The budget continues Ontario’s plan to lower costs for workers and businesses while investing in key public services and supporting long-term economic growth across the province
Ontario’s 2026 budget, released Thursday, March 26, brings major tax relief for small businesses and home buyers, but reactions are mixed.
The budget cuts the small business tax rate from 3.2 per cent to 2.2 per cent starting July 1, benefiting more than 375,000 businesses across the province. Home buyers of new houses up to $1 million will see the 13 per cent Harmonized Sales Tax (HST) fully removed, offering up to $130,000 in potential relief.
Local MPP Steve Clark heard strong support from community leaders for the Community Sport and Recreation Infrastructure Fund, among other measures.
Clark explained the removal of the 13 percent HST will put new home construction and sales into action.
Locally, multiple projects were mentioned in the budget around Leeds and Grenville which Clark is happy about.
The budget continues Ontario’s plan to lower costs for workers and businesses while investing in key public services and supporting long-term economic growth across the province.
Story by: Evan Gibb
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