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Ontario to include expanded manufacturing tax credit in upcoming budget

Published May 5, 2025 at 6:50pm

The Canadian Press
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The Canadian Press
Ontario to include expanded manufacturing tax credit in upcoming budget

Ontario Premier Doug Ford, bottom right, shakes hands with Finance Minister Peter Bethlenfalvy, left, after he provided an economic update, which serves as a mini budget at Queen's Park, in Toronto, Wednesday, Oct. 30, 2024. THE CANADIAN PRESS/Nathan Denette GAC

Ontario Finance Minister Peter Bethlenfalvy has offered a first glimpse at his upcoming budget, announcing an expanded Ontario manufacturing tax credit.

Bethlenfalvy says that his budget, set to be tabled May 15, will propose increasing the Ontario Made Manufacturing Investment Tax Credit rate from 10 per cent to 15 per cent.

The tax credit was first announced in the 2023 budget, and applies to Canadian-controlled private corporations with a permanent location in Ontario.

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