ISSN 1206-7105
This volume of the IFTA NewsFlash includes information about:
- 2010 annual licence and decal renewals
- Your new IFTA Quarterly Tax Return
- Using ONT-TAXS online to file, pay and view your IFTA account(s) online
- Upcoming online information sessions
- Interest rate & charges
2010 Annual Licence and Decal Renewal
Your 2009 IFTA licence and decals will expire on December 31, 2009.
The Annual IFTA Decals Renewal for 2010 form will automatically be mailed to all eligible IFTA registrants in October 2009. For you to be considered eligible to automatically receive the annual renewal form, you must:
- have filed all your IFTA quarterly returns
- have remitted all payments to Ontario to cover the liability for all IFTA member jurisdictions have a licence that is not revoked or cancelled
- have interjurisdictional operations over the last year, and
- be compliant with all ministry tax programs.
To renew your licence and request decals for 2010, complete and return the Annual IFTA Decals Renewal for 2010 form that is mailed to you or use our online tax service (ONT-TAXS online) before December 31, 2009. If you are mailing your renewal and/or payment, your cheque should be made payable to the Minister of Finance.
If you are adding vehicles to your fleet during the registration year that were not included on your annual renewal form, please complete a Request for Additional IFTA Decals form or use ONT-TAXS online to request additional decals.
IFTA Quarterly Tax Return Gets a New Look
In the last volume of the IFTA NewsFlash (Vol. 26), we made you aware of some changes and improvements to the IFTA Quarterly Tax Return that will make it easier for IFTA carriers to comply with Ontario's tax laws. Detailed information and instructions can be found in the International Fuel Tax Agreement (IFTA) Quarterly Tax Return and Schedule Guide included with your September 2009 return.
If you are a carrier or service provider who previously created your own version of the IFTA return or submitted the return using spreadsheets, you no longer need to do this. To make it easier, you can now use ONT-TAXS online to file your returns and more.
Please contact us if you have any questions about the new IFTA return. You can also find information on the IFTA guide and previous volumes of the IFTA NewsFlash on the ministry website at ontario.ca/revenue.
A Secure, Convenient and Free Way to Access your IFTA Account(s)
ONT-TAXS online is the Ministry of Revenue'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 now 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
Easy-to-use features
Let ONT-TAXS online do the math – and more – for you! When you file your return online, the system will automatically look up jurisdictional tax rates and calculate your 'Average Kilometres per Litre' (KPL). To make it even easier, you also have the flexibility to provide online access to your employees or representatives, such as an accountant or bookkeeper.
Getting started is fast and easy!
Visit ontario.ca/revenue or call us at 1 866 ONT-TAXS (1 866 668-8297).
Need help completing your new IFTA return? Sign up for one of our online training sessions today!
Join us at one of our online training sessions to learn more about completing your new IFTA return. A ministry representative will explain the new features of the return as well as what's changed and what's stayed the same. You will also see first-hand some of the easy-to-use features of ONT-TAXS online. You won't want to miss this!
Email ONT-TAXS.training@ontario.ca to register for one of the October sessions.
Interest Rate & Charges
The current interest rate effective July 1, 2009 to September 30, 2009 applicable to any:
- outstanding tax liability, and
- refund not paid within 90 days is 3%.
The interest rate effective October 1, 2009 to December 31, 2009 will remain at 3%.
If a return and full payment are not received by the due date, interest will be charged to the last day of the month in which full payment is received. Interest rates are reviewed every quarter.
Further Information
Ministry of Revenue
International Fuel Tax Agreement
33 King Street West
PO Box 625
Oshawa ON L1H 8H9
Website: ontario.ca/revenue
Telephone: 1 866 ONT-TAXS (1 866 668-8297)
Teletypewriter (TTY): 1 800 263-7776
Fax: 905 433-5680
