1. References

Tax rebate discounting is a process in Canada where a tax preparation firm purchases the right to the anticipated tax rebate in exchange for a percentage of the rebate amount. Canada Revenue Agency (CRA) rules ^[1] establish the maximum discounting fee at 15% of the first 300 C$ ($45) plus 5% of any remaining refund. No other fees for preparation or filing the return are permitted. The discount works out to a high effective interest rate. However, in some cases the discount is comparable to, or cheaper than, the firm's fee for preparing an ordinary tax return.

Tax rebate discounting in Canada is regulated under the Tax Rebate Discounting Act.^[2] All discounters must be registered with the CRA and comply with all requirements for record-keeping.

This process is somewhat similar to a refund anticipation loan in the United States.

References

• The Boarding School
• The Boarding School (disambiguation)
• The Boardman
• The Board of Directors (album)
• The Boardwalk at Hersheypark
• The Boardwalk (disambiguation)
• The Boar's Head
• The Boating Party Lunch
• The Boatmen of Thessaloníki
• The boat of a million years
• The Boat of Charon
• The Boat Show
• The Boat that Rocked
• The Boat That Rocked
• The Boat That Rocked (soundtrack)
• The bob and sheri show
• The Bobby Bones Show
• The Bobby Moore Fund
• The Bobby Moore statue
• The Bobby Van Trust
• The Bobby & Wullie Show
• The Bob Durgin Show
• The Bob Dylan Encyclopedia
• The Bob Hawke Prime Ministerial Centre
• The Bob Hope Show