FOR IMMEDIATE RELEASE:
Nov. 4, 2021
QUEEN’S PARK – The 2021 Ontario Economic Outlook and Fiscal Review: Build Ontario lays out how the government will build the foundation for Ontario’s recovery and prosperity by getting shovels in the ground on critical infrastructure, attracting increased investment, and restoring leadership in auto manufacturing and other industries. The plan also protects Ontario’s progress against the COVID‑19 pandemic.
The plan introduces or extends a number of tax credits, including:
- A new, temporary Ontario Staycation Tax Credit for the 2022 tax year. This Personal Income Tax (PIT) credit would provide Ontario residents with support of 20 per cent of eligible 2022 accommodation expenses of up to $1,000 for an individual and $2,000 for a family, for a maximum credit of $200 or $400, respectively.
- Extending the Ontario Jobs Training Tax Credit
- Extending the Ontario Seniors’ Home Safety Tax Credit
“The people and businesses of Haldimand-Norfolk have been working together to tackle the pandemic,” said Haldimand-Norfolk MPP Toby Barrett]. “The 2021 Ontario Economic Outlook and Fiscal Review: Build Ontario is our government’s plan to protect our progress, build Ontario and work for workers, so that Haldimand-Norfolk can emerge stronger than ever.”
“As we continue to protect the hard-won progress against the pandemic, our government is looking forward with our plan to build a better and brighter future for families, workers and businesses in Ontario,” said Finance Minister Peter Bethlenfalvy. “By unlocking critical minerals in the North, harnessing our manufacturing capacity and building critical infrastructure, our plan will drive our economic recovery and prosperity for every region of our province.”
- To help workers get good jobs, Ontario is investing an additional $90.3 million over
three years starting in 2021–22 in the Skilled Trades Strategy. Key new initiatives include creating a skilled trades career fair as well as enhancing the Ontario Youth Apprenticeship Program and the Pre-Apprenticeship Training Program.
- To provide more training opportunities for workers, the government is proposing to extend the Ontario Jobs Training Tax Credit to 2022. The 2022 credit extension would provide an estimated $275 million in support to about 240,000 people, or $1,150, on average.
- To support workers who need training to get a job, the Province is investing an additional
$5 million in 2021–22 to expand the Second Career program.
For more information, contact MPP Toby Barrett at 519-428-0446