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Report: Liberal budget will include tax hikes

When the Ontario Liberals introduce the budget on Thursday, they will announce a couple of tax hikes

The Ontario budget will increase taxes on high income earners, tobacco and aviation fuel, according to a document obtained from a source outside the Liberal government.
   
What is said to be a 2014 budget overview prepared for the Liberal cabinet and provided to The Canadian Press on condition that the source remain anonymous says the government will increase personal income taxes on ``higher-income earners.''
   
The document does not specifically define that income level or say how big a tax increase is planned for upper income earners. But a Toronto Star report Tuesday quotes sources as saying the new tax will be levied only on income earned above $150,000.
   
Premier Kathleen Wynne had already ruled out hiking taxes on the middle class to pay for transit and infrastructure, and rejected recommendations to increase the tax on gasoline or boost the HST.
   
The purported cabinet document also says the Liberals will phase in a four-cent-per-litre tax hike on aviation fuel over four years, restrict tax credits for large corporations and stop construction companies from claiming the fuel tax exemption.
   
Finance Minister Charles Sousa's spokesman Andrew Chornenky would not confirm or deny the authenticity of the document. He and the premier's spokeswoman, Zita Astravas, also would not confirm or deny the reported tax hikes.
   
The document says the increases are part of efforts to raise $29 billion over 10 years for public transit and infrastructure projects
   
Astravas would only say Sousa will be presenting a ``bold plan'' on Thursday that will ``help create jobs, build transit and infrastructure and provide Ontarians with the retirement security that they deserve.''
   
The document says the Liberals will also dedicate revenues from new high-occupancy toll lanes to transit projects, something the New Democrats call ``Lexus lanes'' and say they will not support.
   
It also indicates the Liberals planned to dedicate 7.5 cents of the existing provincial tax on gasoline and diesel fuel to transit, issue so-called green bonds to raise cash for projects and is also prepared to borrow money when needed.
   
Critics point out that dedicating gas tax revenues to transit and infrastructure will leave a big hole elsewhere in the budget, when the government is already facing an $11.3 billion deficit.
   
But the document says the Liberals hope to raise enough money to replace 5.5 cents of the 7.5 cents per litre through new revenue tools in the budget, including ``personal income tax measures, tobacco tax measures and revenue integrity measures.''
   
Sousa recently talked about bringing private investors into Ontario Power Generation, Hydro One and the LCBO to get a better return for taxpayers, and the leaked document shows the Liberals will rely on ``certain asset sales,'' but offers no specifics.
   
It also says the government will set up two dedicated funds for infrastructure, with $15 billion for the heavily-congested Toronto-Hamilton corridor and $13.9 billion for the rest of Ontario.
   
The Progressive Conservatives have already made it clear they want an election as soon as possible and will vote against Thursday's budget.
   
NDP Leader Andrea Horwath said Tuesday she will read the budget carefully before deciding if her party can support the Liberals for the third consecutive budget or if they will team with the Tories to defeat the minority government and trigger a June election.
   
There have been other leaks of budget documents. Earlier this month, the Progressive Conservatives released documents they obtained that detailed a month-long rollout of pre-budget announcements.
   
Although the Liberals refused to confirm details, many of the announcements were made according to the schedule outlined in the leaked documents.

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  • 33
  1. Jack posted on 04/29/2014 06:42 PM
    Of course the budget will involve tax hikes, this is the Liberals we're talking about. A Liberal MP can't blow her own nose without making it harder for taxpayers to afford both rent and groceries in the same month.
    1. Brief and to the Point posted on 04/29/2014 08:38 PM
      @Jack Boo hoo ... those earning $150,000 00 and above will see an increase.
      Cry me a river.
    2. Jim posted on 04/30/2014 11:15 AM
      @Brief and to the Point Problem is a lot of those top earners are the people who's assets create the jobs that the middle class needs. Make it more expensive for them and soon they and their assets and the job they create and support are gone.

