Ontario’s $187 billion Fall Budget includes lots of money for healthcare and helping the economy recover.
Today, Finance Minister Rod Phillips laid out the three-year budget, saying it provides certainty during uncertain times.
“Our plan has three pillars – protect, support and recover,” said Phillips. “First, we are taking steps to protect people from this deadly virus, by increasing our health investments to $15.2 billion dollars. Second, we are building on our earlier relief to provide a total of $13.5 billion dollars of direct support for families, workers and employers in addition to $11.3 billion dollars in cash flow support.”
Phillips adds that the budget contains $4.8 billion for jobs and $2.5 billion more since last year for hospitals too.
It also includes a tax credit meant to help seniors stay at home longer, which will reimburse them for 25 per cent on eligible renovations of up to $10,000, and renews funding to help parents with the added costs of at-home education, which consists of $200 per child under 12 and $250 per child or youth with special needs.
This budget carries a record $38.5 billion deficit for this year.
Another fiscal update will happen at the end of March.
For a look at the entire 2020 budget, please click here.
LIVE: Ontario Finance Minister Rod Phillips delivers the province's budgethttps://t.co/1OAQyq6v9D
EN DIRECT : Le ministre des Finances de l’Ontario, Rod Phillips, dépose le budget de la provincehttps://t.co/xzszXiCanj#cdnpoli #polcan pic.twitter.com/ELxNe1zYzj
— CPAC (@CPAC_TV) November 5, 2020