Ontario Budget 2016 February 25th Highlights
For 2015–16, the deficit is forecast to be $5.7 billion, which is $2.8 billion lower than projected in the 2015 Budget. The government is projecting a deficit of $4.3 billion in 2016–17.
Ontario will balance the budget in 2017–18, while continuing to make investments that stimulate economic growth and create jobs.
Some specific items of interest from the 408 page Ontario Budget released;
Ontario’s plan is making everyday life easier for Ontario’s seniors by:
Notice to Reader - Warning and Disclaimer
This monthly update was prepared on February 25, 2016
When considering any of ideas from this article, please contact the writer directly before acting on them. This will ensure that any information has been updated.
Without contacting the writer before implementing any of these items you will bear all the responsibility for any tax assessments and or business issues that may arise from this information.
February 4, 2016
Canada Revenue Agency is doing maintenance and no personal tax returns can be electronically filed for years 2012, 2013, 2014 and 2015 at this time in Canada until Monday February 15, 2016. Also, older returns are to be paper filed on approved software. Here is the bulletin from Canada Revenue Agency as follows;
Service interruptions – Annual update
Every year, the Canada Revenue Agency has to briefly shut down its systems to prepare for the coming tax-filing season. As part of this process, the following service interruptions will occur between Friday to Sunday, February 12 to 14, 2016.
Effective, February 12, 3:00 a.m. (Eastern time), the System for the Electronic Notification of Debt(SEND) web service will be permanently discontinued and replaced by the new Auto-fill my return service. Starting Monday, February 15, 2016, at 6:00 a.m. (Eastern time), electronic requeststo receive certain tax informationcan be submitted through your software product by the Auto-fill my return service.
Note: The EFILE online service will start accepting T1 returns on Monday, February 15, 2016, at 8:30 a.m. (Eastern time).
This monthly update was prepared on February 4, 2016.
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