Nipissing MPP Vic Fedeli is impressed by the recent numbers relating to job growth in the province.
Statistics Canada announced recently that employment in Ontario increased by 15,400 in November. Since June 2018, employment in Ontario has risen by 271,600.
"Our role as government is to lower the cost of doing business to make Ontario open for business, open for jobs and open for trade," said Vic Fedeli, Minister of Economic Development, Job Creation and Trade in a release.
"That is why our government is committed to cutting red tape and taking concrete steps to create a competitive business landscape that will create jobs across the province."
The Ontario government is proposing to pass a package of over 80 proposed actions to eliminate unnecessary or outdated rules and streamline regulations that need updating.
The Better for People, Smarter for Business Act, along with regulatory changes, will simplify and modernize regulations that we need, while eliminating requirements that are outdated or duplicative, making regulatory processes more efficient for business and better for people.
The government is also proposing to reduce the small business tax rate by 8.7 per cent as of January 1, 2020. If passed, this would provide tax relief of up to $1,500 annually to over 275,000 businesses that benefit from the small business Corporate Income Tax rate - from family-owned shops to innovative start-ups.
"Ontario is heading in the right direction," said Fedeli.
"We are giving businesses the tools they need to lay the foundation for economic growth that will benefit workers and job creators alike."
