Ontario Ministry of Finance

TORONTO — The Ontario government is enabling auto insurance companies to provide temporary insurance premium rebates to drivers during the COVID-19 pandemic. The province has amended a regulation under the Insurance Act to help ease the financial pressure on working people and families during this public health crisis.

TORONTO — During the COVID-19 outbreak, the Ontario government is deferring $15 million in property taxes for people and businesses in parts of Northern Ontario located outside of municipal boundaries. This tax deferral builds on the $10 billion in cash flow supports made available to people and businesses as part of Ontario's Action Plan: Responding to COVID-19.

TORONTO — Today, Finance Minister Rod Phillips released Ontario's Action Plan: Responding to COVID-19 (March 2020 Economic and Fiscal Update).

TORONTO — Today, Rod Phillips, Minister of Finance issued the following statement in response to the impact of COVID-19 on Ontario's finances and economy:

TORONTO — Today, Rod Phillips, Minister of Finance, announced that the government will release its 2020 Ontario Budget on March 25. The Minister will share the next steps in the government's plan to ensure every person in Ontario has the opportunity to grow and prosper.

TORONTO — Minister of Finance Rod Phillips and Parliamentary Assistant Stan Cho have wrapped up formal consultations for the 2020 Budget. These ideas will support the government's work as they implement their Plan to Build Ontario Together.

TORONTO — Today, the Ontario government announced the Capital Markets Modernization Taskforce members who will review and modernize the province's capital markets regulations.

ELMIRA — The Ontario Government is asking people in Kitchener-Waterloo for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.

MISSISSAUGA — The Ontario Government is asking people in Peel Region for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.

KENORA — The Ontario Government is asking people in the Kenora area for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.  

SCARBOROUGH — The Ontario Government is asking people in Scarborough for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget. 

GUELPH — The Ontario government is reviewing recommendations to help credit unions and caisses populaires better serve their communities. 

WHITBY — The Ontario Government is asking people in Durham Region for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.  

Today, the Government of Ontario reported that the province is still on track to a balanced budget while making life more affordable for individuals and families and helping businesses create good jobs with the release of the 2019-20 Third Quarter Finances.

OWEN SOUND — The Ontario Government is asking people in the Bruce-Grey-Owen Sound area for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.

OAKVILLE — The Ontario Government is asking people in Halton Region for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.

AURORA — The Ontario Government is asking people in the Aurora area for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget.

"I would like to thank Maureen Jensen for her work as Chair and CEO of the Ontario Securities Commission. Ms. Jensen's commitment to public service and contributions to the OSC have successfully positioned Ontario to continue to grow as one of the world's leading capital markets.

TORONTO — Ontario continues to build strong, local partnerships by maintaining the funding available to municipalities through the Ontario Municipal Partnership Fund (OMPF) at $500 million for 2021.  

TORONTO — Ontario has fulfilled its promise to cut the small business Corporate Income Tax (CIT) rate by 8.7 per cent by reducing the rate to 3.2 per cent effective January 1, 2020. Supporting small businesses is part of the government's plan to attract investment and enable entrepreneurs and risk takers to grow their businesses and create high-paying, good quality jobs.