December 9^th – With today's passage of Bill 218, the Ontario Tax Plan for More Jobs and Growth Act, 2009, the McGuinty government will provide individuals, families and businesses with more than  $15 billion in tax cuts over three years.

This legislation is the centrepiece of the McGuinty government's plan to create jobs and return the province to economic growth. In addition to introducing the Harmonized Sales Tax (HST), the bill gives 93 per cent of income taxpayers a permanent personal income tax cut and 90,000 low-income Ontarians will no longer pay any provincial personal income tax. 

Tax cuts for business include reductions in Corporate Income Tax rates for large and small business.  These tax cuts will enhance the benefits of the HST by attracting more business investment into Ontario and creating close to 600,000 new jobs.

The McGuinty government's plan will also offer further assistance to low- and moderate-income Ontarians by almost doubling property tax and sales tax credits.

• Read about Ontario's Plan to Harmonize Sales Tax and Cut Personal and Corporate Taxes.
• Read the study by Jack Mintz, Ontario's Bold Move to Create Jobs and Growth.
• Learn more about the 2009 Ontario Budget.