2016 Ontario Budget

Key Highlights:

  • Lowering Business Costs
  • Maintaining a Corporate Income Tax Rate of 11.5%
  • Elimination of the Capital Tax
  • Accelerated Depreciation on manufacturing and processing equipment
  • Increasing the EHT exemption threshold from $400,000 to $450,000
  • Cap and Trade Costs
  • Gasoline increases by 4.3 cents per litre
  • Natural gas prices increase by 3.3 cents per cubic metre
  • WSIB Reduction of approximately 15% by the year 2022.
  • Tuition Assistance

Click the image or here to view the 2016 Ontario Budget

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