Tax cuts coming in Ontario
Posted Jan 2, 2010 07:14:25 AM.
This article is more than 5 years old.
The McGuinty government says 93 per cent of Ontario income taxpayers will get a permanent tax cut this year.
The province is cutting the first income bracket tax rate by one percentage point to 5.05 per cent.
The government says that means an additional 90-thousand lower income earners will no longer pay any provincial personal income tax.
It’s hoped the tax plan will help create 591-thousand jobs and make Ontario more attractive for new business investment.
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