Tax alert

2019 Ontario economic outlook and fiscal review

Finance Minister Rod Phillips delivered the Progressive Conservative (PC) government’s 2019 Fall Economic Statement on November 6, 2019. The Fall Statement included many promises of investment and spending, much of which was in areas where the PC government had previously implemented cuts from Budget 2019.

The Fall Statement also included a revised deficit estimate for the 2019-20 fiscal year, reduced from $10.3 billion in Budget 2019 down to $9 billion in this current Fall Statement.

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