Doug Ford Promises to Cut Ontario’s Corporate Income Tax

Moody’s downgrades outlook on province's finances

Ontario PC leader Doug Ford takes questions from journalists during a pre-budget lock-up at the Queens Park Legislature in Toronto on March 28. The Canadian Press/Chris Young

TORONTO—Ontario’s Progressive Conservatives promised on April 18 to cut the provincial corporate income tax if they win the spring election, saying the move would stimulate job growth and boost the economy.

Newly minted Tory Leader Doug Ford said his party would cut the rate from the current 11.5 percent to 10.5 percent.