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Ontario Pre-Budget Recommendations 2018

On January 18, CFIB presented our top budget recommendations to the Standing Committee on Finance and Economic Affairs in Kitchener, Ontario.

This year, our recommendations focused on mitigating the impact Bill 148: The Fair Workplaces, Better Jobs Act is having on your business and keeping Ontario businesses competitive. 

Key 2018 Ontario Budget Recommendations

Minimum Wage Mitigation

  • Develop a plan to reduce the provincial small business tax rate from 3.5 per cent to 0 per cent
  • Reduce the provincial general corporate income tax rate from 11.5 per cent to 10 per cent, as promised in the government's 2013 campaign platform
  • Increase the provincial small business corporate income tax rate threshold from $500,000 to $750,000 and index it to inflation thereafter
  • Reduce the Employer Health Tax rate
  • Reduce the Business Education Tax rate

Energy

  • Eliminate Time-of-Use pricing for small businesses
  • Require the Global Adjustment Fee to be visible on all bills
  • Better manage the supply and demand of energy

Government Spending

  • Implement a clear plan and timeline to reduce Ontario's growing debt and maintain future balanced budgets through restrained and prudent government spending

Red Tape

  • Determine the overall cost of provincial regulations and place a hard cap on the cost of rules in the system

Workers' Compensation

  • Repeal or amend mandatory WSIB coverage for owners, directors and independent operators in the construction sector (Bill 119)
  • Introduce legislation to eliminate the 72-month lock-in provision

Agri-Business

  • Maintain Employment Standards Act (ESA) and Labour Relations Act (LRA) exemptions in the agriculture sector

Education

  • Create a dedicated, mandatory, full-semester financial literacy course for the Ontario high school curriculum

Read CFIB's full recommendations in our pre-budget submission: Keeping Ontario's Small Businesses Competitive