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Community Frugal Crowd

Ontario Trillium Benefit: More Canadians Get Lump-Sum Payments in July 2013

This video explains the Ontario Trillium Benefit (OTB):

  • OTB came into effect in July 2012:

Ontario Trillium Benefit
Ontario Trillium Benefit

Ontario has a long-term poverty reduction plan called “Ontario’s Poverty Reduction Strategy” which:

  • focuses first on giving children and their families the support they need to achieve their full potential and to get ahead, because “an educated, healthy and employable workforce is critical to the economic future of this province”
  • has the target of reducing the number of children living in poverty by 25 per cent over 5 years

As a support of the “Ontario’s Poverty Reduction Strategy”, the Ontario Trillium Benefit (OTB) came into effect in July 2012.

The Ontario Trillium Benefit (OTB) combined, into one monthly payment, the following tax credits:

Categories
Community Frugal Crowd Health & Wellness

Ontario’s Updated 2012 Budget: Proposed Changes Lead to a Faster Deficit Reduction by 2017-18

UPDATED 2011-12 INTERIM RESULTS: The interim results for 2011­-12 published in the 2012 Budget were based on information available as of early March 2012. Since that time, additional information has become available that projects a further improvement in the Province's expected 2011-12 fiscal results. The government now projects a deficit of $15.0 billion in 2011-12, an improvement of $0.3 billion compared to the 2012 Budget projection and $1.3 billion lower than the 2011 Budget forecast.

This is an update to my previous blogs:

The recently updated 2012 Budget outlined the government’s plan to eliminate the deficit, and balance the budget by 2017-18 as follows:

  • Additional revenue from:
    • A temporary new Deficit-Fighting High-Income Tax Bracket for individuals earning more than $500,000 annually:
      • income tax rate on taxable incomes over $500,000 will increase by two percentage points (i.e. two per cent point surtax), from 11.16 per cent to 13.16 per cent
      • this change would generate additional revenue of:
        • $280 million in 2012­-13
        • $470 million in 2013-14
        • and $495 million in 2014­-15.
    • All of the additional revenue raised by this proposed measure would be used to reduce the Provincial deficit and accelerate Ontario’s plan to eliminate the deficit by 2017-18.
    • The new tax bracket would be eliminated once the budget is balanced by 2017-18.
  • and by not increasing overall spending
    • the Province’s deficits are now projected to be lower than the 2012 Budget each year between 2011-12 and 2016-17.

McGuinty Government aims to accelerate Ontario’s fiscal plan to balance the 2012 Budget in order to eliminate the deficit even faster by 2017-18 via the proposed measures above as well as redirect proposed new savings (from other  measures) to support important social priorities with no net new provincial spending, which include:

Categories
Community Health & Wellness Videos

“Billions for Business, Pennies for the Poor”: Please Petition Premier McGuinty to Give a $100 Increase to Canadians’ OW and ODSP

One Paycheck Away  is a one-minute video depicting the growing gap between the rich and the ‘rest of us” in Canada, as shown here:

The following Put Food in the Budget editorial provides the update to my previous blog You’re Invited: Holiday Lunch Dec.19 + Urge Dalton McGuinty to Give a $100 Increase to OW and ODSP:

“Billions for Business,
Pennies for the Poor”

Categories
Community

Ontario Finance Minister’s Rotary Club Speech: Jobs, Growth & Deficit Elimination

Ontario Finance Minister's Rotary Club Speech: Jobs, Growth & Deficit Elimination
Ontario Finance Minister's Rotary Club Speech: Jobs, Growth & Deficit Elimination

Tomorrow, May 12, 2011, at approximately 12:00 p.m., you can join the Rotarians at the Rotary Club of Orillia to hear Ontario Finance Minister Dwight Duncan’s speech on Ontario’s plan to eliminate the deficit while also encouraging job creation and protecting key public services such as health care and education.

Minister Duncan will be available to the media immediately following his remarks.

Please see the following media advisory for more info.

Categories
Community Frugal Crowd Health & Wellness Videos

Better Tomorrow for Ontario Act Includes Measures of 2011 Ontario Budget

Please note that the following video was posted on March 30, 2011, before our recent Canadian federal election:

Today the Better Tomorrow for Ontario Act passed third reading.

Through the Better Tomorrow for Ontario Act (Budget Measures), which includes measures announced in the 2011 Budget – Turning the Corner, Ontario will carry out its commitment to:

  • eliminate the deficit,
  • protect key public services in education and health care,
  • reduce the number of government agencies, and
  • find savings of nearly $1.5 billion across government over the next three years.

Also, Ontario’s Tax Plan for Jobs and Growth will provide $12 billion in relief for families over three years.

