Ontario may halt corporate tax cuts until 2017-18

Ontario Provincial Minister of Finance Dwight Duncan is seen in his office adjacent to Queen's Park in TorontoTORONTO (Reuters) – Ontario may cancel plans to cut corporate taxes until it balances its books in 2017-18, and will eliminate its C$16 billion ($16.1 billion) deficit by that date “come hell or high water”, the Canadian province’s finance minister said on Monday. The government of the country’s most populous province, and its industrial hub, will likely announce small privatization efforts and slightly improved growth and revenue projections in its budget, Finance Minister Dwight Duncan said. …

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