.html.

  • ON – New Bulletin Issued on Senior Homeowners’ Property Tax Grant

    The Ontario Ministry of Revenue has issued a new bulletin on the provincial Senior Homeowners’ Property Tax Grant. The grant, for which an application must be made on the homeowner’s tax return for the previous year, is increased for 2010 from $250 to $500. The new bulletin and more information on the grant can be […]

  • ON–Province Issues Bulletin on New Sales Tax Transition Benefit

    As part of its implementation of the new harmonized sales tax on July 1, 2010, the province of Ontario will be providing a sales tax transition benefit to some Ontario residents. The non-taxable benefit will be available generally to single taxpayers who have income under $80,000 and single parents or couples who have income under […]

  • ON–Budget proposes energy and property tax credit

    A proposal announced in the recent Ontario budget will see the current Ontario Property Tax Credit converted, for the 2010 and subsequent tax years, to the Ontario Energy and Property Tax Credit. In the first year of implementation, the credit would be paid after taxpayers file their 2010 tax returns in 2011. Thereafter, the credit […]

  • ON–Province introduces Northern Ontario energy credit

    As part of the 2010-11 provincial budget, the government of Ontario announced the creation of a new, permanent energy credit for residents of Northern Ontario. Northern residents who pay rent or property tax for their principal residence would be eligible for an annual credit of up to $130 for a single person and up to […]

  • ON – Online access for business tax accounts

    The province of Ontario provides businesses with online access to their business tax accounts through its ONTS-TAX service. Using that service, businesses can: File tax returns Make tax payments View up to four years of account history Update account information Request a refund for overpayment of tax View PDF copies of most correspondence issued to […]

  • ON – Information issued on application of HST to new housing purchases

    Purchasers of new housing in Ontario who make that purchase after June 2010 will generally be required to pay the new harmonized sales tax (HST) on the purchase price. The Canada Revenue Agency (CRA) has issued an Information Sheet (GI-078) outlining in detail how and when the HST will apply to home purchases (and in […]

  • ON – Information sheet issued on HST rebate on new housing

    When the new 13% harmonized sales tax comes into effect in the province of Ontario on July 1, 2010, the tax will be levied on purchases of new housing. However, a new housing rebate will be provided where the cost of that new housing is less than $450,000 and certain other conditions are met. The […]

  • ON – Information sheet issued on HST rebates for landlords

    One of the HST rebate programs which was introduced when the harmonized sales tax took effect in Ontario on July 1, 2010 was the new residential rental property rebate. Under that program, landlords in the province may be entitled to a rebate in respect of the provincial part of the HST paid on qualifying rental […]

  • ON – HST information seminars now available as videocasts

    The harmonized sales tax (HST) seminars co-sponsored by the Canada Revenue Agency (CRA) and the Ontario Ministry of Revenue in anticipation of the July 1 implementation of the HST have now ended. However, the seminars continue to be available on the CRA Web site as videocasts. Information on the topics covered and how to access the […]