      Besides, why do we in Ontario always seem to punish those who are successful?
  2. Greg posted on 04/30/2014 02:34 AM
    In other news, today's rain fall will contain water.
    1. john posted on 04/30/2014 02:00 PM
      @Greg i bet Wynne would be hoping there is not . look what happened to the wicked witch of the west .
  3. Frankie posted on 04/30/2014 06:34 AM
    More money for the Liberals to "steal" and mismanage.
  4. Mark posted on 04/30/2014 08:10 AM
    Of course the Libranos need more tax money. That's all they ever need, is more and more money from citizens so they can waste more money and deliver less services.

    The sooner we get rid of these corrupt incompetent idiots the better, however, the damage they have done to the province will haunt us for generations.

    In Ontario, we have enemies. These enemies are only concerned about their own short term gain and have no interest or concern about Ontario's future.

    These enemies are liberal voters, teachers, the public sector unions, and the Libranos themselves.
    1. Frankie posted on 04/30/2014 09:17 AM
      @Mark These "enemies" keep growing. What happens when they become the majority? Frightening, isn't it.
    2. Adriane Taylor posted on 04/30/2014 11:25 AM
      @Frankie What happens when they become the majority??!!...let's see...Ornge, e-Health, Ben Levin, College of Trades, the Windsor bridge (which could fall down any second now) a selected so-called premier that doesn't have the guts to go back to The People for a genuine mandate...money squandered, henchmen promoted, irrevocable trusts set up so money can be funnelled into the coffers of diehard Liberal cronies, pomposity, arrogance, and hubris coming out of their ying yangs...Please my fellow Ontarians...think twice...one more term for the Lieberals will be the end of Ontario.
    3. Adriane Taylor posted on 04/30/2014 11:36 AM
      @Frankie What happens when there is a majority??!!!....Ornge, e-Health, Gas Plants, Ben Levin sex education for little kids, Windsor Bridge (falling down), Trust Funds set up to divert funds to Lieberal cronie
      hubris, arrogance, pomposity....a selected premier who doesn't have the guts to go back to The People of Ontario for a legitimate mandate....like we had before MCGuilty gave up and walked away.
  5. Peter posted on 04/30/2014 09:16 AM
    .
    "More tax increases".
    When we hear that, don't you think we need someone special and different in
    charge that would refuse to allow any tax increase no matter what.

    - Someone with Mayor Ford's credo: -Stop the gravy train, and know how to
    party to boot.
    - Someone who is creative and would get sick to the stomach
    just thinking of a tax increase.

    The time is ripe to start a trend in Ford Economics. Maybe Doug Ford can
    lead off at the provincial level, but I am sure that there are other prospects
    burgeoning. After all, this is what we want.

    .
    1. Sonny posted on 04/30/2014 10:34 AM
      @Peter I am alright with the tax increase on those making more the $150,000 because it will pay for services. There is a reason why Doug Ford is not running for the PCs...
    2. Brief and to the Point posted on 04/30/2014 01:26 PM
      @Peter Ford Math - ha ... ha ... ha ... !!!
      1 + 1 = 1 BILLION
  6. Peter posted on 04/30/2014 09:17 AM
    .
    "More tax increases".
    When we hear that, don't you think we need someone special and different in
    charge that would refuse to allow any tax increase no matter what.

    - Someone with Mayor Ford's credo: -Stop the gravy train, and know how to
    party to boot.
    - Someone who is creative and would get sick to the stomach
    just thinking of a tax increase.

    The time is ripe to start a trend in Ford Economics. Maybe Doug Ford can
    lead off at the provincial level, but I am sure that there are other prospects
    burgeoning. After all, this is what we want.

    .
  7. JIm C posted on 04/30/2014 09:50 AM
    Jet Fuel Tax = higher ticket prices = shuffle off to Buffalo (airport)
  8. Ziggy posted on 04/30/2014 10:04 AM
    That picture gives me a craving for microwave popcorn
    1. john posted on 04/30/2014 10:41 AM
    2. Mark7 posted on 05/01/2014 12:12 PM
      @Ziggy HAHAHA She does look like Orville Redenbacher. So sad that someone with her problems was ever voted in as a leader. She needs to get her life in order first.
  9. Mark7 posted on 04/30/2014 10:17 AM
    All Ontario parties will raise taxes when elected, those that say they won't are liars. Some, like Ford Nationers actually believe that taxes will be reduced.

