Ontario Government Announces Support For Businesses

Supports announced April 7, 2025
 

Ontario Government Announces Support For Businesses

Apr 7, 2025 | Canada - US Tariffs, News, Provincial Advocacy

Supports announced April 7, 2025

The Ontario government is providing approximately $11 billion in relief and support for workers and businesses as it protects the province’s economy from economic uncertainty and the impact of U.S. tariffs.

As a first step to support workers and businesses, the province is:
• Deferring select provincially administered taxes for six months from April 1, 2025, to October 1, 2025, giving businesses and job creators approximately $9 billion worth of cash flow they need to keep workers employed and weather the economic turmoil.
• Through the Workplace Safety and Insurance Board (WSIB), issuing a further $2 billion rebate for safe employers to support businesses and help keep workers on the job, in addition to the previous $2 billion rebate distributed in March.

Quick Facts

  • Ontario is granting relief to businesses remitting taxes under Ontario’s 10 business-focused tax programs, including the Employer Health Tax, Insurance Premium Tax, Gasoline Tax, Fuel Tax, Mining Tax, Tobacco Tax, International Fuel Tax Agreement, Beer, Wine & Spirits Tax, the Retail Sales Tax on Insurance Contracts and Benefit Plans and the Race Tracks Tax.
  • Providing up to $9 billion in cash flow support to about 80,000 Ontario businesses by offering six months of interest and penalty relief will allow them to temporarily delay payments for select provincially administered taxes, giving them more flexibility to deal with any challenges resulting from U.S. tariffs.
  • The six-month period begins April 1, 2025, and ends October 1, 2025. All taxes owed must be paid by October 1, 2025.
latest news
Share This