Progressive Conservative Leader Tim Hudak says he would create 120,000 new jobs in Ontario by making the province the lowest business tax jurisdiction in North America.
Hudak says reducing corporate taxes by 30 per cent is one step of his eight-year plan to create one million new jobs in the province.
To pay for the plan, Hudak says he will replace grants to businesses, which he is calling "corporate welfare," with the corporate tax reduction.
He says those programs favour "well-connected" businesses and cost taxpayers up to $2 billion per year.
Hudak says his initiative will send a "signal fire" across the world to encourage new investment in Ontario.
His announcement Saturday comes a day after he pledged to cut 100,000 public sector jobs as a way to help eliminate the $12.5-billion deficit by 2016.
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