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OTTAWA — Ontario’s Progressive Conservatives are promising to cut personal taxes once they balance the budget in 2016-17.

They say they plan to phase in a 10% cut over four years, but could do it sooner if they have more money.

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It’s part of their nine-step plan to create a million private sector jobs in Ontario over eight years and slay the province’s $12.5-billion deficit a year ahead of schedule.

The PC plan includes cutting corporate taxes by 30% and reducing regulations by at least a third over three years.

They say they’d participate in New West Partnership Trade Agreement with B.C., Saskatchewan and Alberta and develop the Ring of Fire mining site in northern Ontario.

Leader Tim Hudak has already said he’d cut 100,000 public sector jobs, end subsidies for green energy and open up apprenticeships to more young people.

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Meanwhile, New Democrat Leader Andrea Horwath says insurance companies have cut payouts by billions of dollars over the past several years but motorists have seen little benefit by way of lower premiums.