Signature Items:
New tax credit to eliminate provincial income tax for those making at or below $30,000 in income. Value to someone exactly at 30k in earnings $850 per year.
Tax credit phases out for single earners at $38,500 (credit value drops by $100 for each $1,000 earned over $30,000)
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They are also eliminating the surtax for high-income earning introduced in the last budget.
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Hydro rates to drop a further 12%.
Thunder Bay Generation Station to close (only operated 2.5 days last year)
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Deficit projected at 14.5B for the current fiscal year.
This number will be lower.
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Here's a good one (seriously)
The Province is providing funding to expand the scope and coverage of Rapid Access Addiction Medicine (RAAM) clinics for individuals with substance abuse issues that require specialized, evidenced-based addiction medicine support by creating new or expanded RAAMs in communities of high need.
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Province moving to restart GTA West Highway EA
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New Rental construction will again be exempt from rent control
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LCBO, Beer Store and other alcohol retail hours expanded to (up to) 9am-11pm, 7 days per week. I must admit, I like this one.
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Car insurance rates will not longer vary by address of the owner.
Also look for regulatory permission for electronic proof of insurance (the beginning of the end of the pink paper)
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Lots of 'more to come' promises, including social assistance reform being detailed next week, ontario drug benefit program review, comprehensive housing supply plan (spring 2019), and review of Northern ON transportation including rail , no specifics or dates