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The Ministry of Revenue was the ministry in Ontario, Canada responsible for administering most of the province's major tax statutes as well as a number of tax credit, incentive and benefit programs. The ministry was also responsible for managing relationships, particularly with the Canada Revenue Agency , in their administration of provincial ...
In August 2023, the Ontario government announced that it was postponing a provincewide property reassessment as it conducts a new review of the accuracy and fairness of the system. In 2022 alone, MPAC added more than $37.8 billion to municipal rolls across Ontario through its assessments of new construction and renovated properties.
The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments.
The provincial legislatures have a more restricted authority under ss. 92(2) and 92(9) for: 2. Direct Taxation within the Province in order to the raising of a Revenue for Provincial Purposes.... 9. Shop, Saloon, Tavern, Auctioneer, and other Licences in order to the raising of a Revenue for Provincial, Local, or Municipal Purposes.
In 1973, the Ministry of Housing was established by The Ministry of Housing Act, inheriting the Plans Administration Branch from the Ministry of Treasury, Economics and Intergovernmental Affairs, as well as the Ontario Housing Corporation from the Ministry of Revenue. In 1981, the Ministry of Municipal Affairs and Housing was formed by the ...
The Ministry of Finance is a ministry of the Government of Ontario responsible for managing the province's fiscal policy, developing the provincial budget, and financial sector regulation. The minister of finance – called the treasurer before 1993 – leads the ministry and is responsible to the Legislative Assembly of Ontario .
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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]