Notice to the reader: This publication was archived and kept for historical purposes. Use caution when you refer to it, since it reflects the law in force at the time it was released and may no longer apply.
Information Notice
Published: December 2009
Content last reviewed: December 2009
ISSN: 1206-7105
Publication Archived
This IFTA NewsFlash includes information about:
- Returns used to report IFTA account information
- Grace period to display 2009 decals
- Interest Rates on late payments and refunds
- ONT-TAXS online
Original Returns Used for Quarterly Reporting
Please use the original returns provided by the Ministry of Finance (ministry) for your quarterly reporting purposes. Reproductions of the forms are usually not compatible with our processing system. Any reproduced versions of the return and schedule(s) must be approved by the ministry before use. Ministry contact information is provided later in this NewsFlash.
Our new online service is an easy alternative for carriers or representatives to avoid filing paper returns. More information about ONT-TAXS online can be found later in this NewsFlash.
Renewed Carriers Grace Period
If you have applied for yet do not receive your renewed IFTA licence and decals by January 1, 2010, you may continue to use your 2009 IFTA licence and decals, but only until February 28, 2010.
If the proper documentation is not onboard while travelling, you may receive a fine and be required to buy a single trip permit.
Interest Rates
Interest is charged to your account if payment is not received by the due date. Remember: if the due date falls on a weekend or holiday, your payment is due the next working day.
The interest rate for October 1 to December 31, 2009 will remain at 3% and applies to:
- late payments, and
- refunds the ministry has not paid within 90 days.
Please note, interest is compounded daily and will be applied until the last day of the month in which full payment is received.
File Returns and More Online
ONT-TAXS online is the Ministry of Finance's online tax service for businesses and representatives. It saves time, reduces paper and is available 24 hours a day, seven days a week.
IFTA carriers can use ONT-TAXS online to:
- File tax returns (including amended returns) and make tax payments
- View up to four years of account history
- Request a refund for overpayment of tax
- Request IFTA decal renewals, additional or replacement decals, as well as make decal payments
- Turn the paper off – ask us to stop sending your IFTA returns by mail
- Provide access to employees or representatives (such as an accountant or bookkeeper) to do business on your behalf
Getting Started is Fast and Easy
Visit ontario.ca/finance, select Get Started and complete the online form, or call us at 1 866 ONT-TAXS (1 866 668-8297). When you receive your two pieces of enrolment information in the mail you are ready to start using ONT-TAXS online.
View an ONT-TAX online demo
Learn about filing online, through ONT-TAXS online, at ontario.ca/finance. From our main page, just click on About ONT-TAXS online, scroll down and then link to View an ONT-TAXS online demo to learn more.
