Tax Information Bulletin
January 2003
ISBN: 0-7794-4224-5
Introduction
Due to changes made by the Canadian Payments Association (CPA), the Ministry of Revenue cannot process cheques over $25 million. To enquire about electronic tax payment option(s), for payments exceeding $25 million, please call the number listed below.
Background
The CPA has introduced a $25 million ceiling for cheques, bank drafts and other paper-based items to be processed through Canada's clearing system, effective February 3, 2003. The objective of their initiative is to ensure certainty of settlement which enhances the safety and stability of the Canadian payments system, and reduces risks for businesses and other organizations involved in large value transactions. Details are available on CPA's Internet site: www.cdnpay.ca.
Tax Compliance
It is your responsibility to ensure that all payments and returns are received by the Ministry of Revenue by the due date. Payments and returns received after the due date may be subject to penalties and interest.
Payment Option Enquiry Contacts
| Tax/Program | Contact |
|---|---|
|
Manager - Accounting Operations |
|
Manager - Analysis and Program Development |
|
Service Manager |
|
Manager - Business Services |
|
Manager - Accounts and Business Support |
Questions
Please call the ministry
- Toll-free: 1 866 ONT-TAXS (1 866 668-8297)
- Teletypewriter (TTY): 1 800 263-7776
Tax Information
- For other Ontario tax related enquiries, please contact an Ontario Ministry of Revenue Tax Office. The office locations and numbers are listed in the blue pages of your telephone directory under 'Taxes Province of Ontario'.
- Or visit our website: ontario.ca/revenue
