In your IFTA tax return, you show how much taxable fuel you bought and how far you travelled in each country. They will be weighed against the amounts due in other jurisdictions. If the net result is underpayment, send a payment to Ontario. If the net result is an overpayment, you will receive a refund from Ontario. Under the IFTA, interjurisdictional carrier reports the amount of fuel consumed and the distance travelled in the different jurisdictions. Member States cooperate to track, remove and divide taxes on fuels such as petrol, diesel, propane, diesel, methanol, ethanol, natural gas and biodiesel. The IFTA Tax Rate Matrix is the official source of all IFTA fuel tax rates. You will be charged a penalty if you submit your return late. The fine is 50 usd or 10% of unpaid taxes, depending on their value. If your qualified vehicle only travels occasionally to more than one IFTA member country, you can obtain a travel authorization for each jurisdiction to meet your fuel tax obligations.
You must submit your IfTA (International Fuel Tax Agreement) returns electronically. If your return results in a balance due, you have the choice between paying by credit card or making an electronic payment (ACH Debit). Each member jurisdiction determines its own tax rate. Intergovernmental airlines based in Texas declare the fuel tax paid in all Member States. Tax rates for current and past periods are available on IFTA Inc. After registration, an air carrier must file a quarterly tax return with the Tax and Tax Administration (TRA) and report all fuel purchased and kilometres travelled for all its IFTA vehicles. is a cooperation agreement between Canadian provinces and most U.S. states to allow inter-judicial air carriers to report the fuels they use and pay taxes.
Qualified commercial vehicles operating in more than one U.S. state or Canadian province must submit a consolidated report on fuel taxes (for example, gasoline. B, diesel, liquefied natural gas, compressed natural gas and liquefied natural gas). IFTA is an agreement between the United States (excluding Alaska and Hawaii) and the Canadian provinces (excluding Northwestern Territories, Nunavut and Yukon) to facilitate the communication of fuels used by airlines operating in more than one country.