Ontario Budget 2025 – Counsel

May 15, 2025

Overview of Ontario Budget 2025

Fresh on the heels of securing a historic third consecutive majority, the Ontario Government is going all-in on confronting long-avoided challenges that now demand urgent action as a result of the existential threat of U.S. tariffs. Protecting Ontario isn’t just about continuity—it’s about courage to make long overdue and game changing decisions about how fast the government is getting things done. Now, as Ontario’s competitive edge is threatened, the government is left with no choice but to pull out all the stops to increase the province’s economic independence.

The 2025 Ontario Budget, the fifth tabled by Minister of Finance Peter Bethlenfalvy, mirrors the government’s successful re-election pitch and the Speech from the Throne delivered last month:

• eliminating long standing inter-provincial trade barriers to drive local economic growth
• nation-building projects like the Ring of Fire to unlock Ontario’s critical mineral supply chain, an ambitious $200 billion infrastructure plan, including expanding transit, roads, highways and a new highway 401 driver and transit tunnel expressway
• providing direct relief for workers, businesses and communities affected by tariffs
• transforming the province into an energy superpower through a massive expansion of energy generation and export capabilities, spearheaded by new nuclear projects, including small modular reactors (SMRs) and the first large scale build in a generation
• protecting the health care system, removing barriers for patients and health care practitioners and improving access to primary care
• keeping costs down for Ontario workers and families though wallet-friendly measures like removing tolls off highway 407 East and a permanent cut in the gas tax.

Read More: https://counselpa.com/insights/ontario-budget-2025/