Ontario Expands Manufacturing Tax Credit in Upcoming Budget

Monday, May 5, 2025, 2:21 pm

Ontario’s finance team is rolling out an expanded manufacturing tax credit aimed squarely at Canadian-controlled private firms in Ontario, promising an extra $1.3 billion over three years. The move, previewed in multiple budget briefings, is designed to boost local production in a highly competitive global market.

globalnews.ca / Ontario to include expanded manufacturing tax credit in upcoming budget

Ontario Finance Minister Peter Bethlenfalvy has offered a first glimpse at his upcoming budget, announcing an expanded Ontario manufacturing tax credit.

financialpost.com / Ontario to include expanded manufacturing tax credit in upcoming budget

The government says the changes would mean providing an additional $1.3 billion over three years

theglobeandmail.com / Ontario to include expanded manufacturing tax credit in coming budget

The tax credit was first announced in the 2023 budget, and applies to Canadian-controlled private corporations with a permanent location in Ontario

permalink / 3 stories from sources in 3 hours ago #budget #business #ontario

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