Taxing for Growth: A close look at tax policy in Ontario
Ontario needs to tax smarter by amending personal income tax credits and adjusting current business support measures
Ontario has improved its tax system markedly in recent years by introducing the harmonized sales tax, phasing out the capital tax, and lowering corporate tax rates. However, many changes can still be made that would benefit individuals, businesses, and government. In Taxing for growth: A close look at tax policy in Ontario, the Institute for Competitiveness & Prosperity picks up on its previous recommendations for tax reform in Ontario and examines current policy to identify ways Ontario can create a tax system that spurs growth, investment, and competitiveness.