Lower payroll taxes for small businesses
Small businesses and entrepreneurs are essential to building diversified, resilient local economies that generate sustainable jobs and prosperity.
Locally owned companies generate and maintain wealth in our communities. During the 2008 recession, small business was the only sector of the economy to create jobs.
The Ontario government can help entrepreneurs continue to create jobs and grow their business by lowering payroll taxes on employees. The most effective way to do this is to double the exemption level for the Employer Health Tax, which has only increased by $50,000 since the late 1990s.