Summary of Ontario’s 2021 Budget – March 26, 2021

Summary of Ontario’s 2021 Budget – March 26, 2021 

On March 24, 2021, the Ontario government released its 2021 budget. The deficit for 2021-2022 is projected at $33.1 billion, down from $38.5 billion last year, with deficits of $27.7 billion and $20.2 billion projected for 2022-23 and 2023-24. Although the deficit is significant, the government understands the importance of supporting healthcare and jobs.  Please read our summary to learn more about:

  • Tax Rates
  • Tax Credits and Benefit Programs
  • Grants
  • Investments

For additional information you can view the full 2021 Ontario Budget at this link.

 



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