Amount:

No Fixed Amount

Type of Program:

Tax Postponement


Description:

The Ontario Government is providing additional support to help improve cash flows for Ontario businesses by providing a six-month interest- and penalty-free period to make payments for most provincially administered taxes.

This will:

  1. 1
    support businesses in the immediate term while capacity restrictions are in place;
  2. 2
    provide the flexibility Ontario businesses will need for long-term planning.

Comments on Funding:

There is no direct funding involved. The Government provides a six-month interest- and penalty-free period to make payments for most provincially administered taxes.


When It Ends:

Ongoing

Deadline:

July 1, 2022

Eligibility:

Applicants must:

  • Ontario businesses;
  • wishing to to delay their payments for the following provincially administered taxes:
  • Employer Health Tax;
  • Beer, Wine & Spirits Taxes;
  • Tobacco Tax;
  • Insurance Premium Tax;
  • Fuel Tax;
  • International Fuel Tax Agreement;
  • Gas Tax;
  • Retail Sales Tax on Insurance Contracts & Benefit Plans;
  • Mining Tax;
  • Race Tracks Tax.

Other Things to Note:

  1. 1
    The six-month period will begin on January 1, 2022 and end on July 1, 2022.
  2. 2
    This measure will provide up to $7.5 billion in relief to help approximately 80,000 Ontario businesses.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

Tags

You may also like

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D
Success message!
Warning message!
Error message!