The Ontario budget will increase taxes on high income earners, tobacco and aviation fuel, according to a document obtained from a source outside the Liberal government.
What is said to be a 2014 budget overview prepared for the Liberal cabinet and provided to The Canadian Press on condition that the source remain anonymous says the government will increase personal income taxes on "higher-income earners."
The document does not specifically define that income level or say how big a tax increase is planned for upper income earners. But a Toronto Star report Tuesday quotes sources as saying the new tax will be levied only on income earned above $150,000.
