The way that some tax credits are being paid to low income people in Ontario is changing.
ISAC has prepared two information bulletins related to these changes that we hope will be helpful to you.
- how payments for three tax credits have been changing since 2009
- how these payments are changing again in 2012
- why these changes are being made
- some of the implications of these changes
- who is eligible for these tax credits
- how to get help with filing your tax return, which you must do in order to get the tax credits
- action you can take to get government to provide more help for people with filing their income tax return.
The second information bulletin talks about a problem that some low income people have had with getting their taxes done this year, in hopes of getting a lump-sum tax refund. It says:
- some companies that do people’s taxes are asking people to enter into a contract in order to get their taxes done
- the contract means people have to sign up for a bank account and a debit card
- they also have to change their direct deposit so that all tax-delivered benefits go into this new bank account
- both the bank account and the debit card charge high fees
- the companies get paid first, when benefits get deposited into the bank account
- there are other ways to get your taxes done that don’t require you to enter into these contracts
- these other ways to get your taxes done are free.