Article Posted date
28 April 2022
Ontario's Finance Minister Peter Bethlenfalvy delivered the province's 2022 budget on April 28, 2022. The budget anticipates a deficit of $13.5 billion for 2021-22 and projects deficits of $19.9 billion for 2022-23 and $12.3 billion for 2023-24. Although the budget does not include any new changes to the corporate or personal tax rates, it extends the temporarily enhanced Regional Opportunities Investment Tax Credit rate of 20%, amends Ontario's cultural media tax credits and introduces the Ontario Seniors Care at Home Tax Credit, among other changes.
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