SUMMARY: Virtual Viewing of Budget with Minister of Ministry of Heritage, Sport, Tourism and Culture Industries, Lisa MacLeod

Virtual Viewing of Budget with Minister of Ministry of Heritage, Sport, Tourism and Culture Industries, Lisa MacLeod – November 5th, 2020 at 4:00pm EST

Full Budget and Action Plan please see link here https://budget.ontario.ca/2020/pdf/2020-ontario-budget-en.pdf 

Today, Finance Minister Rod Phillips released Ontario’s Action Plan: Protect, Support, Recover — the next phase of a comprehensive action plan to respond to the serious health and economic impacts of COVID-19. Ontario’s Action Plan now sets out a total of $45 billion in support over three years to make available the necessary health resources to continue protecting people, deliver critical programs and tax measures to support individuals, families and job creators impacted by the virus, and lay the groundwork for a robust long-term economic recovery for the province.

OAAG Art and Culture Summary Highlights

  • Committing to provide Ontario residents with the support of up to 20 percent for eligible Ontario tourism expenses to encourage them to safely discover Ontario in 2021, the year of the Ontario staycation; worth about $150 Million Travel Tax Credit, 
  • Ontario Creates – Stability and extended deadlines for film, TV, animation, IO, for an extra 24 months. 
  • Book publishing tax credits – temporarily waive the 500 copy publishing requirement to allow them to receive the Ontario book publishing tax credit for 2020 and the 2021 taxation years.
  • $25 Million more for Ontario Arts Council, 
  • COVID 19 relief fund for Francophone non-profits
  • $100 Million more for Ontario Trillium Foundation, 
    • The minister will deliver a 100 million dollar community building fund for Sports, Culture, and Tourism throughout the next two years through the Ontario Trillium Foundation. 
  • Connecting workers in the tourism and hospitality sector and others most affected by the pandemic to training and jobs with an investment of $180.5 million over 3 years, including a skilled trades strategy, an additional $100 million of dedicated investments through Employment Ontario for skills training, a redesigned Second Career program, and $59.5 million to acquire in-demand skills.
  • The redevelopment of Ontario Place
  • $1 billion to extend broadband for rural areas
  • $57.7 million for a digital main street program 
  • $10 million for indigenous-owned business 
  • $10 million hyperlocal marketing campaign and support 
  • $50 million worth to the agencies and attractions related to this ministry 
  • Property Taxes reduced for small business owners – for many employers, this represents a 30% reduction.

OAAG/AOGA Full Summary of the highlights of the VIRTUAL BUDGET VIEWING PARTY 

Hon. Lisa MacLeod’s opening remarks: “This is the first budget in 15 years I’ve been a member of the provincial Parliament, where I’m not able to take my seat in the Legislative Assembly. Over the last year and a half, I’ve been your minister, but more importantly, over the last eight months, we’ve been struggling with COVID-19, which has hit our sectors first hardest and will take us the longest to recover. As I look over to see my colleague, the Honorable Rod Phillips, I’m just delighted that we are going to be able to see a strong commitment today for our sectors.”

House of Commons Hon. Ron Phillips’ opening remarks: Ontario’s action plan is to protect, support and recover. Ontario was the first to provide a financial and economic update amidst the global crisis.

Ontario Three Years Action Plan

The plan has three pillars: Protect, Support, & Recovery

Protect — $15.2 billion, including $7.5 billion in new funding, for the government’s urgent response to COVID-19. Highlights of the new funding include:

  • Increasing average daily direct care from a nurse or personal support worker (PSW) per long-term care resident to four hours a day over a four-year period, making Ontario the leader among Canadian provinces in protecting our seniors.
  • Making available $4 billion in 2021-22 and a further $2 billion in 2022-23 in dedicated support to protect people’s health and to support the fight against the COVID-19 pandemic.
  • Opening the new Cortellucci Vaughan Hospital site with a new emergency room, state-of-the-art diagnostic imaging and operating rooms. This is the first newly built hospital to open in Ontario in 30 years that adds net new capacity to the system.
  • $30 million for group homes, women’s shelters, and other organizations to control infection 
  • Launching a Victim Support Grant 
  • $1.7 billion for building beds in long term care and ensuring the quality of care is there.
  • $2.5 billion more than last year to Hospitals 
  • $37 million to protect community water supplies
    • $2.7 million to COVID testing in sewing water
  • $25.5 million to agriculture chain – produce local food

Support — $13.5 billion, including $2.4 billion in additional supports for people and jobs. Highlights of the new funding include:

