26 March 2020

Ontario action plan discussed

The Ontario government delivered its 2020-21 fiscal update on March 25. Notably, Ontario announced a $17 billion action plan in response to recent economic dislocation resulting from global health concerns. This plan includes $3.3 billion in additional health care spending, $3.7 billion in support of people and jobs, and $10 billion in support for residents and businesses to improve cash flows. On the same day, Bill 188, Economic and Fiscal Update Act 2020, passed all stages and received Royal Assent. Bill 188 enacts several support measures announced as part of the update.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

———————————————
ATTACHMENT

Full text of this Tax Alert

Document ID: 2020-0710