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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 Saving Businesses $160 Million as WSIB Lowers Premiums
Source: Ontario - Ministry of Labour, Immigration, Training and Skills Development
Date: 2026-10-22 14:00:00.0
Tags: [Ontario, Economy, Labour, Taxation, Trade]The Ontario Ministry of Labour, Immigration, Training and Skills Development announced that the Workplace Safety and Insurance Board (WSIB) will decrease its average premium rate from $1.23 to $1.18 per $100 of insurable payroll, effective January 1, 2027, saving employers a total of $160 million. This reduction applies to over 80 per cent of premium-paying businesses—encompassing approximately 330,000 insured businesses and 5.6 million workers—and lowers Ontario's average WSIB premium rate to nearly 30 per cent below the national average. The initiative is paired with broader provincial economic measures to offset U.S. tariffs, including cutting the small business corporate income tax rate from 3.2 per cent to 2.2 per cent to deliver $1.1 billion in relief, investing $150 million through the Ontario Together Trade Fund, expanding the $1 billion Protect Ontario Financing Program, and allocating $228 million through the Canada–Ontario Workforce Tariff Response.
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Canadian artists grapple with U.S. tariffs, find new buyers amid trade war
Source: Global News Politics
Date: 2026-09-22 10:00:06.0
Tags: [National, Trade, Economy, Culture, Taxation]Following the breakdown of Canada-U.S. trade negotiations under U.S. President Donald Trump's administration, the United States imposed a 50 per cent tariff on Canadian visual arts, crafts, and natural materials, including paintings, sculptures, and jewelry. The Visual Arts Alliance and the Canadian Artists Representation (CARFAC) have called on the federal government to implement targeted financial relief for artists and galleries, establish a GST exemption for buyers of Canadian-made art, and create clear customs policies for temporary art exports. Industry advocates, such as OCAD University President Ana Serrano, are urging Ottawa to treat cultural and creative industries as intellectual property and actively promote them in foreign export markets like Europe to offset losses in the U.S.
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House of Commons returns for fall sitting after turbulent summer
Source: CBC Politics
Date: 2026-09-21 16:59:49.0
Tags: [National, Economy, Trade, Taxation, Governance, Labour]The House of Commons resumes its fall sitting under Prime Minister Mark Carney, with the legislative agenda dominated by U.S.-Canada trade tensions and retaliatory tariffs following the collapse of trade talks. The federal government plans to introduce a productivity "mega-deduction" allowing companies to expense total capital investments, balance the day-to-day operating budget by next year, and advance Bill C-31 to implement 2025 budget tax and defence procurement provisions. Additional legislative priorities include extending the excise tax holiday on gasoline, streamlining major project reviews, modifying the Labour Code, and progressing left-over spring bills concerning under-16 social media restrictions, First Nations drinking water frameworks, and corporate data privacy rules.
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House of Commons is back as Liberals vow ‘significant’ legislation coming
Source: Global News Politics
Date: 2026-09-21 12:19:28.0
Tags: [National, Economy, Trade, Taxation, Labour, Governance]As the House of Commons resumes the fall sitting, Prime Minister Mark Carney and Government House leader Steven MacKinnon have announced plans to introduce significant economic legislation and major changes to the federal labour code. Finance Minister François-Philippe Champagne is preparing to introduce a bill extending relief for the excise tax on fuel alongside an upcoming fall budget. Meanwhile, the federal government faces escalating cross-border trade tensions and tariff disputes with the United States administration under President Donald Trump after trade talks stalled.
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MPs are heading back to Parliament Hill. Here's what to watch this sitting
Source: CBC Politics
Date: 2026-09-20 08:00:00.0
Tags: [National, Economy, Taxation, Trade, Labour, Governance]As Parliament returns for the fall 2026 sitting, Prime Minister Mark Carney's majority government faces a legislative agenda focused on economic growth, upcoming federal budget measures, and trade developments involving the United States and the European Union. Key legislative items include the Building Canada Strong Act to streamline major project reviews, Bill C-31 implementing 2025 budget provisions, tax policy initiatives including a productivity mega-deduction, and amendments to the Labour Code affecting the Canada Industrial Relations Board regarding high-risk work stoppages in export industries. The Liberals hold 173 seats in the House of Commons alongside six vacant seats, while managing ongoing trade fallout with the U.S. administration and proposed closer economic alliances with the European Union.
