The budget anticipates a deficit of $1.7 billion for 2025-26 and projects deficits of $498 million for 2026-27 and a surplus of $8 million for 2027-28. The budget does not include any new changes to the corporate nor personal income tax rates, but does remove the retail sales tax (RST) on certain additional food items at grocery stores and increases the Renters Affordability Tax Credit and the maximum Homeowners Affordability Tax Credit, among other changes.
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