Open For Business Act Passes

October 21, 2010

McGuinty Government Supporting Businesses To Create Jobs And Growth

Ontario is creating faster and more streamlined government-to-business services that respond to the needs of businesses, while helping save time and money.

Today, the Ontario Legislature passed the Open for Business Act, which will create a more competitive business climate, while continuing to protect the environment and Ontarians’ interests.

The Act contains more than 100 amendments that will offer a range of improvements, including:

  • Establishing a modern, risk-based approach to environmental approvals, which could save businesses time and money on approvals.
  • Making it easier for professionals, such as internationally trained engineers, to work in Ontario by removing the citizenship and permanent residency requirements for a Professional Engineer Licence.

Making it easier for businesses to create jobs supports the government’s Open Ontario plan for a strong economy.

QUICK FACTS

  • The measures included in the Act were developed in consultation with partners representing businesses, labour, environmental, agriculture, and professional organizations.
  • As a result of our comprehensive tax package, the marginal effective tax rate on business investment in Ontario is being cut in half, making Ontario businesses more competitive.
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