Ontario Unveils $11 Billion Economic Relief Plan

The Ontario government has outlined a significant financial initiative to support the province's workers and businesses amid ongoing economic challenges. The plan involves an allocation of approximately $11 billion in relief measures. According to the government, these measures aim to assist during a period impacted by economic uncertainties and U.S. tariffs.

Part of the relief includes deferring certain provincially administered taxes for six months starting April 1, 2025. This deferral is projected to provide around $9 billion in savings, offering businesses the option to delay tax payments until October 1, 2025..