2017 Ontario Budget Commentary

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April 28, 2017

2017 Ontario Budget Commentary

Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017.
The deficit for the 2016-17 fiscal year is projected to be $1.5 billion, with a balanced budget projected for 2017-18, 2018-19 and 2019- 20.

Topics include:

Measures Affecting Individuals

Personal Income Tax Rates Ontario Seniors’ Public Transit Tax Credit Ontario Caregiver Tax Credit Medical Tax Credit for Fertility-Related Expenses Multijurisdictional Tax Filers Postsecondary Education

Measures Affecting Businesses

Corporate Income Tax Rates Employer Health Tax Avoidance

Other Taxes

Hotel Tax Tobacco Tax Enhancements to the Canada Pension Plan Property Tax Measures Income Tax Avoidance/Strengthening Ontario’s Tax System

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The information contained herein is for information purposes only and is not intended to be complete in all respects. It is a summary of budget materials released by the Ontario Ministry of Finance. It is not certain if all or parts of these materials will become law. We recommend that you consult with a Collins Barrow tax professional before acting on the basis of material contained herein.

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2017 Ontario Budget Commentary

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