• A Plan to Protect Ontario

  Source: Ontario - Ministry of Finance
  Date: 2026-10-29 18:10:00.0
  Tags: [Ontario, Economy, Taxation, Finance, Trade, Industry]

  Ontario Minister of Finance Peter Bethlenfalvy released the 2026 Ontario Economic and Fiscal Review: A Plan to Protect Ontario, projecting a deficit of $16.9 billion in 2026-27 and a return to a balanced budget in 2029-30. The fiscal plan features an $8 billion Ontario Competitiveness Tax Cut tied to the federal Productivity Mega Deduction, an $8.7 billion Canada-Ontario action plan targeting the steel, automotive, and critical minerals sectors, and nearly $30 billion in cumulative tariff relief and business supports implemented since April 2025. Additionally, the government committed to streamlining 35 to 50 percent of the province's 375 business-facing permits by the end of 2028 and restoring capital expenditures as eligible under the Ontario Research and Development Tax Credit and Ontario Innovation Tax Credit to provide over $50 million in tax support over three years.

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• Province Announces $8 Billion Ontario Competitiveness Tax Cut to Support Investment and Create 30,000 Jobs

  Source: Ontario - Ministry of Finance
  Date: 2026-10-28 14:08:00.0
  Tags: [Ontario, Taxation, Economy, Finance, Trade, Industry]

  The Ontario Ministry of Finance announced the $8 billion Ontario Competitiveness Tax Cut as part of its multi-year Tax Action Plan to counter U.S. tariffs and lower business investment costs. Administered as the provincial counterpart to the federal Productivity Mega Deduction, the policy allows eligible businesses to immediately write off 100 per cent of capital investments in assets such as fibre-optic cables, software, aircraft, machinery, and patents. The measure is projected to drive at least $11 billion in new capital investment, add $6 billion to the provincial GDP, and support the creation of 30,000 new jobs over five years. Combined with prior initiatives from Budget 2026, total business tax relief will exceed $12 billion over five years, reducing Ontario's Marginal Effective Tax Rate to 3.6 per cent.

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• 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.

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• He followed a debunked conspiracy theory to claim a tax refund. So why did the CRA agree to a $40M payout?

  Source: CBC Politics
  Date: 2026-10-16 08:00:00.0
  Tags: [National, Ontario, British Columbia, Taxation, Finance, Public Safety]

  An investigative report by CBC's the fifth estate revealed that individuals following "sovereign citizen" conspiracy theories have successfully defrauded the Canada Revenue Agency (CRA) of millions of dollars in bogus tax refunds due to severe gaps in fraud detection systems. In the summer of 2023, ironworker Jonathon Pearce of Temiskaming Shores, Ontario, filed false tax returns claiming more than $40 million, resulting in the CRA depositing over $10 million into his personal bank account despite internal red flags and a pre-refund phone call where he outlined his anti-tax beliefs. Leaked internal records show nearly $300 million in bogus claims linked to the same tax scheme were identified between May 2023 and January 2024, prompting the CRA to launch criminal investigations and execute search warrants against promoters such as Bernard Yankson and Angela Albright Bowolin in British Columbia.

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• Ontario Investing $49 Million to Strengthen Supports for Small Business

  Source: Ontario - Ministry of Economic Development, Job Creation and Trade
  Date: 2026-09-24 14:00:00.0
  Tags: [Ontario, Economy, Taxation, Industry, Finance]

  The Ontario government is investing a record $49 million over three years into the Ontario Small Business Advisory Centres (OSBAC) network—formerly known as Small Business Enterprise Centres—to provide business support services across more than 50 locations. Backed by Associate Minister of Small Business Nina Tangri, the funding aims to help entrepreneurs navigate economic uncertainty and U.S. tariffs by streamlining access to one-on-one consultations, advisory services, and provincial programs like Summer Company, Starter Company Plus, and Succession Ontario. This initiative is part of a broader economic plan that also includes cutting the small business corporate income tax rate from 3.2 percent to 2.2 percent, saving over 375,000 small businesses up to $5,000 annually and providing $1.1 billion in total tax relief over three years.

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• 'Cool to be Canadian': Leaders optimistic their pitch to invest here will pay off

  Source: CBC Politics
  Date: 2026-09-14 19:59:47.0
  Tags: [National, Ontario, Economy, Taxation, Finance, Trade, Industry, Mining]

  Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract foreign capital and secure $1 trillion in investments amidst trade friction with the United States. Minister of Finance François-Philippe Champagne announced that the Canadian Revenue Agency will prioritize advanced income tax rulings for investments exceeding $1 billion to reduce regulatory risk. The government's 66-page pitchbook featured more than 160 major projects, including Canada Nickel Company's Crawford nickel project, which is seeking $2 billion in funding.

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