Premier Office Press Release


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Premier Office Press Release

  1. 1. NEWS Office of the Premier Ontario Attracting High Tech Jobs Tax Cuts And Credits Help Ontario Become Hub for Digital Media JobsNEWS December 8, 2010Ontario’s plan to cut business taxes and offer tax credits is helping to create the jobs of thefuture by making the province a great place to launch innovative new companies.The Premier today visited Polar Mobile — a company that builds and designs applications thatrun on mobile devices. Started in 2007 in Waterloo, it has quickly grown to become a world-leader in helping entertainment, sports and non-profit organizations reach new audiences. Thecompany has doubled in size in the last year and employs 40 Ontarians, up from 20 a year ago.Recent tax relief for Ontario businesses includes:  Reducing overall business taxes by 28 per cent over 3 years  Reducing small business income taxes by 18 per cent  Eliminating the small business deduction surtax entirely  Enhancing the Ontario Interactive Digital Media Tax Credit for labour, marketing and distribution expenses.Ontario’s comprehensive tax package is part of the Open Ontario Plan, a five-year initiative tocreate new jobs, boost economic growth and protect the progress that Ontario families havemade in their schools and hospitals.QUOTE“Ontario has the people, skills and businesses to thrive in the emerging economy. Our taxreforms are building a new foundation for growth and helping create new, good jobs forOntarians.”— Dalton McGuinty, Premier of Ontario“We are proud to be part of a sector that is at the forefront of creating new, high-tech jobs.Ontario’s tax credits have created a good climate for our company to grow, and that’s one of thereasons why we chose to establish and keep our headquarters here in Toronto. Mobile appscan be created anywhere in the world; it is this region’s competitive tax environment andcreative talent graduating from colleges and universities that make Ontario a natural choice forus.”— Kunal Gupta, CEO, Polar MobileQUICK FACTS  Ontario has regained 87 per cent of the jobs lost during the recession.  In 2008, Ontario’s information communications technology sector was worth $28.4 billion, accounting for 48 per cent of the Canadian total. …/2
  2. 2. -2-LEARN MORECheck out how the Ontario Interactive Digital Media Tax Credit can help your business.Read the study by economist Jack Mintz: Ontarios Bold Move to Create Jobs and Growth.Find more details on the Ontario Economic Outlook and Fiscal Review 2010.Premier’s Media Office: 416-314-8975 Disponible en français