2020 ONTARIO BUDGET

Protect  .  Support  .  Recover

News Release - November 05, 2020

Your Government Delivers a Plan to Protect, Support and Recover

Laying the groundwork for a lasting economic recovery by investing in health care, people, small business and jobs.

Ontario has been challenged by COVID-19, which has been both a health crisis and an economic crisis. This afternoon, Hon. Rod Phillips, Ontario’s Minister of Finance, unveiled Ontario’s 2020 Budget: Ontario’s Action Plan: Protect, Support, Recover.

 

Building on the government’s previous actions to respond to the pandemic – which included $30 billion to support public health care, people and jobs, and cash flow – today’s announcement is a flexible plan to take Ontario through the second wave and beyond.

 

Ontario’s Action Plan contains three pillars: Protect, Support, and Recover.

 

 

 

PROTECT – Urgent COVID-19 Response

 

Your government remains committed to doing whatever it takes to protect the people, the businesses and the healthcare of Barrie and Innisfil. Today's budget provides $15.2 billion in supports, including $7.5 billion in new funding.

 

Ontario’s Action Plan includes:

  • Ensuring Ontario’s hospitals have the protective equipment they need and money for hospital relief and expansion

  • Making Ontario the leader among Canadian provinces in terms of the quality of care our loved ones receive in long-term care

 

“Ontarians deserve the best health and long-term care systems in the world, said Andrea Khanjin. They deserve to know that they and their loved ones will get the care they need.”

 

 

SUPPORT – Support for People and Jobs

 

COVID-19 has imposed unprecedented challenges on every Ontarian. It has affected every aspect of our lives: it has changed the way we work, go to school and shop. Ontario will continue to support those who are struggling. The second pillar of Ontario’s Action Plan includes $2.4 billion in new funding, building on $13.5 billion in assistance already made available to families, workers and employers.

 

Ontario’s Action Plan includes:

  • Increasing the ability of our seniors to stay in their own homes longer with a Seniors Home Safety Tax Credit

  • At least $200 of additional direct support per child, and $250 for those with special needs to help offset the financial challenge of buying technology, and increased costs of child care

 

“I have heard from countless families about how COVID-19 has affected every aspect of their lives: it has changed the way kids learn and increased isolation amongst seniors,” said Andrea Khanjin. “Our government is taking action to help parents offset the increased costs of raising their children and help seniors remain in their own homes for a more dignified and independent lifestyle.”

 

RECOVER – Creating the Conditions for Growth

 

For the government of Ontario, recovery is not only about getting back the jobs lost during the pandemic but also making Ontario the best place in the world to work, live and raise a family. The third pillar of Ontario’s Action Plan includes $4.8 billion in new supports for recovery efforts.

 

Ontario’s Action Plan includes:

  • A comprehensive plan to make electricity more affordable

  • Reducing property taxes and levelling the playing field for job creators

  • Connecting workers and employers with the skills and training they need

 

“Despite all that Ontario has to offer, time and again businesses have dismissed relocating to Ontario due to the high costs of electricity,” said Andrea Khanjin. “Our government is taking action to restore Ontario’s competitive advantage compared to other jurisdictions in North America. We will decrease the cost of electricity and reduce the tax burden on job creators at the same time that we increase the skills of Ontario’s workers for the jobs of tomorrow.”

Quick Facts

  • Since June, employment in Ontario has risen by 838,000 net jobs and, as of September, employment reached 95.8 per cent of the February 2020 level.

  • Ontario’s real GDP is projected to decline by 6.5 per cent in 2020 and rise by 4.9 per cent in 2021. Ontario’s economic growth is expected to continue after 2021, with real GDP projected to rise 3.5 per cent in 2022 before moderating to 2.0 per cent growth in 2023.

  • Ontario was the first jurisdiction in Canada to release a fiscal outlook that reflected the impacts of the COVID-19 crisis in its March 25, 2020 Ontario’s Action Plan: Responding to COVID-19.

To read the 2020 Ontario Budget, click the button below:

Constituency Office

237 Mapleview Drive East, Unit 1

Barrie, ON L4N 0W5

Phone: 705-722-0575

Fax: 705-722-8835  

Email: andrea.khanjin@pc.ola.org

STAY IN TOUCH

~

NEVER MISS AN UPDATE