Opinion: Dear Ontario: Corporate subsidies aren’t the path to prosperity

Opinion: Dear Ontario: Corporate subsidies aren’t the path to prosperity

The Ontario budget included an extra 0 million for the Invest Ontario Fund to give more funds to large businesses. Ontario has overtaken Quebec as the biggest champion of taxpayer-funded subsidies, spending an average of .1 billion a year on corporate handouts since 2018. The author argues that cutting corporate taxes and eliminating corporate welfare would attract more businesses to Ontario and stimulate economic growth.

Ontario 2024 Budget Highlights

Ontario 2024 Budget Highlights

Ontario Minister of Finance Peter Bethlenfalvy tabled the province’s 2024 budget on Tuesday, March 26, 2024. The budget, titled “Building a Better Ontario,” includes investments in workers and key public services without raising taxes or fees. The province is investing in infrastructure to get more homes built faster and help keep costs down for families and businesses.