What the member opposite and her party can do is vote for the budget, which has the backs of the people of Ontario. In that budget is cutting the gas tax—continuing the cut in the gas tax. That budget has the integrated One Fare. It has guaranteed annual income supplements for our seniors so that their payments are indexed to inflation.

Do you know what the member opposite could do? Do you know what is really shameful? Watching 300,000 manufacturing jobs—the tail lights—leave Ontario. But do you know what’s really good? The 700,000 headlights of jobs that are coming into Ontario.

This member opposite’s party supported the Liberal government that raised taxes. They invented red tape over there. They drove jobs from Ontario. We’re building Ontario. We’re supporting the workers and we’re protecting the taxpayers.

Interjections.

Thank you, Mr. Speaker, through you to the member opposite, for that question. I know the member opposite follows our budgets very closely. That’s why, back in 2022, this government acted early to combat the affordability crisis by cutting the gas tax. With that measure, along with others—10 cents a litre, Mr. Speaker.

And guess what? Cutting the gas tax doesn’t just help all those people who can’t take subways or public transit, who have to take their kids to school or drive to work or get to the hockey rink; it helps the people who grow the food. It helps the people who grow: the great farmers in this great province.

Mr. Speaker, you also have to distribute the food to get to the distribution centres. That costs money, gas money, and we’ve reduced that. In fact, what you should do is go call one—I’ll stop there—but one Jagmeet Singh up in Ottawa and get them to lobby the federal government to cut the carbon tax.

This is a government that believes in cutting fees. Do you remember those licence plate stickers? Well, they’re done. They’re gone. Right, Premier? They’re done, they’re gone, putting 120 bucks for those who have to drive.

But it doesn’t stop there. One Fare from this minister, one integrated fare for the daily rider—that’s saving up to $1,600 a year. That’s real money so they can buy groceries, pay the rent, pay the mortgage and, yes, pay for gas, which is now over 10 cents a litre cheaper because this government took action and took action early.

We’re going to be voting on the budget very soon. I would like to implore this member opposite and the whole team to support our—

Interjection.

Again, Mr. Speaker, I’m sure the member opposite has read and will consider voting for the budget, Building a Better Ontario. And had she actually read the budget—she seems to be referring to the additional 100,000 low-income seniors who will now qualify for the Guaranteed Annual Income System.

While we’re at it, Mr. Speaker, let’s think a little bit about the area she represents, Scarborough: I hope she’s going to support building the subway to Scarborough for the first time in 50 years or the extension for the Sheppard East line, or perhaps health care and the hospital that we’re building in Scarborough.

I feel like Columbo today, because I almost forgot one thing: the medical school right in Scarborough, the first one in a hundred years.

While they talked about things for 15 years, we are getting things done right now.

Through you, Mr. Speaker, I’d like to thank the member opposite for that question. I’m sure, as we go to vote for the budget, the member opposite will dutifully consider supporting what’s in the budget, which includes the Guaranteed Annual Income System, which is indexed to inflation for the first time ever for low-income seniors.

And I’m sure the learned member opposite will also take a look at how we cut the gas tax for many people who have to move around this province, Mr. Speaker, and my colleague over here, with One Fare, for those taking transit, saving daily riders $1,600 a year. This is real money for the people of Ontario, and I’ll have more to say in the supplementary.

Speaker, I move, seconded by the Premier, that this House approves in general the budgetary policy of the government.

If I may, Mr. Speaker, I would like to begin by dedicating the 2024 budget to the story of a 19-year-old who left his home in war-torn Europe in 1949 and found his way to Canada.

With nothing but the shirt on his back, he dreamt of a new life and an opportunity to go to university, to get a job, to raise a family, and feel safe and free in his new country.

Well, Mr. Speaker, that young man was able to work hard and through being industrious, get into engineering at the University of Toronto, marry a beautiful woman, get a job in Montreal, and raise three wonderful children.

That 19-year-old is about to have his 94th birthday.

And while he never saw his parents again, as the Iron Curtain prohibited him from going back to his homeland, he lived the Ontario dream, he lived the Canadian dream.

Mr. Speaker, that young man who came to Canada is my father. And I dedicate this budget to him, and the hope and dream for all 16 million Ontarians, that they can have the same opportunity as my father had.

An opportunity to build a future right here in the great province of Ontario.

On behalf of Premier Ford and our entire government, I am pleased to introduce the 2024 Ontario budget, our plan to build a better Ontario.

Au nom du premier ministre Ford et de l’ensemble de notre gouvernement, je suis heureux de vous présenter le budget de l’Ontario de 2024—notre plan pour bâtir un Ontario meilleur.

Now, Mr. Speaker, as I am sure you are aware, the budget is a forward-looking document.

It’s a road map.

A blueprint.

It’s our plan to rebuild Ontario’s economy.

This budget provides certainty to markets and, more importantly, confidence to people that the government is prepared for whatever lies ahead—regardless of the challenges that the national or global economy might throw our way.

