Status Card Tax Exemptions ON
Status Card tax exemptions in ON are applicable for gasoline tax and harmonized sales tax (HST) when First Nations purchase fuel on-reserve. Retailers in ON receive refunds on fuel taxes exempted for customers.
Save time with electronic native tax exemptions today
Tax Exemptions for First Nations in ON
Provided that First Nations retailers have registered with the Ontario Ministry of Finance to provide tax exemptions on gasoline taxes, they may sell tax exempt fuel products.
In order to receive the appropriate tax refunds with an electronic system, retailers must enter their customers’ Status number into the POS system. The system would then validate the individuals’ eligibility and automatically calculate and take off the appropriate taxes. Once the transaction is finalized and the customer has paid, the POS system would electronically submit the voucher for the exemption directly to the Ministry of Finance. Retailers would then receive the appropriate refunds.
Electronic Status Card Tax Exemption Benefits
Save Time
Reduce the time you spend doing exemption paperwork. Save over an 1 hour on paperwork every day. An electronic tax exemption solution can undoubtedly help cut down on the hours of manual paperwork needed.
Combine Functions
Improve your operations and throughput significantly. Since using a POS-based native tax exemption system means compiling all functions into one, retailers get more accurate data. From litre readings to tax calculations, you'll be able to control it all.
Comprehensive Reports
Make your end of day is easier with comprehensive reports. Exemption documentation coupled with powerful inventory and sales reports means retailers can access all their paperwork at a single point. As a result, processes and audits will become a breeze.
Reduce Variance
Get peace of mind that you're getting your full tax refund every time. In other words, reduce the variance between what you claim and what you receive. Using an electronic system means that you no longe have to worry about writing things down properly every time.
Indian Status Tax Exemptions 101
Take a look at our comprehensive guide on each provincial tax exemption system. Each province operates under a different system with different requirements. Learn more about the regulations and requirements in Ontario today.
Interested in upgrading to electronic exemptions?
Take a look at our point of sale system for electronic status card tax exemptions.
Cut your paperwork down by over 8 hours a week by switching to iPOS for ITE