Ontario Cuts Small-Business Tax Rate and Expands Advisory Support

Ontario’s 2026 budget cuts the small-business corporate income tax rate from 3.2% to 2.2%. The province says the change will provide $1.1 billion in relief and save more than 375,000 small businesses up to $5,000 a year.

• Business support: $49 million over three years for Ontario Small Business Advisory Centres.
• What’s available: One-on-one consultations, training, provincial programs and grants at more than 50 locations.
• The statement also points to ongoing support through Futurpreneur and Summer Company for young entrepreneurs.