Commission on the Reform of Ontario's Public Services

TABLE 11.1 Total Business Tax Relief by Sector — Annual Savings 1,2
($ Millions)
Sector Harmonized
Sales Tax
(HST)
Chapter 11: Business Support
Corporate
Income Tax
(CIT) Capital Tax 3 Total
Agriculture 30 15 s 45
Forestry, Fishing and Hunting 20 s s 20
Mining, Utilities, and Oil and Gas 120 35 85 240
Construction 2,115 145 50 2,310
Manufacturing 465 280 275 1,020
Wholesale Trade 400 255 90 745
Retail Trade 255 120 55 430
Transportation and Warehousing 550 50 50 650
Information and Cultural Industries 575 95 105 775
Financial Services (except Insurance) (875) 685 740 550
Insurance (160) 190 10 40
Real Estate (50) 125 95 170
Rental and Leasing 90 25 40 155
Professional, Scientific and Technical Services 445 285 165 895
Other Services (except Public Administration) 390 195 75 660
Total Business 4,370 2,500 1,835 8,705
1 Represents the annual savings following the full phase-in of the tax measures in 2011 dollars. Savings do not include more than $700 million annually in
business education tax reductions and targeted tax measures introduced in 2009, and over $635 million in annual compliance cost savings from a single
HST administration and a single corporate tax administration.
2 Annual savings of less than $5 million are denoted by the letter “s” (small).
3 Capital tax savings compared to the capital tax structure before the 2004 Ontario Budget measures.
Source: Ontario Ministry of Finance, December 2011.
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