Cutting Taxes on Small Businesses Act, 2025
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- Increases the Ontario small business deduction rate from 8.3 per cent to 9.9 per cent
- Raises the business limit for the small business deduction from $500,000 to $600,000
- Adjusts the surtax formula for Ontario small businesses to match the new $600,000 limit
- Changes take effect on January 1, 2026
- Also known as the Cutting Taxes on Small Businesses Act, 2025