Ontario -> Budgets
All tax measures are subject to legislative approval.
See 2021 Economic Outlook and Fiscal Review on the Ontario website.
Annex: Details of Tax Measures and Other Legislative Initiatives - for complete details
Proposed Personal Tax Measures
Proposed Property Tax Measures
Proposed Personal Tax Measures
Proposed Business Tax Measures
There are many other measures in the budget - see Ontario Budget Table of Contents for all details.
on Ontario website
The Ontario March 2020 Economic and Fiscal Update was released on March 25, 2020.
Many other measures - for complete details see above link and Ontario Action Plan
2019 Fall Economic Outlook and Fiscal Review November 6, 2019 - on Ontario website.
Small business corporate income tax rate to be reduced to 3.2% from 3.5% starting January 1, 2020.
The small business (non-eligible) dividend tax credit rate will be reduced to 2.9863% from 3.2863% effective January 1, 2020. See Ontario Dividend Tax Credit for Non-Eligible Dividends. The 2020 Tax Rate Tables have been revised, as has the Basic Income Tax Calculator.
Reduce aviation fuel tax rate in the North to 2.7 cents per litre from 6.7 cents per litre.
Business/Personal Tax Measures:
2017 Ontario Fall Economic Statement - on Ministry of Finance website
Bill 177, Stronger, Fairer Ontario Act (Budget Measures), 2017 was tabled on November 14, 2017 and received Royal Assent on December 14, 2017.
Ontario 2017 Budget - April 27, 2017
Ontario 2016 Budget - February 25, 2016
Ontario 2015 Budget - April 23, 2015
Above link is to Ontario Budget website. See also Chapter 4: A Fair and Sustainable Tax System.
There are no changes to the personal income tax system. The main tax-related provisions in the budget are:
Ontario 2014 Budget - May 2, 2014
Ontario 2013 Economic Outlook and Fiscal Review - November 7, 2013
The Ontario government announced revisions to both eligible and non-eligible dividend rates. Another change is that the Ontario surtax, starting in 2014, will be calculated before deducting dividend tax credits. By doing so, all taxpayers get the same amount of dividend tax credit. Previously, the surtax was applied after these tax credits were deducted, thus increasing the tax credits for high income earners by as much as 56%.
Ontario 2013 Budget - May 2, 2013
Ontario 2012 Budget - March 27, 2012
Ontario 2011 Budget - on Ontario Dept of Finance website
It is planned to combine 3 refundable tax credits - Ontario Sales Tax Credit (OSTC), Ontario Energy and Property Tax Credit (OEPTC) and Northern Ontario Entergy Credit (NOEC) into the Ontario Trillium Benefit (OTB). These payments would be combined, and paid out on a monthly basis.
Previously planned corporate tax reductions will reduce the general corporate tax rate to 10% in 2013. See our tables of corporate tax rates.
Ontario 2010 Budget - on ON Finance website
- no new income tax changes announced.
Revised: November 21, 2021
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