TORONTO - Higher sales and corporate income tax revenues have pushed Ontario’s deficit down $1 billion, the Progressive Conservative government said Wednesday as it released its third-quarter finances. Ontario Finance Minister Vic Fedeli speaks with media following meetings with federal, provincial and territorial counterparts in Ottawa, Monday December 10, 2018. Fedeli says $1 billion in higher sales and income tax revenues have pushed the province's deficit down to $13.5 billion. ( Adrian Wyld / THE CANADIAN PRESS )Revenue for this fiscal year is projected to be $149.2 billion, which is $1 billion higher than forecasted in the fall economic statement, due to higher HST and corporate income tax revenue. The higher HST and corporate income tax revenues were partially offset by lower personal income tax and health premium revenues, as well as less land transfer tax revenue due to lower-than-expected housing resales.

Source: thestar February 13, 2019 16:30 UTC