Credits, Benefits & Incentives

You can pay less income tax while reducing Ontario's debt by contributing to the Ontario Opportunities Fund. In return, you claim a non-refundable tax credit. It reduces your total tax payable for the year in which you contribute.

How it works

When you contribute to the Ontario Opportunities Fund, you are making a gift to the Crown. Here's how it works:

By direct payment:

1. Make a cheque or money order payable to the Minister of Finance - Ontario Opportunities Fund and mail it to:

   Ontario Financing Authority
   1 Dundas Street West, 14th floor
   Toronto ON M7A 1Y7

2. You will receive a receipt for your contribution for that tax year. For example, if you contribute in 2008, you will report the contribution in your 2008 income tax return. You would file this return by April 30, 2009.

With your income tax refund:

• You can also make a contribution on your tax return using all or a portion of a refund you may be entitled to receive for that year.

  Example: If you make a contribution in 2008 (on your 2007 tax return), you will receive a receipt in February of 2009. You can claim the tax credit for your contribution on your 2008 tax return as a government gift on Schedule 9. The tax credit will reduce your 2008 total tax payable.

Learn more

Read more about the Ontario Opportunities Fund.