Ontario to table first balanced budget since the recession on April 27

Ontario budget to be tabled April 27

TORONTO — Ontario’s first balanced budget since the recession is set to be delivered April 27.

Finance Minister Charles Sousa announced the date Thursday in a speech to the Empire Club of Canada, saying that gives the government room to make new investments.

The budget will include a public transit tax credit for seniors 65 years and older. That would come after the federal government recently announced it was eliminating a 15 per cent tax credit for commuters who buy a transit pass.

The Ontario tax credit “will make it more affordable for (seniors) to go to the gym, the library, or to take their grandkids to a concert,” Sousa said.

Sousa highlighted in his speech investments the government has made in the innovation sector, saying more of that can be expected in the budget.

“We must embrace new, potentially disruptive technologies,” he said.

He also signalled that more health spending is coming, saying that sector will get “a major booster shot.”

Even though Ontario’s Liberal government has managed to knock down a deficit that was at one point more than $20 billion, the province’s debt continues to grow.

It has swelled to more than $300 billion and in last year’s budget interest on that debt was more than $11 billion and was growing twice as quickly as any program spending area.

The Progressive Conservatives have accused the government of artificially balancing the budget, through the use of one-time money from asset sales and the use of a reserve fund.

Sousa has said he intends to put measures in the budget to address the red-hot housing market in the Greater Toronto Area and beyond. He is set to meet with federal Finance Minister Bill Morneau and Toronto Mayor John Tory on Tuesday to discuss housing in the region.

Allison Jones, The Canadian Press

Just Posted

VicPD cuts school liaison program over budget impasse with Esquimalt

Six officers, including three school liaisons, to be reassigned to frontline duties

WATCH: Officers recognized at 10th anniversary of anti-impaired driving program

Alexa’s Team has grown from 26 members in 2008 to the current 2,400

Affordable housing development leaves neighbours concerned

A 90-unit proposal on Prosser Rd. is before Central Saanich council

Balancing act: making it work as coach and mom

Vikes coach Dani Sinclair has only job she ever wanted

Victoria Shamrocks acquire NLL and MSL all-star

Rob Hellyer brings offensive power to the Shamrocks

VIDEO: B.C. man recognized for spinning basketball on toothbrush

Abbotsford man holds world record for longest duration of time of 60.5 seconds

Humboldt arena memorial ring to be removed

Arena ring of tribute to Saskatchewan hockey team to be removed as summer nears

14 galaxies set to collide and form colossal cluster

Astronomers say this could be the largest structures in the universe

Former Social Credit MLA dies at 88

Lyall Hanson was mayor of Vernon in 1981 and moved to provincial politics from 1986-96

Police searching for escaped prisoner in B.C.

Ralph Whitfield Morris, 83, is serving a life sentence for second-degree murder

B.C. set to introduce pot laws, but years of fine tuning likely: minister

Legislation regulating recreational marijuana is expected to be introduced Thursday

Cordova Bay atop Greater Victoria elementary schools in Fraser Institute rankings

“It’s bad science… hopefully this is the last one,” says local union rep of ranking

Arrests made after truck crashes into unmarked police cars in Nanaimo

Two men facing numerous charges after allegedly fleeing scene on the mid-island

International Parkour Competition coming to B.C. city

Canada’s largest outdoor Parkour park only Canadian stop on North American tour

Most Read