Ontario Budget Summary

2020 Ontario Budget

Ontario Finance Minister Rod Phillips tabled the provincial government’s budget on November 5, 2020. Highlights include:

  • Making Employer Health Tax exemption increase permanent
  • Reducing the Business Education Tax for commercial and industrial properties
  • Extending timelines for the Cultural Media and Ontario Research and Development tax credits
  • Introducing a temporary, refundable Senior’s Home Safety tax credit

View Ontario Budget Summary

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Every year, federal and provincial budgets bring changes to tax rules that may impact Canadians and privately controlled corporations. MNP is committed to providing you with the latest budget-related updates to optimize your tax planning, corporate structures, and investment strategies.

Contact our Tax Services Team

Bryan Walters

Bryan Walters CPA, CA, TEP

Tax Partner

Gavin Miranda

Gavin Miranda CPA, CA

Regional Tax Leader

Jeanne Cheng

Jeanne Cheng CPA, CA

Partner and Regional Tax Leader

Rosario Suppa

Rosario Suppa CPA, CA, CFP

Regional Tax Leader

Melissa Aveiro

Melissa Aveiro CPA, CA

Tax Partner

Steve Blazino

Steve Blazino CPA, CA, CBV

PARTNER - TAXATION & VALUATION SERVICES