Our government will always look to lower costs for businesses so they can invest in their operations, hire new workers, and expand.
As we continue to fight the U.S. tariffs, our government is cutting taxes and red tape, saving businesses $12 billion a year.
This includes cutting the small business corporate income tax by $1.1 billion from 3.2% to 2.2%, saving more than 375,000 small businesses up to $5,000 per year.
We’re also allowing businesses to accelerate the write-off of a broad range of capital investments that would provide over $3.5 billion in income tax relief over four years.
Ontario will continue doing whatever it takes to protect workers and businesses during these unprecedented times.