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March 25, 2021

Ontario budget 2021-22 discussed

Ontario Finance Minister Peter Bethlenfalvy tabled the province's fiscal 2021-22 budget on March 24. The budget contains some tax measures affecting individuals and corporations but contains no new taxes and no tax increases. The minister anticipates a deficit of $33.1 billion for 2021-22 and projects deficits for each of the next seven years.

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


Full text of Tax Alert