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The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
The RST was increased one point to 8% on July 1, 2013. It reverted to 7% as of July 1, 2019 and although it was planned to drop to 6% as of July 1, 2020 [3] [4] due to the COVID-19 pandemic the province has deferred the reduction until further notice. [5] There is a 5% tax on lodging and 5% tax on hotel room fees. New Brunswick: HST: 10: 15
Southern Ontario, Metro Vancouver, ... constituting 6.3 percent of the total population and 31.2 percent of the total Asian ... 1,200 6.85% Skeena Coast Rural 955 ...
In terms of percent change, the fastest-growing province or territory was Yukon with an increase of 12.1 percent between 2016 and 2021, followed by Prince Edward Island with 7.99 percent growth. Generally, provinces steadily grew in population along with Canada.
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The Great Recession of 2008 had a considerable impact on Ontario, particularly its manufacturing sector [citation needed]. Ontario's budget surplus in 2007-2008 had by 2009-2010 given way to a $19 billion deficit. [30] Ontario government's direct subsidies to corporations average $2.7 billion per year over the five years to 2011. [31]
The 2021 Canadian census enumerated a total population of 36,991,981, an increase of around 5.2 percent over the 2016 figure. [5] It is estimated that Canada's population surpassed 40 million in 2023 and 41 million in 2024. [6] Between 1990 and 2008, the population increased by 5.6 million, equivalent to 20.4 percent overall growth. [7]
Denzel Washington revealed that a same-sex kiss he filmed for Gladiator II was cut from the final movie.. Speaking with Gayety, the actor, who portrays Macrinus in director Ridley Scott's sequel ...