2012 Ontario Budget Highlight – RST Wind Down

The 2012 Ontario Provincial Budget proposes to shorten the RST refund and rebate period in order to facilitate the wind down of Retail Sales Tax (RST).

Currently, taxpayers have until June 30, 2014, to submit RST refund and rebate applications. The proposed amendments would move up the filing deadline to December 31, 2012.

As always, there are exceptions; the current refund and rebate application periods will continue for RST paid in respect of insurance premiums and RST paid on the private transfer of used vehicles.



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