Ontario Celebrates Small Business Week

Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-10-19 14:00:00.0
Tags: [Ontario, Economy, Taxation, Finance, Industry, Labour]

In recognition of Small Business Week, Associate Minister Nina Tangri highlighted that Ontario's over 500,000 small businesses employ nearly 2.5 million people. The 2026 Ontario Budget cut the small business corporate income tax rate from 3.2 per cent to 2.2 per cent, providing $1.1 billion in relief and up to $5,000 in annual savings to over 375,000 small businesses. Additionally, the government is investing a record $49 million over the next three years in the Ontario Small Business Advisory Centres (OSBACs) network across more than 50 locations, alongside ongoing investments in Futurpreneur and Summer Company.