The Ontario Budget—a Deterrent to Gross Inflationary Trends
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 25 Apr 1974, p. 343-349
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The Ontario Budget—a Deterrent to Gross Inflationary Trends


The deterrence of gross inflationary trends the major purpose of the Ontario budget. A detailed discussion of that budget follows. Some major topics include the land speculation tax and the land transfer tax described as innovative and pioneering measures in an effort to control land prices. Government purpose with these measures is to "set fair rules of the game within which the private sector is to be encouraged in the direction of economic activity and a higher standard of living for everyone." The Toronto-Centred Regional Plan. The ultimate control of Ontario land by Ontario residents. Data provided by new taxes to provide a reasonable assessment of foreign investment in Ontario property. The Ontario budget for 1974-75 a social document as well as a fiscal one.