The cut would chop the rate by 20 per cent for taxpayers in the second provincial income bracket, at a projected loss of $2.3 billion to the government. ...
Category: Taxes and Benefits
Experts the PCs once cited now criticize funding gap in Tory platform
Kevin Page urges political leaders to be "frank with citizens on what is at stake." ...
Finance minister says foot-dragging by the feds on pot legalization could cost Ontarians
Provinces say they need months between enactment of legalization and start of sales, possibly making a July 1 start date a pipe dream. ...
All three Tory leadership candidates are now firmly anti-carbon tax
Mulroney and Elliott both shifted to a stronger critique of carbon pricing Thursday morning. ...
Explaining the $4.3 billion carbon tax problem in the PC platform
Once you remove the carbon tax the other People's Guarantee promises start to look less certain. ...
What cities, businesses and unions want for the 2018 budget
OPSEU president Smokey Thomas gets floral in his metaphors on the insidious creep of privatization, spreading its seed across sectors. ...
Demonstrators descend on Tim Hortons locations across the province
Politicians, labour leaders and business owners trade barbs over response to the minimum wage hike to $14. ...
Liberal government tackling welfare reform before 2018 election: Minister
The government has promised a new report on social assistance will be a roadmap for reform. ...
Abolish provincial business property tax, C.D. Howe report urges
The think-tank says the levy is "arbitrary," “harmful” to businesses and shrinks the tax base. ...
Province open to a new property tax class for arts and culture groups
The government is inviting the Toronto to add more nuance to its property tax code. ...
Heard: Ontario far outpaces other provinces in consumer debt growth
Report finds province's consumer debt grew more than 5 per cent, towering over the next-closest candidate, New Brunswick. ...
Tory MPP says Liberal policies kill manufacturing jobs
Monte McNaughton blames energy, tax costs for layoffs at Cambridge aeronautics plant but company cites reduced demand alone. ...
Liberals walk the budget tightrope, but Tories say it’s all a circus act
Budget projections appear to be playing out as planned, but Tory finance critic Vic Fedeli calls it an "attempt to pull the wool over Ontarians' eyes when it comes to the real state of our finances." ...
Premier Wynne off to Providence to battle U.S. protectionism
Amid protectionist wave, Kathleen Wynne heads south to stoke Ontario's prosperity engine – already in fourth gear. ...
Province’s pot plan won’t be ready for at least a month
Premier says tax model for regulated marijuana market still being discussed, following finance ministers' meeting and amid countdown to July 2018 legalization. ...
Heard: Finance Minister cites role of domestic speculators in housing market boom
The Minister of Finance is looking at all of his options for tempering the housing market, he said. ...
Wynne government’s anti-road toll stance met with cries of politics, paternalism and flip-flopping
The Premier may have risked her friendship with Toronto Mayor John Tory, but her government is now steadfastly against municipal road tolls. ...
Embattled newspaper industry turns to Queen’s Park for help
In addition to buying up more ad space, Newspapers Canada is pushing Queen's Park to provide tax credits that would assist media companies making a digital shift. ...
Ontario collected $739B in taxes over past decade: Budget office
The FAO’s latest commentary says that most of the cash was shovelled into operating expenses – a cost of $1 trillion over the past 10 fiscal years. ...
Liberals at odds with auditor general over $1.5-billion discrepancy in deficit
At issue is $10.7-billion worth of jointly sponsored pension assets. ...
AMO 2016: Premier pushes municipalities to go public with need for new taxes
“I don’t think that the general public has had the opportunity to have this conversation,” Wynne told reporters. “It’s not something that’s on their radar.” ...
Ontario’s public sector pensions to be pooled, handled by new corporation
The province is also accepting regulatory feedback on pooled retirement pension plans for businesses and the self-employed. ...
Paper pushes for more municipal tax powers as province ponders next move
The Ontario government has been reviewing the Municipal Act, including the tax powers currently wielded by the province’s cities and towns — and plenty of options are still on the table. ...
Thunder Bay, Lambton vie to test minimum income plan
While it’s early days yet, the Ministry of Community and Social Services confirmed it will be handling the implementation of the pilot project, in conjunction with the Treasury Board. ...
