Ontario Extending Gas and Fuel Tax Cuts to June 30, 2024

The province continues to put more money back in people’s pockets

To help Ontario families and businesses keep costs down, the Ontario government will be proposing legislation through its upcoming 2023 Fall Economic Statement that would, if passed, extend the gasoline and fuel tax rate cuts to June 30, 2024, saving households $260 on average since the tax cuts were first introduced.

Since July 1, 2022, Ontario has lowered the gasoline tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre. The government is proposing to extend the rate cuts so the tax rate on gasoline and fuel (diesel) would continue to remain at 9 cents per litre until June 30, 2024.

The proposed extension to the gasoline and fuel tax rate cuts builds on the government’s other measures to help put more money back into people’s pockets, including:

Generating $1.1 billion per year in savings, for a total of $3.3 billion since March 2020, to Ontario vehicle owners by refunding licence plate renewal fees and stickers. Eliminating local transit fares on most local transit agencies in the Greater Golden Horseshoe for riders connecting to and from GO Transit, making it more affordable and convenient for families and workers to commute. Increasing the general minimum wage by 6.8 per cent to $16.55 per hour as of October 1, 2023. Providing an estimated $115 million through the Ontario Seniors Care at Home Tax Credit this year to over 200,000 low-to moderate-income seniors with eligible medical expenses.

The government continues to call on the federal government to, at the very least, pause increases to the carbon tax.