Ontario Election: Where Does Each Party Stand On Taxes?

An in-depth look at where each party in Ontario stands on taxes. This is a part of our 2018 Election Hub.

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Click on any of the party names to view our platform breakdown for that party.

The Ontario government gets around 80% of its revenue from various provincial tax sources. A further 17-18% comes from taxes collected by the federal government, through equalization payments.

The Ontario government’s projected revenue for this year.

Click on any of the party names to view our platform breakdown for that party.

Liberal Party

Taxes in Ontario have been on an upward trend under Premier Wynne, as the interest on our public debt becomes a larger burden on the provincial budget.

The Liberal Party will use a variety of strategies, old and new, to increase government revenue. According to this year’s budget, income taxes will go up for those making more than $71,500 annually.

Progressive Conservative Party

The PCs say they will cut corporate tax to make Ontario “open for business”.

In addition, Doug Ford wants to get rid of provincial income taxes for annual incomes under $30,000. Currently incomes under $10,354 are not taxed by the Ontario government. They also promise to cut provincial income taxes by 20% for incomes between $42,960 and $85,923.

New Democratic Party

The NDP platform says that their plan will be paid for by “having the wealthiest people and most profitable corporations pay their fair share”. This would include creating a housing speculation tax and raising corporate income tax.

While small businesses will still pay less than large corporations, even small businesses will end up with a higher corporate income tax under this plan.

Green Party

In addition to the tax back for the guaranteed minimum income program, the Greens want to use tax and subsidy incentives for corporations and individuals to reduce their environmental impact. Their platform document says they will “[s]top subsidizing businesses that pollute”. They will also introduce a housing speculation tax, and increase taxes on large corporations and top 1% income earners.

The Greens also want to reduce payroll taxes on local and small businesses, as well as on non-profit organizations.

Libertarian Party

The Libertarian Party would scrap carbon pricing and any other government programs related to climate change. They would also eliminate the corporate tax and mandatory WSIB insurance. The Land Transfer Tax would be replaced with a flat fee (of $275).

None of the Above Party

No specific platform points on this topic.

Trillium Party

The Trillium Party wants specific taxes to be put towards specific initiatives. For example, gas tax would go to fund transportation infrastructure. They seem to oppose any form of carbon pricing, revenue neutral or otherwise, and would take the federal government to court on this issue. Instead, they want the government to set limits and standards, “affecting only those that cross the line” (emphasis in original).

They also want property assessments to be done at the municipal level rather than having province-wide standards. Currently, although property assessments are done by MPAC (a provincial agency), property taxes are set by the municipalities themselves. Property taxes are generally the main revenue source for municipalities.


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Mika Ryu

Law student at Western University, and UofT graduate in economics and linguistics. Remember that your version of the world is always too simple.

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