Who is eligible for the refund of income tax on Ontario Opportunity Bond (OOB) interest?
The Tax Revenue Division (TRD) of the Ontario Ministry of Finance is responsible for administering the tax system in Ontario, including refund programs and policies. According to TRD you are eligible for a refund of Ontario personal income tax if you: • are a resident of Ontario on the last date of the taxation year; • have filed an income tax return for the taxation year; • reported interest earned on the OOB as interest income on the tax return; and • are required to pay tax for the taxation year.
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