ONTARIO BUDGET LEAK SUGGESTS INCREASES IN SOME TAXES

Apr 30, 2014

By Scott Walker

Share on

Ontario’s Ministry of Finance isn’t commenting on a possible leak of some of the details of tomorrow’s budget.

The leak is said to come from a cabinet document that suggests Finance Minister Charles Sousa will raise taxes on people making more than $150,000 a year. It says the government will also raise taxes on tobacco products and aviation fuel.

Revenue from the tax hikes will raise $29-billion over ten years to pay for the Scarborough subway extension and other transit and infrastructure projects.

The same leak has good news for some of the lowest-paid public servants in the province. Personal support workers who help seniors stay in their homes will see their hourly wage hiked from $12.50 an hour to $16.50.

The news will likely cause more condemnation from the opposition Conservatives. Tory leader Tim Hudak has already dismissed the new Ontario Pension Plan as a payroll tax that will kill jobs in the province. But Premier Kathleen Wynne says the her government feels it has an obligation to go ahead with a made-in-Ontario  plan because Ottawa refuses to increase the Canada Pension Plan.

The Conservatives have already said they will vote against tomorrow’s budget. But a tax on upper-income Ontarians will likely appeal to the NDP. The Liberals need their support to pass the budget and stay in power.

Advertise With Us

To learn about advertising opportunities with Zoomer Radio use the link below:

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: