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On March 23, 2006, Ontario's McGuinty government doubled their former $1,000 ceiling sales tax rebate on hybrid cars such as the Toyota Prius up to a maximum of $2,000, but stopped short of making such vehicles PST-free.
The federal government sends an annual rebate ranging from $300 to 600 adequate emissions pricing plans. [45] For example, if under the GHGPPA a family of four in Ontario pays an additional CA$20 per month for gas, home heating, and other costs, it will receive CA$307 in annual rebates.
Eligible recipients were required to have also earned $5,000 in income during the 2019 tax year, and could not earn more than $1,000 per month when claiming CERB. [49] The benefit was administered jointly by the CRA and Service Canada , with nearly 8.5 million Canadians applying for the benefit. representing nearly 21.5 million unique ...
After various rebates, the net BC HST revenue would have been $5.38 billion, which is $410 million more than the would-be BC PST revenue ($4.97 billion) if there were no reform. The BC government argued that the $410 million difference, however, would be returned to residents through HST-related personal income tax reductions in the forms of BC ...
The First Time Home Buyers Tax Credit is also available in Ontario, which offers First Time Home Buyers a 750 dollar tax Rebate. In 2017 the Ontario Government also released the Land Transfer Tax Rebate, which allowed for up to 4,000 dollar rebate – ensuring that first time home buyers of homes valued under 368,000 dollars would not pay land ...
On March 6, 2007, the government announced over $1.5 billion in funding in Ontario for improving the city of Toronto's transit system including the extension of a subway line to Vaughan. $586 million of the funding went for a new power grid from Ontario to Manitoba that would provide cleaner hydro energy. [124]
In the lead-up to the 1987 Ontario general election, Liberal leader David Peterson pledged to allocate $500 million over 10 years to incentives for home buying with the creation of a Home Ownership Savings Plan (HOSP) similar to then-defunct RHOSPs. Unlike RHOSPs, HOSP would only be available to taxpayers earning $40,000 a year or less.
Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, [3] the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, [4] and personal income tax deadlines for 2019 were extended.