Ontario Premier Doug Ford's administration is preparing for a budget that may not be balanced as the province copes with economic challenges stemming from U.S. tariffs. He is allocating nearly $1 billion over three years to the Skills Development Fund to support job training and upskilling. Despite concerns about fiscal balance, Ford emphasizes the immediate need to protect Ontario's families and workers rather than making drastic cuts. The budget, set to be unveiled on May 15, will also expand tax credits for manufacturers amidst the economic strain.
Ontario Premier Doug Ford is signaling that his government's upcoming budget may not be balanced, as the province needs to support people in the face of U.S. President Donald Trump's tariffs.
Ford announced Tuesday that in the Ontario budget to be tabled May 15, the province will be adding nearly $1 billion over three years to the Skills Development Fund, which supports hiring, training and upskilling programs.
Ford now suggests he still has a path to balance, but it might be a bit different. 'We have two choices, right, either start cutting infrastructure and everything else, or you hang in there for a year or two, and we balance,' he said.
Bethlenfalvy announced Monday that the budget will include expanding the Ontario Made Manufacturing Investment Tax Credit, which he said would be a significant tool for businesses as they look for ways to keep workers on the job.
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