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Attention Ontario brokerWOLF Clients! Phasing Out of Recaptured Input Tax Credits in Ontario

Phasing Out of Recaptured Input Tax Credits in Ontario
The first rate reduction as part of the planned phase out of Ontario RITCs took place as of July 1. Any Ontario brokerWOLF clients, updated to version 15.07.01 or later, who were set up to post RITCs in the Accounts Payable Options [5.8.5] and were set to the default value of 8% will automatically have the rate reduction applied the first time a user logs in after July 1. The new rate should be 75% Continue Article