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A Plan to Protect Ontario
Source: Ontario - Ministry of Finance
Date: 2026-10-29 18:10:00.0
Tags: [Ontario, Economy, Taxation, Finance, Trade, Industry]Ontario Minister of Finance Peter Bethlenfalvy released the 2026 Ontario Economic and Fiscal Review: A Plan to Protect Ontario, projecting a deficit of $16.9 billion in 2026-27 and a return to a balanced budget in 2029-30. The fiscal plan features an $8 billion Ontario Competitiveness Tax Cut tied to the federal Productivity Mega Deduction, an $8.7 billion Canada-Ontario action plan targeting the steel, automotive, and critical minerals sectors, and nearly $30 billion in cumulative tariff relief and business supports implemented since April 2025. Additionally, the government committed to streamlining 35 to 50 percent of the province's 375 business-facing permits by the end of 2028 and restoring capital expenditures as eligible under the Ontario Research and Development Tax Credit and Ontario Innovation Tax Credit to provide over $50 million in tax support over three years.
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Province Announces $8 Billion Ontario Competitiveness Tax Cut to Support Investment and Create 30,000 Jobs
Source: Ontario - Ministry of Finance
Date: 2026-10-28 14:08:00.0
Tags: [Ontario, Taxation, Economy, Finance, Trade, Industry]The Ontario Ministry of Finance announced the $8 billion Ontario Competitiveness Tax Cut as part of its multi-year Tax Action Plan to counter U.S. tariffs and lower business investment costs. Administered as the provincial counterpart to the federal Productivity Mega Deduction, the policy allows eligible businesses to immediately write off 100 per cent of capital investments in assets such as fibre-optic cables, software, aircraft, machinery, and patents. The measure is projected to drive at least $11 billion in new capital investment, add $6 billion to the provincial GDP, and support the creation of 30,000 new jobs over five years. Combined with prior initiatives from Budget 2026, total business tax relief will exceed $12 billion over five years, reducing Ontario's Marginal Effective Tax Rate to 3.6 per cent.
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Carney delivers remarks at investment summit as Liberals discuss airport privatization
Source: CBC Politics
Date: 2026-09-15 12:31:10.0
Tags: [National, Ontario, Economy, Finance, Trade, Infrastructure, Transportation]Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract $1 trillion in investments over the next five years, featuring a 66-page prospectus containing 167 projects. During the summit, the Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. announced a new $50 billion fund for large-scale investments structured on a 50-50 basis with up to $25 billion in equity capital from each organization. Additionally, Carney confirmed that the federal government is pursuing private investment and long-term concessions to operate Canada's four largest airports while keeping the underlying land and assets. These developments coincided with the implementation of new 50 per cent U.S. tariffs on select Canadian goods and protests organized by The Many vs. The Money coalition.
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'Cool to be Canadian': Leaders optimistic their pitch to invest here will pay off
Source: CBC Politics
Date: 2026-09-14 19:59:47.0
Tags: [National, Ontario, Economy, Taxation, Finance, Trade, Industry, Mining]Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract foreign capital and secure $1 trillion in investments amidst trade friction with the United States. Minister of Finance François-Philippe Champagne announced that the Canadian Revenue Agency will prioritize advanced income tax rulings for investments exceeding $1 billion to reduce regulatory risk. The government's 66-page pitchbook featured more than 160 major projects, including Canada Nickel Company's Crawford nickel project, which is seeking $2 billion in funding.
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Ontario Expanding Eligibility for Tariff Support Programs
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-10 13:30:00.0
Tags: [Ontario, Trade, Economy, Finance, Industry]In response to United States trade actions targeting Canadian exports, the Government of Ontario is expanding eligibility under the Protect Ontario Financing Program (POFP) and the Ontario Together Trade Fund (OTTF) to protect workers and businesses in tariff-impacted sectors. The expansion covers specific exports facing additional 50 per cent tariffs starting September 15, 2026—including certain steel, aluminum, and metal products, mattresses, furniture, paper products, motorboats, golf carts, dairy and specialty cheese products, and leather goods—as well as import bans taking effect September 29, 2026, targeting alcoholic beverages, specific whey products, and motorcycles with engine capacities exceeding 800cc.
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Ontario Expanding Eligibility for Tariff Support Programs
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-10 13:30:00.0
Tags: [Ontario, Trade, Economy, Finance, Industry, Labour]In response to United States tariff actions set for September 15 and September 29, 2026, the Ontario government announced the expansion of eligibility for the $1 billion Protect Ontario Financing Program (POFP) and the $150 million Ontario Together Trade Fund (OTTF). Administered by the Ministry of Economic Development, Job Creation and Trade alongside the Ministry of Finance, the expanded programs provide loans and grants for payroll, lease payments, utilities, and supply chain reshoring to shield tariff-impacted businesses and workers. Furthermore, the provincial government highlighted broader economic strategies, including the $236 billion infrastructure plan, development of the Ring of Fire road network (such as the Marten Falls Community Access Road, Webequie Supply Road, and Anaconda and Painter Lake Roads), and nuclear energy expansions encompassing the Darlington, Pickering, and Bruce Nuclear Generating Stations, the Wesleyville site in Port Hope, and the G7's first small modular reactor.
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