Ontario Ministry of Finance

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Updated: 2 days 7 hours ago

Ontario's Action Plan Doubles Ontario Small Business Support Grant

Thu, 03/25/2021 - 15:30

TORONTO — The Ontario government is providing additional support to eligible small businesses to help with the ongoing costs of the COVID-19 pandemic. Confirmed eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000. This support to help small business owners keep the doors open and workers employed is part of the 2021 Budget, Ontario's Action Plan: Protecting People's Health and Our Economy.

Ontario's Action Plan: Protecting People's Health and Our Economy

Wed, 03/24/2021 - 17:15

TORONTO — Today, Minister of Finance and President of the Treasury Board Peter Bethlenfalvy released Ontario's Action Plan: Protecting People's Health and Our Economy. The 2021 Budget is the next phase of Ontario's response to COVID-19 and is the second Budget the government has delivered during the pandemic.

2021 Budget to be Released Tomorrow, March 24, 2021

Tue, 03/23/2021 - 18:00
Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, will deliver the 2021 Budget in the Ontario Legislature.

Ontario to Release 2021 Budget on March 24

Thu, 03/11/2021 - 09:15

TORONTO — The Ontario government will continue to focus on protecting people's health and jobs through the COVID-19 pandemic when Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, releases the 2021 Ontario Budget on March 24. The Budget will support the province's comprehensive vaccine distribution plan, along with providing additional resources for the health care sector and initiatives to protect the economic well-being of families, workers and employers. 

Minister of Finance and President of the Treasury Board to Make an Announcement

Thu, 03/11/2021 - 07:00

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, and Stan Cho, Parliamentary Assistant, will make an announcement.

Third Quarter Finances Demonstrate Ontario's Unwavering Commitment to Protect Individuals, Families and Businesses

Wed, 02/10/2021 - 11:00

TORONTO — Today, the Ontario government released the province's 2020-21 Third Quarter Finances, which demonstrates an unwavering commitment to support individuals, families and small businesses during the COVID-19 pandemic. The report shows that the government is projecting to spend $25 billion more than last year, including an additional $2.6 billion since the 2020 Budget. These investments are being used to deliver the Ontario Small Business Support Grant, to provide more hospital supplies and PPE, and to better protect long-term care homes and child care settings.

Minister of Finance to Release Quarterly Fiscal Update

Tue, 02/09/2021 - 18:30

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, and Parliamentary Assistant, Stan Cho, will release Ontario's 2020-21 Third Quarter Finances and provide an update on Ontario's economic and fiscal outlook.

Small Businesses Apply for Ontario's Small Business Support Grant in Growing Numbers

Fri, 01/22/2021 - 11:15

TORONTO — The Ontario government has received more than 42,000 applications for the Ontario Small Business Support Grant. Businesses that have been approved can expect to receive payment within about 10 business days. During the Provincewide Shutdown all eligible small businesses facing challenges are being encouraged to apply for this financial support and receive at least $10,000 and up to $20,000.

Ministers to Provide an Update on the Ontario Small Business Support Grant

Fri, 01/22/2021 - 07:00

Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board, Vic Fedeli, Minister of Economic Development, Job Creation and Trade, and Prabmeet Sarkaria, Associate Minister of Small Business and Red Tape Reduction, will provide an update on the Ontario Small Business Support Grant.

Ontario Launches 2021 Budget Consultations

Fri, 01/15/2021 - 15:30

TORONTO — The Ontario government is asking the people of Ontario for their ideas on how to continue to support families, workers and business during COVID-19, while positioning the province for a strong economic recovery with the launch of the 2021 Budget consultation.  

Applications Now Open for Ontario's Small Business Support Grant

Fri, 01/15/2021 - 10:45

TORONTO — The Ontario government has opened  applications for the new Ontario Small Business Support Grant. The grant, first announced in December, provides a minimum of $10,000 to a maximum of $20,000 to eligible small businesses who have had to restrict their operations due to the Provincewide Shutdown. The tightened restrictions were put in place to help stop the alarming rise of COVID-19 cases in Ontario.

Ontario's Action Plan: Protect, Support, Recover

Thu, 11/05/2020 - 16:05

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.

2020 Ontario Budget to be Released Tomorrow, November 5, 2020

Wed, 11/04/2020 - 17:00

Rod Phillips, Minister of Finance, will deliver the 2020 Budget in the Ontario Legislature. 

Ontario Provides $500 Million in Funding Allocations to Municipalities

Thu, 10/29/2020 - 20:00

Toronto — The Ontario government is providing municipalities with $500 million through the Ontario Municipal Partnership Fund (OMPF). The province is maintaining the overall structure of the fund, keeping a commitment made at the Association of Municipalities of Ontario annual conference in August 2020. Municipalities are being informed of their specific 2021 funding allocations today, which will provide much needed stability and support.  

Ontario Releases 2020-21 First Quarter Finances

Wed, 08/12/2020 - 12:00

TORONTO — The Ontario government is continuing to support the province's recovery from COVID-19 over the long-term while delivering on its commitment to transparency and accountability with the release of 2020-21 First Quarter Finances and an update to Ontario's Action Plan: Responding to COVID-19. To protect the health and economic well-being of the people of Ontario, the government continues to invest and budget for further contingencies in the fight against the COVID-19 outbreak, including providing support to families, businesses, workers, municipalities, long-term care homes and those on the front-lines of the pandemic. These investments bring the government's COVID-19 response action plan to a projected $30 billion, up from $17 billion announced in Ontario's Action Plan: Responding to COVID-19 on March 25, 2020.

Ontario Provides Update to Ontario's Action Plan: Responding to COVID-19

Wed, 08/12/2020 - 12:00

Since announcing the first steps in the government's response to the global pandemic on March 25, 2020, the government has made additional investments and budgeted for further contingencies in the fight against COVID-19. This includes allocating more support for people, jobs, a safe reopening, and the prevention of - or response to - a second wave. With these investments, the government's COVID-19 response action plan is now a projected $30.0 billion, up from $17 billion announced in Ontario's Action Plan: Responding to COVID-19 on March 25, 2020.

Ontario Releases 2020-21 First Quarter Finances

Wed, 08/12/2020 - 12:00

TORONTO — The Ontario government is continuing to support the province's recovery from COVID-19 over the long-term while delivering on its commitment to transparency and accountability with the release of 2020-21 First Quarter Finances and an update to Ontario's Action Plan: Responding to COVID-19. To protect the health and economic well-being of the people of Ontario, the government continues to invest and budget for further contingencies in the fight against the COVID-19 outbreak, including providing support to families, businesses, workers, municipalities, long-term care homes and those on the front-lines of the pandemic. These investments bring the government's COVID-19 response action plan to a projected $30 billion, up from $17 billion announced in Ontario's Action Plan: Responding to COVID-19 on March 25, 2020.

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