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April 29, 2022

Ontario budget 2022-23 discussed

Ontario Finance Minister Peter Bethlenfalvy tabled the province's fiscal 2022-23 budget on April 28. The budget contains several tax measures affecting individuals and corporations. The minister anticipates a deficit of $19.9 billion for 2022-23 and projects deficits for each of the next four years, with a return to balance by 2027-28.

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


Full text of Tax Alert