The Ontario Corporate Tax Debate
There's a big fight over corporate taxes in Ontario. The main political parties are proposing different rates. Doug Ford's Progressive Conservatives promise to lower corporate taxes, while Andrea Horwath's New Democrats want to raise corporate taxes. Meanwhile, Kathleen Wynne's Liberals are proposing no change. This debate is particularly interesting because Ontario's economy is flourishing, with business profits reaching record highs. Unincorporated businesses are not liable for Ontario corporate tax If you want to operate a business without the need for a formal entity, you can go unincorporated. This way, you can run your business out of your home or even…