2013 Ontario Budget: highlights
A snapshot of the government’s plan for a prosperous and fair Ontario.
Eliminate the deficit
The single most important step the government can take to secure Ontario’s prosperity and help create jobs is to eliminate the deficit.
The 2013 plan:
On track to eliminate the deficit by 2017-18
- program spending is planned to grow by less than one per cent for the second year in a row
- beat the deficit target again in 2012-13: now estimated at $9.8 billion, or $5 billion less than forecast a year ago
For the fourth year in a row, the government has beaten its fiscal targets – the only government in Canada to do so – and is on track to do it again for a fifth year.
Ontario has created almost 400,000 jobs since 2009, recovering all of the jobs lost since the recession
The investments planned for public transit, roads, bridges, schools, hospitals and other projects – $35 billion over the next three years – would help support more than 100,000 jobs each year.
Help young people and others to succeed:
A $295 million Youth Jobs Strategy and other measures to expand employment opportunities for young people
- support the next generation of entrepreneurs through mentorship, startup capital and outreach
- invest in exceptional post-doctoral fellows to support industrial research, development and commercialization efforts and boost economic activity
Investing in people
- improve access to high-quality health care services for everyone
- build on student success with full-day kindergarten
- an increased focus on the skills that young students need to succeed
- the 30% Off Ontario Tuition grant improves access to postsecondary education
Proposals that would:
Proposals that would transform social assistance to help more people find jobs and improve financial security
- improve opportunities for young people, people with disabilities and Aboriginal people
- protect the most vulnerable and build strong, safe communities
- strengthen the retirement income system
Helping drivers save money
Save money for Ontario’s 9 million drivers
Proposals that would:
- reduce auto insurance premiums for consumers by 15 per cent, on average
- require insurers to offer lower rates for safe drivers
- a continued crackdown on auto insurance fraud to protect consumers
Ontario Trillium Benefit: more choice for people
Beginning in 2014, the government is proposing to let people choose whether to receive their Ontario Trillium Benefit payments monthly or just once, at the end of the benefit year.