Ontario Budget 2016
The Conference Board of Canada,
February 25, 2016
This briefing looks at Ontario’s Budget 2016 and the challenges the government faces as it attempts to balance its books on schedule by 2017–18.
- A stronger economy should help grow revenues and cut the deficit to $4.3 billion in 2016–17.
- The government has been able to keep spending under control as it had budgeted—but the toughest cuts are still to come.
- Budget 2016 did not introduce any major new tax revenue measures for businesses or households.