Today, Minister of Finance Peter Bethlenfalvy released the 2025 Fall Economic Statement — A Plan to Protect Ontario — reaffirming our government’s commitment to building a stronger, more competitive, and self-reliant province.
With tariffs continuing to target Ontario’s workers and industries, Premier Doug Ford and our Ontario PC team are standing up for our province — protecting jobs, supporting families, and defending our economy. Thanks to our government’s responsible fiscal management, Ontario is in its strongest financial position in over a decade and ready to meet global challenges head-on.
Our government is delivering a plan that keeps costs down, attracts new investment, and ensures Ontario workers can thrive. Highlights from this year’s Fall Economic Statement include:
- Helping First-Time Home Buyers: Rebating the full provincial portion of the HST on most new homes up to $1 million — saving families up to $80,000 on their first home.
- Protecting Ontario Jobs and Businesses: Launching the Ontario Tax Action Plan to strengthen competitiveness, attract investment, and keep more good-paying jobs right here at home.
- Supporting Local Manufacturers: Enhancing the Ontario Made Manufacturing Investment Tax Credit — providing up to 15% support for investments that help Ontario companies innovate and grow.
- Expanding Home and Community Care: Investing $1.1 billion to expand home care services and Hospital to Home programs, helping more seniors live safely at home and easing pressures on hospitals.
- Standing Up to Tariffs: Backing Ontario’s world-class steel, aluminum, copper, and auto sectors through the $5 billion Protecting Ontario Account and Protect Ontario Financing Program.
- Investing in Critical Infrastructure: Moving forward with more than $201 billion over 10 years in highways, transit, hospitals, and schools — keeping people working and communities growing.
Our government continues to balance compassion with common sense, investing in the priorities that matter most while keeping our finances on track. The province remains on a clear path to balance by 2027–28, even as we deliver record investments in services and infrastructure.
From cutting red tape to building new hospitals and homes, our Ontario PC government is protecting Ontario’s workers, families, and future.