ONTARIO BUDGET - SOMETHING FOR EVERYONE

Apr 27, 2017

By Bob Komsic

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It’s the first provincial budget without a deficit since 2008 thanks to a growing economy.
(Nathan Denette / The Canadian Press)
A record $141.1-billion plan that increases funding for health care by $7-billion the next three years, including a pharmacare program that’ll pay for 4,400 medications for anyone under 25 as of next year.
The plan, known as OHIP +, comes just days after NDP Leader Andrew Horwath promised a universal pharmacare plan if she wins the June 2018 election.
Other budget highlights:
— $100-million over three years to help those with dementia
— Seniors’ public transit tax credit worth $130-a-year to begin July1
— The recently announced 15% ”non-resident speculation” foreign buyers tax to help cool down southern Ontario’s real estate market
— Expansion of rent controls to all units
—  All municipalities will be allowed to impose a hotel and Airbnb tax
— 24,000 more affordable child care spots
— Raising the annual salary threshold for when graduates must start repaying student loans from $25,00 to $35,000
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