Canada

Hudak says PCs would cut taxes 10 per cent over 4 years after balancing budget

May 14, 2014

The Canadian Press

OTTAWA – Ontario’s Progressive Conservatives are promising to cut personal taxes once they balance the budget in 2016-17.

They say they plan to phase in a 10 per cent cut over four years, but could do it sooner if they have more money.

It’s part of their nine-step plan to create a million private sector jobs in Ontario over eight years and slay the province’s $12.5-billion deficit a year ahead of schedule.

The PC plan includes cutting corporate taxes by 30 per cent and reducing regulations by at least a third over three years.

They say they’d participate in New West Partnership Trade Agreement with B.C., Saskatchewan and Alberta and develop the Ring of Fire mining site in northern Ontario.

Leader Tim Hudak has already said he’d cut 100,000 public sector jobs, end subsidies for green energy and open up apprenticeships to more young people.