But before I turn my attention to the road ahead, Mr. Speaker, I would like to quickly take us down the road just travelled.

Much of this will not be news to the people of Ontario. It has been a challenging year.

Life has rarely been this expensive.

The Bank of Canada has for months now repeatedly raised interest rates at a big pace.

The pace and frequency of the Bank of Canada rate hikes has been punishing—perhaps most of all on homeowners whose mortgages have in some cases increased thousands of dollars a month.

Making matters worse, the federal government’s carbon tax is making everything more expensive. From groceries to gas, the hard-working people of Ontario can’t escape paying the high cost of the federal carbon tax.

I almost can’t believe I’m about to say this ... the federal government is set to increase its carbon tax.

It’s astonishing. The people of Ontario ... the people of Canada ... cannot afford it. But more on that later, Mr. Speaker.

Our public finances are also not immune to economic uncertainty.

Even so, Mr. Speaker, and it might be an odd thing for a finance minister to say ... but let me say it plainly ... the pressure of managing a government budget pales in comparison to the pressures many families are facing as they manage their family budget in a time when everything is costing more ... or the challenges of a small business owner managing their budget in order to keep the lights on and keeping local workers employed.

These are the real challenges and real problems of real life and real people ... of making rent ... of paying the bills ... of affording groceries.

And the best way to help people is by getting the big decisions right. Making smart investments. Watching the expense line. And most of all, keeping costs on people low.

That’s why our plan to build a better Ontario helps them.

Global economies have slowed, the cost of everything is higher, and so we have two choices.

Put the brakes on, or keep going.

Mr. Speaker, we choose to keep going—to rebuild Ontario’s economy because it is the right thing to do.

Mr. Speaker, we choose to keep going—to rebuild Ontario’s economy, and I think about the leaders who have come before.

It was less than a month ago that our country lost one such statesman in the Right Honourable Brian Mulroney.

Mr. Speaker, there is little left that can be said about Prime Minister Mulroney’s legacy that has not already been said more eloquently by others, including of course by his own daughter, Caroline Mulroney, the President of the Treasury Board, whom I am fortunate to work with every single day.

For the rest of us, I will say this, Mr. Speaker, Prime Minister Mulroney was a consequential leader who never backed down from the big challenges of his time. He was a leader who never shied away from using his time in power to try to accomplish big things for his fellow Canadians.

What a great example for the rest of us. To use our finite time in office to have the courage to implement the big ideas. And try to accomplish big things for our fellow Ontarians. And, in this budget, this is exactly what we intend to do.

And this is important, Mr. Speaker, for the global and national challenges facing our public finances are real.

Just as families and businesses are not immune to economic uncertainty, neither is any government.

Despite these challenges, we are delivering on our plan to build by investing to attract better jobs, build roads, highways and public transit, while keeping costs down for families and businesses.

As you know, we consult widely with leading public and private sector economists in establishing our projections for future economic growth and inflation.

These projections now show that while economic growth is expected to significantly slow in the coming year, private sector forecasters are cautiously optimistic that it will not drop into negative territory before rebounding in subsequent years.

Likewise, we project inflation, as measured by the consumer price index, to remain under 3% this year before settling around 2% in the following two years. As inflation returns to the Bank of Canada target, we expect and continue to urge that interest rates should also decline.

In fact, the people of Ontario are counting on it.

The encouraging data is there, Mr. Speaker. There is a light at the end of the tunnel. We can see it. But, that said, we are not out of the tunnel quite yet.

The question is therefore straightforward ... what are we to do today with the hand we’ve been dealt?

And there are options. There are choices.

One choice would be to put the burden on taxpayers. To raise taxes, tolls, tuition or fees.

Well, we are not going to do that, rest assured.

A second choice would be to tighten our belts. To cut investment in housing, roads, or better public services. In short—to retreat—and do less.

We are not doing that either.

A third choice, Mr. Speaker, might be to throw our hands up, retreat, and expect municipalities to fill in the gaps.

We are not doing that.

Instead, here’s our choice: We are going to follow through on a plan that is working—knowing that the higher deficits, compared to what we projected last year, will be time-limited while the return on investment will be felt for decades and for generations to come.

And we will continue on a path to a balanced budget.

We told the people that we were going to invest more in roads and highways.

And does this budget invest more in roads and highways, I ask you?

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 to the member opposite.

Merci beaucoup pour cette question très importante pour nous dans cette Chambre ici. Comme le leader a dit, nous avons un plan pour le peuple de l’Ontario, sans doute—un plan pour bâtir l’Ontario. En ce qui concerne la « sunshine list » et tout ça, c’est très important que nous, ensemble, travaillions pour bâtir un Ontario propre, un Ontario fort.

Et comme le leader de cette Chambre a dit : We’ve balanced the budget three years earlier, not just for some Ontarians, but for all Ontarians, so that we can build Ontario today and deliver a better Ontario to future generations.

Thank you to the member opposite for that question.