The highlights of the 2011 Budget include:

  • Supporting more than 60,000 additional students in Ontario’s colleges and universities by 2015-16.
  • Providing about 90,000 additional breast cancer screening exams to help reach more women at high risk.
  • Introducing a comprehensive Mental Health and Addictions Strategy, starting with children and youth.
  • Helping cattle, hog, sheep and veal farmers by implementing a new Risk Management Program, and a Self-Directed Risk Management Program for the edible horticulture sector.
  • Establishing the Commission on the Reform of Ontario’s Public Services, which will provide advice on reforms that would help accelerate the government’s plan to eliminate the deficit.

Please click here for info on Ontario’s Economic Outlook and Fiscal Plan.

Better Tomorrow for Ontario Act Includes Measures of 2011 Ontario Budget
Better Tomorrow for Ontario Act Includes Measures of 2011 Ontario Budget
Categories
Community Videos

List of Companies Creating Jobs in Ontario

Good things grow in Ontario. And one of those things is job creation accompanied by support of existing jobs.

Here is the list of companies creating jobs:

  • Pratt & Whitney Canada is creating 80 new jobs in Mississauga and investing in new technology, equipment and research and development. The company is a world leader in the design, manufacture and service of gas turbine engines for the aerospace industry.
  • Best Theratronics is creating 100 new jobs in Ottawa and improving existing product lines and developing new technologies. The company develops and manufactures medical equipment used to treat cancer and make blood supplies safer.
  • Sungrow Canada is creating 50 new jobs and establishing Vaughan as its North American headquarters. The company manufactures equipment for the clean solar power industry.
  • Kellogg Canada is creating 40 new jobs as it plans to add a new cereal production line in Belleville. This investment will make the plant among the most sophisticated in the company’s worldwide operations.
  • Eagle Feather Air Inc. is creating up to five new jobs. As a new helicopter service, the company will provide more flights in the Sault Ste. Marie region and surrounding rural First Nation communities.

The Ontario strategy for creating jobs is tax changes in Ontario: taxes on business investment were cut in half to make Ontario more competitive and encourage new business investments.

List of Companies Creating Jobs in Ontario
List of Companies Creating Jobs in Ontario
Categories
Community Health & Wellness

2011 Ontario Budget Has the Bull’s-Eye on Eliminating the Deficit While Protecting Education and Health Care

2011 Ontario Budget Has the Bull's-Eye on Eliminating the Deficit While Protecting Education and Health Care
2011 Ontario Budget Has the Bull's-Eye on Eliminating the Deficit While Protecting Education and Health Care

Today the 2011 Ontario Budget is unveiled to Ontarians.

This Ontario Budget has the bull’s-eye on eliminating the deficit while protecting education and health care.

The deficit for 2010–11 is projected to be  $16.7 billion which is $3 billion lower than forecast a year ago because, for the most part, the projected program expense for 2010-2011 is $2.6 billion lower than the forecast published in the 2010 Budget.

The new  measures of the 2011 Ontario Budget directly affecting the public include:

  • New business partnerships will create and retain nearly 10,000 jobs in Ontario
  • Farmers (of cattle, hog, sheep and veal) will get a new Risk Management Program, and the edible horticulture sector gets a Self-Directed Risk Management Program
  • By 2015-16 there will be more than 60,000 new student spaces in Ontario’s colleges and universities
  • Full-day kindergarten will be available in an additional 200 schools this September; and in every school in September 2014
  • About 90,000 additional breast cancer screening exams to help reach more women who are at high risk
  • A comprehensive Mental Health and Addictions Strategy, starting with children and youth
  • Expanding pharmacy services and support for people covered under the Ontario Drug Benefit Program — helping seniors and others with things like prescription follow-up consultations

Also,  the budgetary measures for responsible government management that will help realize savings of nearly $1.5 billion over the next three fiscal years include:

  • Determining whether the current ServiceOntario delivery model provides the best value and service to people
  • Instructing major agencies to deliver efficiencies of $200 million by 2013–14
  • Reducing funding permanently for executive offices of specific transfer payment recipients by 10 per cent over two years. This policy will also be put in place for major government agencies
  • Reducing the size of the Ontario Public Service (OPS) by an additional 1,500 positions between April 2012 and March 2014. This is in addition to the reduction of about 3,400 full-time OPS employees announced in the 2009 Budget
  • Making the jail system more modern and efficient. Efficiencies will be gained by closing underutilized prisons in Owen Sound, Walkerton and Sarnia, and partially closing Toronto West Detention Centre. Inmates will be transferred to new, larger, more efficient facilities
  • Cancelling construction of the Toronto West Courthouse, resulting in appropriation savings of $181 million over the next three years
  • Establishing the Commission on the Reform of Ontario’s Public Services, chaired by respected economist Don Drummond, which will provide advice on reforms that would help accelerate the government’s plan to eliminate the deficit while protecting education and health care.

Will this 2011 Ontario Budget be effective in eliminating the deficit as well as  strengthening the economy, promoting job creation and protecting key public services?

We would love to receive your comments below this blog.

Read the 2011 Ontario Budget.

Read background information on the 2011 Ontario Budget:

Read highlights of the 2011 Ontario Budget: