April 13, 2022
Ontario Business Tax Grace Period 2022
The Ontario government is providing a six-month interest- and penalty-free period to make payments for most provincially administered taxes The six-month period started on January 1, 2022 and will end on July 1, 2022.
This measure will make available up to $7.5 billion in relief for more than 80,000 Ontario businesses. Businesses will have the option to delay their payments for the following provincially administered taxes:
- Employer Health Tax
- Beer, Wine & Spirits Taxes
- Tobacco Tax
- Insurance Premium Tax
- Fuel Tax
- International Fuel Tax Agreement
- Gas Tax
- Retail Sales Tax on Insurance Contracts & Benefit Plans
- Mining Tax
- Race Tracks Tax