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VIDEO · 30 MARCH 2020

Ontario's Action Plan: Response To COVID-19

Aside from significant new spending to tackle the COVID-19 pandemic, Ontario announced several additional relief measures today for businesses and individuals.

CanadaGovernment, Public Sector

Aside from significant new spending to tackle the COVID-19 pandemic, Ontario announced several additional relief measures today for businesses and individuals.

Support for People and Businesses to Improve Cash Flow

Ontario is making $10 billion available to improve cash flow for people and businesses during this challenging economic time. Through provincial tax deferrals and other measures, relief will be targeted to those impacted directly by COVID-19.

Highlights include:

  • Cutting taxes by $355 million for roughly 57,000 employers through a proposed temporary increase to the Employer Health Tax (EHT) exemption (from $490,000 to $1 million for 2020). With this plan, more than 85 per cent of private-sector employers will not pay EHT in 2020. The exemption would return to its current level of $490,000 on January 1, 2021.

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