Help reduce Ontario's debt by contributing to the Ontario Opportunities Fund. In return, your contribution allows you to claim a non-refundable tax credit. It reduces your total income tax payable for the year in which you contribute.
How to contribute
Here's how to make a contribution:
By redirecting your income tax refund:
- You can make a contribution on your personal income tax return using all or a portion of the refund to which you may be entitled.
- You will receive a receipt for your contribution for the next tax year.
Example: If you make a contribution in 2012 on your 2011 tax return, you will receive a receipt in February of 2013. You can claim the tax credit for your contribution on your 2012 tax return as a government gift on Schedule 9. The tax credit will reduce your 2012 total tax payable.
By direct payment:
- Make a cheque or money order payable to the Ministry of Finance - Ontario Opportunities Fund and mail it to:
Ontario Financing Authority
One Dundas Street West, Suite 1400
Toronto ON M7A 1Y7 - You will receive a receipt for your contribution for that tax year.
Example: If you make a direct payment to the fund in 2012, you will receive a receipt in February 2013. You will claim the tax credit for your contribution on your 2012 income tax return. You would file this return by April 30, 2013.
