By contributing to this fund you are helping to reduce Ontario's debt. Your contribution allows you to claim a non-refundable tax credit for the year in which you make your contribution.
How do I make a contribution?
There are two ways you can contribute to the Ontario Opportunities Fund:
- by redirecting your income tax refund, or
- by sending a cheque or money order to the province.
Redirect your income tax refund
You can make a contribution on your personal income tax and benefit return using all or a portion of your income tax refund. To do this, complete the Ontario opportunities fund area on your return.
You will receive a receipt for your contribution for the next tax year. So, if you make a contribution on your 2015 return, you will receive a receipt later and claim your credit on your 2016 return as a government gift on Schedule 9. The credit will reduce your total tax payable.
Your donation will not be processed if it is less than $2.00, or if the refund you have calculated is reduced by $2.00 or more when your return is assessed.
Note: your contribution will be deposited to the Ontario Opportunities Fund as soon as your return is assessed.
Send a cheque or money order
You can also make a contribution to the Ontario Opportunities Fund by sending a cheque or money order, payable to the Minister of Finance - Ontario Opportunities Fund, to:
Ontario Financing Authority
1400-1 Dundas Street West
Toronto ON M7A 1Y7
You will receive a receipt for your contribution for that tax year. So, if you send a cheque or money order to the fund in 2015, you will receive a receipt in February 2016. Then, you will claim the credit for your contribution on your 2015 return.