Ontario budget 2014: What to expect

Ontario's minority Liberal government will table its 2014 budget today. A series of official pre-budget announcements and some unofficial leaks have provided a good snapshot of what may be in Finance Minister Charles Sousa's fiscal plan.

Ontario's minority Liberal government will table its 2014 budget Thursday at 4:00 p.m.

Ahead of the budget's unveiling on Thursday, Premier Kathleen Wynne said she hoped that it will be able to pass and that she believed it had parts that would appeal to both opposition parties. (Frank Gunn/Canadian Press)

Ontario's minority Liberal government will table its 2014 budget today. A series of official pre-budget announcements and some unofficial leaks have provided a good snapshot of what may be in Finance Minister Charles Sousa's fiscal plan:

From government announcements:

  • A new Ontario Retirement Pension Plan, which will require contributions from employers and workers.
  • $29 billion over 10 years for transit and transportation infrastructure, including $15 billion for massive public transit expansion in Toronto-Hamilton area.
  • $2.5 billion over 10 years in corporate grants to secure new investments and jobs.
  • $1 billion to develop the Ring of Fire mineral deposit in norther Ontario.
  • $269 million over three years to raise wages of licensed child-care workers.
  • $280 million over three years to increase pay for personal support workers in the home-care sector.
  • $1 million to give grants to seniors to help them stay in their homes longer.
  • $50 million a year to help would-be parents pay for in vitro fertilization treatments.

From documents obtained by The Canadian Press from a source outside the government:

  • Increased taxes on high income earners and tobacco.
  • Removal of some corporate tax credits to help pay for the transit plan.
  • A four-cent-a-litre hike in the tax on aviation fuel, phased in over four years, to help fund transit and infrastructure projects.

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