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

Ontario increases manufacturing tax credit rate to 15% and allocates $150 million to support SMEs against U.S. tariffs, aiming to boost competitiveness and job growth.

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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