I don’t know—you look at the budget. Look at the numbers. I’m a numbers guy. The increase in the budget to $204.7 billion includes a $6-billion increase to health care spending next year. That’s an 8.1% increase. That’s an increase. I don’t know.

Secondly, education, which includes child care funding, it includes funding for catch-up, it includes funding for mental health, it includes funding for literacy and a whole range of things—more funding per pupil, as the Minister of Education highlighted. It’s going up $2.3 billion; that’s 7.1%. I’m looking at numbers.

Maybe their world looks at numbers very differently, but I’m looking at the facts.

In fact, you mentioned homelessness. Thank you for raising that very important point.

What did we do last week? We increased funding for homelessness by $202 million—a record increase for people who need a hand up.

We’re not going to let down the people coming to this province, nor are we going to let down the people in this province.

Thank you for the question. I, too, want to congratulate the member from Hamilton Centre and welcome her to the House.

Mr. Speaker, my great parliamentary assistants from Oakville and Bruce–Grey–Owen Sound criss-crossed the province to listen to people—me, too. We went around the province and we heard from the people of Ontario. And do you know what they said? They said, “Yes, times are tough. The price of everything is going up. Thank you for acting in the budget of 2022.” And, by the way, Mr. Speaker, what did the opposition do on that budget? They voted no.

Well, then, we went to the fall economic statement, where we continued the gas-tax cut and increasing the minimum wage; lower taxes for the lowest-income workers of this province; ODSP, GAINS—I could go on. Which way did the opposition vote? Yes or no?

As we listened right across Ontario, do you know what they asked for? They asked for health care. Well, this budget gets $4 billion from the federal government over the next three years—which is true; we’ll give you that. Do you know how much we’re investing in the people of Ontario in health care? It’s $15 billion over the next three years—this government. And do you know what that $15 billion does? It goes to pay nurses; it goes to pay personal support workers, physicians, therapists—you name it. We are supporting our health care workers. In fact, we put in an additional $80 million over three years to expand our nursing education for 1,000 registered nurses, 500 registered practical nurses and 150 nurse practitioners.

Please join us and vote for the budget and support our health care workers.

Mr. Speaker, these are uncertain times; there’s no question. We are working hard to build a more certain future for future generations by focusing on the economy, the infrastructure and our workers in this province.

Last week, I talked about a road trip that we took around the province. We made multiple stops around the province, and one of the stops that we should have made was in Brampton. Do you know what is happening in Brampton, Mr. Speaker? We are supporting auto manufacturing in Brampton, which had left, which was leaving the province—300,000 manufacturing jobs leaving the province over the last decade and a half. Guess what, Mr. Speaker? They’re coming back. They’re coming back to Brampton, to Oshawa, to Oakville, to Windsor—right across this province.

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.

I’m happy to address the question from the Leader of the Opposition. When I think about why I got into government: For 15 years, we saw a record amount of spending, supported for three years by the NDP, I submit—from 2011 to 2014—as I have mentioned many times, in the history of Confederation up to 2003, $130 billion of debt; the next 15 years, almost $200 billion in debt.

Did those spending dollars go into health care? Did they go into building highways so people could move goods and people to market? Did the spending go into building more subways to connect the hundreds of thousands of people that move to Ontario every single year? Where are those people going to live? Where are they going to live? They have to live in housing. That’s what this government is accelerating to make sure we get it done.

That being said, let me also think about almost a year ago, when we tabled our budget for the people of Ontario and we took that budget to the people of Ontario. It included gas tax relief, because the cost of gas and the cost of everything was going up. It included a doubling of the low-income individuals and families tax credit so that the lowest-income workers in this province got a break. It helped seniors with the seniors’ home affordability tax credit.

But did we stop there? No. In the fall economic statement, what did we do? We increased ODSP funding by 5%. We indexed it to inflation for the first time ever. And we didn’t stop there. We increased the earnings exemption. We provided the GAINS, the doubling of support for seniors and the guaranteed annual income. Also, we continued the gas tax relief for another year.

Thank you to the member opposite for that important question.

Mr. Speaker, we could have saved the Auditor General some time and money. Maybe we should have done a value-for-money on this finding—because, of course, as the member opposite knows, we take the cost of auto insurance very seriously. As the member opposite knows, through the pandemic, we saw rate relief of $1.3 billion for drivers in this province.

The member opposite—because I know he’s a very learned fellow—has read page 102 of the budget that was tabled in April, which, as the member for Brampton South just highlighted, his party didn’t vote for.

Mr. Speaker, I’ll highlight what’s on page 102 in the supplemental question.

Mr. Speaker through to you to the member opposite: I’m sure the member opposite has read the budget, which included a $3.6-billion increase for education funding this fiscal year—$3.6 billion. We tabled that budget in April 2022, took it to the electorate, and that budget was roundly endorsed by the people of Ontario. When we recalled the Legislature back in August to pass that budget, did the member opposite vote for that $3.6-billion increase? No.

