Ontario budget highlights: Key facts and figures you need to know - Action News
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TorontoOntario Budget 2018

Ontario budget highlights: Key facts and figures you need to know

Ontarios Liberal government revealed its latest budget on Wednesday that includes billions in new spending on a wide range of issues.

Liberals reveal a tax hike for some and a break for others, plus billions for hospitals and schools

Ontario's Finance Minister Charles Sousa unveiled a budget featuring billions in new spending on Wednesday. (John Rieti/CBC)

Ontario's Liberal government revealed its latest budget on Wednesday that includes billions in new spending on a wide range of issues.

The governmentalready made several high-profile announcements in recent days, including $2.2 billion to make preschool free for children aged 2-and-a-half years to four, $575 million for free prescription drugs for seniors, and a total of $2.1 billion to expand mental health services.

Here are thekey commitments from the 308-page budget, many of which will only become a reality if the Liberalgovernment is re-elected in the spring election:

  • A new drug and dental plan for 4.1 millionOntarianswithout workplace benefits, regardless of income,thatpays up to 80 per cent of expenses to a maximum of$400 for a single person, $600 per couple and $50 per child in a family of four with two kids.
  • A Seniors' Healthy Home Program that would provide $750 per year to eligible households to help those 75 and older maintain their home.
Many of the new spending measures will only take affect if the Liberals win re-election. (Mike Crawley/CBC)
  • $300 million to hire a registered nurse in every long-term care facility in Ontario.
  • 3 per cent increase in rates for those living on Ontario Worksthe Ontario Disability Support Program.
  • $5,000 annually for 47,000 eligible Ontariansliving with disabilities to access care and services.
  • $11 billion to begin work on a high-speed rail line from Toronto to Windsor, Ont. The government is starting with the Toronto to London, Ont., connection.
  • $534 million to create 10,000 additional child care spaces in schools and 4,000 spaces in community centres.
The price of smokes is going up. (Toby Talbot/AP)
  • Those earning $71,500 or more annually approximately 1.8 million people would see a personal income tax increase. It's on a sliding scale, sosomeone earning $95,000 would pay an extra $168 in tax.However, some 680,000 people would pay less personal income tax.
  • $19 billion forhospital infrastructure and operationsover the next decade.That includes $2.4 billion for redevelopment of Toronto's SickKids hospital, and a $1.8 billion project at the Ottawa Hospital.
  • $16 billion in capital grants to build new schools or improve existing ones.
  • Increase inOSAPawards for students from low-income families (those who make less than $90,000 a year) and for Indigenous students. Tuition is free for those earning up to $90,000.
  • The Ontario Cannabis Retail Corporation, a subsidiary of the LCBO, is projected to lose $40 million in its first full year of operation. By the 2020-21 fiscal year, it's expected to bring in a net income of $100 million.
  • $4 dollar increase in the price of a carton of cigarettes. The change goes into effect at midnight.
  • GO Transit and UP Express trips within Toronto will be $3 for Presto users. GO Transit trips under 10 kilometres long will also be $3 across the entire GTHA.
GO Transit users are catching a break on some trips. (CBC News)