The province of Ontario will provide approximately C$11 billion ($7.7 billion) in relief to workers and businesses to help weather the impact of US tariffs.
The support package includes deferring business taxes, including the mining tax, for six months. The province will provide up to C$9 billion in cash flow relief to about 80,000 Ontario businesses by offering six months of interest and penalty relief, allowing them to temporarily delay payments.
This deferral period runs from April 1, 2025, to October 1, 2025. All deferred taxes must be paid in full by October 1, 2025.
The mining tax is levied on profits from the extraction and sale of mineral substances by operators of Ontario mines.
In addition to the tax relief, the province is issuing a further $2 billion rebate for safe employers to help businesses retain workers. This follows a $2 billion rebate distributed in March.
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