Do you know what’s in that increase? That’s funding a large funding envelope for child care so we can—more child care funding to build more schools. The previous government closed 600 schools. You don’t need child care spaces when you close schools. We’re putting them in new schools, in existing schools—mental health supports, tutorial supports, HEPA filters. We’re investing in our children.

And, Mr. Speaker, let’s look at the election. In the pre-election budget review—

Interjection.

Interjection.

Interjection.

Mr. Speaker, I had the pleasure and opportunity to table the fall economic statement here yesterday, and our opposition said, “Where’s all the new money for health care?” If they were here in August when I tabled the budget, which was voted on yes by this side and no on that side, they would recognize that there was $5.6 billion of new investments for health care.

It was this government that recognizes that we’re investing in the surgical backlog, we’re investing in home care, we’re investing in community care—in acute care, more beds. We have a plan to stay open. We came back in the Legislature in August to get the job done for the people of Ontario, and we will not rest until the investments that were neglected by the previous government—

Interjections.

I’m proud to rise on behalf of our entire government to speak about our Plan to Build Act.

Je suis fier de me lever au nom de tout notre gouvernement pour parler de la Loi de 2022 pour favoriser le développement.

This legislation supports our 2022 budget, which is entitled Ontario’s Plan to Build. Mr. Speaker, as you know, our government’s budget was first released earlier this year, in April. It is a budget to make life more affordable for families by keeping costs down, and a budget that helps Ontario’s talented workers get the skills and support they need to succeed. It will get shovels into the ground to build highways, to build roads and to build public transit. It invests in hospitals, long-term care and home care so that people across the province can get access to the quality health care system they deserve. In short, this is a plan for a stronger Ontario.

To begin, I will go over some key areas of our budget as well as provide highlights for the next steps in our Plan to Build Act.

The first pillar of our plan is rebuilding Ontario’s economy. Our government has a plan to rebuild Ontario’s economy so that it gets stronger each day, building prosperity everywhere, for everyone. Part of our plan to build includes taking advantage of the province’s critical minerals opportunity.

Canada is the only country in the western hemisphere that possesses all the critical minerals needed for an electric vehicle battery. The Ring of Fire has the potential to fuel a provincial supply chain for battery technology, electronics and electric and hybrid vehicles. This brings multi-generational prosperity to northern and First Nations communities. That’s why the government’s plan includes close to $1 billion for vital legacy infrastructure, such as all-season roads to the Ring of Fire, accessing potential mining sites, building the corridor to prosperity. Critical minerals will be transported via these roads to manufacturing hubs in the south and help deliver prosperity to Ontario’s north. Likewise, it will help improve access for First Nations communities to health care, goods and services, education, housing and economic opportunities.

The plan is supported by a Critical Minerals Strategy and $2 million in 2022-23 and $3 million in 2023-24 to create a Critical Minerals Innovation Fund.

Ce plan s’appuie sur la Stratégie relative aux minéraux critiques et sur deux millions de dollars en 2022-2023 et trois millions de dollars en 2023-2024, constituant le Fonds pour l’innovation relative aux minéraux critiques.

During the past two years, Ontario has secured a string of historic investments of nearly $16 billion that will make the province a leader in automotive manufacturing. But I will leave it to the Minister of Economic Development, Job Creation and Trade to speak to how our government is transforming this province into the economic engine of Canada once again, as it was at the beginning of Confederation.

As part of our plan to bring prosperity everywhere, we are proposing to extend the temporary enhancement to the Regional Opportunities Investment Tax Credit. It helps lower costs for businesses that expand and grow in areas of the province where employment growth in the past has lagged the provincial average. To provide additional support to businesses during the COVID-19 pandemic, we temporarily doubled the tax credit in the 2021 budget from 10% to 20%, until the end of 2022. Our government is proposing to extend the temporary enhancement to the Regional Opportunities Investment Tax Credit to the end of 2023. This financial support will stimulate real growth and create jobs in regions that need it the most.

Madam Speaker, the shortage of housing supply impacts all Ontarians, regardless of background or budget. The Ontario government introduced legislation that would give the mayors of Toronto and Ottawa more responsibility to deliver on shared provincial-municipal priorities, including building 1.5 million new homes over the next 10 years.

Le gouvernement de l’Ontario a déposé un projet de loi qui donnerait aux maires de Toronto et d’Ottawa une plus grande responsabilité pour mettre en oeuvre les priorités provinciales-municipales, dont la construction de 1,5 million de nouveaux logements au cours des 10 prochaines années.

If passed, the Strong Mayors, Building Homes Act would give the mayor of Toronto and the mayor of Ottawa the ability to move priority projects forward and get more homes built faster. This legislation is an important tool to increase the housing supply, and is one of a number of initiatives being taken by the Ontario government to address the housing shortage.

Additionally, to help communities across Ontario build more attainable homes, Ontario is also launching the housing supply action plan implementation team. This will provide advice on market housing initiatives, including building on the vision from the Housing Affordability Task Force, More Homes for Everyone and other governmental conversations.

