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Thursday March 29, 2018

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2018 Ontario Election

Highlights of the 2018 Ontario Budget

KPMG's Tax News Flash reveiws this 2018 Campaign Budget

Ontario’s Finance Minister Charles Sousa delivered the province’s 2018 budget on March 28, 2018. The budget anticipates a surplus of $0.6 billion for 2017-18 and deficits of $6.7 billion for 2018-19 and $6.6 billion for 2019-20.

The budget includes changes to Ontario’s personal income tax rates and brackets and elimination of the surtax. No changes to corporate income tax rates are included but the budget provides increased tax credit rates for the Ontario Research and Development Tax Credit and the Ontario Innovation Tax Credit for qualifying companies.

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ISSN 0824-45
Copyright, 2018

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