Building Ontario's Economy

"Our government is delivering results by strengthening Ontario’s economy, protecting jobs and helping families and businesses keep more of their hard-earned money. Since 2018, provincial revenue has grown by $77 billion without raising taxes. Now, Ontario is cutting the small-business tax rate from 3.2% to 2.2%, which is a 31.25% reduction that will provide $1.1 billion in relief to more than 375,000 businesses and save eligible businesses up to $5,000 a year.

We are also protecting jobs and creating new opportunities for Ontario businesses. Through the Ontario Together Trade Fund, 89 companies have invested nearly $1 billion, helping protect and create more than 10,000 jobs. In July alone, Ontario added 52,000 jobs, nearly 70% of Canada’s job gains, and 119,000 over four months. By signing agreements with 10 provinces and territories, Ontario is helping unlock up to $200 billion in economic potential and giving businesses greater access to Canada’s $324-billion internal trade market.Our government will continue protecting Ontario jobs, lowering costs and building a more competitive economy."

MPP Effie Triantafilopoulos