Canada’s Ontario sees smaller deficit on higher tax revenue

OTTAWA/TORONTO — Ontario, Canada’s most populous province, said on Tuesday it expected a smaller budget deficit as soaring inflation boosted tax revenue projections for the current fiscal year. The province projected a budget deficit of C$18.8 billion ($14.6 billion) for the 2022-23 fiscal year, compared to a C$19.9 billion deficit seen in the budget in [……
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