Ontario to table controversial HST bill on Monday
Submitted by Medha Sood on Mon, 11/16/2009 - 14:53
The Ontario Government will introduce legislation on Monday to create a single 13% sales tax by merging province’s 8% sales tax with the 5% Goods & Services Tax.
The bill includes a series of cuts to income, small business and corporate taxes.
Ontario's deficit swells to $6.4-billion
Submitted by Medha Sood on Sun, 09/27/2009 - 11:28
The recent global economic slump caused a steep plunge in Ontario government tax revenues, pushing the province's deficit for 2008-09 to $6.4 billion.
The Ministry of Finance said the recent recession caused a 0.5 per cent contraction in Ontario's GDP in 2008.
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