Highlights of the Ontario government's budget
The Ontario government tabled a budget Thursday that forecasts provincial surpluses after a year, with heavy investments in health care.
Here are the highlights:
THE PATH TO BALANCE, AND THEN SOME
Ontario expects to run a $1.3-billion deficit starting in the fiscal year beginning next month, before posting a small surplus of $200 million in 2024-25. The next fiscal year is forecast to have a $4.4-billion surplus.
Finance officials say the trajectory is, in part, due to increasing revenues based on higher-than-expected levels of inflation and economic recovery.
Finance Minister Peter Bethlenfalvy says the plan shows it's possible to balance the budget while still investing in key areas like health care and housing.
This year's budget continues its heavy investments in infrastructure plans, with more than $20 billion in highway, hospital and transit projects, and includes boosts to home care and the health-care workforce.
GROWING THE HEALTH-CARE WORKFORCE
The government is addressing health-care staffing shortages by investing $200 million in supports to grow the workforce.
The money will go toward offering up to 6,000 health-care students training opportunities and supporting up to 3,150 internationally educated nurses to become accredited in Ontario.
The province is also investing a total of $80 million over three years to expand nursing education in universities and colleges, a move it says will add 8,000 additional nurses by 2028.
The province is also adding 100 medical school spots and 154 spots for medical school graduates to train as residents.
Additionally, the budget includes $22 million to hire up to 200 hospital preceptors, who supervise learners, $15 million to keep 100 mid-to-late career nurses in the workforce and $4.3 million to get at least 50 internationally trained physicians licensed in Ontario.
MILLIONS FOR MENTAL HEALTH, HOMELESSNESS
To address the more than one million Ontarians experiencing a mental health or addictions challenge every year, the government is pouring an additional $425 million into mental health services over three years.
The investments will provide a five per cent increase in base funding for community-based mental health and addiction services, such as supports for youth suffering from eating disorders.
The budget says the province will also put an additional $202 million each year toward homeless prevention and supportive housing programs, where people experiencing homelessness are connected with services like job training in addition to a roof over their heads.
FASTER HOME CARE FUNDING
The government plans to accelerate the $1 billion it pledged over three years for home care.
Home Care Ontario had been asking the province to release more of that money promised in 2022, saying only $120 million had been rolled out in the first year.
The budget says Ontario will send out $569 million in the 2023-24 fiscal year.
Some $300 million of that will be spent on "contract rate increases to stabilize the home and community care workforce."
MORE PRESCRIBING POWERS FOR PHARMACISTS
The budget is further expanding prescribing power for pharmacists.
That comes two months after Ontario's pharmacists were allowed to prescribe treatments for 13 common ailments.
The expansion will allow pharmacists to prescribe medications for ailments that include acne, canker sores, yeast infections and nausea and vomiting in pregnancy.
SUPPORTING SENIORS
The government plans to expand the Guaranteed Annual Income System, which helps low-income seniors.
It says about 100,000 more seniors will become eligible for the program in July 2024 thanks to a higher private income threshold.
The province is also planning to adjust the benefit annually so it increases with inflation.
The budget also contains an additional $1-million investment over three years to expand the Seniors Safety Line, a provincewide helpline dedicated to elder abuse.
EDUCATION
The budget contains $22 billion to build more schools and child care spaces.
The funding will go in part toward a new English elementary school in North Bay, a new English Catholic high school in Windsor and new additions to French elementary schools in Pickering and Oakville.
Ontario says it will also invest $5.4 billion in post-secondary education to help modernize classrooms, upgrade technology, carry out repairs and improve sustainability.
The province is also earmarking $25 million over two years for early reading enhancements, an additional $12.6 million over two years in targeted math supports and $6.2 million over three years for students with disabilities to pursue cooperative education opportunities.
RESIDENTIAL SCHOOL SEARCHES
The government says it will spend an additional $25.1 million this year to support searches at residential school burial sites across the province.
The money will be used to identify, investigate and commemorate the burial sites, provide resources for researchers and community co-ordinators, engage with residential school survivors and interpret ground-scanning technologies.
In November 2021, the Progressive Conservative government doubled its initial $10 million investment for investigations into unmarked graves at former residential schools to $20 million.
ADVANCING CRITICAL MINERAL EXPLORATION
Ontario is investing an additional $3 million this year and $3 million next year into a program that helps junior mining companies finance mineral exploration and development.
The investments build on the government's critical minerals strategy, which aims to grow the sector and make Ontario a leading producer of critical minerals -- including those in the Ring of Fire in the province's north.
The budget says critical minerals are essential for products Ontarians rely on, like cell phones, electric vehicles and semiconductors in goods.
This report by The Canadian Press was first published March 23, 2023.
CTVNews.ca Top Stories
BREAKING Ontario Provincial Police arrest 64 suspects in child sexual exploitation investigation
Ontario Provincial Police say 64 suspects are facing a combined 348 charges in connection with a series of child sexual exploitation investigations that spanned the province.
Most of Canada to receive emergency alert test today
The federal government will test its capacity to issue emergency alerts today, with the exception of Ontario, where the test will take place on May 15.
OPINION What King Charles' schedule being too 'full' to accommodate son suggests about relationship with Prince Harry
Prince Harry, the Duke of Sussex, has made headlines with his recent arrival in the U.K., this time to celebrate all things Invictus. But upon the prince landing in the U.K., we have already had confirmation that King Charles III won't have time to see his youngest son during his brief visit.
Seafood, eat food: Calgary Stampede releases Midway menu
The Calgary Stampede has released its menu of sweet, salty and spicy treats available on the Midway for the Greatest Outdoor Show on Earth.
Ontario man devastated to learn $150,000 line of credit isn't insured after wife dies
An Ontario man found out that a line of credit he thought was insured actually isn't after his wife of 50 years died.
Boy Scouts of America is rebranding. Here's why they've changed their name
After more than a century, Boy Scouts of America is rebranding as Scouting America, another major shakeup for an organization that once proudly resisted change.
Trial begins for Winnipeg serial killer who claims he was mentally ill
The trial of a man who admits he killed four women in Winnipeg is set to begin Wednesday, and a law professor says lawyers for Jeremy Skibicki have multiple hurdles to clear for a defence of mental illness.
These adults born in the '90s partnered with their parents to buy homes in Ontario
An Ontario woman said it would have been impossible to buy a house without her mother – an anecdote that animates the fact that over 17 per cent of Canadian homeowners born in the ‘90s own their property with their parents, according to a new report.
New Canadian study could be a lifesaver for thousands suffering from CTE
A first-of-its-kind Canadian research study is working towards a major medical breakthrough for a brain disorder, believed to be caused by repeated head injuries, that can only be detected after death.