Ontario’s plan to cut business taxes and offer tax credits is helping to create the jobs of the future by making the province a great place to launch innovative new companies.

The Premier today visited Polar Mobile — a company that builds and designs applications that run on mobile devices. Started in 2007 in Waterloo, it has quickly grown to become a world-leader in helping entertainment, sports and non-profit organizations reach new audiences. The company has doubled in size in the last year and employs 40 Ontarians, up from 20 a year ago.

Recent tax relief for Ontario businesses includes:

• Reducing overall business taxes by 28 per cent over 3 years
• Reducing small business income taxes by 18 per cent
• Eliminating the small business deduction surtax entirely
• Enhancing the Ontario Interactive Digital Media Tax Credit for labour, marketing and distribution expenses.  

Ontario’s comprehensive tax package is part of the Open Ontario Plan, a five-year initiative to create new jobs, boost economic growth and protect the progress that Ontario families have made in their schools and hospitals.