The voluntary disclosures program (VDP) provides taxpayers with a change to correct past tax errors or omissions before CRA finds them. If CRA accepts a disclosure, taxpayers may receive some penalty and interest relief and will not be referred for criminal prosecution. Any taxes owing will still have to be paid by the taxpayer in full.

The government has proposed to reduce the tax rate on the lowest bracket to 14% (from 15%) effective July 1, 2025, resulting in reduced tax for many individuals. This change would be implemented as a 14.5% rate for 2025 and 14% for 2026 onwards. However, the rate for personal tax credits would likewise be reduced, resulting in lower tax credits.

On May 15, 2025, the Hon. Peter Bethlenfalvy, Ontario's Minister of Finance, presented the government’s 2025 budget: A Plan to Protect Ontario. Released against the backdrop of unpredictable U.S. trade policy, this budget arrives at a key moment for Ontario’s economy, and the province’s relationship with its most important trading partner.