• Ontario Budget 2012: Tax Measures Focus on Revenue Enhancement and Integrity
  • March 29, 2012 | Authors: Stephen J. Fyfe; Stephanie Wong
  • Law Firm: Borden Ladner Gervais LLP - Toronto Office
  • On March 27, 2012, Finance Minister Dwight Duncan tabled the Ontario government’s 2012 Budget, “Strong Action for Ontario”, which lays out a five-year plan to eliminate Ontario’s deficit by 2017-18 while protecting and building on Ontario’s achievements and ensuring strong job growth into the future. Budget 2012 projects a deficit of $15.3 billion in 2011-12 (a $1 billion improvement from the deficit forecast in Budget 2011), $15.2 billion in 2012-13, $13.3 billion in 2013-14, $10.7 billion in 2014-15 and a balanced budget by 2017-18.