Our plan also includes keeping costs down for Ontario families. Our government has recently released the 2022-23 first-quarter finances, which provide updated information on the movement of Ontario’s economic and fiscal outlook since the 2022 budget. The numbers reflect that people and businesses are experiencing the effects of inflation in a very real way in their daily lives. While this global economic trend is happening, we’re taking action to help every Ontarian with the cost of living. We are doing our part to help keep a few extra dollars in people’s pockets and to help keep costs down.

The Plan to Build Act proposes amendments that would provide relief to families and workers by helping with the cost of everyday essentials. Beginning with the 2022 tax year, our government is proposing an enhancement to the low-income individuals and families tax credit, also known as the LIFT credit. The proposed enhancement would mean roughly 700,000 more people would benefit from this tax credit for the 2022 tax year.

À compter de l’année d’imposition 2022, notre gouvernement propose une amélioration au crédit d’impôt pour les personnes et les familles à faible revenu. Cette amélioration signifierait qu’environ 700 000 personnes de plus profiteraient de ce crédit d’impôt pour l’année d’imposition 2022.

It will increase and expand this tax benefit, providing $320 million in additional tax relief to even more of Ontario’s workers. And with the general minimum wage rising to $15.50 per hour as of October 1, 2022—by my calendar, that’s a little over 30 days from today, this will help ensure eligible minimum wage workers continue to receive additional relief.

Let me take a few minutes to explain how the LIFT credit works. Introduced in 2018, this non-refundable tax credit has provided up to $850 in Ontario personal income tax relief each year to lower-income workers. Under the current LIFT credit, the benefit is phased out at a rate of 10% for individual income above $30,000 and family income above $60,000. So, combined with other tax relief, the introduction of the LIFT credit means that about 90%—90%—of all Ontario taxpayers with taxable incomes below $30,000 will pay no Ontario personal income tax. And under our proposed enhancement, the maximum benefit will also increase from $850 to $875, helping to keep more money in the pockets of many eligible beneficiaries.

Our plan for keeping costs down also includes cutting fees. Our government is helping people who are feeling the pinch at the gas pumps, as the cost of gas has never been higher—although it’s lowering, it’s still very high. As of July 1, we cut the gas tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre for six months.

Notre gouvernement aide les gens qui subissent les effets de la hausse des prix de l’essence. Le 1^er juillet, nous avons diminué la taxe sur l’essence de 5,7 cents le litre et la taxe sur le mazout de 5,3 cents le litre pour six mois.

In addition to these cuts, we are making it less expensive to drive, because we know that driving is necessary for many families. By eliminating and refunding licence plate renewal fees for passenger vehicles, light duty trucks, motorcycles and mopeds, drivers in southern Ontario will be saving $120 per year, per vehicle, and about $60 per vehicle in northern Ontario. Further, Madam Speaker, we have also removed the tolls on Highways 412 and 418, bringing relief particularly to people in the Durham region, and a benefit to every single person who uses these highways.

The next pillar that I would like to speak about is working for workers. Our economy needs skilled workers, and our workers need our support. That is why our government is working for workers and reducing the harmful stigma around trades, especially for women and young people. Building on the success of the Skills Development Fund announced in the 2020 budget, Ontario is providing an additional $15.8 million in the 2022-23 fiscal year to support the development and expansion of brick-and-mortar training facilities, which could include union training halls, to help more workers get the skills they need to find good, well-paying jobs and to ensure employers can find the talent they need to build and grow their businesses.

The next part of our plan I will cover is building highways and our infrastructure. Ontario is growing, and as Ontario grows, we will need roads, highways, transit and other infrastructure. That’s why we have a plan to keep moving Ontario. At the heart of our plan is a capital investment of $158 billion over the next 10 years, with planned investments of over $20 billion in 2022 and 2023. Our plan fights gridlock, with improvements to trains, to subways and highways. We’re investing an historic $86.6 billion—let me repeat that: We are investing an historic $86.6 billion over 10 years to build and expand roads, highways and transit infrastructure right across the province, including Highway 413 and the Bradford Bypass. Highway 413 will save drivers up to 30 minutes each way during rush hour on their commute, while supporting thousands of jobs each year.

Nous faisons un investissement historique de 86,6 milliards de dollars sur 10 ans dans des projets d’expansion et de réhabilitation de routes à l’échelle de la province, dont l’autoroute 413 et le contournement de Bradford. L’autoroute 413 permettra aux conducteurs d’économiser jusqu’à 30 minutes à l’heure de pointe, dans les deux sens, tout en soutenant des milliers d’emplois chaque année. D’accord?

And construction of Highway 413 is expected to support up to 3,500 jobs each year and generate up to $350 million in annual real GDP—I thought the associate minister would like that.

The Bradford Bypass is a new four-lane freeway connecting Highway 400 in Simcoe county and Highway 404 in York region. The Bradford Bypass will relieve pressure off of Highway 400 and existing local roads.

Interjection.

Mr. Speaker, the member is right, and this government knows the impact of rising prices is being felt all over Ontario, especially amongst the most vulnerable. That’s why we are putting money back into the pockets of those who need it most.

