Taxpayer refund checks now being sent to Ontario families

Started by Olatunbosun, 2025-01-17 23:30

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Taxpayer  refund checks now being sent to Ontario  families.
A $200 payment will be sent to every eligible taxpayer and child in  Ontario
Toronto - The Ontario government has begun issuing $200  tax refund checks to provincial taxpayers, as well as each of their eligible children, to help  cover the high cost of the federal carbon tax and high interest  rates. The checks should reach families  in the coming  weeks.
"As Ontario families  grapple with the federal carbon tax, high interest rates and global economic uncertainty, our government is stepping up as part of our ongoing work to  reduce costs and help families  afford to pay their bills. "Our careful fiscal management means our government is able to provide this  essential support  to families, even as we continue to improve  Ontario's finances and invest in our world-class public  services."
Cheques are being mailed to all Ontario residents eligible for the taxpayer  refund. To qualify for the  refund, you must  be 18 years  of age or older and  an Ontario resident  as of December 31, 2023, not bankrupt or incarcerated in 2024, and have filed a 2023  income tax return by December 31,  2024.
Families who qualify for the Canada Child Benefit (CCB) payment will also receive a separate cheque  of $200 for each eligible child under  the age  of 18. For example,  a family of  five, consisting of two adults and three  children, receives $1,000.
Ontarians can  track the status of  their eligible  checks online.
Fast Facts
The government has acted  quickly to make life more affordable  by investing $11.9 billion for families and individuals in  2024-2025. From housing to  post-secondary education to transportation, the government is helping  to lower the cost of essentials for Ontario  families, making the province an affordable and competitive place to live and  work. The Child Tax Credit is  paid to the person(s)  receiving ACE in respect of the child. In the case of  joint custody of a child, payments  will be  divided based on the  last available Canada Child Benefit (CCB) benefit. For families with children who did not receive the Canada Child Benefit (CCB) for 2024, the government  is offering the option of receiving a $200  refund per child. Details  will be  announced in the coming  weeks. In December 2024, SandP Global upgraded Ontario's credit rating,  giving the government  its second upgrade in  six months. An improvement  in the government's credit rating is a positive reflection  of its fiscal management.

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