The MOR previously allowed a prepayment of up to 85% for claims filed under the following credits. Did that end with the transfer to the CRA on April 3, 2008?
• Ontario Film and Television Tax Credit (OFTTC); • Ontario Production Services Tax Credit (OPSTC); A. As of April 3, 2008, tax credit claimants file their Ontario CT23 return with the MOR for pre 2009 taxation years. Upon receipt of the completed claim, the MOR reviews the claim and where appropriate issues a partial refund (up to 85% of the amount for the OFTTC and OPSTC) within six weeks. The MOR then notifies the CRA that the completed OFTTC or OPSTC claim is ready for CRA audit. The CRA then informs MOR of the results of the audit. MOR then sends a Notice of Assessment along with the remaining refund (if applicable) to the claimant.
Related Questions
- The MOR previously allowed a prepayment of up to 85% for claims filed under the following credits. Did that end with the transfer to the CRA on April 3, 2008?
- Are there guidelines to follow when making a schedule (ex: only allowed to take 18 credits)?
- How is the number of CPE credits allowed for a program determined?
