Ontario Ministry of Finance

The Ontario government is prepared to commit up to $1 billion to develop strategic all-season industrial and community transportation infrastructure in the Ring of Fire.  

Ontario is encouraging industrial growth and job creation by expanding eligibility for two existing industrial electricity programs and enhancing conservation programs for small businesses. 

Ontario intends to take the Debt Retirement Charge (DRC) off residential electricity bills, saving the typical homeowner $5.60 per month, after Dec. 31, 2015.

A new research paper released today by David Dodge, former Governor of the Bank of Canada, and Richard Dion, Senior Business Advisor at Bennett Jones LLP, stresses that Canadian households need to save more now to support future economic growth and maintain a satisfactory standard of living in retirement. 

Ontario will continue to invest in its most valuable people, its children, giving them the best possible start in life.

Ontario's Auto Insurance Cost and Rate Reduction Strategy is continuing to make auto insurance more affordable for Ontario drivers, as rates approved by the regulator have dropped for a total decrease of almost six per cent on average since August 2013 -- in keeping with the government's target of 15 per cent by August 2015.

The Ontario government has appointed a council to recommend ways to improve the efficiency and optimize the full value of Hydro One, Ontario Power Generation (OPG), and the Liquor Control Board of Ontario (LCBO). The Premier's Advisory Council on Government Assets will examine how to get the most out of key government assets to generate better returns and revenues for Ontarians.

Ontario plans to eliminate waitlists for direct funding for 21,000 people with developmental disabilities.

Ontario plans to increase investments to community health infrastructure by $60 million over the next three years to ensure access to high-quality health services in communities across the province.

Ontario is expanding and enhancing its Student Nutrition Program so that 56,000 more children and youth will get the nutritional boost they need to succeed at school.

Ontario is proposing to help more seniors stay connected to their community by doubling the Seniors Community Grant Program, the province's first grant program dedicated solely to seniors. 

Ontario's new deficit for 2013-14 is estimated to be $11.3 billion -- a $400 million improvement compared with the 2013 budget. This marks the fifth year in a row that the province is on track for a deficit lower than forecast.