Seen: Ontario’s business tax burden second-highest among provinces
The Conference Board of Canada took a deep dive into provincial taxes and found Ontario’s business-tax burden is the second-highest in the country, after only Quebec. The report calculated the tax burden by including ...
Seen: Ontario’s business tax burden second-highest among provinces
The Conference Board of Canada took a deep dive into provincial taxes and found Ontario’s business-tax burden is the second-highest in the country, after only Quebec. The report calculated the tax burden by including ...
Budget 2016: New revenue measures include tax hikes on wine and cigarettes
A cigarette tax hike will come in at the stroke of midnight, and mark-ups on wine are being gradually raised over the next three years. ...
McMeekin says province and municipalities ‘in this together’ on more tax powers
Municipal Affairs and Housing Minister Ted McMeekin is urging cities and towns to spread the word and make it clear they want more revenue tools. ...
Canada Pension Plan grows to $282.6 billion in third quarter
CPPIB reports it generated investment returns of 4.5 per cent for quarter ended Dec. 31, as Canada's largest pension fund benefited from foreign currency gains and a recovery in global stock markets. ...
Heard: Steelworkers ratify deal with eastern Ontario wood company
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ORPP dispute a lesson for feds and provinces, says report
Mowat Centre calls on Finance Minister Bill Morneau to make CRA a jointly run agency. ...
Heard: Former head of dental group calls for more money for dental programs
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Op Ed: A tax on pop – what next, a tax on binge viewing?
CTF Ontario director Christine Van Geyn opposes calls by some health care groups for a tax on soft drinks to discourage consumption of high-sugar beverages. ...
Pan Am chief to get ORPP off the ground
Saäd Rafi's three-year contract includes a $525,000-a-year salary and an annual performance-based bonus of up to 25 per cent. ...
Trudeau government to pave way for Ontario pension plan
Prime Minister-Designate Justin Trudeau visited Queen's Park on Tuesday, just a week after winning a majority of seats in the Oct. 19 election. ...
Heard: UPS Canada workers ratify five-year deal
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Seen: Unifor says U.S. Steel bankruptcy court move affects 300 of its retirees
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Small business survey finds opposition to Ontario pension plan growing
New survey from Canadian Federation of Independent Business finds 90 per cent of small employers oppose Ontario Retirement Pension Plan ...
OLG sells Eastern Ontario gambling business
Deal, valued at $37.4-million, is struck with a consortium controlled by B.C.-based Great Canadian Gaming and is part of OLG’s modernization program. ...
OSAP changes mean students can take grants without loans
Other changes for the 2015-16 school year include students not having to report vehicles when they apply for financial aid and exempting the first $3,000 of students' assets from their financial assessment. ...
Heard: Wynne says reassessed property values ‘a provincial issue’
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CPP fund posts investment losses but grows assets to $268.6 billion
The CPP Investment Board attributes losses to slumping energy stocks and bonds amid economic slowdown in Europe and China. ...
ORPP details released, the critics weigh in
Premier Kathleen Wynne, however, says that the prime minister is 'standing in the way of trying to help us to implement this plan.' ...
Ontario accuses Ottawa of playing politics by ‘obstructing’ ORPP
Finance and associate finance ministers ask the federal government to reconsider its stance not to allow province to enter into a service agreement with Canada Revenue Agency. ...
Government looking to generic drugs to rein in costs
Proposed regulatory changes to the Ontario Drug Benefit Act would encourage people to give generics a try before the province would begin to cover expensive name-brand medications. ...
Heard: Morneau Shepell buys U.S. health benefits company
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Provinces’ debt load ‘is unsustainable,’ federal watchdog warns
Ontario and the rest of the subnational governments face a tough road on debt, health-care costs over the next few decades, according a report form the Parliamentary Budget Office ...
Lack of federal co-operation could change the scope of Ontario’s pension plan, lawyers say
Davies's Jessica Bullock says contributions could be taxable, while Torys's Mitch Frazer says the proposed ORPP might have to be reframed as an RRSP or tax-free savings account. ...
PC leadership fundraising tracker: Brown nearly $500,000 ahead of Elliott
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Breaking down the $3.2 billion in demands school boards say teachers wants
The Ontario Public School Boards' Association says the Elementary Teachers' Federation of Ontario has tabled an initial proposal totaling $3.2 billion, but the union says it hasn't put any monetary position forward. ...
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