To my colleague the member for Durham, who is doing a terrific job as well in his riding: I believe you can do both. You can build Ontario; you can support the economy; you can build infrastructure—almost $50 billion of infrastructure for hospitals, almost double than when we got in.

We are building the infrastructure not just for today but for tomorrow: subways, highways, public transit, GO rail system, housing, broadband, long-term-care facilities. We have to build. We got almost half a million people into this province last year. Where are they going to live? How are we going to move them around? That’s why we’re taking action. The member highlights very wisely that you can do both. You can build Ontario by being targeted and responsible and transparent, while at the same time being fiscally responsible for this generation, for the next generation and the next generation after that.

Madam Speaker, through you: I thank the member opposite for that question.

I categorically reject the statement by the member opposite that we are being deliberate, hurting our children.

I would ask the member opposite to actually read the budget; in fact, read last year’s budget—the historic and unprecedented investments in our education system, over $2.3-billion increase this year. What does that money go for? Of course, that money goes for more funding per pupil, and that’s a fact, but that money also goes for more mental health and addictions supports for our youth, right in the classroom.

In fact, the Minister of Education just made mandatory in grade 10 mental health lessons—the first time ever by any government. We’re taking action.

I do want to correct the record, Madam Speaker. We also got some butter tarts.

Madam Speaker, it’s a very serious question. Government doesn’t create jobs; we create the environment for risk takers, both small businesses and large businesses, to risk their own capital, hire people, train people, retain people, train workers. That’s why it’s so important to support our businesses—in this case, private corporations in the manufacturing space in Ontario. This will allow them to keep more money so that they can reinvest in their equipment, they can reinvest in their workers. What a concept: that they can invest in their workers so that we can grow the economy, have better jobs and bigger paycheques in this province.

What’s so critical about what the member from Thornhill said is—you think about the $25 billion of auto manufacturing and battery in this province. Well, everyone—or everyone who took an economics class—knows there’s a massive multiplier effect. Economists say for every job created, nine more jobs, so that’s why we need—

I want to make sure that the member opposite has read our budget, because if she has—and I believe she has—she would know that the increase in health care funding over the next three years is over $15 billion. It’s the largest increase in the history of the province. We are providing support for our health care system.

Let’s talk about family physicians. Let’s talk about nurse practitioners. I visited Kitchener very recently and went to a nurse practitioner-led office—great concept, supporting that. Why don’t we talk about the medical schools in Brampton and Scarborough that we’ve launched to have more doctors in this province? We’re taking action. Why don’t we talk about my own community of Durham, where Queen’s University and Lakeridge Health have launched an innovative program for 20 new medical seats, working in partnership, fully dedicated to streaming family physicians?

We are taking action, we’re providing the funds, but we’re not accepting the status quo anymore. The status quo is done. It’s gone. We’re innovating. We’re working creatively—and we’d ask the member opposite to work with us to create the conditions for the health care system, not just for today, but also for tomorrow.

I think often of, at the beginning of the pandemic, when the Premier came to me and said, “Minister, we have a pandemic. We don’t know how long it’s going to be, we don’t know how hard it’s going to be, but we can spare no expense in protecting people’s lives.” Think about if I had said to the Premier, “We don’t have any money. We’re tapped out.”

That’s what the previous government left us with—the highest debt-to-GDP in the history of the province, since 1867. What kind of fiscal management is that? You’re not preparing the finances of the province for whatever risks are out there.

Working together, we’ve been able to lower the debt-to-GDP so that we can give to our children a better fiscal house than we inherited.

I’m pleased to rise and speak to the Building a Strong Ontario Act, 2023, a plan that takes a responsible and targeted approach to supporting people and businesses while outlining a path to balance next year, so that future generations can inherit a strong Ontario. This plan is our blueprint for building a strong province during a time of global challenge and change.

Our work to deliver our plan for building a strong province starts now. It starts with a path to a balanced budget. Thanks to robust revenue growth, our prudent plan and our disciplined planning have led us to a path to balance. I am proud to say that starting next year, we will return Ontario to the black with a modest surplus of $200 million. While uncertainty persists, this puts us in a position of fiscal strength. In fact, Ontario’s net debt-to-GDP is now forecast to be 37.8% in 2023-24, down 3.6 percentage points.

