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TORONTO — Ontario plans to temporarily reduce taxes on gas and diesel, but it will only take effect after the June provincial election.
“Ongoing supply chain challenges and geopolitical conflicts are pushing up the cost of living from gas to groceries,” Finance Minister Peter Bethlenfalvy said in a statement. Premier Doug Ford had in recent months resisted calls for such a move, despite making a promise to do so in the last election. The government did end cap-and-trade soon after the election, meant to lower prices by 4.3 cents a litre, but that prompted the federal carbon tax backstop to kick in, negating those savings. Ford's government tried fighting the levy in court, but lost.
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