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Government to introduce legislation to cut gas tax by 5.7 cents per litre and fuel tax by 5.3 cents per litre
As part of its plan to keep costs down for Ontario families and businesses, the Ontario government is introducing legislation that would, if passed, cut 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, 2022.
Vehicle owners in Ontario would see significant direct savings from this proposed gas tax cut and the recently announced elimination of licence plate renewal fees, with households benefitting from an average combined savings of about $465 in 2022.
“Ongoing supply chain challenges and geopolitical conflicts are pushing up the cost of living from gas to groceries,” said Peter Bethlenfalvy, Minister of Finance. “With these added pressures, families and businesses need extra help to keep costs low. That is why our government is bringing forward legislation to provide tax relief at the pumps and put money back into people’s pockets.”
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