Our budget assumptions are based on an in-depth analysis and inputs from leading private sector economists whom we consulted a great deal with. In our budget modelling, our government never assumes that the extremes will necessarily come to pass. Instead, we take out either the best-case scenario or the worst-case scenario so that we have more of an average. For example, in our economic and fiscal assumptions, we are always prudent. We will always be a little bit more cautious than the average of private sector forecasts.

Recently, I was very pleased to see that Moody’s has changed Ontario’s credit outlook to “positive” from “stable,” something that we have not seen in almost two decades, ladies and gentlemen.

Interjection.

This reflects our government’s commitment to prudent, responsible fiscal management and a strong economy. By taking a disciplined approach, our budget has ample room to react to uncertainties that may lie ahead. To be frank, the world is a much more uncertain place today than it was last year, and, despite the turbulence of the past year, Ontario continues to be resilient. Today, because of the leadership of our government and our targeted and responsible approach, we are in a better position than most. Today there are parts of the world that are showing they have no intention of being reliable or fair trading partners. This means Ontario needs to increase its self-sufficiency and lower its dependence on imports.

Il y a aujourd’hui certaines parties du monde qui ont démontré qu’elles n’avaient pas l’intention d’être des partenaires d’échange fiables ou équitables, madame la Présidente. Le fait est qu’aujourd’hui, l’Ontario doit accroître son autosuffisance et diminuer sa dépendance envers les importations.

This is good news. It’s good news that Ontario is well positioned to pivot its approach to this shifting landscape.

Take the Ring of Fire: The Ring of Fire can help reduce Ontario’s dependency on unstable or unfriendly foreign regimes by tapping the potential of the north and getting these minerals out of the ground. With the support of the First Nations in northern Ontario, we can decouple economically from these adversarial regimes and thrive in doing so. While Ontario is investing $1 billion to unlock these critical minerals in our north, we continue to call on the federal government to match our commitment, because what is good for Ontario is good for Canada.

Our government is determined to get the important things right. Getting the important things right is a core concept in the 2023 budget.

Madame la Présidente, le gouvernement provincial est déterminé à faire ce qui doit être fait et à bien le faire. C’est là un concept fondamental du budget de 2023.

These are serious times, and serious times call for a serious budget, like the plan our government has put forward, which this legislation—of which I am extremely proud.

It is no secret, as I said, that these are uncertain times. Our province is not immune to the impact of global forces, including geopolitical tension provoked by Russian aggression against Ukraine, the reopening of China’s economy, the energy transition, and policies such as the United States’ Inflation Reduction Act. Families and workers are feeling the squeeze of inflation on their wallets. Our 2023 budget takes a responsible and targeted approach to navigating this uncertainty while supporting people and businesses.

Despite the global challenges around us, there are plenty of reasons for optimism. While much has changed in the past year, economic circumstances have confirmed that the government has the right plan. And it is already showing results.

Ontario is seeing an increase in manufacturing and jobs all around the province. Take Oshawa as an example, a city that is benefiting from part of GM’s more than $2-billion investment that will protect thousands of jobs. Or Richmond Hill, where Tesla is manufacturing equipment to help make the batteries of the future. Or Alliston, where Honda is making a $1.4-billion investment to make hybrid vehicles. Or take Oakville—please, take Oakville—where Ford is making a $1.8-billion investment to produce electric vehicles. ArecelorMittal Dofasco in Hamilton is making a $1.8-billion investment in producing green steel, including for the auto sector—green steel, Minister of Energy. What do you think of that? In Cambridge and Woodstock, two very proud auto towns, Toyota has invested $1.4 billion to make vehicles, including hybrids. Or Ingersoll, where General Motors is building Canada’s first-ever full-scale EV manufacturing plant. Or St. Thomas, the future home of Volkswagen’s first-ever overseas battery plant.

Madam Speaker, this province is the heartland of Canada’s electric vehicle manufacturing revolution. In two and a half years, Ontario has attracted some $25 billion in investments from global automakers and electric vehicle batteries and battery material suppliers.

As the Minister of Economic Development says, we weren’t even on the map when we took over government. We’ve gone from zero to second place in the world. When we work together, Ontario and Canada can achieve amazing things.