  • Providing $380 million to parents through another round of payments, following the $378 million of funding in March of $200 per child up to 12 years old and $250 per child and youth with special needs up to 21 years old, through the Support for Learners initiative. This will assist with added costs of COVID-19, such as technology for online learning. This means a family with three young children, one of whom has special needs, would receive $1,300 in 2020 to support costs related to educational supplies and technology.
  • Proposing the new Seniors’ Home Safety Tax Credit for the 2021 taxation year — a 25 percent credit on eligible renovations of up to $10,000 — to help seniors stay in their homes longer by making their homes safer and more accessible. Seniors would be eligible regardless of their incomes and whether they owe income tax for 2021. Family members who live with them and support them would also be eligible.
  • Investing an additional $60 million over three years starting in 2020-21 in the Black Youth Action Plan, doubling its base funding to extend the current program and create a new economic empowerment stream that will support Black youth in achieving social and economic success.
  • Investing $100 million over two years for the Community Building Fund to support community tourism, cultural and sports organizations that are experiencing significant financial pressures due to the pandemic.
  • Providing an additional $1.8 billion in the Support for People and Jobs Fund over the next two years, 2021-22 and 2022-23, to remain responsive to emerging needs and continue providing supports for the people of Ontario.
  • $17 million for seniors for the Active Living Programs. 
  • $13 billion over 10 years in capital improvement for schools 
    • $1.4 billion this year and $1.9 billion next year 
  • Small business owners – $300 million to assist with a fixed cost, 
  • $60 million in one time grants for PPE
  • $26 million to upgrade Ontario Parks
  • Committing to provide Ontario residents with the support of up to 20 percent for eligible Ontario tourism expenses to encourage them to safely discover Ontario in 2021, the year of the Ontario staycation; worth about $150 Million Travel Tax Credit, 
  • Ontario Creates – Stability and extended deadlines for film, TV, animation, IO, for an extra 24 months. 
  • Book publishing tax credits – temporarily waive the 500 copy publishing requirement to allow them to receive the Ontario book publishing tax credit for 2020 and the 2021 taxation years.
  • $25 million more for Ontario Arts Council, 
  • COVID 19 relief fund for Francophone non-profits
  • $100 million more for Ontario Trillium Foundation, 
    • The minister will deliver a 100 million dollar community building fund for sports Culture and Tourism throughout the next two years through the Ontario Trillium Foundation. 
  • The redevelopment of Ontario Place
  • $180 Million for skilled trades development will help music, tourism, and film/tv/animation sectors. $60 million to help support fast transitions to new jobs.
  • $1 billion to extend broadband for rural areas
  • $57.7 million for a digital main street program 
  • $10 million for indigenous-owned business 
  • $10 million hyperlocal marketing campaign and support 
  • $50 million worth to the agencies and attractions related to this ministry 

Recover — $4.8 billion in new supports to build the foundation for a strong recovery fuelled by economic growth. Highlights include:

  • Making additional investments of over $680 million over the next four years in broadband infrastructure which, combined with its prior commitments, increases Ontario’s investment to a historic nearly $1 billion to ensure communities across the province are connected.
  • Reducing property taxes on job creators and levelling the playing field by lowering high Business Education Tax (BET) rates for over 200,000 employers, or 94 percent of all business properties in Ontario, to a rate of 0.88 percent. This is creating $450 million in immediate annual savings and representing a reduction of 30 percent for many businesses currently subject to the highest BET rate in the province.
  • Responding to requests from local governments by proposing to provide municipalities with the ability to cut property tax for small businesses and a provincial commitment to consider matching these reductions. This would provide small businesses as much as $385 million in total municipal and provincial property tax relief by 2022-23, depending on municipal adoption.
  • Ending a tax on jobs for an additional 30,000 employers by proposing to make permanent the Employer Health Tax (EHT) exemption increase from $490,000 to $1 million. With this additional relief, about 90 percent of employers would pay no EHT, saving them $360 million in 2021-22 that could be reinvested in jobs and growth.
  • Committing to provide Ontario residents with the support of up to 20 percent for eligible Ontario tourism expenses to encourage them to safely discover Ontario in 2021, the year of the Ontario staycation.
  • Connecting workers in the tourism and hospitality sector and others most affected by the pandemic to training and jobs with an investment of $180.5 million over 3 years, including a skilled trades strategy, an additional $100 million of dedicated investments through Employment Ontario for skills training, a redesigned Second Career program, and $59.5 million to acquire in-demand skills.
  • Providing $500 million over four years to make government services more reliable, convenient and accessible through the Ontario Onwards Acceleration Fund.

Hon. Ron Phillips’ closing remarks: “Strong sustained economic growth is needed for Ontario to recover. 

We are protecting creating jobs now and in the future, with a plan that trains workers, a plan that addresses job-killing electricity prices and regulation, a plan that reduces taxes on jobs, and plans to connect every home, business and farm in Ontario to broadband. 

It is the greatest honour of my life to represent the people of my community. The people of our province have been through a lot. It is no wonder the Ontario spirit is so strong. Together we will face whatever lies ahead, and we will protect and support each other, and together we will recover and prosper. “

Hon. Lisa MacLeod Closing Remarks: “I’m very grateful to all of you for your advice, your guidance and personal kindness toward our team and myself, including both in the ministry office as well as the entire department. As I said earlier, this is the first budget as a member of the provincial Parliament where I was not in the chamber. But I will say that to watch it live with all of you virtually made the best of a challenging situation.”

For full news release click HERE (via Ontario.ca)

Subscribe
Notify of
0
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x