SoVote

Decentralized Democracy

Stephanie Bowman

  • MPP
  • Member of Provincial Parliament
  • Don Valley West
  • Ontario Liberal Party
  • Ontario
  • Suite 101 795 Eglinton Ave. E Toronto, ON M4G 4E4 sbowman.mpp.co@liberal.ola.org
  • tel: 416-425-6777
  • fax: 416-425-0350
  • sbowman.mpp.co@liberal.ola.org

  • Government Page
  • Jun/4/24 11:10:00 a.m.

The government has been very busy over the last week defending their latest blunder: the billion-dollar booze boondoggle paid for by Ontario taxpayers. They could have waited for about a year for the deal with the Beer Store to end. Instead, they keep the gravy train chugging along by wasting taxpayer dollars to cancel the deal today.

While small businesses struggle, this government gives money out hand over fist to big-box stores and—

Interjections.

Interjections.

My question to the Premier: Will he help fix his broken promise today by passing Bill 195, the Cutting Taxes on Small Businesses Act?

Small business owners need help from this government. The CFIB wants Bill 195 passed. The Tourism Industry Association of Ontario wants Bill 195 passed.

The CFIB has said that for every dollar spent at a local small business, 66 cents stays local, versus with multinationals, like some of those benefiting from the billion-dollar booze boondoggle, only 11 cents stays in Ontario.

Bill 195 is not complicated. It cuts the effective tax rate on small businesses in half, from 3.2% to 1.6%, and increases the income threshold for this deduction from $500,000 to $600,000. It will reduce taxes on small business by up to $17,900 a year. It will help them.

Through you, Speaker, to the Premier: What will it be, yes or no, to helping Ontario small businesses by passing Bill 195?

239 words
  • Hear!
  • Rabble!
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