Yesterday, Finance Minister Charles Sousa delivered the Ontario budget. The budget has some people cheering, some people booing, and some people are just left scratching their heads. I know that I am left with a number of questions, and every time I think about it, I have another question.
(Picture courtesy of The Toronto Star)
Here are just a few of the highlights:
- The budget deficit for fiscal year 2015-16 is expected to come in at $5.7 billion, which is down from the last estimate of $7.5 billion
- University and college tuition will be free for students from families with incomes of $50,000 or less. AND students from families with incomes up to $83,000 will receive non-repayable grants that exceed the average tuition.
- There will be a $3 increase in the price of a carton of 200 cigarettes, which went into effective at 12:01 a.m. this morning. Also, the tobacco tax will keep rising at the rate of inflation each year over the next five years.
- The $30 fee for Drive Clean vehicle emissions tests will be eliminated in 2017-18, however the tests themselves won’t be.
For more budget highlights click HERE.