Provincial tax rate cut of 31.25 per cent would save more than 375,000 small businesses up to $5,000 per year News Release | April 2nd, 2026 UXBRIDGE — The Ontario government is delivering on its plan to protect Ontario by building a more competitive, resilient and self-reliant economy with a $1.1 billion cut to the small business corporate income tax (CIT), from 3.2 per cent to 2.2 per cent, over the next three years. This tax cut, which is a 31.25 per cent cut to the exis
