Episode Details

Ontarios 2026 Budget: Record Spending, Small Business Tax Cut, and Healthcare Boosts

The Ontario government unveiled its 2026 budget, A Plan to Protect Ontario, with a record-breaking program spending of $226 billion and a ballooning deficit of $13.8 billion. Net debt is set to surpass $500 billion next year, while a significant small business tax cut to 2.2% from 3.2% starting July 1, 2026, delivers $1.1 billion in relief over three years. The budget allocates boosts to healthcare, with hospital funding increasing by $1 billion and $1.1 billion for home care, plus nearly $1 billion annually for the Ontario Autism Program. Highways receive $31 billion, though project specifics remain vague. Unemployment forecasts improved, but no new affordability steps were announced beyond prior moves like HST relief on new homes and extended transit fare programs. The province aims for a surplus by 2028-2029.

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