The province's program spending will reach $193.0 billion this year—an increase of $2.3 billion from the budget tabled in March.
The province's top combined income tax rate is 54 per cent.
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
Nine of the provinces are in the top 10 jurisdictions in North America with the highest personal income tax rates.
The Trudeau government raised the top income tax rate from 29 per cent to 33 per cent.
By eliminating several tax credits, Ottawa increased income taxes for many Canadians.
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
The Wynne government’s “Fair Hydro Act” borrows money, which must be paid back, to lower energy costs.
The latest tax increase is the payroll tax hike that will be used to finance CPP expansion.