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    FRANK LEO & ASSOCIATES

    #1 RE/MAX TEAM IN TORONTO & THE GTA**

    Premier Doug Ford’s government will be introducing legislation that will temporarily reduce gasoline and fuel taxes. A news release was issued Monday and explained the gas tax would be reduced 5.7 cents per litre and the fuel tax by 5.3 cents per litre. The tax will be introduced on July 1 and will last for a period of six months. 

    Peter Bethlenfalvy, the Minister of Finance said “ongoing supply chain challenges and geopolitical conflicts are pushing up the cost of living from gas to groceries, …With these added pressures, families and businesses need extra help to keep costs low. That is why our government is bringing forward legislation to provide tax relief at the pumps and put money back into people’s pockets.”

    This would be the first time Ontario has reduced its gas tax in over 30 years. There has currently been a surge in gas prices across the country and Ontario is preparing for a spring election campaign. Ford made a promise to reduce gas prices in the last election but has resisted change up until now. 

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