Posted on March 3rd, 2016 in Domestic Tax, General Business

2016 Provincial Budget Commentary


On February 25th, Ontario Finance Minister Charles Sousa and the Liberal government released their budget for the upcoming year. The 346 page budget document shows nearly $134 billion in planned spending, as well as a plan to reduce the annual deficit by 2018. There were a number of announcements, such as free tuition for lower income students, higher prices for cigarettes and wine, and changes to the use of the funds from the cap and trade program.





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