If the net result is an underpayment, you will send one payment to Ontario. If the net result is an overpayment, you will receive one refund from Ontario. IFTA tax returns must be postmarked or hand delivered by the due date, which is shown on the top of every return.
The reporting quarters and due dates are:. Read on: how to complete your International Fuel Tax Agreement tax return and schedule. You can also write to the Ministry of Finance and request your account be cancelled. In your letter, state the last day of business.
The ministry will notify all IFTA member jurisdictions of your cancellation. In the absence of a valid IFTA license, qualified vehicles must obtain separate single trip permits prior to any interjurisdictional travel. You will be informed of any security requirement once you have:. More about licensing. All interjurisdictional carrier vehicles weighing more than 11, kg should also register under the International Registration Plan.
This plan allows for the distribution of registration fees for commercial motor vehicles traveling through more than one member province or state. Read on: International Registration Plan. To obtain the most current version of this document, visit ontario. What is IFTA? Registering gives you the benefit of: having one IFTA licence to allow travel in all member jurisdictions, and dealing with one jurisdiction for the reporting and payment of motor fuel taxes.
Registering for IFTA You should register for IFTA with Ontario if: your commercial vehicle is a motor vehicle used for business purposes and: has two axles and a gross vehicle weight or registered gross vehicle weight of more than 11, kg 26, pounds three or more axles regardless of weight, or a total registered gross vehicle weight of more than 11, kg 26, pounds when used in combination with a trailer.
Transporting goods for someone else When you transport goods for someone else, a contract may hold the carrier and not the vehicle owner responsible for interjurisdictional reporting and payment of fuel taxes. Interest Interest is assessed on all delinquent taxes for each month or fraction of a month beginning on the first day after the due date.
The current annual interest rate is 5 percent and the monthly interest rate is 0. For more information about penalties, interest and refunds, read our FAQs. Reporting and Payment Requirements Select the amount of taxes you paid in the preceding state fiscal year Sept.
For April through June, the due date is July 31st C. The due date is October 31st, for July through September D. For October through December, the due date is January 31st Does This Sound Confusing? TruckingOffice on February 18, at am. Feel free to start a 30 day free trial at truckingoffice. April on July 29, at am. Are these reports filed per truck or per fleet Reply. Allen Campbell on July 29, at am. Submit a Comment Cancel reply Your email address will not be published.
Search for:. Free Load Profit Calculator for Truckers. Recent Posts New in Trucking? Get Started. Apply Now. What do you need for your IFTA quarterly tax report? In order to put together a quarterly IFTA report, you will need these key ingredients: Fuel receipts — Itemized total gallons of fuel purchased in each state or jurisdiction 48 states in the U.
Mileage records — Track the miles you have traveled in each state or jurisdiction, specify total mileage, total mileage per trip, and total mileage per jurisdiction. Trip reports — Include beginning and end trip dates, travel routes, trip origin, and destination. Where can you find IFTA tax rates? When are IFTA quarterly reports due?
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