Ontario's competitive advantage is particularly strong in the area of employee benefits costs. The employee benefits costs are 10 to 15% lower in Ontario compared to similar benefits in the United States.
|Ontario Benefits||Programs||% of Wage|
|Mandatory||Canada Pension Plan, Employment Insurance, Workers Safety Insurance, Vacation, Employer Health Tax||13.82%|
|Optional||Retirement & Pension Plan, Life Insurance & Death Benefits, Major Health Insurance, Short-term & long-term disability, dental, vision, physical & mental fitness programs||10.22%|
|U.S. Benefits||Programs||% of Wage|
|U.S. Total||Comparable to Ontario*||35-40%|
Source: Ontario Ministry of Economic Development 2009
*costs range depending upon location, insurance plans, carriers & corporate policies
Property Tax and Tax Rates
Property taxes are collected based on a percentage of the property’s current market value assessment (CVA). Each municipality is required to collect property taxes, and set the tax rate for the various property types. Municipal tax rates vary depending on the property type.
The annual tax bill is calculated by applying the tax rate against the current market value assessment of the property
Property assessment is the responsibility of the Municipal Property Assessment Corporation. For more information, visit their website at www.mpac.ca
For more information on municipal tax rates, please contact your local municipality:
Links to local municipalities
Adelaide Metcalfe – email
Newbury – email
North Middlesex – email
Southwest Middlesex – email
Thames Centre – email
Provincial Harmonized Sales Tax
As of July 1, 2010, Ontario harmonized its retail sales tax with the federal goods and service tax (GST) to implement the HST at the rate of 13%.
HST is charged on purchases of taxable supplies of property and services. A limited number of sales or supplies are exempt from HST.
Although the consumer pays the tax, businesses are generally responsible for collecting and remitting it to the government. Businesses are required to file returns on a regular basis, collect the tax on taxable supplies they make in Canada, and remit any resulting net tax owing.
The Canada Revenue Agency administers the HST. For more information visit their website or call 1 800 959-5525.
Ontario Ministry of Revenue www.rev.gov.on.ca/en/taxchange/hst.html
Industrial Development Charges
|Municipality||Industrial Development Charges||$ / m2|
|Adelaide Metcalfe||No Industrial Development Charges|
|Lucan Biddulph||No Industrial Development Charges|
|Ilderton||$20.12 / m2|
|Ilderton West||$24.35 / m2|
|Middlesex Centre||Komoka/Kilworth||$17.95 / m2|
|Delaware||$17.86 / m2|
|Remainder of Municipality||$4.29 / m2|
|Newbury||No Industrial Development Charges|
|North Middlesex||No Industrial Development Charges|
|Southwest Middlesex||No Industrial Development Charges|
|Strathroy-Caradoc||Strathroy & Mt. Brydges||$27.33 / m2|
|Other||$23.26 / m2|
|Thames Centre||No Industrial Development Charges|
Contacts for further information on Development Charges: