Ontario Tax Returns - Changes

hing425

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  • I have noticed several changes for the Ontario tax calculation and I would like to share them with you:

    1) Ontario basic sales tax credit $100
    Before: many of you know that you are over 16 and you have no income, you will get a refund of $100 (which was known as Ontario basic sales tax credit when you file a tax return

    Now: the Ontario basic sales tax credit is now incorporated with GST/HST refund (the cheque that government issue to you every quarter). In other words, there is no more $100 Ontario basic sales tax credit. Since you have to be 18 years old in order to receive GST/HST refund, you do not need to file a tax return for those under 18....(you will get nothing).

    2) Children's Activity Tax Credit (refundable)
    Federal tax return always have fitness tax credit (up to $500) and Ontario activity tax credit (refundable) is the maximum of 10% of $500. However, Ontario fitness tax credit includes activities such as piano lessons, Instruction in music, dramatic arts, dance and visual arts etc (which is not considered as fitness activities under Federal). If you have not maximized your $500 federal fitness credit, don't forget to include those non-fitness activity under Ontario return.
     

    OCAC

    公子妈
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    Thanks for the updates. :p
     

    ottawauser

    勇于创新的Gen Y
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    听说明年(2011),像rental expenses之类的ontario credit也要qualterly refund了,是吗?
     

    ccc

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    piano lessons

    只有9级或9级以上的才能报。
     

    OCAC

    公子妈
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    piano lessons

    只有9级或9级以上的才能报。
    村长,在哪里看到的?我怎么没有找到这条规定:confused:
     

    hing425

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    piano lessons

    只有9级或9级以上的才能报。
    From my understanding, the level of your piano lesson is not applicable.
     
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