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Province releases Ontario Economic Outlook and Fiscal Review

November 13, 2025   ·   0 Comments

By Brian Lockhart

The office of Simcoe-Grey MPP Brian Saunderson issued a statement on the province’s 2025 Economic Outlook and Fiscal Review, which supports the government’s plan to protect Ontario by building a more competitive, resilient, and self-reliant economy by cutting red tape, investing in infrastructure, supporting workers, and improving services.

“This plan reflects our government’s continued commitment to strengthening Ontario’s economic foundation while protecting the people and communities that make it strong,” said Brian Saunderson, MPP for Simcoe-Grey. “By investing in infrastructure, supporting workers, and keeping costs down for families, we are building a province that is more resilient, competitive, and ready for the future.” 

Highlights of the 2025 Fall Economic Statement include:

• Rebating the full provincial portion of the HST for first-time home buyers of most new homes, subject to passage of federal legislation.

• Delivering on its plan to protect Ontario workers, businesses, and communities from the impacts of U.S. tariffs.

• Investing an additional $100 million in the Ontario Together Trade Fund to further help small and medium-sized enterprises diversify into new markets.

• Helping Ontario manufacturers and processors lower their costs, innovate, and become more competitive by introducing legislation to enhance and expand the Ontario Made Manufacturing Investment Tax Credit.

• Investing $1.1 billion over three years to extend home care services and the Hospital to Home program.

• Supporting sectors affected by U.S. tariffs through the $5 billion Protecting Ontario Account.

• Continuing to invest in the province’s most ambitious capital plan, with planned investments totaling more than $201 billion over ten years.

“With tariffs taking direct aim at Ontario workers and communities, it has never been more important for the government to deliver on its plan to protect Ontario,” said Ontario Minister of Finance Peter Bethlenfalvy. “We continue to make historic investments in highways, transit, healthcare, and all the other services our communities rely on, so we can build for our growing province.”

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