FOR BRANT NEWS
Like you, I am getting ready to file my taxes.
Before you do, I want to address a misunderstanding about the delivery of the Ontario Trillium Benefit.
In these pages around April of last year, I wrote about the change of the Ontario energy and property tax credit, the northern Ontario energy credit and the Ontario sales tax credit into one payment known as the Ontario Trillium Benefit.
At the time, some Brant area taxpayers felt the change did not fit into their family budget. People wanted more flexibility in determining when they received their tax credits.
So I, along with many residents, appealed the change to the minister of finance and the premier.
As a result, an optional payment choice was made available to tax submitters, allowing for greater flexibility in how and when you receive your tax credits.
In addition, Ontario Trillium Benefit cheques can now be cashed for free at any Canadian bank. You can also sign up to have your cheques deposited directly into your bank account.
Some Canadian banks also offer no-fee bank accounts.
The overall purpose of the Ontario Trillium Benefit is to help low to moderate income families and individuals keep more of their money by reducing the fees they may pay at tax time. It also provides for a “monthly” option should you want it.
The Ontario Trillium Benefit is providing Ontarians with $2.4 billion in relief from taxes and energy costs each year.
For full details about the Ontario Trillium Benefit please visit www.fin.gov.on.ca/en/credit.
For assistance with all other provincial matters please contact me at my office at 519-759-0361 or visit my website at www.davelevac.on.ca
Dave Levac is MPP for Brant and Speaker of the Legislative Assembly of Ontario.