We’re not stopping there. By supporting this bill, the members of this House would be saying yes to the new Ontario Made Manufacturing Investment Tax Credit, a tax credit that would provide a 10% refundable corporate income tax credit to help local manufacturers expand and grow, creating new jobs and opportunities right here in Ontario.

This, along with all the other steps our government has taken since 2018, would enable an estimated $8 billion in cost savings and support in 2023, making Ontario more competitive for both large and small businesses. As much as $3.6 billion of these savings and supports would be going to small businesses. These measures include the proposal to expand access to the small business corporate income tax rate by increasing the phase-out range. This change would provide Ontario’s small businesses with an additional $265 million in provincial income tax relief from 2022-23 to 2025-26. Think about that: helping small businesses expand, risk their capital, create jobs, and create prosperity in this great land.

Madam Speaker, we need to build the infrastructure to support these growing communities. That is why we are continuing to deliver on our historic $185-billion capital plan, the most ambitious in the history of this great province. As part of our historic 10-year infrastructure plan, we are investing almost $28 billion in highways, like the new Highway 7 from Kitchener all the way to Guelph, and Highway 413, and the much-needed Bradford Bypass. This is very much an investment in more livable and affordable communities that allow safer, more comfortable and more convenient commutes.

We’re also continuing to make large new investments in transit, including increasing GO service to Niagara from Union Station and bringing back the Northlander from Timmins to Toronto. We are making progress on the Ontario Line and the Yonge North subway extension.

We are also investing in new schools, new child care spaces, new hospitals and, of course, new and more long-term care. Our plan is to build both new hospitals and expand existing ones. It is a plan to build safe and comfortable long-term-care homes across the province.

This ambitious infrastructure plan needs workers. Through the Skills Development Fund, we are training workers with the skills they need so they have stable careers in the skilled trades and other in-demand jobs. We are working with private sector unions and other partners to upgrade their training facilities so that workers get the best possible training from the experts on the ground. What a concept: experts on the ground with reliable partners like the trade unions.

Our $224-million investment in the capital stream of the Skills Development Fund will leverage private sector expertise and expand training centres, including, as I said, and very specifically, union training halls, so they can provide more accessible, more flexible training opportunities for all workers in Ontario.

Notre investissement de 224 millions de dollars dans le volet immobilisations du Fonds pour le développement des compétences permettra de mettre à profit l’expertise du secteur privé et d’étendre les centres de formation, y compris les salles de formation syndicales, afin d’offrir aux travailleurs des possibilités de formation plus accessibles et plus souples.

Our government is continuing to support those who need it most, like families whose children are receiving pediatric care.

While we are investing more than $200 million to connect children and youth to care at hospitals in the communities, we are also supporting Ronald McDonald House Charities in Ottawa. When they need it most, Ronald McDonald House Ottawa provides families whose children are receiving care at the Children’s Hospital of Eastern Ontario with a place to call home. With our government’s investment of $3.1 million to expand Ronald McDonald House, they will be able to double their capacity from 55,000 to 115,000 overnight stays per year. I’ll say that again: from 55,000 to 115,000 overnight stays. Think about the impact on families and their children through their most trying time. That’s why we are there to help more families and children. By the way, I was in Ottawa a few weeks ago and went to visit the Ronald McDonald House. You can’t believe the people who volunteer their time, the board, all the funding, at Children’s Hospital of Eastern Ontario. And this $3 million allows them to go forward with the $22-million expansion. We’re so grateful that we could help them so they can help the families and the children.

During a time of economic challenge and change, our government is also supporting those who have fallen on hard times, such as those who are experiencing or are at risk of experiencing homelessness. We have increased funding for our homelessness prevention programs by more than 40%. Our government is now investing an additional $202 million annually in homelessness prevention programs to help those experiencing or at risk of homelessness, and to support community organizations delivering supportive housing. This is part of a bold and transformational change we’re implementing to tackle the housing supply crisis and get more homes built faster across Ontario, including supportive housing for those who need a hand up.

As the Minister of Children, Community and Social Services often says, we’re there for all Ontarians.

