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2w ago

Ontario Finalizes $11-Billion Relief Plan to Counter U.S. Tariffs

Premier Doug Ford announces six-month tax deferrals and $2-billion employer rebate to support businesses during economic uncertainty.

Ontario Premier Doug Ford speaks to journalists before a meeting with federal, provincial and territorial leaders at the Canadian War Museum in Ottawa, Ontario, Canada March 21, 2025. REUTERS/Blair Gable/File Photo
Ontario Premiere Doug Ford speaks to media at the Storm Command Centre in Orillia, Ont. on Friday April 4, 2025. He arrived to inspect the damages from the ice storm and thank front-line volunteers and workers. THE CANADIAN PRESS/Christopher Drost
Ontario Premier Doug Ford speaks to reporters following the First Ministers Meeting at the National War Museum on Friday, March 21, 2025. Primer Doug Ford says he will be visiting the areas impacted by prolonged power outages caused by an ice storm that hit central and northern Ontario.

Overview

  • Ontario's $11-billion relief package includes six-month deferrals on select provincial taxes, effective retroactively from April 1, 2025.
  • The tax deferrals are expected to provide $9-billion in financial relief to businesses, improving cash flow and preserving jobs.
  • The Workplace Safety and Insurance Board will distribute an additional $2-billion rebate to safe employers, following a similar rebate issued last month.
  • The measures fulfill Premier Doug Ford's election promise to support businesses facing challenges from U.S. tariffs and market instability.
  • The relief comes as stock markets continue to decline after U.S. President Donald Trump announced reciprocal tariffs, heightening economic pressures.