When federal and provincial/local revenue shares are combined, the tax revenue-to-GDP ratio is close to 40 per cent.
Government Spending & Taxes
October 6, 2017
8:48AM
The 10.5 per cent small business tax rate on the first $500,000 of income creates an incentive for many Canadian firms to stay small.
October 4, 2017
11:00AM
In the last 37 fiscal years, the province has only posted seven budget surpluses.
October 3, 2017
12:53PM
Business owners must spend significant amounts of money on accountants and lawyers to navigate the tax code.
September 29, 2017
8:59AM
In the House of Commons on Tuesday, the prime minister admitted that many middle-class Canadians are now paying more taxes.
September 28, 2017
5:00AM
The Trudeau government is pressing ahead with contentious reform plans for small business taxation.
September 26, 2017
1:27PM
The government eliminated income-splitting for couples with young children.
September 20, 2017
9:51AM
The province is expected to run a $192 million deficit in 2017-18.
September 14, 2017
2:12PM
The budget creates a new, higher top personal income tax rate of 16.8 per cent.
September 11, 2017
5:00AM
Ontario’s net debt will rise to a projected $336 billion.
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