Government of Ontario News - Finance

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

   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.

2. Minister of Finance to Release Quarterly Fiscal Update

   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.

3. Electronic Press Kit Now Available: Small Businesses Apply for Ontario's Small Business Support Grant in Growing Numbers

   Download an electronic press kit, including video and photo files.

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

   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.

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

   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.

6. Ontario Launches 2021 Budget Consultations

   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.  

7. Applications Now Open for Ontario's Small Business Support Grant

   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.

8. Electronic Press Kit Now Available: Ontario's Action Plan: Protect, Support, Recover

   Download an electronic press kit, including video and photo files.

9. Ontario's Action Plan: Protect, Support, Recover

   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.

10. 2020 Ontario Budget to be Released Tomorrow, November 5, 2020

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