Estimate of total annual cost to the Ontario treasury (for the 2023-24 fiscal year) of revenue-reducing measures since November 2018

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The table above errs on the side of caution in estimating the value in the current fiscal year (2023-24) of five years of new provincial tax cuts, fee cuts, and tax credits. Figures used are from Ontario Ministry of Finance budgets and fiscal updates, the Public Accounts, provincial Taxation Transparency Reports, and the Financial Accountability Office. Where 2023-24 numbers are not available, best estimates or the most recent available numbers are used.

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