Canadian Manufacturing

Province eyes tax cuts, public payroll in stern budget

by Staff   

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How the 2012 Ontario budget impacts businesses, their owners and their employees.

TORONTO—Businesses large and small are being asked to grin and bear a delay in tax reductions and programs while the Ontario government spends the next few years taking the hack-saw–and maybe even pepper spray–to its public sector payroll.

With the highly anticipated provincial budget, Dalton McGuinty let his Finance Minister Dwight Duncan be the face of a particularly tough fiscal plan that proposes to save $17 billion over three years and increase revenue by $4.4 billion without hiking taxes.

If enacted, the oft-referenced Austerity Budget is a complex document that will impact businesses and business people in several ways.

Here are some details. Check back for frequent updates:


This detailed Ontario Budget 2012 Breakdown is a bit long, but has it all.

Here’s a business tax breakdown, plus a hit on your energy bill

Harper minion Goodyear makes killer research announcement, saves puppy, gives McGuinty a “noogie.”

Premier McGuinty open to budget suggestions

Provincial budget doesn’t please Ontario truckers


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