Ontario’s Liberal government delivered its first balanced budget in a decade on Thursday. Here are some things you need to know:
- A new program will offer free prescription drug coverage to anyone under 25, regardless of family income. The OHIP+ program will include the more than 4,400 prescription medications currently covered by the Ontario Drug Benefit program and requires no co-payment or deductible.
- A new tax credit will make getting around on public transit a little more affordable for those 65 and over. It will allow seniors to claim 15 per cent of eligible transit expenses, up to $130 a year. Money will also be used to build 40 new so-called elderly persons centres, which run programs such as meals on wheels.
- Increasing tobacco taxes and giving municipalities the authority to introduce a hotel tax. The tax on a carton of cigarettes will go up $10 over the next three years, with the first $2 increase to kick in Friday.
- Ontario has budgeted $11.5 billion in new health-care spending over the next three years… including includes $1.3 billion to help cut wait times to see specialists, get key surgeries and access mental health services.
- Ontario is vowing to create 24,000 new licensed child care spots, 60 per cent of which would be government-subsidized.
You can see more HERE