GST/HST , OSTC , OSTTB , WITB , UCCB , CCTB , etc Payment Schedule Below :)

[tjthemanto]

does everyone qualify for this. or do you have to own a home?

even if you rent you qualify as long as you applied for it when you filed your taxes .

[Brynhilde]

Ontario Energy and Property Tax Credit ( OEPTC ) payment on
December 9, 2011

I'm kind of confused. I claimed that I rented all 12 months last year.. however, I lived in a place where utilities were included. I don't recall ever receiving this payment but I did get a substanial refund. How does this credit work?

[gameprogirl]

You get it because you pay rent, you don't have to pay utilities to get it.

[Brynhilde]

I'm just going to phone Canada Revenue or the provincial equivilent to find out. I claimed rent for 2010 and haven't received anything on the dates in this thread. I pay utilities now so this money would be really useful

[tjthemanto]

I'm kind of confused. I claimed that I rented all 12 months last year.. however, I lived in a place where utilities were included. I don't recall ever receiving this payment but I did get a substanial refund. How does this credit work?

You can calculate how much you are/were supposed to get here .

http://www.cra-arc.gc.ca/ebci/icbc/s...oeptcCurrent-e


If you filed your taxes manually ( paper ) or online using a software ( Quic Tax , Turbo tax ) etc ..you had to apply for the OETPC credit just like you have to apply for the GST/HST credit every year . They won't give it to you automatically even if you qualify ..you should get all the retroactive payments if you apply now & if you qualify .

[Brynhilde]

You can calculate how much you are/were supposed to get here .

http://www.cra-arc.gc.ca/ebci/icbc/s...oeptcCurrent-e


If you filed your taxes manually ( paper ) or online using a software ( Quic Tax , Turbo tax ) etc ..you had to apply for the OETPC credit just like you have to apply for the GST/HST credit every year . They won't give it to you automatically even if you qualify ..you should get all the retroactive payments if you apply now & if you qualify .

Thank you. I filed my taxes using a software but I don't remember any checking any boxes for the OETPC so I will call and find out if I can get any payments. Thanks so much for your post

[Brynhilde]

I called and I have to refile two forms in order to get payments. Will be worth it once I receive it. :D

[tjthemanto]

I called and I have to refile two forms in order to get payments. Will be worth it once I receive it. :D

Don't forget the 2010 OEPTC either ..that was given as a lum sum as opposed to the 2011 OEPTC payments which are being given in 4 installments .

You probably didn't apply for or didn't get the 2010 OEPTC either just as you didn't get the 2011 OEPTC ..so try to get retroactive payments fo that year too .

Its a new credit they started in 2010 ..lot of people just lost through default because they didn't apply for it & there was lot of confusion regarding it .

[tjthemanto]

I called and I have to refile two forms in order to get payments. Will be worth it once I receive it. :D

I think its some ON-BEN form you have to fill up ..apply for both the 2010 OEPTC & 2011 OEPTC when you do that .
Ontario Energy and Property Tax Credit (OEPTC)

Important notice

You can no longer receive a payment for your Ontario energy and property tax credit (OEPTC) from a tax preparing service, since this credit is now being paid in instalments.


The 2011 OEPTC amount is being paid in four instalments on the dates shown below. When you file your 2011 return, you can apply for the 2012 OEPTC that will be paid on a monthly basis to eligible individuals starting in July 2012.


If you would like to calculate your entitlement, please go to one of the two following links:

• Ontario Energy and Property Tax Credit calculation sheets and print and complete the applicable sheet; or
• Ontario Energy and Property Tax Credit on-line calculator and enter the requested information.

In its March 2010 budget, the Province of Ontario introduced the Ontario energy and property tax credit (OEPTC). This credit is designed to help low‑ to moderate ‑income Ontario residents with the sales tax on energy and the property taxes they pay. The CRA administers this program for Ontario.


The OEPTC replaces the Ontario property tax credit that was claimed on your 2009 and previous income tax and benefit returns as part of the combined Ontario property and sales tax credits. The new credit has two components: an energy component and a property tax component. You should apply for the OEPTC if you are eligible for either component.


The 2010 income tax and benefit return is the transition return for converting the OEPTC to a separate payment that will be made in installments. So, on your 2010 return, if eligible, you can:

• claim the 2010 OEPTC, which will be included with your 2010 income tax assessment; and
• apply for the 2011 OEPTC, which will be issued in four installments after your 2010 return is assessed.

Your 2011 OEPTC instalments payments will be issued on:

• July 27, 2011
• December 9, 2011
• March 9, 2012
• June 8, 2012

[dweagant]

does anyone know when the $50 a month that was in the last budget start coming??

Don

[Brynhilde]

Thanks tj.. I got my forms all filled out, ready to send off. Just waiting on copies of old receipts.. can't send it off without them

[Brynhilde]

does anyone know when the $50 a month that was in the last budget start coming??

Don

I'm not sure what you talking about.. that could be anything since the amount everyone gets from different credits are based on how much they earned and how many children they have

[dweagant]

Brynhilde, I am talking about the increase in old age pension that was in the last federal budget. Said $600 a year increase or $50 a month. It may be included in the gains part. It was not an election "promise" It was included in the first budget of the new government.

Don

[tjthemanto]

Brynhilde, I am talking about the increase in old age pension that was in the last federal budget. Said $600 a year increase or $50 a month. It may be included in the gains part. It was not an election "promise" It was included in the first budget of the new government.

