Ontario Premier Doug Ford will promise to cut income tax for Ontarians who earn less than $50,000 per year in his 2022 budget.
The expected change, which likely isn’t expected to take place until after the election would increase eligibility for the Low-Income Individuals and Families tax credit from $38,000 to $50,000.
Around 1.1 million people could see an average of $300 more in tax relief for 2022.
The budget is expected to show much of the PC campaign platform such including a refund for licence plate renewal fees and six months of relief at the gas pumps and a 50 cent minimum wage increase.
Finance Minister Peter Bethlenfalvy will table the budget later today.
