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Ontario Expands Tax Credit, Trade Support for Manufacturers in Fall Economic Statement

Ontario raises manufacturing tax credit to 15% and allocates $100 million to trade programs to support SMEs amid tariff challenges, aiming to boost economic resilience.

Summary by PLANT
Ontario’s Minister of Finance, Peter Bethlenfalvy, released the province’s  2025 Ontario Economic Outlook and Fiscal Review: A Plan to Protect Ontario on Nov. 6, outlining new measures aimed at strengthening economic resilience and competitiveness. Several initiatives in the plan are aimed at supporting manufacturers, particularly those affected by trade disruptions and higher operating costs. A key proposal would enhance the Ontario Made Manufa…

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Caribbean News Global broke the news in on Friday, November 7, 2025.
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