When you have your taxes done at Catherine Barrie Accounting we will ask you for the necessary documents needed to make sure you can take advantage of every credit you are entitled to. The form used to file this information is called the ON-BEN Application Form and can be obtained from the CRA.
This credit was implemented to help Ontarians with the sales tax that they pay throughout the year. You may be eligible if: You are 19 years old and up You are or have been married or in a common-law relationship You are a parent who lived or is living with your child This credit may [...]
This credit is a tax-free payment meant to help with your property and sales tax on energy costs in Ontario. You may qualify if: You are 18 years old or above You are or were married or in a common-law relationship You are a parent who lives or lived with your child You rented or [...]
This credit is meant to help manage the higher costs of home energy that Canadians living in Northern Ontario face. You may receive this credit if: Your main residence is in Northern Ontario You are 18 years old or older You have or had a spouse or common-law partner You are a parent who lives [...]
As long as you have filed your taxes, and qualify for the benefit, you can expect to receive your OTB monthly starting in July. If the amount of the benefit is less than $2 you will not receive a payment.
There are many factors that go into how much you will receive for the OTB. Factors that will affect how much money you will get from the government include your: Age Income Residence Family size Costs of rent or property tax If you would like to get an idea of how much you money you [...]
The OTB combines three credits and was implemented to help pay for energy costs as well as sales and property tax. The 3 credits that have been included in the OTB are: The Northern Ontario Energy Credit The Ontario Energy and Property Tax Credit Ontario Sales Tax Credit In order to receive the OTB you [...]