Newspaper article The Canadian Press

National Audio 4:25 PM ET

Newspaper article The Canadian Press

National Audio 4:25 PM ET

Article excerpt

National Audio 4:25 PM ET

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NAT127 - (Ont-Economic-Statement) TORONTO. x-08s. Ontario is cutting its small business tax rate from 4.5 per cent to 3.5 per cent next year. It's part of a 500-million-dollar package for small businesses announced today in the province's fall economic statement. The tax cut and other supports are meant to ease the transition to a 14-dollar minimum wage next year and 15-dollars in 2019. Finance Minister Charles Sousa says small businesses are instrumental in growing the economy. ("..in 30 years.") (SOURCE:The Canadian Press)

TAG: The government also announced it will give small businesses incentives of one-thousand dollars for each young worker hired and another thousand for each young worker retained for at least six months.

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NAT128 - (Ont-Economic-Statement) TORONTO. …

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