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The Ontario Health Premium (OHP) is a component of Ontario's Personal Income Tax system. The OHP is based on taxable income for a taxation year. As of May 2010, an Ontario resident with taxable income (i.e., income after subtracting allowable deductions) of $21,000 pays $60 per year. With a taxable income of $22,000, the premium doubles to $120.
Keep in mind that paying taxes with a credit card comes with a service fee of between 1.96% and 1.99% of the transaction cost. Here's how it breaks down: ACI Payments, Inc.: 1.99% of the ...
Currently in Ontario, people with an annual taxable income above $20,000 must pay an annual health care premium ranging from $60–$900. [72] Funding for health care in Ontario also comes in part from a dedicated Employer Health Tax (EHT) that ranges from 0.98 percent to 1.95 percent of employer payroll. [73]
Surcharge (payment systems) A surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card or debit card (but not cash) which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [1]
Additionally, paying your taxes with a credit card can turn this mandatory expense into an opportunity. “If you owe a couple thousand dollars for example, getting 3% cash back on that means $30 ...
Image source: Getty Images. Lots of popular credit cards charge an annual fee. They usually have more than enough benefits to make the fee worth it, but only if you can use those perks. If you're ...
v. t. e. A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit. Using the card thus accrues debt that has to be repaid later. [ 1] Credit cards are one of the most widely used forms of payment across the world. [ 2]
5 ways to use your company credit card responsibly. Using your company credit card the right way can show your employer that you can be trusted with it in the long run. To help you use your card ...