{"id":11103,"date":"2024-03-25T09:50:17","date_gmt":"2024-03-25T13:50:17","guid":{"rendered":"https:\/\/bobbaileympp.com\/?p=11103"},"modified":"2024-03-27T09:51:06","modified_gmt":"2024-03-27T13:51:06","slug":"ontario-extending-gas-tax-cuts-to-keep-costs-down-for-families","status":"publish","type":"post","link":"https:\/\/bobbaileympp.com\/ontario-extending-gas-tax-cuts-to-keep-costs-down-for-families\/","title":{"rendered":"Ontario Extending Gas Tax Cuts to Keep Costs Down for Families"},"content":{"rendered":"\n

Continued gas tax cuts would save households $320 on average since 2022<\/p>\n\n\n\n

March 25, 2024<\/strong><\/p>\n\n\n\n

Office of the Premier<\/a><\/p>\n\n\n\n

Finance<\/a><\/p>\n\n\n\n

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Table of Contents<\/h2>\n\n\n\n
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  1. Content<\/a><\/li>\n\n\n\n
  2. Quick Facts<\/a><\/li>\n\n\n\n
  3. Additional Resources<\/a><\/li>\n<\/ol>\n\n\n\n
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    TORONTO<\/strong> \u2014 To continue keeping costs down for families and businesses, the Ontario government is introducing proposed legislation through its spring 2024 Budget<\/em> that would, if passed, extend the existing gasoline and fuel tax rate cuts until December 31, 2024.<\/p>\n\n\n\n

    \u201cWith the federal government about to increase its costly carbon tax, it\u2019s never been more important to provide relief at the pumps and put hundreds of dollars back into peoples\u2019 pockets. That is why we are extending our gas tax cut,\u201d said Premier Doug Ford. \u201cI urge the federal government to join us by scrapping its planned 23 per cent carbon tax hike on April 1, which will only make life more expensive for hardworking Ontario families.\u201d<\/p>\n\n\n\n

    The Ontario government temporarily cut the gasoline tax by 5.7 cents per litre, and the fuel (diesel) tax by 5.3 cents per litre, from July 1, 2022 to June 30, 2024. Today\u2019s announcement would ensure the rates remain at 9 cents per litre until December 31, 2024, saving Ontario households $320 on average over the two and a half years since the tax rate cuts were first introduced.<\/p>\n\n\n\n

    \u201cOur government understands that high inflation and interest rates are hurting Ontario workers and their hard-earned paycheques,\u201d said Peter Bethlenfalvy, Minister of Finance. \u201cThat\u2019s why we acted early to keep costs down and will continue to support Ontario families at the pump with our latest gas tax cuts.\u201d<\/p>\n\n\n\n

    The proposed extension to the gasoline and fuel tax rate cuts builds on the government\u2019s additional measures to help put more money back into people\u2019s pockets, including:<\/p>\n\n\n\n