Five things to know about the Ontario budget

Five things to know about the Ontario budget

Five things to know about the Ontario budget

The government is implementing a plan to achieve a balanced budget by 2023-24.

"We have developed a reasonable path to balance", Fedeli said. Now a year into government, the Tories say it will take two years longer to end Ontario's reliance on debt - that's just one year shy of the Liberal promise to balance the books by 2024-25. "Our entire premise is to protect what matters most".

CHILD-CARE TAX CREDIT: The government is creating a new tax credit to help low- and middle-income families pay for child care. Once fully implemented, these changes are expected to provide Ontario businesses with over $400 million in ongoing savings on their compliance costs.

While many were expecting significant cuts in the provincial budget, the government announced a new tax credit for child-care support for families with incomes of up to $150,000.

A further $510 million in annual savings are expected through streamlined administration and simplified reporting in programs such as income support, child care, affordable housing and homelessness prevention programs, the budget said.

The government is moving forward with early wins for the people, such as creating a tailgating permit for eligible sporting events, introducing legislation to let municipalities make rules about alcohol consumption in public spaces, such as parks, and extending hours of alcohol service at licensed establishments, allowing them to start serving alcohol at 9 a.m. The government also intends to put beer and wine in corner stores.

Romano also confirmed the province will be moving ahead with a new slogan for Ontario licence plates ('A Place To Grow') and a new trillium logo. The government spent $500,000 on a consultation on branding, but has a new contract for licence plate production that saves $4 million. Moves billed as "workforce productivity", such as reducing overtime, are expected to save $250 million a year.

Education spending is set to rise by 1.2 per cent, but that growth is largely due to higher student enrolment, instead of new programs. Ontario recently announced a host of education changes, including larger high school class sizes, which sparked widespread anger.

It says that for years, performance has affected a small proportion of post-secondary funding - 1.4 per cent for universities and 1.2 per cent for colleges.

Universities and colleges will also see more conditions on their money, with up to 60 per cent of post-secondary funding tied to institutional performance over the next five years. "There's nobody saying, 'We need a new logo".

In a statement, Ford said that the province has sent "a clear message to the world that Ontario is open for business".

Access to meals and transportation, she said, "are simple things that really help people stay at home'".

1 dead, 15 injured in North Carolina gas explosion
On Wednesday afternoon, jagged roof beams jutted out of the collapsed building, along with bent sheet metal, bricks and wood. The Durham School of the Arts is nearby and reported no injuries but said it was sending students home early.

Concerning to him is the cap on health care spending, which could leave already struggling hospital budgets in even worse shape.

Finance officials said that information will come out when the government tables its spending estimates in the next few weeks.

What is true is that Ford's first budget was more fiscally responsible than what we would have had if either the Liberals or NDP had won last year's election.

The health-care advocates won't care that total health spending went from $61.2 billion under the Liberals to $63.5 billion under the PCs. "Those aren't things that needs to be solved this time".

"There certainly weren't a lot of the details I was looking for, particularly related to Northern Ontario", Gravelle said.

"There's nothing concrete, right, that says we're going to look at this and we're going to invest", he said.

Back on the opposition benches on budget day for the first time in 15 years, veteran Thunder Bay-Superior North MPP Michael Gravelle has more questions than answers about the Ford government's first financial blueprint. "It's the same playbook we saw from the Liberals".

- The justice sector is expected to see about two per cent in cost cuts too, including changes to legal aid and victim compensation services and amalgamating adjudicative tribunals.

Fedeli's pitch to businesses in Ontario is that the government's changes to capital investment write-offs more than make up for the scrapped tax cut.

Ford's election platform promised a one percentage point cut to the corporate tax rate from 11.5 per cent to 10.5 per cent and a pledge to lower the manufacturing and processing rate by the same amount. But as reported earlier, it also comes with a new definition of disability that critics say will make it more hard for people with episodic illnesses and mental health issues to qualify.

