http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-337880 Al-Mahmud Hasan Sun, 12 Dec 2010 06:00:16 +0000 http://www.canadiancapitalist.com/?p=2089#comment-337880 I came to Canada as permanent resident on 4th June 2010. I applied for Universal child tax and Child tax benefit. Along with that, I got Ontario sales tax transition benefit payment of 330 dollars for June 2010. Today, I received OSTTB December 2010 payment( direct deposit). But this is only 5 dollars. My family income is much less than 160,000 both in 2009 and 2010. My other personal circumstances are also same. So why december payment is only 5 dollars................ I came to Canada as permanent resident on 4th June 2010. I applied for Universal child tax and Child tax benefit. Along with that, I got Ontario sales tax transition benefit payment of 330 dollars for June 2010. Today, I received OSTTB December 2010 payment( direct deposit). But this is only 5 dollars. My family income is much less than 160,000 both in 2009 and 2010. My other personal circumstances are also same. So why december payment is only 5 dollars…………….

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-225282 How the HST will affect you | MoneySense Wed, 09 Jun 2010 11:37:00 +0000 http://www.canadiancapitalist.com/?p=2089#comment-225282 [...] cut the tax rate on the lowest income bracket by 1 per cent, will increase transfer payments, will provide an one-time transition benefit payment for most families and will cut corporate income taxes. Though there are some sane voices (see post Not a Tax Grab [...] [...] cut the tax rate on the lowest income bracket by 1 per cent, will increase transfer payments, will provide an one-time transition benefit payment for most families and will cut corporate income taxes. Though there are some sane voices (see post Not a Tax Grab [...]

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-225232 How the HST will affect you | Canadian Capitalist Wed, 09 Jun 2010 03:41:45 +0000 http://www.canadiancapitalist.com/?p=2089#comment-225232 [...] cut the tax rate on the lowest income bracket by 1 per cent, will increase transfer payments, will provide an one-time transition benefit payment for most families and will cut corporate income taxes. Though there are some sane voices (see post Not a Tax Grab [...] [...] cut the tax rate on the lowest income bracket by 1 per cent, will increase transfer payments, will provide an one-time transition benefit payment for most families and will cut corporate income taxes. Though there are some sane voices (see post Not a Tax Grab [...]

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-212980 Weekly Review – Plutus Awards Nominations – Cradle of Hope Adoption Center Knowledge Fri, 12 Mar 2010 13:34:00 +0000 http://www.canadiancapitalist.com/?p=2089#comment-212980 [...] Get the most out of Ontario Sales Tax Transition Benefit @ Canadian Capitalist [...] [...] Get the most out of Ontario Sales Tax Transition Benefit @ Canadian Capitalist [...]

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-212954 ST Fri, 12 Mar 2010 02:10:11 +0000 http://www.canadiancapitalist.com/?p=2089#comment-212954 I'm using the standard quick tax, will it indicate that I will receive the Ontario Sales Tax Transition Benefit? How will I know if I will be receiving it? I'm a single parent making less than the $80 I assume I do qualify? I’m using the standard quick tax, will it indicate that I will receive the Ontario Sales Tax Transition Benefit? How will I know if I will be receiving it? I’m a single parent making less than the $80 I assume I do qualify?

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-212677 Canadian Capitalist Tue, 09 Mar 2010 03:29:03 +0000 http://www.canadiancapitalist.com/?p=2089#comment-212677 @Joe: I don't believe you need to apply for the Ontario Sales Tax Transition Benefit. If you file your taxes, the benefit will be automatically paid. @Joe: I don’t believe you need to apply for the Ontario Sales Tax Transition Benefit. If you file your taxes, the benefit will be automatically paid.

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-212487 Joe Sat, 06 Mar 2010 14:49:23 +0000 http://www.canadiancapitalist.com/?p=2089#comment-212487 How do I calculate the Ontario Sales Tax Transition Benefit (my wife is a dependant with no income) and where do I place it on the manual T1 form? On what LINE do I place it? My Net Income is $62,753 (Line 236). Any help would be extremely helpful! How do I calculate the Ontario Sales Tax Transition Benefit (my wife is a dependant with no income) and where do I place it on the manual T1 form? On what LINE do I place it? My Net Income is $62,753 (Line 236). Any help would be extremely helpful!

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-211872 Weekly Review – Plutus Awards Nominations Fri, 26 Feb 2010 11:03:47 +0000 http://www.canadiancapitalist.com/?p=2089#comment-211872 [...] Get the most out of Ontario Sales Tax Transition Benefit @ Canadian Capitalist [...] [...] Get the most out of Ontario Sales Tax Transition Benefit @ Canadian Capitalist [...]

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-211644 noname Wed, 24 Feb 2010 20:00:18 +0000 http://www.canadiancapitalist.com/?p=2089#comment-211644 Thanks...I knew I had left out an important detail ;-) Thanks…I knew I had left out an important detail

]]> http://www.canadiancapitalist.com/get-the-most-out-of-ontario-sales-tax-transition-benefit/#comment-211643 Canadian Capitalist Wed, 24 Feb 2010 19:33:39 +0000 http://www.canadiancapitalist.com/?p=2089#comment-211643 @noname: Please read the post again. I did not say that the entire benefit will be paid in 2010. The Benefit will be paid in three installments. Two of those installments will be paid in 2010 based on net income for 2009. So, the tax software is correct. You'll get the rest of the benefit in 2011 based on your net income for 2010. @noname: Please read the post again. I did not say that the entire benefit will be paid in 2010. The Benefit will be paid in three installments. Two of those installments will be paid in 2010 based on net income for 2009. So, the tax software is correct. You’ll get the rest of the benefit in 2011 based on your net income for 2010.

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