2016 Ontario Budget Announced

The 2016 Ontario Budget was announced yesterday with various opinions.  If you would like to see details of the budget please Click here.  Below is an excerpt from The Ontario Ministry of Finance website.

Ontario's Economy is Growing and Creating Jobs banner

Our number-one priority is to grow the economy and create jobs. Proof that our plan is working:

  • Ontario’s economic growth is outpacing national growth and is expected to continue to be among the strongest in Canada for the next two years.
  • Ontario has created more than 600,000 jobs since the recession in 2009 and is projected to create more than 300,000 additional jobs by the end of 2019, bringing total job creation to more than 900,000 net new jobs over a 10-year period.

For 2015–16, the deficit is forecast to be $5.7 billion, which is $2.8 billion lower than projected in the 2015 Budget. The government is projecting a deficit of $4.3 billion in 2016–17.

Ontario will balance the budget in 2017–18, while continuing to make investments that stimulate economic growth and create jobs.