Tax memo: 2011 Ontario Budget

Tax Highlights

On Tuesday, March 29, 2011, Ontario’s Minister of Finance, Dwight Duncan, presented the province’s 2011 budget. The budget does not change personal income tax rates, the previously announced corporate income tax rate reductions or Harmonized Sales Tax rates. It does include numerous technical amendments, many of which are intended to improve the administration of the tax system, although few details are provided.

Please contact your PwC adviser or any of the individuals listed on www.pwc.com/ca/taxcontacts, for more information on how the budget will affect you or your corporation.

Tax memo: 2011 Ontario Budget