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November 6, 2020

Ontario budget 2020-21 discussed

Ontario Finance Minister Rod Phillips tabled the province's fiscal 2020- 21 budget on November 5. The budget contains several tax measures affecting individuals and corporations but contains no new taxes and no tax increases. The minister anticipates a deficit of $38.5 billion for 2020-21 and projects deficits for each of the next two years.

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


Full text of Tax Alert