Bulletin
Information Notice
Tax Tip
Published:
Content last reviewed: December 1899
ISSN:
ISBN:
(Print), (PDF), (HTML)
The information in this guide will help you complete the Boat Rentals Gasoline Schedule 7 - TEU [PDF - 273 KB]. The guide also provides information about supporting documents, records retention, time limit for applying for a refund, direct bank deposit, and will help you to determine whether you are eligible to claim a refund. The information in this guide is provided as a guideline only and does not replace the law found in the Gasoline Tax Act and related regulations.
The refund is available to commercial and private marinas and tourist resort operators in Ontario.
Commercial and private marinas and tourist resorts can apply for a tax refund on gasoline consumed in rented boats, if:
A tax refund will not be paid on gasoline used in marine crafts operated by owners for their personal pleasure, or on gasoline sold to individual boat owners.
Include with your application, all relevant purchase invoices, receipted by your supplier, as evidence of the payment of the tax and the date of payment.
The invoices must show:
The date of invoice payment should be provided and confirmed with copies of cancelled cheques and/or a statement of account.
Include product inventory reconciliation summaries, corresponding to the application starting and ending dates, to support the litres consumed within the claim period.
Copies of invoices previously claimed must not be included in this claim unless you are claiming an adjustment for a previous claim.
If your annual claim total is less than $500, you are not required to send the supporting documentation to the Ministry of Finance (ministry) with your refund application. However, you must retain the supporting documentation noted in the above section, for a period of seven years and provide the information to the ministry upon request.
When completing a preprinted form please make any required corrections by hand on the refund application before submitting.
The Ontario tax rates are found on the tax rate table provided on the Application for Refund – Tax Exempt Usage (TEU).
When completing the Application for Refund online the Ontario tax rates are automatically provided on the schedules.
Provide your federal business number or your MFTT reference number as your Identification No. on the Application. When communicating with the ministry, include your identification number on all correspondence and forms.
For your refund to be deposited directly into your bank account, please provide a cheque marked VOID showing your name and address and attach it to your refund application or mail it to the Ministry of Finance with a letter requesting direct deposit. Remember to quote your Identification Number (Business Number or MFTT Reference Number) on your letter.
If you wish to cancel direct deposit, please send a letter to the Ministry of Finance requesting a cancellation.
The refund application must be received, by the ministry, within four years from the date of your tax payment. All records, documents and receipts pertaining to your tax refund claim must be kept for seven years for audit purposes.
For further information regarding records retention, please refer to the Tax Information Bulletin entitled Retention/Destruction of Books and Records. Copies are available at ontario.ca/finance or by calling 1 866 ONT-TAXS (1 866 668-8297).
Personal information contained within the Application for Refund is collected under the authority of the Gasoline Tax Act, R.S.O. 1990, c.G.5, and will be used for the purposes of the Gasoline Tax Act. Questions about this information collection should be directed to:
Senior Manager, Account Management
Client Services Branch
Ministry of Finance
33 King Street West, PO Box 625
Oshawa ON L1H 8H9
Ministry of Finance
Motor Fuels and Tobacco Tax
33 King Street West, PO Box 625
Oshawa ON L1H 8H9
Toll free 1 866 ONT-TAXS (1 866 668-8297)
Hours of Service Monday to Friday 8:30am to 5:00pm
Teletypewriter (TTY) 1 800 263-7776
Fax 905 433-5680
Website ontario.ca/finance
Your refund must be based on the actual tax paid per litre, at the rate in effect at the time of purchase.
Line 1. Litres Purchased
Enter the litres of gasoline purchased within the applicable tax period for which receipted invoices are attached to this application.
Line 2. Total Refundable Litres
Enter the amount of litres included as part of the boat rental fee and were not billed to the customer on an invoice or shown as a separate item on the rental contract.
Line 3. Ontario Tax Rate
Enter the applicable Ontario tax rate per litre. This is the tax rate in effect during the tax period dates identified in the column. Refer to tax rate table found on the Application for Refund – Page 1.
Line 4. Current Refund Claim Amount
Multiply Total Refundable Litres (line 2) by the Ontario Tax Rate (line 3) and enter this amount. Carry forward this Current Refund Claim Amount to Line C of the Application for Refund - Summary form.
Only use this section if you need to adjust your previous refund claim for which you have already received payment. Adjustments must be made within four years.
For example:
Line 5. Litres Purchased
Enter the total litres of gasoline purchased applicable to your previous refund claim, for which receipted invoices are attached to this application.
Line 6. Total Refundable Litres
Enter the amount of litres included as part of the boat rental fee and were not billed to the customer on a invoice or shown as a separate item on the rental contract.
Line 7. Ontario Tax Rate
Enter the applicable Ontario tax rate per litre. This is the tax rate in effect during the tax period dates identified in the column. Refer to tax rate table found on the Application for Refund – Page 1.
Line 8. Adjustment to Previous Refund Claim Amount
Multiply Total Refundable Litres (line 6) by the Ontario Tax Rate (line 7) and enter this amount. Carry forward this Previous Refund Claim Amount to Line D of the Application for Refund - Summary form.
When completing the application online the amount will be transferred automatically.