By Robert Benzie Queen's Park Bureau Chief. Specifically, the Province has committed to creating a one-year Home Seniors Safety Tax Credit (HSSTC) and cutting Business Education Taxes for commercial properties. The update showed an additional $1.3 billion in spending, much of it to fund backtracks on policy changes and cuts, including on its autism program, social services and child care, and public health funding to municipalities. Please note that CBC does not endorse the opinions expressed in comments. “The Budget I will be introducing on Thursday, November 5 will provide a three-year outlook that will build on our government’s $30 billion response to COVID-19,” added Minister Phillips. read. 2020 provincial budgets. The credit will be worth 25 per cent of up to $10,000 in eligible expenses for a senior’s principal residence in Ontario. The Budget will build on Ontario’s Action Plan: Responding to COVID-19, which was updated this summer to make available a projected $30 billion in response to the global pandemic. Highlights of Ontario's 2020 budget This year's budget comes amid the backdrop of an ongoing second wave of COVID-19, with Ontario's seven-day average of … Building domestic capacity to manufacture 10,000 ventilators through an innovative partnership between O-Two Medical Technologies and Linamar and producing 50 million N95 masks annually beginning in early 2021 through a joint federal-provincial investment in a new 3M facility in Brockville. Health Minister Christine Elliott announced Tuesday that Ontario is creating a Mental Health and Addictions Centre of Excellence to oversee its revamp of the province's mental health system, with details to be provided in the upcoming budget. Ontario Real Estate Association. These items are wide-ranging and provided at … “We will get back on the traditional budget calendar with another multi-year update by the end of March 2021 that will outline a plan to return Ontario to a fiscally sustainable path.”, Members of the Peterborough County Detachment of the Ontario Provincial Police (OPP) and emergency crews were called to assist, On Thursday November 5, 2020, Community Street Crime Unit (CSCU) members of the Northumberland and Peterborough Detachments of the, Funding Will Improve Access to Care for People throughout the Ottawa Area and across OntarioThe Ontario government is investing. “Getting people back to work, creating more jobs and attracting investment are also important priorities for our government. “The next phase of Ontario’s Action Plan will make available every necessary resource to continue to protect people’s health during the second wave of COVID-19 and beyond,” said Minister Phillips. TORONTO — The Ontario government will release its 2020 Budget on Thursday, November 5, 2020. Ontario's next budget will be delivered March 25 and will provide the government an opportunity to reset its spending narrative. Ontario's finance minister says the budget will be delivered March 25. Ontario: 2020–21 Budget Thu Nov 05 2020 22:02:00 GMT-0500 ... Not surprisingly, COVID-19 is expected to take a significant toll on the provincial economy and its finances. “It will also expand the support our government has provided to those still facing financial hardship due to the pandemic, including families, workers, vulnerable people, seniors and employers.”. “We will get back on the traditional budget calendar with another multi-year update by the end of March 2021 that will outline a plan to return Ontario to a fiscally sustainable path.”, Ontario’s Action Plan: Responding to COVID-19, Ontario’s Second Quarter Economic Accounts. Ontario Finance Minister Rod Phillips will table the province’s fiscal 2020–21 budget on 5 November 2020. Provincial Budget Highlights November 6, 2020 Ontario Legislature Adjourns after Significant Sitting in Response to COVID-19 July 22, 2020 Ontario Moving More Regions into Stage 3 July 20, 2020 Providing $75 million for 194,000 seniors by doubling the Guaranteed Annual Income System (GAINS) payment from April to September 2020. Details were provided today by Premier Doug Ford, Rod Phillips, Minister of Finance, and Christine Elliott, Deputy Premier and Minister of Health. More than 19,000 emergency supplies leads have been converted into more than $880 million in purchases of critical supplies and equipment to support staff on the front lines, including 148 million masks, 439 million gloves, and 29 million gowns through the Ontario Together portal. All Rights Reserved. The upcoming Budget will strike a balance that will focus on continuing to protect everyone’s health and safety, while creating the right conditions for our economic recovery.”. The HSSTC will help keep seniors safe, create jobs and generate economic activity. 1 day ago. Since releasing Ontario’s Action Plan in March, Ontario businesses, families, and workers have benefited from initiatives put forward by the government: The government has also committed to providing small businesses in modified Stage 2 areas with up to $300 million to cover costs associated with property taxes, electricity and natural gas bills.

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