While the budget doesn't have an "Ontario: Open For Business" bumper sticker slapped on its cover, there's evidence that this is a theme too. "Before COVID‑19, important progress had been made in our government's commitment to once again make Ontario open for business," says Phillips. The three key measures in the budget that help business are:More than 200,000 Ontario businesses will pay less property tax, with a cut to what's called the business education tax. The new provincial budget will bring a property tax cut to 94 per cent of Ontario businesses. "This electricity cost relief would free up money that could be better spent creating jobs," said the government's budget day news release.

Source: CBC News November 07, 2020 09:56 UTC