The government’s forecast for both personal income tax and corporate tax revenue is “significantly higher” than its projection
However, the province is boosting the land-transfer tax on house purchases above $2 million
The province’s real gross domestic product grew by 0.8% in January to March
The province is relying on growth to exceed the average in recent years
Ontario Premier Kathleen Wynne sees a federal government willing to improve the CPP as a solution to her concerns
Province will hike beer tax, sell majority of Hydro One
Leaked budget document also shows higher tobacco and aviation fuel taxes
A shrinking work force combined with an aging population will pose challenges for the province’s economy
Province to introduce tax changes to benefit low- and moderate-income investors
Budget will take steps to address the cost of public sector pensions