Ontario's Tax Plan Strengthening Cornwall Economy
June 8, 2010 11:00 AM
McGuinty Government Continues To Support Rural Development
Ontario is making it easier to do business in rural communities like Cornwall thanks to a tax plan that will attract investment and increase economic competitiveness.
Starting July 1, 2010, Cornwall businesses will deal with one sales tax instead of two, one set of rules instead of two and one level of government instead of two. It is estimated that businesses across Ontario will save more than $500 million a year in administrative and compliance costs.
These changes and significant savings will enhance Cornwall's "Progress Boulevard", a three-year historic downtown revitalization strategy developed to help retain and expand Cornwall's businesses and strengthen the community. More businesses will be able to prosper and new stores are expected to open — creating new jobs and bringing more people to the downtown area.
The tax package is a key component of the five-year Open Ontario plan to strengthen the economy and create more jobs for Ontario's families.
Quick Facts
- Experts say Ontario's tax plan, which includes tax breaks for people and large and small businesses, will lead to increased investment and almost 600,000 new jobs.
- A single tax system will put Ontario on a level playing field with four other provinces and 140 other countries that already have a value added tax like the HST.
- Ontario funded the City of Cornwall for their downtown revitalization strategy through the Rural Economic Development Program.
Learn More
- Ontario's Tax Plan For Farmers, Rural Communities, And Agri-Food Businesses
- Explore Downtown Cornwall.
- Find out more about Ontario's new tax plan.
Contacts
- Sarah Petrevan
Minister's Office
416-326-3861
sarah.petrevan@ontario.ca - Susan Murray
Communications Branch
519-826-3145
susan.murray@ontario.ca
Ministry of Agriculture, Food and Rural Affairs
ontario.ca/agriculture