HST Ontario Rebate Direct Deposit
According to recent media releases, the last of the Ontario Sales Tax Transition Benefit cheques was set to be deposited on time as of June 10, 2011. Though rotating postal strikes were said not to effect the mailing of HST cheques, some residents have been left to wait for the anticipated rebate. Residents who opted for the direct deposit approach in light of the impending Canada Post strike have also experienced delays in some cases raising some concerns.
While Canada Revenue Agency’s website states that signing up for direct deposit for HST/GST and OSTTB rebates is more efficient, the site also states that if individuals only recently signed up for the rebates to be deposited directly, cheques may still be mailed for this payment until the direct deposit information is processed. For those who already have direct deposit information on file, CRA is expected to deposit the rebate anytime after June 10, 2011 according to their website.
Residents who filed 2010 taxes after May 9, 2011 can also expect delays in receiving the OSTTB rebate cheque as the CRA has cited a processing period of 6 to 8 weeks. This places the receipt of the cheque anywhere between late June and early July.
To further add complications to the situation, although Canada Post initially assured customers that important government cheques would be mailed on schedule, today’s official lock-out announcement will pose increasing delays for all mail across Canada.
In a statement released earlier today (June 14, 2011), Canada Post cited upwards of $100 million in losses by implementing 12 days of rotating strikes nationwide. Rising safety concerns and continued difficulties in negotiations have forced the company to shut down until further notice. Canada Post is said to clear any mail that has remained in their system until June 14 but will not be continuing regular operations until an agreement has been reached.
Canada Revenue Agency has also cited that during a postal strike or lockout, only the core government-issued cheques will be mailed out on the 20th of each month; a slight delay in payments.
The following list are cheques that will continue to make their way to residents during the lockout
(as cited by CRA (http://www.cra-arc.gc.ca/gncy/pstlstrk/menu-eng.html):
- Canada child tax benefit (CCTB)
- Provincial/territorial benefits that are combined with the CCTB:
- British Columbia family bonus
- New Brunswick child tax benefit
- Child benefit for Newfoundland and Labrador, Nova Scotia, Nunavut, Northwest Territories, Yukon, Ontario, and Saskatchewan
- Old Age Security (OAS)
- Canada Pension Plan (CPP)
- Guaranteed Income Supplement (GIS)
Unfortunately for residents who are counting on rebates to assist with every day life, these delays are costly. One can only hope that negotiations will continue with Canada Post and that Canada Revenue Agency will not use the lockout as an excuse for late payments for too long.