Padgett Business Services, the Small Biz Pros, provides professional small business accounting, tax preparation, bookkeeping, and payroll processing services in London in the province of Ontario, Canada.

RELATIONSHIPS

"Padgett knows my business inside and out. In fact, sometimes I think they know more about my business than I do. And they are always there when I need them"

DEPENDABILITY

"Dependability was a critical factor for me when selecting a service provider. Padgett has exceeded my expectations"

EXPERIENCE

"I remember thinking my Padgett representative really did his homework, because he was so plugged into the realities of small business. Then it dawned on me, he runs his own Padgett office, which is a small business. He's talking from experience".

PEACE OF MIND

"I sleep better at night with Padgett on my team. Taxes, Payroll, government compliance - I don't worry about those things anymore and now I'm able to really focus on running my business."

QUALITY RELATIONSHIPS BREED SUCCESS

Integrity - This essential quality of our relationship will allow you to focus on what's most important: building and growing your business.

QUALITY RELATIONSHIPS BREED SUCCESS

Integrity - This essential quality of our relationship will allow you to focus on what's most important: building and growing your business.

UNIQUE BUSINESS ISSUES REQUIRE UNIQUE SOLUTIONS

We understand that no two small businesses are alike. That's why we offer a complete range of services. We analyze your individual needs and put together the combination of services that works for you, the small business owner.

Where Your Success
Takes Root

Articles

Ontario Sales Tax Credits

2011-03-10

The Ontario Sales Tax Credit (OSTC) is designed to help low- to middle-income individuals, 19 years of age and older, and families, including single parents, with the sales tax they pay.  The OSTC is paid on a quarterly basis. To get this credit, you (or your spouse or common-law partner) should apply for the GST/HST credit on page 1 of your (or your spouse’s or common-law partner’s) tax return(s). For more information on the payment amount, see Pamphlet RC4210,GST/HST Credit.

File your tax return – You (and your spouse or common-law partner) should file your 2010 return(s) promptly to ensure timely delivery of the OSTC. The information you provide on your 2010 return(s) will determine how much OSTC you will get starting in August 2011.  Report to the Canada Revenue Agency (CRA) any changes to your status (for example, birth, marriage, separation, etc.) that happen after filing your 2010 return.  This credit is fully funded by the Province of Ontario. For more information about this program, call the CRA at 1-877-627-6645.

Ontario Sales Tax Transition Benefit

The Ontario Sales Tax Transition Benefit (OSTTB) is designed to help eligible Ontario individuals, 18 years of age and older, and families adjust to the new sales tax system. This benefit consists of three payments. The first two payments were paid in June 2010 and December 2010. The final payment will be made in June 2011. The maximum amount for the final payment is $100 for single individuals and $335 for single parents and couples.  Each maximum payment is reduced by 5% of the adjusted family net income that is more than $80,000 for single individuals and $160,000 for single parents and couples.

File your tax return – While no application is necessary, you (and your spouse or common-law partner) must file your 2010 tax return(s) on or before April 30, 2012, to receive the last payment.

Tax Tip

If you were eligible for the OSTTB in 2010 but did not file your 2009 return, it is not too late.  You (and your spouse or common-law partner) must file your 2009 return(s) on or before April 30, 2011, to receive the first two payments.

Report to the CRA any changes to your status (for example, birth, marriage, separation, etc.) that happen after filing your 2010 return.

For more information about these payments, call the CRA at 1-877-627-6645.