To read key updates from Canada’s 2023 provincial budgets, please navigate toKey Changes | 2023 Canadian Federal and Provincial Budgets. If you have any questions about how these proposed changes might impact your organization, please do not hesitate to contact the RyanTaxDirect®line at 1.800....
The provincial government said it would have projections on how much revenue the tax would generate for Ontario “in the coming months.” This report by The Canadian Press was first published Nov. 3, 2023.
Alternatively, if the tax cut promises were delayed, provincial spending could be increased 1.4 per cent a year, in line with what the Liberals did during their austerity phase. That would mean fewer program cuts. While Weltman’s report offers a wealth of new d...
Bethlenfalvy opted to not only sign on to Ottawa's 12 per cent vape tax hike but also implement a new provincial excise tax to match it. This means that duties on the commodity are now 124 per cent higher in Ontario than they were pre-July 1, measured on a volume basis. Though the...
The study found that as of December 31, 2008, Quebec and Ontario have the least small business-friendly provincial tax systems while Alberta has the highest. Catherine Swift, president, CFIB, said that it is not a good sign that provinces, which make up 60% of the total economy form the...
The cost of purchasing property in Ontario has become steeper for non-residents. On October 25, the provincial government increased theNon-Resident Speculation Tax(NRST) from 20 per cent to 25 per cent. This is thesecond tax bumpto the NRST in the last year. ...
“Premier Ford can only speak on behalf of Ontario, but its an area of provincial jurisdiction that we would certainly look at,” Lee said in an email. Lee noted Ontario powered 1.5 million homes in the U.S. in 2023 and is a major exporter of electricity to Michi...
“Premier Ford can only speak on behalf of Ontario, but its an area of provincial jurisdiction that we would certainly look at,” Lee said in an email. Lee noted Ontario powered 1.5 million homes in the U.S. in 2023 and is a major exporter of electri...
Once the provincial government legalised online gambling and opened the market in Ontario. The AGCO remains the authority that issues licences to operators. Gaming Authorities in Ontario Within Ontario, the gaming industry is managed by different government authorities: ALGO, OLG and iGaming Ontario ...
Toronto: Land Transfer Tax City Council approved a new graduated Municipal Land Transfer Tax in 2023 that includes additional thresholds for high-value residential properties containing at least one, and not more than two, single-family residences. These updated rules take effect January 1, 2024. ...