Ontario proposes $8 billion in tax measures aimed at tariffs

The province says the proposed Ontario Competitiveness Tax Cut is meant to help it stand up to tariffs by building a more competitive, resilient and self-reliant economy.

Ontario

By Jamie Wells Provincial Politics Published 28 October 2026, 14:08 UTC 1 source 1 min read

Library photo Port of Montreal container terminal seen from above. Does not depict this event. Eric Marshall / CC BY 3.0. Resized; may be cropped for display. Photo source Photo licence

Ontario announced $8 billion in proposed tax measures on Oct. 28, calling the package the Ontario Competitiveness Tax Cut. The province said the measures would help Ontario stand up to tariffs by building a more competitive, resilient and self-reliant economy.¹

The government said the cut would support investment and create 30,000 jobs. The measures are proposed, not in force; the announcement did not say when they would take effect or whether legislation is required.¹

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