What’s in this article?
The Ontario Opportunities Fund allows Ontario residents to reduce the provincial debt by making monetary contributions. These contributions are considered a gift to the Crown.
You can participate in the Ontario Opportunities Fund by choosing to contribute all or a portion of your income tax refund, or by sending a cheque or money order, payable to the Minister of Finance.
If you make a contribution to the Ontario Opportunities Fund, you will receive a receipt and will be eligible to claim a non-refundable tax credit on your return for the tax year in which you contributed.
Important: Before you begin, make sure you tell us that you lived in ONTARIO on December 31st of the 2015 tax year, in H&R Block’s tax software. To do this:
- Click the HOME tab.
- Click the ABOUT YOU icon, and click the Your residence link. You will find yourself here:
Once you have confirmed your residence location, enter your contribution to the Ontario Opportunities Fund by following these steps:
- Click the PREPARE tab.
- Click the OTHER icon. You will find yourself here:
- Under the OTHER DEDUCTIONS section, select the checkbox labelled Ontario opportunities fund.
- Click Continue.
When you arrive at the page for the Ontario opportunities fund, enter your information into the tax software.
- Ontario Opportunities Fund (Ontario Ministry of Finance website)