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News Release
Supporting Small Businesses in Eastern OntarioMay 14, 2013 Ontario Government Fosters Regional Economic Growth to Create JobsPremier Kathleen Wynne visited Anchor Concrete in Kingston today, where she highlighted the government’s commitment to supporting small businesses, allowing them to create more jobs and support regional economic growth. The new 2013 Budget includes an increase to the Employer Health Tax (EHT) exemption, which would bring relief to small businesses and make it easier for them to hire new employees. If the Budget bill is passed and proclaimed, the exemption would be increased from $400,000 to $450,000 beginning Jan. 1, 2014. This would have a positive impact for more than 60,000 employers across Ontario, including 12,000 that would no longer pay EHT. The government is also supporting regional economic growth through initiatives such as the Eastern Ontario Development Fund (EODF) and the Southwestern Ontario Development Fund (SWODF), which support local companies, promote regional economic development and enhance Ontario’s overall economic competitiveness. Through the 2013 Budget, the government wants to create jobs and support regional economies, while helping people with their everyday lives. |
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