Starting July 1st, 2010 Ontario Harmonized Sales Tax ( HST) of 13% will be in effect, substituting 5% GST and 8% Provincial Tax.
As part of Ontario's new comprehensive tax package, the Ontario Sales Tax Transition Benefit (OSTTB) will provide temporary relief to residents of Ontario to help them adjust to the new harmonized sales tax system.
The OSTTB has a maximum benefit of $1,000 for families – including single parents – with annual incomes below $160,000, and $300 for individuals with annual incomes below $80,000.
To qualify, you need to file your income tax return.