We are increasing—as was just discussed—the monthly amount of the Ontario Disability Support Program and adjusting future increases to rates based on inflation.

We’re increasing the minimum wage, giving over 760,000 Ontario workers an increase.

And in our 2022 budget, Ontario’s Plan to Build, we expanded the low-income family and individual tax rebate credit, which will impact people making up to $50,000. That means, for about 1.1 million people, an extra $300 in their pockets through a tax break every year.

This government is going to keep costs down for workers, families and seniors, for the people of Ontario, and they can rest assured that this Premier and this government will have their backs.

Thank you very much, Mr. Speaker. I would like to note that I will be sharing my time with the member from Bruce–Grey–Owen Sound and the member from Oakville, in that order.

It is my honour to rise on behalf of our entire government and speak to our Plan to Build Act. This legislation underpins our Ontario 2022 budget, which is titled Ontario’s Plan to Build. Our government’s budget was first released in April of this year, and I’m thrilled for the opportunity to speak to how we are getting to work for Ontario workers and for Ontario families.

It’s a budget for rebuilding Ontario’s economy; a budget for keeping costs down for Ontario families and putting more money back into the pockets of their families; a budget that is working for Ontario workers; a budget for building highways, for building transit and building key infrastructure across our province; and a budget with a plan to keep Ontario open, today and in the future.

Ce budget vise à reconstruire l’économie de l’Ontario. C’est un budget qui contribuera à garder les coûts bas pour les familles de l’Ontario et à mettre de l’argent dans la poche des contribuables; un budget qui oeuvre pour les travailleurs; un budget qui permettra de construire des autoroutes, des réseaux de transport en commun et des infrastructures essentielles, à l’échelle de notre province; et un budget qui permettra de garder l’Ontario ouvert, aujourd’hui et pour l’avenir.

I will provide an overview of the focus areas of our budget and will touch on some of the highlights of the Plan to Build Act, which supports this plan.

The first pillar of our plan is rebuilding Ontario’s economy. Ontario’s manufacturing sector is key to the economic success of our province. However, by 2018, the province’s manufacturing employment had decreased by about a third since its peak in 2004.

Our government has a plan to make Ontario the workshop of Canada once again, and that plan applies to the whole province. It applies to building prosperity for everyone, in every corner of the province. Our plan to rebuild Ontario’s economy will build prosperity in the north. It will include seizing Ontario’s critical minerals opportunities and those opportunities therein.

It is time to do more to tap into the enormous resource potential across this province, starting with the Ring of Fire. Canada is the only country in the western hemisphere with all of the raw materials required for a lithium-ion battery. With northern Ontario already being a key global producer and processor of minerals, such as nickel, copper and cobalt, and home to various promising, advanced-stage lithium and graphite mining and mineral processing projects, the Ring of Fire has the potential to bring multi-generational prosperity to northern and First Nation communities while supporting a homegrown supply chain for battery technology, electronics and electric and hybrid vehicles.

In an era of geopolitical instability, seizing our critical mineral opportunity and developing the Ring of Fire is a strategic necessity for Canada. Critical minerals will protect and be part of a clean, environmentally friendly future for Ontarians and for Canadians. It will be part of a future of clean steel, with batteries, hybrid and electric vehicles as the next generation of automobiles built in Ontario by Ontario workers and sold right across North America.The government’s plan includes close to $1 billion for critical legacy infrastructure, such as all-season roads to the Ring of Fire, building the corridor to prosperity. These roads will help bring critical minerals to the manufacturing hubs in the south, which will bring prosperity to Ontario’s north and help improve access to health care, goods and services, education, housing and economic opportunities for First Nation communities.

The plan is supported by a Critical Minerals Strategy, with $2 million in 2022-23 and $3 million in 2023-24 to create a Critical Minerals Innovation Fund.

Mr. Speaker, the plan is also helping to create good manufacturing jobs right here in Ontario, as Ontario becomes a North American leader in building the vehicles of the future.

Over the last two years, Ontario has attracted almost $16 billion—yes, that’s correct—in transformative automotive investments by global automakers and suppliers of electric vehicle batteries and battery materials. This includes more than $12.5 billion in electric vehicle and electric vehicle battery-related manufacturing investments.

Our government has partnered with the federal government, municipal governments and forward-thinking partners in key sectors and the auto supply chain, including Honda Canada’s nearly $1.4-billion investment to upgrade and retool its Alliston plants so workers there can build the next generation of hybrid vehicle models—right here in Ontario, made by Ontario workers, and sold right across North America. That is great news for the 4,200 people who work for Honda Canada’s operation in Ontario.

There is also a more than $2-billion investment by General Motors to pave the way for GM’s first-ever vehicle production line in Ontario at Ingersoll, while supporting continued vehicle production in Oshawa and Durham region—an investment, by the way, that will support 2,600 jobs in Oshawa.

