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Canada: Direct and indirect tax measures in 2024 Fall Economic Update (Ontario)

The update does not include any changes to the corporate or individual (personal) tax rates.

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November 1, 2024

Ontario's Finance Minister on October 30, 2024, delivered the province’s 2024 Fall Economic Update, which includes direct and indirect measures related to:

  • Individual (personal) tax
    • Taxpayer rebate
    • Alternative minimum tax
    • Fertility treatment tax credit
  • Business tax
    • Beneficial ownership registry
    • Target benefit pension plans and variable life benefit plans
  • Indirect tax
    • Extension of gasoline and fuel tax rate cuts
  • Other tax
    • Electricity distribution
    • Tax review
    • Technical and other amendments

Read an October 2024 report prepared by the KPMG member firm in Canada

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