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bluekrissyspikes
07-08-2010, 01:57 PM
anyone heard of this?

apparently checks come out in august and start coming quarterly like gst.

http://www.rev.gov.on.ca/en/credit/stc/faq.html#Q1

Peety
07-08-2010, 02:28 PM
It is for income under 20 thousand?

cutie22
07-08-2010, 02:41 PM
It is for income under 20 thousand?

he OSTC provides a maximum annual credit of $260 for each adult and child. If you are a single individual with no children, the credit will be reduced by 4% of your adjusted net income over $20,000. If you are a single parent, or are married or living common‑law, the credit will be reduced by 4% of adjusted family net income over $25,000. gotten from: http://www.cra-arc.gc.ca/bnfts/rltd_prgrms/fq_ntr_stc-eng.html#q2 hope that helps Peety.

Also our income was well over 20 thousand and we are still getting the benefit. I got curious so I pulled out our income tax paper work. If you have your copy it will say in there.

Peety
07-08-2010, 02:45 PM
he OSTC provides a maximum annual credit of $260 for each adult and child. If you are a single individual with no children, the credit will be reduced by 4% of your adjusted net income over $20,000. If you are a single parent, or are married or living common‑law, the credit will be reduced by 4% of adjusted family net income over $25,000. gotten from: http://www.cra-arc.gc.ca/bnfts/rltd_prgrms/fq_ntr_stc-eng.html#q2 hope that helps Peety.

Also our income was well over 20 thousand and we are still getting the benefit. I got curious so I pulled out our income tax paper work. If you have your copy it will say in there.
Yes it did. Thank you..

b&aMom
07-08-2010, 02:45 PM
I believe the Ontario Sales Tax Credit was previously given to you in a lump sum as part of your income tax refund. Unless this is something new, which I doubt. Sounds like the same one...we haven't been eligible for it for years and years as it takes very little income before you're ineligible...even with a couple of kids.

cutie22
07-08-2010, 02:54 PM
I believe the Ontario Sales Tax Credit was previously given to you in a lump sum as part of your income tax refund. Unless this is something new, which I doubt. Sounds like the same one...we haven't been eligible for it for years and years as it takes very little income before you're ineligible...even with a couple of kids.

This is something different. This is the main page with the information http://www.cra-arc.gc.ca/bnfts/rltd_prgrms/ntr_stc-eng.html. And like I said in previous post we are getting it according to my income tax paper work. The months that they have it schedule for payment is: Aug 2010, Nov 2010, Feb 2011, and May 2011