Tax Law Alert - March 2009 - Budget 2009: Ontario Moves to Stimulate Business and Investment

On March 26, 2009, Ontario’s Finance Minister, the Honourable Dwight Duncan, tabled the Ontario government’s 2009 Budget, “Confronting the Challenge: Building Our Economic Future”. Acknowledging that Ontario’s economy is in a recession and that the current global economic crisis has created “real challenges for Ontarians”, the Budget seeks to build upon the government’s ongoing five-point economic plan through investments in skills and knowledge, infrastructure, innovation, key partnerships and lowering business costs.