The government has committed “to dedicate as many resources as necessary to fight forest fires across the province,” signalling additional funding on top of the $100 million it invested in August.Funding for a new French-language university has also been scrapped.The government has promised to reduce red tape across the province that will impact labour reforms.The government didn't provide a definition for what would be considered a new building. As of Friday, rent controls will be removed for tenants moving into new buildings to encourage construction of new apartments.The hours of retail alcohol sales will be extended to between 9 a.m.The government is cutting taxes for 1.1 million low-income workers in Ontario.Photo by Fatima SyedĪmong some of the other highlights announced by Fedeli: Ontario Finance Minister speaks to reporters after filing his first economic statement at Queen's Park on Nov. It will do so by "attracting private capital," according to the review, so that the program is not funded and managed by taxpayer funds. The Ford government also laid out a commitment to work with the Ontario Energy Board to develop regulations for the expansion of natural gas distribution in over 70 communities in Ontario. “What the government did today was a slap in the face to all those communities in the north, to First Nations communities, and it’s the wrong thing to do," said interim Liberal Leader John Fraser, at a news conference. There are no interprovincial oil pipelines currently proposed from the west to the east, but federal Conservatives have been trying to revive TransCanada's Energy East project, which was terminated in 2017 for economic reasons. The update did not make any similar pledge to facilitate electrical energy transmission projects from Ontario's neighbours. The government said it wouldn't block interprovincial pipelines linking Canadian oilpatch producers in Western Canada to the east. This international market generated income for the government that translated into financial incentives for businesses to reduce emissions.įedeli's update also included a promise to relinquish Ontario's jurisdiction over some major energy projects. Out of the $2.7 billion, which is revenue lost from government coffers, the lion's share comes from the $1.5 billion in revenues lost after Ontario cancelled its participation in the cap and trade market. “I think finding $3.2 billion in savings in the few weeks we’ve been here is a pretty good start and I think returning $2.7 billion to the people of Ontario is exactly the relief we promised. “The premier of this province continues to say he wants efficiencies not cuts,” Fedeli told reporters after addressing the legislature.
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