OPINION: Ontario's ‘tax action plan’ should include a 2026 business tax cut |
Provincial business tax rate remains at the level Doug Ford inherited from former premier Kathleen Wynne.
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As a new year dawns, many Ontarians will make resolutions for 2026. Premier Doug Ford’s government has promised to present a “tax action plan” next year to make Ontario’s tax system more competitive. That’s a New Year’s resolution that it should keep, because an ambitious pro-growth tax reform plan is long overdue. And if the government wants to encourage economic growth and competitiveness, the plan should include a substantial reduction in business taxes.
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Ford once recognized the importance of reducing business taxes to help companies compete and thrive. In his initial campaign for premier in 2018, he promised to reduce the province’s business tax rate from 11.5% to 10.5% to help “make sure we have the most competitive region in North America to do business.”........