How does the government provide Ontario taxpayers with assistance to transition to the HST?
To help people, the Ontario government is providing $12 billion in personal tax relief over three years. This includes tax-free payments to help individuals and families (including seniors) transition to the HST: • Eligible families – including single parents and senior couples – with adjusted family net incomes $160,000 or less receive three payments totaling $1,000. • Eligible individuals with adjusted family net incomes $80,000 or less receive three payments totaling $300. • For families and individuals with higher incomes, each of the three maximum benefit payments are reduced by 5 per cent of income over the thresholds specified above. These transition payments are delivered to eligible Ontario tax filers aged 18 and over or who have a spouse or common-law partner or live with their child in June 2010, December 2010 and June 2011. Find out more about what the tax package means to individuals and families.
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