Canada: Tax measures in 2021 budget (Ontario)

Canada: Tax measures in 2021 budget (Ontario)

Ontario’s budget—presented 24 March 2021—does not include any new changes to the corporate or individual (personal) tax rates.

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Tax measures in the 2021 budget would:

  • Increase the regional opportunities investment tax credit to 20% (from 10%)
  • Introduce a new temporary Ontario jobs training tax credit
  • Provide a one-time 20% top-up for recipients of the childcare access and relief from expenses (CARE) tax credit for 2021

Read a March 2021 report prepared by the KPMG member firm in Canada

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