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

The rock is no more for Oak Bay ‘Sea Lore’

Council calls for change to controversial location proposed for art installation

Metchosin driver striking a deer heralds a need for caution

Vehicle incident likely not the last of its kind in Greater Victoria

Mary Winspear offers out-of-this-world evening with Chris Hadfield

Tickets on sale March 22 for Colonel Chris Hadfield visit May 7

Five highlights in the 2019 federal budget

Latest budget includes a sprinkling of money for voters across a wide spectrum

Greater Victoria Wanted List for the week of March 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: When do you think the next major earthquake will hit Vancouver Island?

According to seismologists, Vancouver Island is overdue for a magnitude 7 earthquake.… Continue reading

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

B.C. mosque part of open-house effort launched in wake of New Zealand shootings

The ‘Visit a Mosque’ campaign aims to combat Islamophobia

‘That’s a load of crap’: Dog poop conspiracy spreads in White Rock

Allegation picked up steam through a Facebook page run by a city councillor

Explosives unit brought in after suspicious boxes left at B.C. RCMP detachment

Nanaimo RCMP issues all clear after packages were found on lawn earlier in the day

2019 BUDGET: As deficit grows, feds spend on job retraining, home incentives

Stronger economy last year delivered unexpected revenue bump of an extra $27.8 billion over six years

Newfoundland man caught after posting photo of himself drinking and driving

The 19-year-old took a photo of himself holding a beer bottle and cigarette while at the wheel

Most Read