Ontario Ministry of Finance

Ontario investing $1 billion to support province’s vaccination plan

TORONTO — The Ontario government is providing additional support to eligible small businesses to help with the ongoing costs of the COVID-19 pandemic. Confirmed eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000. This support to help small business owners keep the doors open and workers employed is part of the 2021 Budget, Ontario's Action Plan: Protecting People's Health and Our Economy.

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TORONTO — Today, Minister of Finance and President of the Treasury Board Peter Bethlenfalvy released Ontario's Action Plan: Protecting People's Health and Our Economy. The 2021 Budget is the next phase of Ontario's response to COVID-19 and is the second Budget the government has delivered during the pandemic.

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, will deliver the 2021 Budget in the Ontario Legislature.

TORONTO — The Ontario government will continue to focus on protecting people's health and jobs through the COVID-19 pandemic when Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, releases the 2021 Ontario Budget on March 24. The Budget will support the province's comprehensive vaccine distribution plan, along with providing additional resources for the health care sector and initiatives to protect the economic well-being of families, workers and employers. 

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, and Stan Cho, Parliamentary Assistant, will make an announcement.

Government’s urgent COVID-19 response funding has been fully allocated

TORONTO — Today, the Ontario government released the province's 2020-21 Third Quarter Finances, which demonstrates an unwavering commitment to support individuals, families and small businesses during the COVID-19 pandemic. The report shows that the government is projecting to spend $25 billion more than last year, including an additional $2.6 billion since the 2020 Budget. These investments are being used to deliver the Ontario Small Business Support Grant, to provide more hospital supplies and PPE, and to better protect long-term care homes and child care settings.

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, and Parliamentary Assistant, Stan Cho, will release Ontario's 2020-21 Third Quarter Finances and provide an update on Ontario's economic and fiscal outlook.

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TORONTO — The Ontario government has received more than 42,000 applications for the Ontario Small Business Support Grant. Businesses that have been approved can expect to receive payment within about 10 business days. During the Provincewide Shutdown all eligible small businesses facing challenges are being encouraged to apply for this financial support and receive at least $10,000 and up to $20,000.

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, Vic Fedeli, Minister of Economic Development, Job Creation and Trade, and Prabmeet Sarkaria, Associate Minister of Small Business and Red Tape Reduction, will provide an update on the Ontario Small Business Support Grant.

TORONTO — The Ontario government is asking the people of Ontario for their ideas on how to continue to support families, workers and business during COVID-19, while positioning the province for a strong economic recovery with the launch of the 2021 Budget consultation.  

TORONTO — The Ontario government has opened  applications for the new Ontario Small Business Support Grant. The grant, first announced in December, provides a minimum of $10,000 to a maximum of $20,000 to eligible small businesses who have had to restrict their operations due to the Provincewide Shutdown. The tightened restrictions were put in place to help stop the alarming rise of COVID-19 cases in Ontario.

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