Ontario to introduce legislation to temporarily cut gas tax
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Loading... - Ella Jones
- 04 Apr 2022
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The provincial government will introduce legislation Monday to temporarily cut gas and fuel taxes beginning July 1, a senior government source says.
The legislation would result in the gas tax being cut by 5.7 cents per litre and the fuel tax by 5.3 cents per litre for six months, the source said.
It will mark the first time in more than 30 years that there has been a direct cut to the province’s gas and fuel taxes.
In the 2018 provincial election, one of Doug Ford’s key promises was to lower gas prices by 10 cents per litre including the gas tax cut and eliminating the cap-and-trade system, a move that was meant to lower prices by 4.3 cents.
The province eliminated the cap-and-trade system, but that triggered the federal carbon tax, negating the 4.3 cent cut. Read More...
