Ontario’s provincial government released its 2023 budget totalling $204 billion, with money earmarked for highway expansion and construction, transit, hospital infrastructure, child care spaces, and capital grants. The budget forecasts a small surplus of $200 million in 2024–25, three years earlier than forecast in the 2022 budget. The province will start the fiscal 2023–24 year…

It’s budget day in Ontario and the finance minister says he’s prepared a plan with “targeted investments” to ensure the province’s economy stays resilient in the face of uncertainty. One investment that won’t be in the budget, however, is a sick day program. Government sources told The Canadian Press on the eve of the budget…

Ontario’s budget is set to be tabled Thursday amid both surging revenues and a potential economic slowdown, and while the finance minister has been signalling “restraint,” he says that doesn’t mean program cuts. Finance Minister Peter Bethlenfalvy says the vision he will set out Thursday afternoon will be a plan to attract jobs and build—keeping…

The Ontario government is projecting a deficit of $12.9 billion for the 2022-2023 fiscal year, which it says is about $7 billion lower than expected, according to the province’s fall economic statement released today. The province is expecting its deficit to decrease over the next two years, becoming about $8 billion next year before dropping…

Ontario has announced it is raising the non-resident speculation taxon homes purchased by foreign nationals from 20 percent to 25 percent, effective Tuesday. Finance Minister Peter Bethlenfalvy says the move makes Ontario’s tax rate the highest in Canada and seeks to discourage foreign speculation. The Progressive Conservative government previously increased the non-resident speculation tax from 15…

Ontario pledged to boost the economy, take measures to defeat COVID‑19 and fix long-term care, and support families in the 2021 budget unveiled Wednesday, the second budget the Ford government has delivered since the pandemic. These and other promises in the budget will be achieved with a $173 billion spending plan, resulting in a projected…

TORONTO—Ontario will deliver its 2021-22 budget today, its second spending package during the COVID-19 pandemic. Premier Doug Ford says the budget will focus on economic recovery and fighting the pandemic. Finance Minister Peter Bethlenfalvy says the package will contain measures to bolster Ontario’s vaccine rollout. He says it will also not raise taxes or cut…

Ontario Premier Doug Ford has announced that the government will invest $3.7 million as part of the 2021 Budget to provide transportation for seniors and people with disabilities to get their COVID-19 vaccinations. “It is critically important to ensure that our most vulnerable get the protection of a COVID-19 vaccine and that’s why we are doing…