• ON – Consultation process launched for 2011-12 Budget

    The province has initiated its pre-budget consultation process for the 2011-12 Budget. The announcement of the launch of the consultation process, which was included in the Fall Economic Update, can be found on the Ontario government Web site at The Minister of Finance will be meeting with individuals and groups throughout the province, and […]

  • ON – Interest Rates—2011

    The province of Ontario charges and pays interest on underpayments and overpayments of tax at rates prescribed by statute and set at the beginning of each calendar quarter. The chart below sets out the rates charged and paid for in the first quarter of 2011. Effective Interest Rate (%) Overpayments Underpayments IFTA From To General […]

  • ON – Province issues second instalment of sales tax transition benefit

    Taxpayers in Ontario who are eligible for the provincial sales tax transition benefit should now be receiving the second instalment of that benefit, which was issued on December 10, 2010. In order to be eligible for the December benefit payment, taxpayers must have filed a 2009 income tax return and must have been resident in […]

  • ON – Property land tax payment deadline extended for northern residents

    The Ontario Ministry of Revenue has announced that the deadline for northern residents to make payments for their final 2010 Provincial Land Tax bill has been extended. Accordingly, the December 3, 2010 deadline for instalment payments has been extended to January 31, 2011 and the December 17, 2010 deadline for such payments is extended to […]

  • ON – 2011 Individual Tax Rates and Brackets

    Effective January 1, 2011, the provincial tax rates and income thresholds for Ontario are as follows: 5.05% on income equal to or less than $37,774 9.15% on income between $37,774.01 and $75,550 11.16% on income over $75,550 Ontario also imposes a surtax of 20% of provincial tax over $4,078, plus 36% of provincial tax over […]

  • ON – Personal Tax Credit Amounts for 2011

    For 2011, the province will provide the following non-refundable personal tax credit amounts: Basic personal amount ……………………………..  $9,104 Spouse or common-law partner amount …………  $7,730 Age amount ………………………………………….  $4,445 Eligible dependant amount ………………………… $7,730 All credit amounts are converted to non-refundable tax credits by multiplying by 5.05%.    

  • ON – 2011 Corporate Tax Rates

    Effective January 1, 2011, Ontario will levy a general corporate tax rate of 12%, with that rate currently scheduled to be reduced to 11.5% effective July 1, 2011.The small business threshold is $500,000,   and qualifying small business income under that threshold is taxed at a rate of 4.5%. The tax rate applied to qualifying manufacturing […]

  • ON – Online filing and payment access for Ontario businesses

    Using the provincial government’s online ONT-TAXS service, Ontario businesses can file returns and make tax payments for a number of provincial taxes. Specifically, businesses can file tax returns for Employer Health Tax, Fuel Tax, Gasoline Tax, International Fuel Tax Agreement, Tobacco Tax, and Beer and Wine Tax accounts and can make tax payments for any […]

  • ON – Province provides service guarantee for online orders

    The Ontario government has announced a commitment to provide provincial residents with documents ordered online through Service Ontario within 6 business days. Where that service commitment is not met, customers may be eligible for a refund of up to $100. The new service commitment, which is outlined on the Ontario government Web site at, […]

  • ON – Province provides details of pre-budget consultation process

    The Ontario Ministry of Finance has provided details of the 2011-12 budget consultation process which was announced last fall. In order to provide Ontario residents with increased opportunities for participation, the Minister of Finance will be hosting pre-budget “telephone town halls” in a number of locations across the province. The telephone town halls will combine […]