This new funding will be provided through the Home-lessness Prevention Program and the Indigenous Supportive Housing Program. It builds on the government’s investment of nearly $4.4 billion over the past three years to grow and enhance community and supportive housing. This includes an investment of $11.5 million each year in the Indigenous Supportive Housing Program to provide Indigenous-led, culturally appropriate long-term housing solutions and support services to Indigenous people experiencing or at risk of homelessness.

We are using the measures in the 2023 budget and in the spring budget bill to make changes and deliver investments and services that bring more peace of mind and more security to families, to workers, to businesses and to individuals.

Nous nous appuyons sur les mesures énoncées dans le budget de 2023 et dans le projet de loi budgétaire du printemps pour effectuer des changements, réaliser des investissements et fournir des services qui offriront une tranquillité d’esprit et une sécurité accrues aux familles, aux travailleurs, aux entreprises et aux particuliers.

I am as confident about the province’s future as I have ever been. While I do see a brighter future ahead for all of us, we know success in life is not automatic nor is it guaranteed. That’s why we will continue to work extremely hard for the people of Ontario and to deliver on our plan.

Madam Speaker, let me conclude by saying that the budget and spring budget bill capture what our government is doing to build a strong province. We are building Ontario’s economy, investing in infrastructure, working for workers, keeping costs down, and providing better government services. For today and tomorrow, we are doing more to support employers, more to support a better deal for workers, and more to support a strong health care system, all the while balancing the budget.

Supporting this bill means supporting better jobs and bigger paycheques for all Ontario workers. It means supporting payments for more low-income seniors. Supporting this bill supports people and businesses today while laying a strong fiscal foundation for future generations.

Madam Speaker, this is the right plan. This plan, led by the right Premier with the right team, is the right plan for all Ontarians.

Colleagues, let’s get it done for all the people of Ontario.

Thank you, Mr. Speaker. Merci beaucoup, monsieur le Président. I would like to note that I will be sharing my time with the member from Bruce–Grey–Owen Sound, who I see right behind me, and the member from Oakville, who I also see right there, in that order.

Today, it gives me great pleasure to speak to the second reading of Building a Strong Ontario Act (Budget Measures), 2023. Last week, I introduced the 2023 budget: Building a Strong Ontario. The budget and this spring budget bill before us today move our plan forward to build a strong province. It is a plan for building a strong economy for today and tomorrow. It is a plan for more roads, more highways, more transit, more broadband, right across the province.

Our plan profiles support for employers. It provides more training opportunities for skilled workers. It’s a plan that sees us moving forward the critical minerals sector in Ontario’s north and connecting the north and its minerals with our globally competitive manufacturing sector in the south. It is a plan to make life more affordable for those that need it the most, with better health care and public services for everyone who calls Ontario home, a plan that makes streets safer and protects you and your family.

C’est un plan qui nous permet de faire progresser le secteur des minéraux critiques dans le nord de l’Ontario; un plan pour relier le Nord et ses minéraux à notre secteur de fabrication de classe mondiale dans le Sud. Il s’agit d’un plan pour rendre la vie plus abordable pour ceux qui en ont le plus besoin, avec de meilleurs soins de santé et services publics pour l’ensemble de la population ontarienne, un plan qui rend les rues plus sûres et qui vous protège, vous et votre famille.

It is a plan to do all of this while at the same time returning Ontario to a balanced budget.

The plan is rooted in strong fundamentals, a long-term vision on real actions, actions not only in the face of the current turbulence we see around us in the global economy, but actions that will help us tomorrow and, from this period of turbulence, to emerge stronger than ever. I know we can and we will do it. I say this confidently because we have the discipline to stay true to a plan that is working, that maintains flexibility to navigate the ongoing economic uncertainty.

The numbers are so important. For government, just as for a family, a business or an individual, the numbers mean everything. I’m pleased to report that in the 2022-23 fiscal year, the deficit is projected to shrink to just $2.2 billion. This is thanks to robust revenue growth, our disciplined and prudent planning, and setting very clear priorities. In 2023-24, we plan to further reduce the deficit to $1.3 billion.

And, Madam Speaker, I have some more good news. I’m pleased to stand here today and say that, starting in 2024-25, we project Ontario returning to the black, with a surplus of approximately $200 million. But it gets better: We have anticipated surpluses into future years.

