With yesterday's latest restrictions the the Ontario Business Costs Rebate Program (OBCRP), will be expanded. The OBCRP program will support eligible businesses that are required to close or reduce capacity due to recently announced public health measures. Eligible businesses will receive rebate payments for a portion of the property tax and energy costs they incur while subject to capacity limits.
The rebate amount will be 50 percent up to 100 percent of these costs depending on the degree to which the business is subject to public health restrictions. Eligible businesses required to reduce capacity to 50 per cent, such as smaller retail stores, will receive a rebate payment equivalent to 50 percent of their property tax and energy costs. Eligible businesses required to close for indoor activities, such as restaurants and gyms, will receive a rebate payment equivalent to 100 percent of their costs. The application is not yet open, we will share details when it is.
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 will begin on January 1, 2022 and end on July 1, 2022.
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
