Bay of Quinte MPP Tyler Allsopp says the provincial government’s Fall Economic Statement continues the Conservative government’s path toward balancing the budget.
Minister of Finance Peter Bethlenfalvy released the 2024 Ontario Economic Outlook and Fiscal Review: Building Ontario for You, on Wednesday, saying the plan reduces the deficit and retains a path to balance the budget by 2026–27.
Allsopp says the plan promotes affordability for Bay of Quinte, investing to train primary care physicians for Ontario patients, and helping more people to start a family through expanded IVF coverage.
Allsopp says he’s also pleased to see expanded support through the Ontario Municipal Partnership Fund, and new investments in manufacturing, life sciences, and energy capacity and that the Doug Ford government is continuing to deliver economic growth without raising taxes and fees.
A release from Allsopp’s office states that, compared to the 2024 budget, Ontario is also projected to see both stronger growth in real GDP and employment in 2024.
The release says highlights of the 2024 Fall Economic Statement include:
• Providing a $200 taxpayer rebate early next year, which would give immediate relief for Ontario families in the face of high interest rates and the federal carbon tax. This proposed $200 taxpayer rebate would be sent to all eligible adults in Ontario who have filed their 2023 Income Tax and Benefit Return by December 31, 2024. Eligible families would receive an additional $200 for each child under 18.
• Proposing to further extend the temporary gas tax and fuel tax rate cuts so that the rate of tax on gasoline and fuel (diesel) would remain at 9 cents per litre until June 30, 2025. This would save Ontario households $380, on average, over the three years since July 2022. This relief is especially
important as the federal carbon tax is set to increase again on April 1, 2025.
• Starting in 2026, the government is investing an estimated $88 million over three years to expand Learn and Stay grants for 1,360 eligible undergraduate students that commit to practice family medicine with a full roster of patients once they graduate. This includes $17.7 million for the 2026–27 academic year. It is estimated the total investment will enable the connection of an additional 1.36 million people to primary care based on average attachment rates for family doctors. The funding will cover all tuition and other direct educational costs like books, supplies and equipment in
exchange for a term of service as a physician in any community across Ontario.
• Expanding access for families who are seeking fertility treatment. Beginning in 2025–26, the government will invest an additional $150 million over two years to expand the Ontario Fertility Program (OFP). This funding will nearly triple the number of individuals who are able to receive a government-funded in vitro fertilization (IVF) cycle, increasing the capacity of fertility clinics and reducing waitlists in hospitals and community settings. In 2025, the government will introduce additional support to families who are seeking fertility treatment through a new tax credit, which
would provide support of up to 25 per cent of eligible fertility treatment expenses for Ontario residents, up to a maximum of $5,000 per year, which could include IVF cycles, fertility drugs, travel for treatment and diagnostic testing. The government is setting aside $115 million for this initiative
over three years.
• Increasing the Ontario Municipal Partnership Fund (OMPF) — the province’s main general assistance grant to municipalities — by $100 million over the next two years, bringing total funding provided through this program to $600 million by 2026. In 2025, municipalities will benefit from an immediate $50 million increase to the OMPF.