While uncertainty persists, these numbers demonstrate Ontario is in a position of greater fiscal strength. In fact, as shown in the budget, Ontario’s net debt-to-GDP ratio is now forecast to be 37.8% in 2023-24. This is down 3.6 percentage points from the net debt-to-GDP ratio of 41.4% projected in the 2022 budget. With this progress on the net debt, the people of Ontario can have confidence that tomorrow will be better than today. Measures contained in the spring budget bill support this plan.

Madam Speaker, it is a hallmark of governments that they always face tough choices. The opposition would argue that the only plan to balance a budget is to impose higher taxes, more tolls and fees, or deep cuts to the programs and services people count on. As the Minister of Finance of this government, I say sincerely we reject that way of thinking. In this budget we are showing it is possible to balance a budget while investing more in health care, more in housing, more in highways, more in transit, more in manufacturing, more in the north and more in the skilled trades.

Ontario is facing the day from a position of budgetary strength, but I will be frank: The world today is a more unsettled and uncertain place. Ontario is part of the global economy and it is not immune to the impact of global forces: geopolitical tensions, such as the Russian aggression against Ukraine, China’s economic reopening and the energy transition before us.

L’Ontario fait partie de l’économie mondiale et n’échappe pas à l’impact des forces mondiales : les tensions géopolitiques, telles que l’invasion russe en Ukraine, la réouverture de l’économie chinoise, la transition énergétique and policies that have global trade impacts, such as the United States Inflation Reduction Act.

It is undeniable that more and more global trading partners are pivoting to looking inward. As a result of these realities, supply chains have become disrupted or strained. The wallets of families and businesses have become squeezed by the elevated inflation that defines this post-pandemic environment. People are finding it harder and harder to obtain affordable housing and to pay for groceries and for everyday household goods. In the face of these stresses, our government is doing its part for the people of Ontario. It does this through a responsible, targeted approach that starts with building a more resilient and more competitive economy right here at home.

Take the Ring of Fire, Madam Speaker, one of the most promising mineral deposits in the world—critical minerals that are essential to batteries, electronics, electric vehicles and other clean-tech that are core to the global economy today. The Ring of Fire is our ticket to reducing our dependency on unstable or unfriendly foreign regimes.

Le Cercle de feu est l’un des moyens dont dispose l’Ontario pour réduire sa dépendance à l’égard de régimes étrangers instables ou hostiles.

In particular, we are working hand in hand with the First Nations in northern Ontario to build true partnerships that will ensure Indigenous and non-Indigenous peoples alike can benefit from these untapped riches beneath the surface.

Of course, building the roads to the Ring of Fire is not by itself the solution; we have to get the minerals out of the ground. You’ve got to put your effort into those mines. Our government is once again taking this challenge head on. We are taking a comprehensive approach to accelerate the safe development of the north’s mineral resources. And while we are going ahead with investing $1 billion to unlock the critical minerals in Ontario’s north, we continue to call on the federal government to match our commitment. I’m very hopeful, based on tomorrow’s budget by the finance minister of Canada, because—do you know what, Madam Speaker?—what is good for Ontario is good for Canada.

Et tandis que nous investissons 1 milliard de dollars pour l’exploitation des minéraux critiques du nord de l’Ontario, nous continuons à demander au gouvernement fédéral de nous emboîter le pas, parce que ce qui est bon pour l’Ontario l’est aussi pour le Canada.

One of the pieces of our plan, detailed in this budget, is the proposed new Ontario Made Manufacturing Investment Tax Credit. This credit, if passed, would provide a 10% per refundable corporate income tax credit to help local manufacturers lower their costs, invest in workers, reinvest in their business, innovate and become more competitive, because we’re not an island here in Ontario; we’re part of a global economy.

When combined with other business measures our government has delivered since 2018, we are helping improve competitiveness by enabling an estimated $8 billion in cost savings and support for Ontario businesses in 2023. This includes proposing to expand access to the small business corporate income tax rate, by increasing the phase-out range. This change would provide Ontario’s small businesses with additional Ontario income tax relief of $265 million in 2022-23 to 2025-26.

Our budget also includes measures to train more people in the careers that are in the greatest need of workers. This includes providing $224 million in 2023-24 for a new capital stream of the Skills Development Fund. These investments will leverage private sector expertise and expand training centres, including union training halls, so they can provide more accessible, flexible training opportunities for workers.

