For Mississauga-Streetsville Provincial Liberal Members
Info and resources for Liberal members
On January 1, 2010, Ontarians will see their taxes go down permanently. Seniors will receive more than double their previous senior property tax credit. Ontario's Small Business Surtax will be eliminated permanently, the only province in Canada to do so.
Ontario will enact the tax cuts and benefit increased. The Government of Canada will raise the GST in Ontario from 5% to 13%. With British Columbia adopting fundamently the same reforms, and Quebec, Nova Scotia, Newfoundland and New Brunswick already there, Canada will be most of the way toward the far more efficient and cost-effective value-added taxation model in use in more than 140 other countries.
Many of the articles, links and downloadable files have been published to three Yahoo! Groups. See right and check them out.
The best place to find out about Ontario's tax reforms, tax cuts and the Harmonized Sales Tax is the Ontario Ministry of Revenue web site.
University of Calgary's Prof. Jack Mintz, Dean of the School of Public Policy, published a peer-reviewed study in November, 2009 analyzing Ontario's tax changes. Click to read it. It concludes that within ten years, Ontario's policies will: increase capital investment by $47 billion; increase annual incomes up to 8.8%, or $29.4 billion; and create an estimated 591,000 net new jobs.