    The only job that politicians have is to get reelected...they will say anything, promise everything to keep their jobs. They know that no one will name a building after them if they close it, so they need to fool the people all of the time.

    Ford and Harper are worse than Wynne...at least she's up front about the real costs of running the province.
    1. Peter posted on 04/30/2014 10:32 AM
      @Mark7 .
      Thank you for your comment Mark7

      Some people believe that tax hikes are necessary, but others believe that efficiency hikes are necessary. It would be short sighted to believe there is only one type of politician that follows the same groove.

      It is Harper and Wynne who are worse than Ford. at least Ford is up front about the state of things, even his personal life, and he is blunt about expressing it, - so efficient.
      Anyway, I give you a thumbs up for your try.

      Thank you NewsTalk 1010
      .
    2. Mark7 posted on 05/01/2014 12:16 PM
      @Mark7 Use you own name and stop using mine twit. Ford is the exception to what you have posted. Brother you have major issues!

      "Ford and Harper are worse than Wynne...at least she's up front about the real costs of running the province."

      WHAT?!!! She is a proven liar like all Fiberals that sheeple like you continually fall for. With a criminal Fiberal government, the costs to run the province are those of wasteful spending and STEALING!
  10. john posted on 04/30/2014 10:30 AM
    my friend has owns a company and he was talking about it i told him this .


    if a politician walks into your store and buys something charge them 30% over the price . if thay complain tell them this .

    well if u have the right to raise the taxes for no reason . i should have the right to raise my prices when a politician comes into my store .

    he is going to give it a try .
    1. Peter posted on 04/30/2014 10:33 AM
      @john .
      Now that's being creative! I like that.
      .
    2. john's mom posted on 04/30/2014 01:30 PM
      @john John, your friend, Billy's lemonade stand isn't really a company, silly.
    3. john posted on 04/30/2014 02:07 PM
      @john's mom he owns a military surplus store asshole .
    4. Mark7 posted on 05/01/2014 12:18 PM
      @john's mom The day CFRB1010 gets rid of you troll, will be a day of justice served. Reported you as I always do, punk.
  11. john posted on 04/30/2014 10:37 AM
    of course there is going to be tax hike . only thing these assholes are good at .

    liberals = fu#%$#@#@cks things up

    cons = fix things up

    NDP = all talk and no action . and prop up the criminal liberal government .
  12. Adriane Taylor posted on 04/30/2014 10:39 AM
    Higher taxes are just one of the ways we are being screwed over by the Lieberals....since the media seems to have dropped the ball on Kathleen Wynne's transitional team member (and important contributor to the child sex eduction in Ontario schools which appears to be grooming children and which Liz Sandals has indicated is only on hold and has not been cancelled) I have been trying to find out as much information about him as possible. Reelect this Gover*ment at your peril.
  13. Mark7 posted on 04/30/2014 11:48 AM
    Can bitch Wynne look any uglier with her despicable face and man hands? lol Besides that, she is nothing but an incompetent, non caring, criminal Fiberal. Not worth a vote, never will be.
  14. Jery posted on 04/30/2014 11:55 AM
    This tax hike on the $150,000+ earners will hurt Premier Wynne's vote base of the Privileged, I mean Public Worker Union members on the Sunshine List. Oh, wait, no, she will just meet in secret with them and boost their income to offset the tax increase. Silly me, what was I thinking? Never mind.
    1. Adriane Taylor posted on 04/30/2014 12:29 PM
      @Jery Her supporters have nothing to fear....from all accounts she has set up Trust funds to siphon tax dollars to her Lieberal friends. There seems to be no length to which these pompous fools will go to to stay in power.
  15. don was right posted on 04/30/2014 11:57 AM
    Coming soon to Ontario if this bunch of idiots gets re elected. In quebec now, two gay guys getting IVF so they can have a baby. $85 million worth of gay guys having babies. And lesbians of course.
  16. Mark7 posted on 04/30/2014 02:23 PM
    Does anyone here notice how again the Criminal Fiberal supporters are no where to be found, like in all articles showing them as the crooks they are? Not me. lol
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