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Carney to address Liberal caucus after return from Europe
Source: Global News Politics
Date: 2026-09-18 12:25:25.0
Tags: [National, Trade, Economy, Taxation, Defence, Governance]Prime Minister Mark Carney addressed the Liberal caucus in Ottawa ahead of the fall sitting of the House of Commons, which will feature upcoming legislation to enact a fuel excise tax extension announced on September 2. Following a trip to Strasbourg, France, Carney welcomed a historic proposal from European Commission President Ursula von der Leyen for Canada to become the European Union's first associate member. Carney stated he will sign no new deals with the European Union until Canada’s Parliament can vote on them, as part of a broader push to strengthen trade, defence, and people-to-people ties with Europe and reduce reliance on the United States.
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'Momentous decision': Alberta separation could cost up to $170 billion, says U of C report
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-16 17:30:44.0
Tags: [Alberta, Economy, Finance, Governance, Taxation, Trade]A government-commissioned report from the University of Calgary School of Public Policy estimates that establishing an independent Alberta would cost between $50 billion and $170 billion in the first five years following separation. Under a 'smooth' secession scenario, the report projects Alberta would add nearly $210 billion in debt—largely from its share of Canada's national debt—along with short-term GDP contraction and initial per-capita tax increases of over $800. Under a 'difficult' scenario involving adversarial negotiations, Alberta's total debt could approach $442 billion (making up nearly 90 per cent of its GDP) with per-capita wage losses reaching $5,500 and short-term tax increases of $5,400 over the first five years. The findings precede an October 19 vote regarding whether the province should further pursue separation, as overseen by Finance Minister Jason Nixon's office and a five-member advisory panel.
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Carney government introduces mega-deduction tax measure to spur more investment
Source: CBC Politics
Date: 2026-09-15 19:41:51.0
Tags: [National, Taxation, Economy, Finance, Industry, Trade]Prime Minister Mark Carney's federal government announced the productivity mega-deduction tax measure at the Canada Investment Summit, expanding on last year's productivity super-deduction to cover two-thirds of assets. The program allows companies to expense the total cost of new investments across sectors including machinery, equipment, clean energy, and zero-emission vehicles immediately rather than over a project's lifetime. The policy change is projected to cost $36 billion over five years and is estimated to slash Canada's marginal effective tax rate from 13 per cent down to 6.4 per cent, making it the lowest in the G7 to improve tax competitiveness and retain investment during trade tensions.
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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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Saskatchewan Brewers and Distillers Support 50 Per Cent Levy on Alcohol Imports from the United States of America
Source: Saskatchewan - Government News
Date: 2026-09-01 22:00:00.0
Tags: [Saskatchewan, Trade, Economy, Taxation, Industry]In response to a 50 per cent tariff enacted by the United States on Canadian alcohol on August 22, 2026, the Government of Saskatchewan implemented a reciprocal 50 per cent levy on U.S.-origin alcohol imports effective September 8, 2026. The Saskatchewan Liquor and Gaming Authority updated its online ordering system to apply the levy to all United States produced alcohol ordered by retailers as of that date. Several provincial industry leaders—including 9 Mile Legacy Brewing Co Ltd. CEO Shawn Moen, Sherwood Co-op CEO Troy Verboom, Last Mountain Distillery CEO Meredith Smidt, Black Fox Farm & Distillery, and Great Western Brewing Company CEO Micheal Brennan—voiced support for the measure, framing it as an encouragement for consumers to choose locally made products. The provincial government continues to advocate for the removal of cross-border trade barriers and a negotiated resolution.
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Saskatchewan Responds to United States Trade Measures with Levy on American Alcohol
Source: Saskatchewan - Government News
Date: 2026-08-27 21:30:00.0
Tags: [Saskatchewan, Trade, Economy, Taxation, Industry]In response to a 50 per cent tariff enacted by the United States on Canadian alcohol on August 22, 2026, the Government of Saskatchewan announced a reciprocal 50 per cent levy on U.S.-origin alcohol imported into the province. Effective September 8, 2026, the levy will apply to all U.S. produced alcohol ordered through the Saskatchewan Liquor and Gaming Authority online ordering system. Deputy Premier and Minister of Finance Jim Reiter stated that the measure aims to defend provincial industries and exporters while encouraging a return to tariff-free trade.
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