Canadian Legislative Issues

Ontario Provincial Budget 2015-2016

The province has now recovered from the 2008-2009 recession and is exceeding expectations regarding deficit targets. In order to reach a balanced budget by 2017-2018, the estimated deficit is $1.6 billion as opposed to $10.9 billion. It is fair to say that Ontario seems on the right track in terms of economic recovery.

"Ontario will continue to invest in the priorities most important to Ontarians, like infrastructure, while continuing lowest per capita program spending among all Canadian provinces so we can promote growth and therefore jobs", stated Charles Sousa, Minister of Finance.

While the government of Ontario is being cautious in its spending, public infrastructure will benefit from a $130 billion investment over the next ten years, which is part of the government’s four-part plan.

In sum, as Ontario’s economy is taking a turn for the better, it can have a positive impact on NAFA Members and fleet managers.