It’s important for policymakers to recognize the severity of Ontario’s growth problem, how long-lived it has been, and the challenge of weak business investment that could impede future growth.
Real per-person economic growth was 9.1 per cent in Ontario compared to 26.1 per cent in the rest of Canada.
The Ford government plans to invest $100 million of taxpayer money in technology companies.
Since firms already have powerful incentives not to unfairly discriminate, government efforts encouraging diversity are redundant at best.
High spending levels increase government debt, which raises the spectre of future higher taxes and creates uncertainty for potential investors.
In the City of Toronto, property tax rates for commercial properties were almost four times higher than for residential properties.
Ontario’s top income tax rate is the second-highest in Canada and the United States.
Ontario’s top combined marginal personal tax rate is 53.53 per cent.