A report from the Fraser Institute reveals that the provincial tax burden per Ontario resident, adjusted for inflation, is now higher than during the previous Liberal government. Tax revenue has steadily increased, rising from 12.1% of GDP in 2017/18 to a projected 13.4% in 2025. The per-person tax burden increased from $8,736 to $9,307, with a forecast of $9,406. The report suggests that eliminating the top two provincial tax brackets could reduce revenue by at least $5 billion, promoting economic growth and investment.
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