We’ve also seen the largest greenfield investment in over a decade. That’s an over $5-billion investment by LG Energy Solution and Stellantis to build Ontario’s first-ever large-scale electric vehicle battery manufacturing plant—an investment that will create 2,500 new jobs in the Windsor area.

And, Mr. Speaker, there’s more. Umicore plans to make an $1.5-billion investment to build a first-of-its-kind industrial-scale cathode and precursor materials manufacturing plant in eastern Ontario. At full production, the plant will produce annual cathode material volumes sufficient to manufacture batteries for one million battery-electric vehicles—almost 20% of all North American EV production at the end of the decade here in Ontario. So it’s the north, it’s the southeast, it’s the east, it’s the GTA—manufacturing is coming back to Ontario.

Ontario is also supporting investments to help make the province a world-leading producer of clean, low-emission steel to help build automobiles in the province.

But this is not all. Through the Plan to Build Act, we are also proposing an enhancement to the Regional Opportunities Investment Tax Credit. This tax credit was introduced in March 2020 to help lower costs for businesses seeking to expand in areas of the province where employment growth had been slower than the provincial average. The tax credit supports corporations that build, renovate or purchase eligible commercial or industrial buildings in qualifying areas of Ontario. It provides an incentive to bring jobs and growth to these communities. In the 2021 budget, we temporarily doubled the tax credit rate from 10% to 20% until the end of 2022 to provide additional support to businesses in light of the COVID-19 pandemic. This enhancement increased the available tax credit support for regional investment from a maximum of $45,000 to a maximum of $90,000 in a year. Through the legislation we are discussing today, our government is proposing to extend the temporary enhancement to the Regional Opportunities Investment Tax Credit to the end of 2023. This would give businesses more time to make use of the enhanced support, more time to invest in Ontario’s opportunities, more time to encourage a robust economic recovery.

En vertu de la loi dont nous parlons aujourd’hui, notre gouvernement propose donc de prolonger la bonification temporaire du crédit d’impôt à l’investissement régional jusqu’à la fin de 2023. Les entreprises auraient ainsi plus de temps pour se prévaloir du soutien bonifié, plus de temps pour investir dans les collectivités de l’Ontario et plus de temps pour favoriser une reprise économique robuste.

By extending the time-limited enhancement to the Regional Opportunities Investment Tax Credit until the end of 2023, Ontario would be investing an additional $40 million, resulting in an estimated tax credit support of over $280 million from 2020-21 to 2024-25. This is real support to encourage growth in regions that need it the most.

In addition to this measure, another way the Plan to Build Act is supporting stronger local economies is by working to bring jobs to provincial agencies in communities across Ontario. Centralizing government organizations in one place misses the opportunity that these jobs can bring to different communities. It’s simply not fair that only select communities should have access to these well-paying jobs.

That is why we are exploring the relocation of the headquarters of the WSIB to London, Ontario. The Plan to Build Act, which we are discussing today, would give the WSIB the flexibility to determine where its head office is located, and this legislation would remove a legacy provision that requires the WSIB’s head office to be in the city of Toronto.

The government will also explore the location for new agencies, including Supply Ontario, Invest Ontario and Intellectual Property Ontario, to help ensure opportunities so all the people and all the communities of Ontario can benefit. Through this initiative, the provincial government can reduce costly third-party leases, make better use of its buildings and unlock the economic potential of smaller communities to help grow regional opportunities.

To bring jobs and prosperity to every region of Ontario, every person must have access to good-quality, high-speed Internet access. It’s an absolute necessity for doing businesses. So our plan includes nearly $4 billion to support high-speed Internet access to every community in Ontario by the end of 2025.

Of course, this plan builds on many of the actions our government has taken to date. For example, we introduced an accelerated capital cost allowance to help businesses invest in new investment and equipment. We reduced industrial electricity costs, on average, by between 15 and 17%. And we cut hundreds of millions of dollars in red tape.

So, Mr. Speaker, as you can see, Ontario’s Plan to Build includes concrete actions and investments to help create jobs and build prosperity everywhere for everyone in Ontario.

I will now discuss the next pillar of our plan, which is keeping costs down for Ontario families. The same day that our government re-tabled the Plan to Build Act, we also released the 2022-23 first quarter finances, which provides updated information about the evolution of Ontario’s economic and fiscal outlook since the 2022 budget, and as of June 30, 2022.

The numbers reflect a reality that people and businesses are feeling in their day-to-day lives, and that is, the effects of inflation are being felt in a real way, whether at the grocery store, at the pumps, or when purchasing goods or services to keep one’s businesses running. While this economic trend is global in nature, our government is stepping up to do our part to help Ontario families with the cost of living. We’re bringing forward actions to help people across Ontario keep a few extra dollars in their pockets right now so they can continue to pay the rent, to pay the bills, to pay for gas, and to pay for groceries, regardless of the curveballs the global economy throws our way.

Mr. Speaker, the Plan to Build Act proposes amendments that would provide relief to families and to workers, especially minimum wage workers and low-income families who are especially feeling the impacts of rising costs for groceries and other essentials.

