Wednesday, December 7, 2022
HomeCANADAOntario Liberals Will Raise Taxes On Corporate Profits Over $1 Billion

Ontario Liberals Will Raise Taxes On Corporate Profits Over $1 Billion

Steven Del Duca announced that an Ontario Liberal government will give small businesses a leg up and end Big-Box bias and handouts for mega-grocery chains.

Ontario Liberals will:

  • Raise taxes on corporate profits over $1 billion.
  • Force mega-grocery companies to hold fair and open negotiations with farmers, driving down food prices over time.
  • Remove the HST on more meals under $20, paid for by increasing taxes on Doug Ford’s mega-grocer friends.
  • Eliminate 2-years of corporate taxes for small businesses hit hardest by the pandemic.
  • Eliminating incorporation fees for new business start-ups.
  • Investing $10 million in grants to support Black entrepreneurs and Black-owned small businesses.
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