The Ontario government says they’re investing $11 billion to support workers and businesses in the face of economic uncertainty, including fallout from recent U.S.-imposed tariffs.
Premier Doug Ford announced the measures on April 7, calling them a vital step toward building “the most competitive economy in the G7.”
“We can’t control President Trump, but we’re in full control of the kind of future we build for ourselves,” said Ford in a statement. “These steps will help protect Ontario workers and businesses.”
The relief package includes deferring select provincially administered taxes for six months-from April 1 to Oct. 1, 2025-offering about $9 billion in cash flow support for roughly 80,000 businesses. The deferral affects 10 tax programs, including the Employer Health Tax, Fuel Tax and Mining Tax.
In addition, the Workplace Safety and Insurance Board (WSIB) will issue a $2 billion surplus rebate to safe employers, following a similar rebate distributed in March.
Finance Minister Peter Bethlenfalvy said the measures will help Ontario “weather the storm” and ensure businesses can adapt and keep workers employed.
David Piccini, Minister of Labour, added that the province is looking at more ways to support employers and safeguard jobs. The plan also includes breaking down internal trade barriers, diversifying export markets, and accelerating development approvals.
Vic Fedeli, Minister of Economic Development, said Ontario is focused on building a “strong, stable future for generations to come.”
These actions are part of a broader strategy to make Ontario a top global destination for investment, even amid global trade pressures.
(Written by: Joseph Goden)
