TORONTO—Repealing Ontario’s eight-year-old and so-called “temporary” tax increase on professionals, entrepreneurs, and skilled workers would significantly increase economic activity—and cost very little in forgone tax revenues, finds a study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“To help Ontario recover from the COVID recession, the Ford government should spur economic activity and increase the province’s attractiveness for investment, entrepreneurs and high-skilled workers,” said Ben Eisen, a senior fellow with the Fraser Institute.
