Top things to know about the Ontario budget
The Ontario government’s post-pandemic 2023 budget reflected an end to one-time bailouts and emergency spending.
Instead, it put an emphasis on industry in an effort to support an uncertain economy.
Here’s what you need to know:
Largest budget in history
The province’s $204.7 billion budget is the province’s largest ever, surpassing last year’s spending by more than $6 billion.
Balancing the budget
The government says it’s on track to balancing the budget by 2025.
Ontario’s deficit dropped to about $2.2 billion for this fiscal year and is projected to continue to dip, reaching a surplus of $200 million in 2024-2025.
Pharmacy prescriptions:
Ontario pharmacists will soon be able to prescribe more medications on top of the 13 ailments already allowed.
Starting in the fall, the expanded prescribing power will include medications that treat moderate acne, canker sores, diaper dermatitis, yeast infections, pinworms and theadworms, and nausea and vomiting related to pregnancy.
New provincial park:
Last year Ontario pledged to create a new provincial park. The commitment was mentioned again in the 2023 budget, with officials saying it will add 250 new campsites to the Ontario Parks system.
No details about where this park would be located were provided, however the budget does say that it will offer “four-season facilities” and provide space for swimming, hiking and cross-country skiing.
Protected area in Uxbridge
Very few details have been provided about this project but the province says it is exploring the creation of a new “protected area” in Uxbridge.
Tax credit for manufacturers
Canadian-controlled private corporations will now be eligible for a 10 per cent refundable tax credit of up to $2 million a year for buildings, machinery and equipment—at a cost of $780 million.
Health care staffing shortages
Ontario is investing about $200 million to address staffing shortages in healthcare on top of an $80 million commitment over three years to expand nursing education in universities and colleges.
Just over $41 million will be put towards hiring health-care workers, including 200 medical supervisors and retaining mid-to-late career nurses.
Investing in private clinics
Ontario will put an additional $72 million into OHIP-covered surgeries being performed at community surgical and diagnostic centres.
No more sickdays
As previously reported, Ontario did not extend the temporary three-day pandemic sick leave program, which is set to expire on March 31.
No more detailed COVID costs
The government has removed details of time-limited COVID-19-specific funding from the budget.
It is, however, pledging $113 million over three years for emergency readiness.
Help for seniors
The Ontario government is expanding the Guaranteed Annual Income System to allow 100,000 more seniors to become eligible as of July 2024.
There is also a $1-million investment over three years to expand the province-wide helpline dedicated to elder abuse.
The province has said it will accelerate about $569 million towards home care over the next fiscal year.
More investments in skilled workers
The province is spending $224 million to build and upgrade training centres in Ontario as well as adding $75 million to the Skills Development Fund over the next three years.
No big money for municipalities
There is no big money for cities struggling amid shortfalls as a result of the pandemic and the elimination of development fees by the provincial government.
The PCs have pledged to add an additional $202 million each year to the Homeless Prevention Program and Indigenous Supportive Housing Program—including $48 million for Toronto.
CTVNews.ca Top Stories
BREAKING | Danielle Smith's UCP holds onto power in Alberta
Danielle Smith is still the premier of Alberta, surviving a vigorous campaign and a tight vote Monday against NDP challenger Rachel Notley.

Singh calls for foreign interference rapporteur Johnston to step aside
NDP Leader Jagmeet Singh is pushing for special rapporteur David Johnston to 'step aside' from his role examining the issue of foreign interference before he embarks on public hearings.
New Democrat MP says she is target of foreign interference by China
New Democrat MP Jenny Kwan said Monday that Canada's spy agency has confirmed her long-held belief she is being targeted by the Chinese government, as the prime minister granted the NDP's wish to allow more party members to review top-secret intelligence.
Golden Knights reach 2nd Stanley Cup Final after Game 6 win over Stars
William Karlsson, William Carrier and Jonathan Marchessault are finally getting another chance in the Stanley Cup Final, after the first one that came so quick for the Vegas Golden Knights.
Caleb Martin helps Heat to 103-84 Game 7 win over Celtics and spot in NBA Finals
Eastern Conference finals Most Valuable Player Jimmy Butler scored 28 points, and Caleb Martin had 26 points and 10 rebounds to help the eighth-seeded Miami Heat beat the Celtics 103-84 in Game 7 on Monday night and advance to the NBA Finals for the second time in four seasons.
Canadian parliamentarians condemn Uganda's recently passed anti-homosexuality law
Canadian political leaders and parliamentarians are denouncing a new law passed in Uganda that imposes harsh penalties, including the death penalty, for certain cases involving homosexuality.
Free prescription drugs could reduce overall health-care costs in Canada: study
Overall health-care costs could be reduced in Canada by providing free prescription drugs to patients, according to a new study.
Northern B.C., Alberta and all of Ontario under 'high' to 'extreme' wildfire risk: What to know
There's a heightened risk of wildfires across the country during what has been one of the earliest fire seasons on record. From British Columbia to Nova Scotia, here's where the risk is highest.
Strategic city planning can mitigate 'urban heat island' effect, make cities cooler in summer: study
New research from Penn State University found certain factors can contribute to reducing what’s known as the 'urban heat island' effect, and that climate knowledge can contribute to better city planning and design.