Budget & Economy Tax Cuts

Reduce small business tax rate by 8.7% (from 3.5% to 3.2%) in their first budget

Jun 2019

Ontario Budget 2019: Chapter 1, Section D: Open for Business, Open for Jobs

Ontario Budget June 11, 2019

The budget reaffirms the government's commitment to reduce the small business tax rate by 8.7%, but it did not do so in the budget nor provide any timelines for when that cut will be made. Because the reduction wasn't in the first budget as promised, the commitment is broken.