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.
A nominal spending freeze could free up approximately $20 billion.
Lower business taxes tend to result in higher wages for employees.
Ontario’s top combined provincial-federal tax rate is 53.53 per cent—the second highest in Canada and the United States.
Premier Wynne can now finish what Premier McGuinty started.
The Wynne government plans to raise the minimum wage to $15.