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Highlights of the 2021 Ontario budget

Highlights of the 2021 Ontario budget

Ontario’s Finance Minister Peter Bethlenfalvy delivered the province’s 2021 budget on March 24, 2021.

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Ontario's Finance Minister Peter Bethlenfalvy delivered the province's 2021 budget on March 24, 2021. The budget anticipates a deficit of $38.5 billion for 2020-21 and projects deficits of $33.1 billion for 2021‑22 and $27.7 billion for 2022-23. Although the budget does not include any new changes to the corporate or personal tax rates, it increases the Regional Opportunities Investment Tax Credit to 20% (from 10%), introduces a new temporary Ontario Jobs Training Tax Credit and provides a one-time 20% top-up for recipients of the Childcare Access and Relief from Expenses (CARE) tax credit for 2021.

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