Ontario -> Budgets - > Ontario 2020 Budget
Ontario 2020 Budget - November 5, 2020
Business Tax Measures
 | Employer Health Tax (EHT) $1 million exemption will be in effect for the 2020 to 2028 years, and starting in 2029 will be adjusted for inflation every 5 years. |
| EHT instalment threshold increased to $1.2 million for tax years beginning after December 31, 2020. |
| Book publishing tax credit restriction to editions of 500+ copies will not apply to literary works published in 2020 or 2021. |
| Standardizing the rate of the Business Education Tax (BET) - proposed maximum 2021 rate is 0.88%. |
Personal Tax Measures
| Seniors' Home Safety Tax Credit |
Other Tax Measures
| property tax exemption for Royal Canadian Legion branches extended to Ontario units of the Army, Navy and Air Force Veterans in Canada for 2019 and subsequent years |
The above are the major tax measures - see the Ontario government website for the complete budget and for the Details of Tax Measures and Other Legislative Initiatives.
Bill C229, Protect, Support and Recover from COVID-19 Act (Budget Measures), 2020 was tabled November 5, 2020.
Government of Ontario Resources
Book Publishing Tax Credit (OBPTC)
Revised: November 06, 2020