The Ontario Progressive Conservative government’s fall fiscal statement provides tax breaks for minimum wage workers while projecting a deficit this year of $14.5 billion.
The Fall Economic Statement (FES) begins what the government promises is a tempered reduction in government spending to eventually balance the books, although it offers no specific year for when the red ink is to come to an end.
“Due to swift action taken by our government, we are pleased to report that $3.2 billion in savings have already been generated,” Finance Minister Vic Fedeli said. “But even better, we have acted immediately and are delivering $2.7 billion in tax relief for Ontario families, individuals and businesses.
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