Ontario Budget 2026 – Key Updates
The 2026 Ontario Budget introduces several measures to support businesses and individuals during ongoing economic uncertainty.
Key highlights include:
• Lower small business taxes – The corporate income tax rate will decrease from 3.2% to 2.2% effective July 1, 2026.
• Dividend tax credit changes – The non-eligible dividend tax credit will be reduced starting January 1, 2027.
• Faster tax write-offs – Continued access to accelerated depreciation and immediate expensing to improve cash flow on capital investments.
• Enhanced HST housing rebates (temporary) – Increased rebates on new homes and rental properties from April 1, 2026, to March 31, 2027, subject to conditions.
• Ontario Trillium Benefit update – More recipients will receive payments as a lump sum starting July 2026.
For more information, visit here.
