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Ontario’s Plan to Build

2022 Budget supports a plan for better jobs and bigger paycheques, building highways, transit and hospitals, and lower costs for families

News.Ontario.ca
April 29, 2022

Today, Minister of Finance Peter Bethlenfalvy released the 2022 Budget. Ontario’s Plan to Build has five pillars:

The government’s plan will seize the opportunities in critical minerals, batteries and electric and hybrid vehicle manufacturing, help deliver better jobs and bigger paycheques for workers, help keep costs down for families, and get shovels in the ground for highways, transit, hospitals and other key infrastructure. Supported by a plan to stay open, the government is building Ontario.

“The people of Ontario deserve a government that has a real plan to build,” said Minister Bethlenfalvy. “Our government’s Budget is Premier Ford’s vision and our plan to cut through the excuses and act right away on the priorities of the people of Ontario.”

The 2022 Budget continues the government’s track record of strong fiscal management. The plan includes increases to base program spending at an average annual rate of about five per cent over the next three years. The Budget also presents a recovery plan that will eliminate Ontario’s deficit two years earlier than projected in the 2021 Budget.

“Our government has a plan, and that plan is working,” said Minister Bethlenfalvy. “But the work is not over, and the job is not done. We are ready to get it done for the people of Ontario.”

Rebuilding Ontario’s Economy is the first pillar of the government’s plan. While Ontario lost 300,000 manufacturing jobs between 2004 and 2018, the government has a plan to help create jobs and build prosperity everywhere, for everyone.

Highlights include:

Highlights include:

Highlights include:

See A Capital Plan for Building Ontario for further details.

Keeping Costs Down is the fourth pillar in the government’s plan. When costs go up, it has a direct impact on families, seniors, workers and the economy. That’s why the government has a plan to help keep costs down by increasing housing supply, making it less expensive to drive or take transit, and by providing relief on everything from child care to taxes.

Highlights include:

Highlights include:

Quick Facts

Legislative amendments proposed as part of Ontario’s Plan to Build would, if passed, help to create seamless transit services across Toronto municipal boundaries, crack down on auto insurance fraud, and remove the requirement for the WSIB head office to be located in Toronto.