Doug Ford says his government wants to support Ontario families who are struggling. They are proposing a $200 taxpayer rebate to all eligible Ontarians. F
They are proposing a $200 taxpayer rebate to all eligible Ontarians.“We’re doing everything we can to keep costs down for Ontario families, but the federal carbon tax and high interest rates are still hurting taxpayers across the province,” said Premier Doug Ford. “This $200 taxpayer rebate will give Ontario taxpayers, especially families with children, some much-deserved help so they can make ends meet.
The proposal means a family of five with two adults and three children would receive $1,000 if eligible. In total, with 12.5-million adults and 2.5-million children, the rebate is set to provide $3-billion. “At a time when the cost of living remains stubbornly high, our government is taking action for the families and workers of this province with much-needed relief to their household budgets,” said Peter Bethlenfalvy, Minister of Finance. “We encourage taxpayers to watch their mailboxes for this taxpayer rebate in early 2025 as we continue making life more affordable for Ontarians while retaining prudent, responsible fiscal management.
The money comes from higher-than-expected revenues thanks to inflation on the provincial sales tax and changes to the federal government’s capital gains tax.More information about the government’s plan will be included in the 2024 Ontario Economic Outlook and Fiscal Review, to be released Wednesday.Ctrl+Enter
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