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