Beginning with the 2022 tax year, our government is proposing to enhance the low-income individuals and families tax credit, also known as the LIFT credit, to increase and expand this benefit to provide $320 million in additional tax relief to most workers. The proposed enhancement to the LIFT credit would mean about 700,000 more people in Ontario would benefit from this tax credit in this tax year. Also, with the general minimum wage rising to $15.50 per hour, as of October 1, 2022, this would help ensure eligible minimum wage workers continue to receive additional tax relief.

So how does this tax credit work? The LIFT credit is a non-refundable tax credit that, since it was first introduced in 2018, has provided up to $850 in Ontario personal income tax relief each year to lower-income workers. Under the current LIFT credit, the benefit is phased out at a rate of 10% for individual income above $30,000 and family income above $60,000. Combined with other tax relief, the introduction of the LIFT credit means that about 90% of all Ontario tax filers with taxable income below $30,000 pay no personal income tax. Let me repeat that: 90% of all Ontario tax filers with taxable income below $30,000 pay no personal income tax. Mr. Speaker, our Plan to Build Act proposes amendments to enhance this credit so it can provide even greater benefits to the people of Ontario. So under our proposed enhancement, the maximum benefit would increase from $850 to $875, helping to put more money in people’s pockets. On top of that, we’re also proposing to raise the income thresholds and lower the phase-out rate from 10% to 5%, increasing and expanding the income ranges over which the benefit is reduced. So what does this mean for the people of Ontario? It means that, with the proposed enhancement, 1.1 million lower-income workers would see an additional $300, on average, in tax relief this year, in 2022, bringing the total number of beneficiaries in Ontario to 1.7 million taxpayers. That’s real relief. That’s relief to make life more affordable for people in Ontario.

Mr. Speaker, our plan for keeping costs down also includes cutting fees. We’re making it less expensive to drive by eliminating and refunding licence plate stickers, so that for each passenger vehicle, light-duty truck, motorcycle and moped, they get relief. This on its own will save Ontario drivers $120 a year per vehicle in southern Ontario, and $60 a year per vehicle in the north. On top of these savings, our government is also helping people who are feeling the pinch at the gas pump. As of July 1, we have cut the gas tax by 5.7 cents per litre and the fuel tax by 5.3 cents a litre for six months. Together, these measures—eliminating and refunding licence plate renewal fees and cutting the gas and fuel tax—will help households save about $465 on average this year in 2022.

I note the member from Durham is here. We have also removed the tolls on Highways 412 and 418. This especially helps people in the Durham region and benefits every single person who uses these highways.

Mr. Speaker, I would like to remind members of two new initiatives our government recently announced to keep costs down in Ontario.

First, we announced an increase for Ontario Disability Support Program payments, to bring much-needed support to help offset rising living costs for these families and individuals. And we announced that future Ontario Disability Support Program—ODSP—payments would be adjusted for inflation, to help support these recipients moving forward. This comes in addition to measures we’re discussing today to keep costs down, as well as other initiatives such as the Ontario Community Support Program, and providing an additional $307 million to help municipalities, and Indigenous communities and their partners, deliver critical services that create longer-term housing solutions and keep people safe.

Additionally, beginning in September, the government will increase the maximum monthly payment by 5% for the Assistance for Children with Severe Disabilities Program. We also announced an additional investment on top of our government’s previously announced tutoring support program to provide direct education supports for students. Our government has committed an additional investment of $225 million on top of the previously announced tutoring support program, bringing the total investment in tutoring supports to over $400 million over three years. These additional funds will support a program that provides parents with greater flexibility over how to support a child’s specific needs.

Mr. Speaker, the next part of our plan I will cover is highways and infrastructure. As Ontario’s population grows, it puts unprecedented pressure on roads, highways, transit and other infrastructure, so our plan includes building roads, highways and transit for Ontario’s needs, getting shovels in the ground and getting to work for the people and the businesses of Ontario.

At the heart of our plan is a capital investment of $158 billion over the next 10 years, with planned investments of over $20 billion in this fiscal year, 2022-23, alone. Our plan includes trains, it includes subways, and it includes highways—because you cannot fight gridlock without building highways. That is why we are investing more than $25 billion over 10 years for highway expansion and rehabilitation projects right across this province, including projects such as Highway 413. Highway 413 will save drivers up to 30 minutes on their commute.

Our commitment also extends to the Bradford Bypass, a new four-lane freeway connecting Highway 400 in Simcoe county and Highway 404 in York region. That’s an area of the province expected to experience rapid growth over the next 20 years. The Bradford Bypass will take pressure off of Highway 400 and existing local roads in York and in Simcoe, giving drivers in the region relief from endless gridlock and saving them up to 35 minutes each trip.

In addition to building highways, our capital plan will invest over $61 billion over the next 10 years to fuel a huge expansion in new subways, GO rail and other vital infrastructure. In the north, we are investing $75 million to help bring passenger rail service back to northeastern Ontario.

Interjections.