TORONTO—Ontario’s new provincial government can balance the budget and even cut taxes, but it will require a focus on spending discipline, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“While Ontario’s deficit will likely be much larger than originally projected, the province needs to reduce and reform its tax system to make the province more competitive,” said Ben Eisen, Fraser Institute senior fellow and co-author of Restoring Ontario’s Public Finances.