McGuinty
Government Opens Ontario To New Jobs And Economic Growth
Ontario's tax plan will create
a climate to attract business investment and increase economic
competitiveness. The plan will make the province one of the most
competitive jurisdictions in the world for business investment.
Ontario is modernizing an
outdated, 50-year-old, tax system by cutting taxes for people and
businesses and combining two existing sales taxes into one - the HST -
removing the hidden taxes that we all pay. This will put Ontario on a
level playing field with four other provinces and 140 other countries that
already have a value added tax like the HST.
Ontario will become one of the
most tax-competitive jurisdictions in the industrialized world, develop a
stronger, more competitive economy and independent experts say almost
600,000 new jobs will be created over the next 10-years.
This tax package is a key
component of the five-year Open
Ontario Plan, which supports job creation and enhances the programs
and services, including education, health care and skills training, that
Ontarians value.