Our government took action early to help make life more affordable for those who need it the most. We are helping by putting more money back in their pockets, whether it is at the gas pumps or on electricity bills. We’re also eliminating double fares for most local transit services in the greater Golden Horseshoe when commuters also use GO Transit services like Brampton Transit, like MiWay, like Durham Region Transit—I have a colleague who took that this morning and will benefit from the integrated fares. Our government is expanding this initiative to support more people using public transit who come to Toronto, because many, many people in this province rely on public transit.

We are providing financial support to more low-income seniors. We are proposing changes to expand the Guaranteed Annual Income System program—also known as GAINS—starting in July 2024, to see 100,000 additional seniors be eligible for the program and see the benefit adjusted annually to inflation. Madam Speaker, our government will give a hand up to those that need it the most.

Sadly, many around us do not have a roof over their head or a place to call home. That is why we are investing in supportive housing with an additional $202 million each year in the Homelessness Prevention Program and Indigenous Supportive Housing Program. And thank you for the leadership of the Minister of Municipal Affairs and Housing on that. Madam Speaker, this is to help those experiencing or who are at risk of homelessness, those escaping intimate partner violence, and struggling with mental health and additions.

Our government is also investing more in health care. We are investing every single dollar we receive from the federal government’s recent health care funding down payment, and a whole lot more, into better health care services. While we will receive $4.4 billion in additional funding over the next three years from the federal government under the recent agreement in principle, negotiated by our Premier, our government will also invest $15.3 billion into health care over the same period to improve health care in Ontario.

Madam Speaker, this includes accelerating investments in home care to bring funding in 2023-24 up to $569 million, including nearly $300 million to support contract rates increases to stabilize the home and community care workforces. We are also investing over half a billion dollars, including an additional $425 million, over three years in mental health and addictions supports. This includes a 5% increase in the base funding of community-based mental health and addiction service providers funded by the Minister of Health and the Ministry of Health.

Our government also understands that it is a challenging time for Ontario residents in medical school to find residency spots here at home. That’s why we are adding an additional 154 postgraduate medical training seats to give first priority to Ontario residents trained at home and abroad, beginning in 2024 and going forward. We will also see an additional 100 seats for medical undergraduates and continue to prioritize Ontario students for these spots.

Now, Madam Speaker, Ontarians can know they have a provincial government that is determined to get the important things right. Our plan is responsibly investing more for people and businesses while continuing with prudence and planning assumptions that leave us the flexibility for future surprises.

Madame la Présidente, les Ontariennes et Ontariens peuvent compter sur leur gouvernement provincial pour s’occuper de ce qui compte vraiment. Notre plan consiste à investir plus d’argent de façon responsable au profit des particuliers et des entreprises, tout en continuant à faire preuve de prudence et en adoptant des hypothèses de planification qui nous laissent une certaine marge de manoeuvre pour faire face aux surprises dans l’avenir.

Our government never assumes the extremes, the best-case or worst-case scenarios. For example, we are always prudent and a little more cautious than the average private sector views in our economic and fiscal assumptions. And, Madam Speaker, while much has changed since the last budget, economic circumstances have confirmed our plan was, and is, the right one. In fact, our plan is already showing results. When you look at the top-line economic numbers, they offer evidence of how good things are in our province. Manufacturing investment is up. Jobs are up. The population is up. Over 14 million people now call Ontario home. Over 275,000 more people a year are moving to Ontario—over a million people every four years. Madam Speaker, this is all good news. With this growth, we are seeing stronger communities right across Ontario.

I am as confident about the province’s future as I have ever been. And while I do see a brighter future ahead for all of us, success in life is not automatic or guaranteed. And that’s why we have a plan to build a strong, more resilient and more competitive economy right here at home. Building a Strong Ontario Act (Budget Measures), 2023, is an important piece of legislation that will enable to us put this plan in action.

I urge—let me repeat that—I urge all members to vote for this plan to build Ontario’s economy, to build highways and other infrastructure, to work for workers, to keep costs down and to serve the people of Ontario.

Well, if you’re going to give me another 45 minutes. But I’ll maybe give you a pass.