Canada: Ontario’s 2021 budget bill receives Royal Assent

Ontario Bill 269—enacting measures announced in the province's 2021 budget—received Royal Assent on 27 April 2021

Ontario Bill 269 received Royal Assent on 27 April 2021

Ontario Bill 269—enacting measures announced in the province's 2021 budget—received Royal Assent on 27 April 2021.

Among other changes, Bill 269 temporarily increases the regional opportunities investment tax credit to 20% (from 10%) for qualifying investments that become available for use in the period from 24 March 2021 to 31 December 2021.

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

 

 

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