The Rural Voice, 1988-03, Page 71988 BRINGS TWO
IMPORTANT
CHANGES TO THE
ONTARIO FARM
TAX REBATE
PROGRAM
CHANGE NUMBER ONE:
The Ontario Farm Tax Rebate program
now makes two payments a year to farmers
and farm property owners, compared to
one annual payment previously.
CHANGE NUMBER TWO:
Those eligible for the program will receive
two forms to complete—one in the spring
and the second one in early fall. Each must
be completed and returned to obtain each
payment.
Completing the first form will generate a
payment of approximately 50% of the
total 1988 rebate based on the previous
year's eligible tax levy.
Completing the second form will result
in a second payment for the balance of the
property owners' 1988 rebate and
will be based on the owners' actual
1988 eligible tax levy.
WHAT STAYS THE SAME
The Ontario Farm Tax Rebate program is
designed to ease the tax burden faced by
farmers.
Farmers are not required to pre -pay a
portion of their municipal taxes to qualify
for the rebate.
100% of municipal taxes on eligible farm
land and outbuildings may be rebated.
No rebate will be paid for taxes levied on
farm residences and one acre of land.
There will be no reassessment of farm
properties unless changes to the property
that would normally require reassessment
are made.
For more information about the Ontario
Farm Tax Rebate program and the changes,
contact:
Farm Assistance Programs
Branch
777 Bay Street, 12th floor
Toronto, Ontario M5G 2E5
Ministry of
Agriculture
and Food
ONTARIO
Jack Riddell, Minister
David Peterson, Premier
Or call collect (416) 585-6565.
MARCH 1988