Ontario 2025 budget: Highlights from bike lanes to alcohol revenue and housing
Global News
From tariff relief to plans to remove two new bike lanes and build a new police training college. Here are some of the things to know about Ontario's 2025 budget.
Ontario has tabled its 2025 budget, outlining its spending plans for the next year in an economy dominated by tariffs from the United States.
The annual document gives an indication of the health of the province’s economy and includes major and minor policy announcements from the government.
Under tariffs from U.S. President Donald Trump — and the threat of more potentially to come — Ontario has announced an increase in deficit spending to respond.
The budget, titled A Plan to Protect Ontario, focuses its major announcements on the tariffs but includes a raft of new policies.
Below are a few highlights:
The budget includes tens of billions of dollars in tariff-related relief and stimulus, confirming a range of measures that were previously announced or included in the Progressive Conservatives’ recent election campaign.
The creation of a new $5 billion Protect Ontario fund is at the heart of that plan. The fund will include $1 billion in relief to help businesses struggling with liquidity, and another $4 billion for other support measures.
The government will also roll out a $1.3 billion manufacturing tax credit and $11 billion in business support — largely through wage deferral.
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