Gasoline used in unlicensed business equipment

Type
TAX CREDITS
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed specifically for businesses like yours that use gasoline for unlicensed equipment in farming, construction, or manufacturing. By applying, you can get a refund on the gasoline tax you have paid, which can significantly reduce your operating costs.

Why Apply?

  • Financial Relief: Get a refund on the gasoline tax, putting money back into your business.
  • Simple Process: The application is straightforward, and for refunds under $500, you don't need to send supporting documents.
  • Long-Term Benefits: Keep accurate records, and you can claim refunds for up to four years from the date you paid the tax.

What's in it for You?

  • Cost Savings: Reduce your expenses by reclaiming the gasoline tax.
  • Easy Qualification: If you meet the criteria, qualifying is straightforward.
  • Support for Growth: Use the refunded money to reinvest in your business, whether it's for new equipment or other operational needs.

Applying for this program can provide your business with much-needed financial relief and support, making it a valuable opportunity to enhance your operations.

Financing Details

Type of Financing: Refund

Eligible Expenses:

  • Gasoline used in unlicensed equipment for farming, construction, or manufacturing.
  • Gasoline used for business, industrial, or institutional purposes in Ontario.

Use of Funds:

  • Funds can be used to refund the gasoline tax paid on eligible gasoline purchases.
  • The gasoline must be used in equipment that is not licensed or required to be licensed under the Highway Traffic Act.
  • Equipment must not be used for recreation or pleasure.

Ineligible Uses:

  • Funds cannot be used for gasoline used in licensed vehicles.
  • Gasoline used for recreational or pleasure purposes is not eligible.

Fees:

  • No fees are associated with applying for the refund.

Qualifications

  • Must use gasoline in Ontario for business, industrial, or institutional purposes.
  • Must have paid tax to Ontario on the gasoline used.
  • Equipment used must not be licensed or required to be licensed under the Highway Traffic Act.
  • Equipment must not be used for recreation or pleasure.
  • Must keep all records of gasoline use to support the refund claim.
  • Must apply for the refund within four years from the date the tax was paid.

  • Disqualifications:

    • Equipment used for recreation or pleasure.
    • Equipment that is licensed or required to be licensed under the Highway Traffic Act.

Description

If your business buys gasoline for unlicensed equipment used in farming, construction, or manufacturing, you can get a refund on the gasoline tax you paid. This program is designed to help you save money on essential fuel costs.

You can use this refund for:

  • Farming equipment
  • Construction machinery
  • Manufacturing tools

Key benefits:

  • Refund on gasoline tax: Get back the tax you paid on gasoline used for business purposes.
  • Easy to claim: Keep records of your gasoline purchases and usage, and you can apply for the refund within four years.
  • No payback required: This is a refund, not a loan, so you don't have to worry about repayment.

By taking advantage of this program, you can reduce your operating costs and invest more in your business. Keep accurate records, and you can reclaim the gasoline tax you’ve paid, making your business more efficient and profitable.

Program Steps

  1. Download the Application Form:

    • Obtain the "Application for Refund Tax Exempt Usage (TEU)" form from the Ministry of Finance website.
  2. Prepare Documentation:

    • Gather the following documents to support your application:
      • Gasoline issue sheets.
      • Individual tickets or receipts that record the amount of gasoline used for unlicensed business equipment.
  3. Complete the Application:

    • Fill out the application form accurately. Follow the instructions provided on the form.
  4. Include Supporting Documents:

    • For refunds over $500 in a calendar year, include all supporting documents with your application.
    • For refunds of $500 or less, keep your records for seven years in case of an audit, but you do not need to send them with your application.
  5. Mail the Application:

    • Send your completed application and supporting documents (if applicable) to:

      Ministry of Finance 33 King Street West PO Box 625 Oshawa ON L1H 8E9

  6. Retain Copies:

    • Keep a copy of the completed application and all supporting documents for your records.
  7. Maintain Records:

    • Keep all records to support your refund claim for seven years after you apply. This includes gasoline issue sheets and receipts. An auditor may verify your claim by checking these records if selected for an audit.
Visit Program Website