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income tax

Federal and provincial governments making Ontarians a fool this year

on Sun, 03/31/2019 - 23:50

April Fools' Day is usually a day of fun by playing practical jokes or spreading hoaxes, but this year’s April Fools' Day is absolutely not fun for Ontarians. Particularly to our finances. 

What is changing on April 1, 2019
Carbon tax
The federal government's $20-per-tonne carbon tax kicks in on April 1 in four provinces, including Manitoba, Saskatchewan, Ontario and New Brunswick. The carbon tax will result in an approximate cost increase of 4.4 cents a liter for gasoline, 3.91 cents per cubic meter for natural gas and 3.10 cents a liter for propane.