Finance Minister Dwight Duncan today delivered Ontario's 2008 Budget. There were no new personal or corporate income taxes announced in the Budget.

The Budget is projecting a surplus of $600 million for the 2007-08 fiscal year. The majority of surplus funds are to be used for funding skills training and municipal infrastructure. There is also a provision for full-time university and college students to receive a “Textbook and Technology Grant”. The grant will start this fall at $150 per student and will increase to $225 in 2009 and $300 in 2010 and future years.

The following summarizes the tax-related measures included in the current Budget.