and will spend $380 million on the new benefits. Français, Home Freeland Grilled By Tory Finance Critic On Ballooning Government Debt, Starbucks Releases New Holiday Cups To Get Us Through The Rest Of 2020 In One Piece, TikTok Math Tricks Are Blowing People’s Minds Right Now, Royal Wedding Foods: How William And Kate's Menu Differed From Harry And Meghan's, Prince Charles Talks Sustainable Fashion In British Vogue Interview, Meghan Markle To Become 1st Member Of British Royal Family To Vote In A U.S. Election. 30,000 small businesses with payrolls of less than $1 million will be exempt from paying the Employer Health Tax. The facilities have also struggled with capacity issues through the second wave of the pandemic as they respond to a rise in cases while avoiding cancelling surgeries. We reserve the right to close comments at any time. Box 500 Station A Toronto, ON Canada, M5W 1E6. Doubling of the existing funding for the Black Youth Action Plan, adding $60 million over the next three years. The accompanying legislation will amend 44 existing laws, including a change that the province says will help it establish online gambling and make permanent a rule allowing restaurants and bars to sell alcohol with takeout food. The budget renews funding to help parents with the added costs of at-home education. “I think the fact that it’s 25 per cent will make a difference for seniors.”, “... just this little bit, extra bit of support, whether it’s for a wheelchair ramp or stability bars, could make the difference to keep that senior in their loving family home.”, It’s only November, but the province has already declared 2021 will be the “year of the Ontario staycation.”. The benefit is $250 for parents of children and youth 21 or younger who have special needs. Families can apply for the new program on Nov. 23, 2020 and must submit an application by Jan. 15, 2021. The government’s fiscal plan … Education funding is forecast to go up about 2.85 per cent this year. The budget projects more than $187 billion in expenditures this year, including $30 billion in pandemic-specific spending. An update of the Province's fiscal outlook as of the second quarter of the fiscal year is included in the Fall Economic Outlook and Fiscal Review, which is released on or before November 15. The program is expected to increase broadband access for 220,000 homes and businesses across Ontario. The temporary measure can be used for things like installing wheelchair ramps, non-slip flooring, and additional light fixtures. While the Canada-U.S. border remains closed, Ontario’s government is encouraging people to travel within the province — and they’re going to provide financial support to help with travel expenses. It’s giving parents with children aged 12 and under a $200 payment. The province says it will spend an additional $680 million over the next four years to expand rural broadband access. Ontario’s Progressive Conservative government presented their first pandemic-era budget Thursday. from the Tourism Industry Association of Ontario found the situation for businesses in the province is “dire.”, Ford's 1st Pandemic Budget Is Big On Spending, Slim On Details, Ontario's 2020 Budget Will Be A Relic Of This Messed Up Year, New Ontario COVID Restriction System Is About 'Early Intervention': Ford, Ontario Promises To Beef Up Daily Help For Long-Term Care Residents, Whole Foods Will Now Allow Employees To Wear Poppies After Political Backlash, The Look Of Starbucks’ New Holiday Cups Is The Normcore End To 2020 We Needed, Cut Off Trump Or Not? The province is setting aside $150 million for what it calls a “temporary support measure.” It plans to consult stakeholders and announce more details later. Contact Us. “COVID-19 has brought severe challenges and economic troubles difficult for families and employers. Highlights of Ontario's 2020 budget The Ontario government unveiled its new budget on Thursday, amid a backdrop of the ongoing COVID-19 pandemic … The government says it is exploring ways to create a tax credit of up to 20 per cent of expenses for visiting destinations in Ontario. The First Quarter Ontario Finances is released on or before August 15 and the Third Quarter Ontario Finances is released on or before February 15. That money will support 4,700 more children in the 2020-21 year, and 2,100 each following year, according to the government. Seniors in Ontario could previously qualify for the Healthy Homes Renovation Tax Credit, which expired in 2016 and gave eligible seniors 15 per cent of eligible expenses back.

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