Ontario Cutting Gas and Fuel Taxes for Six Months
This week the Ontario government has introduced legislation that would, if passed, cut the gas tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre for six months beginning July 1, 2022. Effective until December 31, 2022, the gas tax rate would be cut from 14.7 cents per litre to 9 cents per litre, representing a cut of 5.7 cents per litre. The fuel tax rate, which includes diesel, would be reduced from 14.3 cents per litre to 9 cents per litre, representing a cut of 5.3 cents per litre. This government believes the proposed tax cut would provide industries the required time to adjust their systems and business processes.
For more information, contact Chelsea Goberdhan at 1-800-267-2231 ext. 236, or email cgoberdhan@hrai.ca.
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