Don

Its part of the Canadian Economic Action Plan by the Harper government. Apparently the increase has already happened from July 1 , 2011 . They have added it to the GIS part ( I think ) & not the OAS part . Check the first link below .

http://news.gc.ca/web/article-eng.do?nid=609019

Guaranteed Income Supplement increases for low-income seniors


OTTAWA, ONTARIO, JUNE 30, 2011—More than 680 000 of Canada’s lowest-income seniors will benefit from the largest increase to the Guaranteed Income Supplement (GIS) in a quarter century. The GIS increase, effective July 2011, is part of Budget 2011.

“Canada’s seniors have worked hard to build a better country for future generations and the Government of Canada has taken significant action since 2006 to improve seniors’ quality of life,” said the Honourable Diane Finley, Minister of Human Resources and Skills Development. “Our Government is implementing new measures that will improve the financial security of our most vulnerable seniors, many of whom are women.”

Beginning in July 2011, seniors with little or no income other than the Old Age Security and the Guaranteed Income Supplement will receive additional benefits up to $600 for single seniors and $840 for couples per year—the most significant increase in over 25 years.

The increase to the GIS represents a $300 million investment per year and is the third GIS increase in the last five years. OAS benefits, including the GIS, are designed to help seniors meet their immediate, basic needs and maintain a minimum standard of living in retirement.





************************************************** *******************************************

http://www.budget.gc.ca/2011/themes/theme2-eng.html


The Next Phase of Canada's Economic Action Plan
Supporting Canadian Seniors

Increasing Financial Support for Canada's Seniors


Canada's seniors have worked their entire lives to help build a better Canada and secure a dignified retirement. The Government is committed to helping increase their financial well-being.

That's why the Next Phase of Canada's Economic Action Plan is enhancing the Guaranteed Income Supplement (GIS) for seniors who rely almost exclusively on their Old Age Security and the GIS.



Effective July 1, 2011, eligible seniors will receive additional annual benefits of up to $600 for a single senior and $840 for couples.



This will provide increased financial security to the most vulnerable seniors in Canada, representing an investment of more than $300 million per year.


This measure will improve the financial security of more than 680,000 seniors across Canada.
Other New Action Plan Support for Seniors

The Next Phase of Canada's Economic Action Plan takes other targeted actions specifically designed to help seniors.
New Horizons for Seniors

This program provides funding to support local community-based projects across Canada that enable seniors to participate in social activities and contribute to their community, as well as projects that raise awareness of elder abuse and other important issues affecting seniors.
The Next Phase of Canada's Economic Action Plan proposes to provide $10 million over two years to the program to ensure that it continues to support seniors' needs.
More Freedom in Deciding When to Retire

Canadians are living longer, more active lives than ever before. Seniors who want to remain active in the workforce should have the freedom to make that choice—not have one forced on them.
That's why the Next Phase of Canada's Economic Action Plan will change federal rules to eliminate the mandatory retirement age for federally regulated employees, unless there is an occupational requirement, to allow Canadians the freedom to choose how long to remain active in the workforce.
Targeted Initiative for Older Workers

With an ever-changing economy, older workers often require new training in order to secure new, gainful employment.
The Next Phase of Canada's Economic Action Plan extends the Targeted Initiative for Older Workers program until 2013–14. This program ensures older workers have access to training and employment programs to help them find their new career. It also opens training and employment programs to displaced older workers, ensuring they have the support they need to find a new job.
Tax Relief for Seniors

Since 2006, the Government has moved to ensure seniors keep more of their money in their pockets. Indeed, as a result of actions taken by this Government, seniors and pensioners are receiving about $2.3 billion in additional targeted tax relief for the 2011–12 fiscal year.
Since 2006, the Government has:

• Increased the Age Credit amount by $1,000 in 2006, and by another $1,000 in 2009.
• Doubled the maximum amount of income eligible for the Pension Income Credit to $2,000.
• Introduced pension income splitting.
• Increased the age limit for maturing pensions and Registered Retirement Savings Plans to 71 from 69 years of age.

This means that, in 2011, a single senior can earn at least $19,064 and a senior couple at least $38,128 before having to pay any federal income tax. Seniors are also major beneficiaries of the broad-based tax relief measures that have been introduced by the Government, such as the Tax-Free Savings Account.
Ensuring a Strong Retirement Income System

The Government is acting to ensure the long-term strength of the Canadian retirement system.
Better Private Pension Regulations

In 2009, the Government introduced important measures to improve federally regulated private pension plans by:

• Requiring companies to fully fund pension benefits on plan termination.
• Making pensions more stable.
• Making it easier for members to negotiate changes to their pension arrangements.
• Modernizing investment rules for pensions.

New Private Pension Options

The Government, along with provincial and territorial governments, is working to introduce a new kind of pension plan called the Pooled Registered Pension Plan, or PRPP.
PRPPs will improve the range of retirement savings options available to Canadians by providing a low-cost, well-regulated private sector retirement savings opportunity.
These plans will be accessible to millions of Canadians who have up to now not had access to such coverage—such as many employees of small and medium-sized businesses and self-employed workers.
Seniors will benefit from the Next Phase of Canada's Economic Action Plan, with important new measures like:

• An enhanced Guaranteed Income Supplement for more than 680,000 seniors.
• Increased funding for the New Horizons for Seniors Program.
• More freedom in deciding when to retire.
• An extension of the Targeted Initiative for Older Workers.

[Ciel]

January 5 direct deposit/cheque date bump for HST credit.
http://www.cra-arc.gc.ca/bnfts/gsthst/menu-eng.html