2009-03-27
2009-03-27
The centrepiece of the budget is a tax reform package that cuts income tax and introduces a combined federal-provincial sales tax.
Starting in July 2010, the provincial sales tax will be harmonized with the G-S-T in a move Duncan says will help make Ontario businesses more competitive. Taxpayers will get special transition payments of up to $1,000 to offset the combine tax which will apply to programs and services that were not subject to P-S-T prior.
