GTHA > Government Relations > Legislative Updates

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Holiday Inn Toronto - Brampton Conference Centre

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GTHA Budget Releases

2011 Provincial Budget Update

Minister of Finance, Dwight Duncan has delivered the Liberal government’s 2011 budget, Turning the Corner to a Better Tomorrow. The budget focus is to eliminate the deficit and support economic recovery. For the GTHA analysis as it relates to the accommodation and tourism industry please click here. The 2011 Ontario Budget is available here.

Government's Fall Economic Statement Focuses on Electricity

As of January 1, 2011, Ontario consumers and businesses will see a 10 per cent cut in electricity rates for for five years through the Ontario Clean Energy Benefit (OCEB). Other key highlights: GDP is projected to grow 3.2 per cent in 2010; however it is projected that growth will slow in 2011 to 2.2 per cent in and 2.5 per cent in 2012; Ontario’s deficit will be $18.7 billion in 2010‐11. At this time last year, Ontario’s deficit was projected to be $19.7; Ontario has regained 75 per cent of jobs lost during the recession. To download a copy of the statement click here.

2011 Federal Budget Update

Federal Minister of Finance Jim Flaherty today delivered the “Next Phase of Canada's Economic Action Plan—A Low-Tax Plan for Jobs and Growth” in the Conservative government’s 2011 budget. The top priority is to continue to build on the government’s previous stimulus plan and focus on securing continued economic recovery to return to a balanced budget in 2015-16. For the GTHA budget highlights as it affects the tourism industry please click here.

2009 Federal Budget

coming

2009 Provincial Budget Update

coming

Fall 2010 Federal Economic Update

Highlights from Minister Jim Flaherty's Update on October 12, 2010. For the Update highlights click here.

2010 Provincial Budget Update

The Hon. Minister of Finance, Dwight Duncan today delivered the Liberal government’s 2010 budget, Open Ontario-Ontario’s Plan for Jobs and Growth. For the GTHA 2010 Provincial Budget Announcement click here.

2010 Federal Budget Update

Federal Minister of Finance Jim Flaherty today delivered, “Leading the Way on Jobs and Growth”, the Conservative government’s 2010 budget. The top priority is to “finish the work from last year” and bring Canada’s finances back to fiscal balance over the next 5 years with the completion of the Economic Action Plan and the introduction of new measures. The government will not cut spending in provincial transfers or raise taxes, but will slow down stimulus spending in 2010. Read the full GTHA Budget Release here.