Ontario announces temporary gas and fuel tax cut
By Canadian PizzaNews Business and Operations Delivery
Toronto – The Ontario government is cutting the gas tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre for six months, beginning July 1.
“It has never been more important to get it done and provide Ontarians with real relief,” Premier Doug Ford said in a news release. “This gas tax cut will provide more relief at the pumps for hardworking families and businesses and put more money back in their pockets, where it belongs.”
Effective July 1 until Dec. 31, 2022, the gas tax rate will be cut from 14.7 cents per litre to 9 cents per litre, representing a cut of 5.7 cents per litre. The fuel tax rate, which applies to diesel, will be reduced from 14.3 cents per litre to 9 cents per litre, representing a cut of 5.3 cents per litre. When combined with the 4.3 cents per litre savings from the elimination of the previous government’s cap and trade carbon tax, the reduction in provincial taxes and charges on gas totals 10 cents per litre.
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