The government is proposing a new Ontario Childcare Access and Relief from Expenses (CARE) tax credit.

Fedeli adds any unused money from the reserves and contingency fund, as well as any unspent dollars at the end of the year, will go into debt reduction.

Recommended News

  • All of the Marvel Disney

    All of the Marvel Disney

    The presentation then showcased the service's interface, which is similar to what consumers are used to on competing services. The Simpsons will also join Disney +: The first 30 seasons of The Simpsons will also be available on Disney + on launch day.
    UK store withdraws chocolate ducklings over racism complaint

    UK store withdraws chocolate ducklings over racism complaint

    A United Kingdom grocery store has apologized for its Easter chocolate range that received a complaint for being racist. The Facebook group Feminist Friends Nottingham received an outpouring of complaints from several women shoppers.
    Oprah Winfrey Claps Back At

    Oprah Winfrey Claps Back At "Hateration" Over "Leaving Neverland" Interview

    In the popular insert, Trevor asked Oprah if she ever runs out of cellphone battery, or toilet paper - like us mere mortals. It was a position she had only found herself in once before.
  • City of Chicago makes good on threat against Jussie Smollett

    City of Chicago makes good on threat against Jussie Smollett

    His lawyers excoriated the city for threatening to sue him and said he would defend himself vehemently against such a lawsuit. The City Of Chicago has officially sued Jussie Smollett for allegedly filing a fake police report and lying to authorities.
    Obama White House Counsel Greg Craig Indicted for Alleged False Statements

    Obama White House Counsel Greg Craig Indicted for Alleged False Statements

    The federal investigation began as an offshoot of the Mueller probe that was later handed off to Manhattan federal prosecutors. According to the Justice Department, Craig worked with Manafort to obtain the contract to create the Tymoshenko report.
    Son of St. Landry deputy arrested in fires at historically black churches

    Son of St. Landry deputy arrested in fires at historically black churches

    Pleasant Baptist Church in Opelousas respectively caught fire, according to a statement from the State Fire Marshal's Office. Authorities are expected to announce more details about the arrest at a press conference at 10 a.m. local time Thursday.
  • Captain Cool MS Dhoni fined for confronting IPL umpires

    Captain Cool MS Dhoni fined for confronting IPL umpires

    Even as Ravindra Jadeja protested against the decision, a furious Dhoni walked onto the field to confront the two umpires. Ambati Rayudu and MS Dhoni played knocks which could be preserved as a template for run-chases and rescue acts.
    It's on: Australian election confirmed for May 18

    It's on: Australian election confirmed for May 18

    Labor's platform of climate change action and greater spending on health and education has so far resonated with voters. Australians will head to the polls on May 18, Prime Minister Scott Morrison announced Thursday.
    Samsung launches Galaxy A20 in India for Rs 12490

    Samsung launches Galaxy A20 in India for Rs 12490

    With the Galaxy A20 , Samsung has brought down an AMOLED screen to a much affordable price point which is a welcome move. As part of the announcement, Aditya Babbar, the Director of Mobile Business as Samsung India issued a statement.
  • Barr challenged on Trump exoneration question

    Barr challenged on Trump exoneration question

    Democrats said they were concerned that Barr's letter portrayed the investigation's findings in an overly favorable way for Trump. Some Democratic lawmakers have gone so far as to accuse Barr of " hiding the ball " or perpetrating a " cover-up ".
    Falcon Heavy sends first commercial satellite into orbit

    Falcon Heavy sends first commercial satellite into orbit

    And smooth it was: All three of the Falcon's rockets guided themselves home once they'd served their objective . It consists of the equivalent of three Falcon 9 rockets combined, tripling its thrust.
    Rashard Mendenhall Can't Decide If Ben Roethlisberger Is Racist Or Not

    Rashard Mendenhall Can't Decide If Ben Roethlisberger Is Racist Or Not

    We'll answer our favorites weekly until the draft. "He was just supposed to take his lickings and move on, like a slave for real".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.