Ontario government's tax reform will give the province a tax advantage over OECD countries

In addition to sales tax harmonisation, the 2009 budget also lowers income taxes for businesses from the current 14% (12% for manufacturers and processors) to 10% by 2013 - another stimulus to business investment. While not on the 2009 budget, taxes on capital assets will be eliminated by 2010. Taken together these measures take Ontario from being on of the world’s highest tax regimes for new business investment to being better than average.