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According to the current CRA web page, in Newfoundland and Labrador corporate tax rates span from 3 per cent at the lowest rate to 15 per cent at highest rate; in Nova Scotia from 3% to 16%, in New Brunswick from 2.5% to 14%, in Prince Edward Island from 3%to 16%, in Ontario from 3.2% to 11.5%, in Manitoban 12% in Saskatchewan, from 2% to 12% ...
The Great Recession of 2008 had a considerable impact on Ontario, particularly its manufacturing sector [citation needed]. Ontario's budget surplus in 2007-2008 had by 2009-2010 given way to a $19 billion deficit. [30] Ontario government's direct subsidies to corporations average $2.7 billion per year over the five years to 2011. [31]
[101]: 15 In this post Great Recession period there was a sharp increase in the price of homes, and an increase in rent, and a lower rate of rental vacancy. [ 101 ] : 15 While children, whose parents own their own home, experienced a 13% gain in income during that period, for the families of renters, the standard of living declined.
The 2022 Ontario general election was held on June 2, 2022, to elect Members of the Provincial Parliament to serve in the 43rd Parliament of Ontario. The governing Progressive Conservatives , led by Premier Doug Ford , were re-elected to a second majority government , winning 7 more seats than they had won in 2018.