Canada: Tax relief from interest, penalties in Ontario (COVID-19)
Six-month interest- and penalty-free period
Six-month interest- and penalty-free period
Businesses in Ontario may be eligible for new tax relief to mitigate the economic effects of continuing coronavirus (COVID-19) pandemic-related public health measures.
Businesses will have a six-month interest- and penalty-free period for most provincially administered tax payments and related returns due between 1 January 2022 and 1 July 2022. The relief applies to the following provincially administered taxes:
- Employer health tax
- Beer, wine and spirits taxes
- Tobacco tax
- Insurance premium tax
- Fuel tax
- International fuel tax agreement
- Gas tax
- Retail sales tax on insurance contracts and benefit plans
- Mining tax
- Race tracks tax
The province's tax relief is in addition to certain non-tax relief for eligible businesses subject to closure or capacity restrictions under the province's health measures.
Read a January 2022 report prepared by the KPMG member firm in Canada
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