Ontario's Tax Plan Strengthening Tilbury Economy
McGuinty Government Continues To Support Rural Development
Ontario is making it easier to do business in rural communities like Tilbury thanks to a tax plan that will attract investment and increase economic competitiveness.
Starting July 1, 2010, Tilbury 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 the downtown revitalization strategy that Tilbury is initiating in 2010. This strategy will retain and expand local businesses and strengthen the community. More businesses will be able to prosper and new stores are expected to open -- creating new jobs and more economic activity in Tilbury.
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.
- 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.
- Tilbury's downtown revitalization strategy is being supported by the Rural Economic Development Program.
“Our new tax plan is helping cities like Tilbury revitalize their business sectors and strengthen rural communities. When the HST begins on July 1st, it will help our rural communities retain and create jobs, make businesses more competitive and boost local economies.”
“Our approach to business attraction and expansion is a whole-town perspective. Our strategy includes businesses in the downtown and in the perimeter. We know that by working together, we have the best chance of building on our strengths and offering our customers the services they will support.”
“Tilbury's businesses are ready for a collaborative economic strategy that will see service to their community grow and diversify. I am proud Ontario's new tax plan will support our small businesses and help them grow stronger.”