Page 3 - 2104 Ontario Budget - Ontario Jobs and Economy Plan
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A MORE Ontario is supporting a more competitive tax system, with sales tax reform COMPETITIVE and corporate tax cuts saving businesses more than $9 billion per year. For example, the Harmonized Sales Tax (HST) will be saving businesses TAX SYSTEM $4.7 billion per year. ONTARIO’S TAX CUTS FOR BUSINESS WILL TOTAL MORE ThAN $9 BILLION PER YEAR BUILDING Ontario is partnering with business to help build strong communities. STRONG These investments include: COMMUNITIES THE EASTERN ONTARIO DEVELOPMENT FUND Partnering with 126 projects, leveraging investments of more than $670 million, helping create or retain 15,400 jobs. THE NORTHERN ONTARIO HERITAGE FUND CORPORATION Leveraging more than $3.2 billion since 2003 for 5,933 projects, helping create or retain almost 23,000 local jobs. THE SOUTHWESTERN ONTARIO DEVELOPMENT FUND Investing in 32 projects, leveraging more than $400 million in business ONTARIO IS PARTNERING WITH BUSINESS TO hELP BUILD STRONG COMMUNITIES investment, helping create or retain 9,800 jobs. 2 GET THE FACTS AT ONTARIO.CA/BUDGET
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