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Sun, May 1st, 2011, 07:28 PM #1
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
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Sun, May 1st, 2011, 07:54 PM #2
Woo hoo! Thanks for the reminder.
If you are interested in Houseseats here is my referal link:
http://www.houseseats.ca/[email protected]
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Sun, May 1st, 2011, 07:57 PM #3
- Join Date
- Dec 2010
- Location
- Ontario
- Posts
- 24,160
- Likes Received
- 40644
- Trading Score
- 7 (100%)
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Mon, May 2nd, 2011, 10:00 AM #4
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
How much will I receive?
The amount you receive is not subject to tax and depends on:
- the size of your family
- your adjusted family net income
If you are single and have adjusted family net income of over $20,000, the amount you receive will be reduced by four per cent of your income over $20,000.
Families (including single parents) with over $25,000 in adjusted family net income will see their payments reduced by four per cent of their income over $25,000.
This credit is in addition to the <a class="external" href="http://www.cra-arc.gc.ca/bnfts/gsthst/menu-eng.html"><acronym title="Goods and Services Tax">GST</acronym>/<acronym title="Harmonized Sales Tax">HST</acronym> credit program and the Ontario Sales Tax Transition Benefit (OSTTB).
So, the amount you receive has no impact on your <acronym title="Goods and Services Tax">GST</acronym>/<acronym title="Harmonized Sales Tax">HST</acronym> credit or <acronym title="Ontario Sales Tax Transition Benefit">OSTTB</acronym> payments and vice versa.
How do I apply?
You need to file your 2010 personal income tax return to get this money.
When will I receive my credit?
Payments are issued in August, November, February and May.
For example, if you file your 2010 personal income tax return on time (by April 30, 2011) and qualify for this credit, you will receive your payments in August 2011, November 2011, February 2012, and May 2012.
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Mon, May 2nd, 2011, 08:10 PM #5
- Join Date
- Jul 2009
- Location
- Ontario
- Posts
- 17,846
- Likes Received
- 24776
- Trading Score
- 12 (100%)
For a low income single adult, basic amount is $65 per quarter. This credit replaces the OSTC that used to be on the pink sheet ($100 value for adults for years, not upped for inflation or what have you) for Ontario Tax credits in one's income tax return. At least you don't have to wait until next year to see the credit.
2021-Bring on the sunshine, sweets & online shopping.
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Fri, May 6th, 2011, 12:31 PM #6
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
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Sun, May 8th, 2011, 06:44 PM #7
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
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Mon, May 9th, 2011, 09:39 AM #8
- Join Date
- Mar 2011
- Location
- Sarnia, Ontario
- Posts
- 1,507
- Likes Received
- 739
- Trading Score
- 129 (100%)
Thanks for the reminder!!
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Tue, May 10th, 2011, 12:38 PM #9
- Join Date
- Jul 2008
- Location
- kingston, on
- Age
- 47
- Posts
- 666
- Likes Received
- 7
- Trading Score
- 15 (100%)
My income tax has been e-filed but i havent recieved it yet, so i didn't recieve the payment today. Will they just give me this credit at the same time as my income tax?
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Tue, May 10th, 2011, 12:59 PM #10
Our HST credit never came...so I suppose I don't qualify for this either
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Tue, May 10th, 2011, 02:59 PM #11
- Join Date
- Jan 2011
- Location
- Burlington, Ontario
- Age
- 42
- Posts
- 284
- Likes Received
- 2
- Trading Score
- 32 (100%)
This would be the last payment from our 2009 taxes. The first payment from our 2010 taxes will be in August.
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Tue, May 10th, 2011, 06:40 PM #12
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
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Wed, May 11th, 2011, 11:19 AM #13
- Join Date
- Jul 2008
- Location
- kingston, on
- Age
- 47
- Posts
- 666
- Likes Received
- 7
- Trading Score
- 15 (100%)
Thats strange because i recieved the last payment. hmm
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