Here’s what we can expect in today’s provincial...
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Feb 25, 2016  |  Vote 0    0

Here’s what we can expect in today’s provincial budget

OurWindsor.Ca

Pensions, pinot noir, and pricing carbon.

Those will be the major pillars of Finance Minister Charles Sousa's budget.

Premier Kathleen Wynne's announcement of an additional 4.3 cents per litre for gasoline and $5 a month on the average natural gas bill will be formalized in today's provincial budget.

Starting next January — when Ontario's carbon-pricing regimen with Quebec and California is in place — fuel costs will begin to rise, said Wynne.

The budget is being tabled months earlier than usual to accommodate Ontario's entry into the carbon-pricing market, which will ultimately bring in $1.3 billion for the treasury while reducing greenhouse gas emissions.

At the same time, the winter budget will usher wine onto Ontario supermarket shelves, building upon the successful launch of beer sales in grocery stores last Christmas.

As first disclosed by the Toronto Star's Martin Regg Cohn, there will be wine in 70 supermarkets across Ontario this fall, rising to 150 new outlets in future years.

Of the 70 new wine outlets, sources say 35 will be devoted to local VQA (Vintners Quality Alliance) products and 35 will be for foreign and domestic vintages.

Beyond pinot and carbon-pricing, the budget will also tout the Ontario Retirement Pension Plan (ORPP), the launch of which has been delayed for one year — to 2018 — in order to give big business more time to prepare.

Sousa stressed to reporters last Tuesday that while Queen's Park and Ottawa "have agreed to enter into a national dialogue to enhance the Canada Pension Plan," Ontario's stand-alone scheme will still go ahead.

"This government does listen to business and to the people of Ontario," he said, adding the delay gives 400 companies with 500 or more employees additional months to gear up for a plan that will be mandatory for firms without employee pensions.

"Ottawa has agreed to facilitate the ORPP plan registration and data-sharing arrangements (which will) … ensure the key elements of the ORPP administration are completed efficiently and cost-effectively."

Progressive Conservative Leader Patrick Brown said the delayed implementation of the ORPP is "a step in the right direction," but he remains concerned the scheme could hurt job growth.

"We have a fragile economy," Brown told reporters, urging the government to wait until the time is right to enhance the Canada Pension Plan.

"Everyone wants to do more on pensions. That is a noble goal. But the way they're going about it is not the right course."

NDP Leader Andrea Horwath said she is concerned the early budget will usher in cuts to services — especially since Sousa is sticking to his vow to balance the books in 2017-18.

"What we are worried about is another Liberal … budget full of cuts … that takes money out of health care, takes money out of education, that makes life worse for everyday families," she said.

Horwath said Sousa should instead hike taxes on business in order to eliminate the deficit.

"There's room to raise corporate tax in this province."

The budget is also expected to include Queen's Park commitment to $100 million in new funding to tackle violence against First Nations women. Sousa will outline a three-year, six-part strategy — known as Walking Together — to help.

The strategy will include $80 million to support children, youth and families, including hiring 220 outreach workers, and $15.75 million to prevent human trafficking, expand counselling, and boost supports.

Torstar News Service

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(5) Comment

By mush | FEBRUARY 25, 2016 12:47 PM
How much 'carbon tax' is being levied on all those businesses and corporations that keep the Toronto skyline lit up like daylight 24/7. Seems they have ZERO problem paying their electricity bills!!!
By mush | FEBRUARY 25, 2016 12:46 PM
Lets have a $100,000,000 program to address violence against ALL people. Enough with the pandering to special interest groups.
By mush | FEBRUARY 25, 2016 12:45 PM
Spin, dogma, rhetoric, bafflegab.....PLEASE PLEASE PLEASE.... tell us HOW this cap and trade garbage is going to 'reduce greenhouse gas emissions"!!!! Seriously, facts please. A plan with concrete actions, predicted, measurable and sustainable outcomes. Does it exist? If it did we would have heard of it by now. Well? Just another thieving tax by the mcginty / wynne crap and fade group.
By John | FEBRUARY 25, 2016 10:17 AM
My wallet is empty now. When can I apply for welfare? I would end up better off.
By Wally | FEBRUARY 25, 2016 09:23 AM
Hang on to your wallets all you REVENUE TOOLS!!!
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