Ontario Extends Fuel Tax Cut For an Additional Year
Ontario premier Doug Ford announced Sunday that the gasoline and fuel tax rate reduction instated in the spring will be extended for another year. The tax rate on gasoline and diesel will remain at 9 cents per litre until December 31, 2023.
"At a time when inflation has reached the highest levels in over four decades, we know families are feeling the pressure from rising prices on everything from gas to groceries," Ontario Premier Doug Ford said in a statement, adding the gas tax cut extension is aimed at "providing real relief.”
- Also: Ontario Proposes Temporary 5.7 Cents Fuel Tax Cut
- Also: Alberta to Stop Collecting Provincial Fuel Tax April 1
According to the Ford government, this proposal to extend the gasoline tax cut for another year would save Ontario households an average of $195 over an 18-month period - or $10.83 per month - between July 1, 2022, and December 31, 2023. Last spring, Ontario passed legislation to reduce gasoline taxes by 5.7 cents per litre and fuel taxes by 5.3 cents per litre for six months, from July 1, 2022, to December 31, 2022.
