p44 s1 bill 127 b127 e.pdf

Ontario — Bills

1ST SESSION, 44TH LEGISLATURE, ONTARIO CHARLES III, 2026 Bill

An Act to amend the Taxation Act, 2007 to reduce taxes for individuals who are under the age of Co-sponsors: Mr. R. Cerjanec Ms S. Bowman Private Members’ Bill 1st Reading May 27, 2026 2nd Reading 3rd Reading Royal Assent Bill

An Act to amend the Taxation Act, 2007 to reduce taxes for individuals who are under the age of His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows: 1 (1) Subsection 6 (1) of the Taxation Act, 2007 is amended by adding “Subject to subsection (1.1)” at the beginning.

(2) Section of the Act is amended by adding the following subsection: Exception for individuals under the age of 27

(1.1) For every taxation year ending after December 31, 2026, the amount that is calculated using the lowest tax rate under paragraph of subsection (1) in respect of an individual’s taxation year is deemed to be $0 if the individual is under the age of on the first day of the taxation year.

(3) Section of the Act is amended by adding the following subsections: Automatic repeal (3) Subsection (1.1) is repealed on the fifth anniversary of the day the Fair Start for Young Workers Act, 2026 received Royal Assent unless the Assembly adopts a resolution stating that subsection (1.1) should not be repealed. Ongoing need for resolutions

(4) If a resolution described in subsection (3) is adopted by the Assembly, subsection (1.1) is repealed on the next five-year anniversary of the day the Fair Start for Young Workers Act, 2026 received Royal Assent unless the Assembly adop ts another such resolution in the five-year period prior to that anniversary, and this requirement continues to apply to every subsequent five-year anniversary of that day. Transition

(5) If subsection (1.1) is repealed under subsection (3) or (4), subsection (1.1) continues to apply to the taxation year in which it was repealed. Commencement This Act comes into force on the day it receives Royal Assent.

Short title The

short title of this Act is the Fair Start for Young Workers Act, 2026. ______________ EXPLANATORY NOTE The Bill amends the Taxation Act, 2007. Currently,

section of the Act sets out the rules for calculating the basic personal income tax for an individual during the taxation year, which is determined by multiplying different levels of the individual’s income by progressive tax rates. The amendments provide that, for every taxation year ending after December 31, 2026, the amount owing in respect of the part of a n individual’s income that is ordinarily taxed at the lowest tax rate is $0 if the individual is under the age of at the start of the taxation year.

This provision would be automatically repealed five years after Royal Assent unless the Assembly adopts a resolution stating that the provision should not be repealed. A new resolution would be needed every five years to prevent the automatic repeal.

Document details

Collection	Ontario — Bills
Citation	p44 s1 bill 127 b127 e.pdf
Type	bill
Volume / chapter	p44 s1 bill 127 b127 e.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	aab0e42ba1fb78b08a2d46c97f12f9f0778c224d

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