News and Insights

Ontario Retail Sales Tax Guide Number 700, “Refunds, Rebates and Adjustments”

Tax Development Jun 15, 2008

The province recently renamed and revised this bulletin to include a distinct section discussing various types of rebates of tax. A rebate refers to tax that was properly paid and is subsequently returned to the purchaser under a rebate provision in the Retail Sales Tax Act. In contrast, a refund refers to tax that was paid in error. This guide has also been reformatted for consistency and ease of use.