Tax Relief, Job Growth Make Things A Little Easier For Families
Legislative Session Sees Improving Economy And Progress On Clean Energy Plan
Ontario is moving towards economic recovery as tax cuts and job growth help make things a little easier for families. The Ontario Legislature today ended a fall session that saw the government take action on key priorities.
To strengthen the economy and help create good jobs, the government:
- Announced a clean energy plan that cleans the air, keeps the lights on and creates thousands of good, Ontario jobs.
- Led a successful trade mission to China to promote Ontario in that fast-growing market, which included the announcement of a $67-million investment by Huawei -- a global telecommunications leader -- that will create 164 new jobs in Ontario.
- Saw significant job gains as a result of its strategic investments in the auto industry. Those gains include the recent addition of two new shifts at GM's Oshawa assembly plant that secured over 1,300 jobs, recalling all production workers along with hiring over 300 new employees.
Initiatives to help with household expenses include:
- The Children's Activity Tax Credit, helping parents with the cost of getting their kids signed up for activities with up to $50 per child or up to $100 for a child with a disability.
- The Ontario Clean Energy Benefit, taking 10 per cent off monthly electricity bills for over four million residential consumers and over 400,000 small businesses, farms and other consumers.
- The Ontario Energy and Property Tax Credit, giving eligible families up to $900 a year to help with the sales tax on energy and for property taxes. Seniors will be eligible for up $1,025 annually.
To make life easier for families, the government:
- Introduced full-day kindergarten to nearly 600 schools across Ontario for up to 35,000 of our youngest students -- with more to come.
- Continued improving access to health care so that one million more Ontarians now have access to a family doctor.
These measures build on the government's Open Ontario Plan to create new jobs, boost economic growth and protect the progress that Ontario families have made in their schools and hospitals.
- Ontario has recovered 87 per cent of jobs lost during the recession.
- The government is on track to reduce its projected deficit by 25 per cent to an estimated $18.7 billion in 2010-11.
“Our economy is moving in the right direction -- we are recovering but we need to keep working towards more sustained growth. Together, we'll continue creating jobs, investing in health care and education and making things a little easier for Ontario families.”