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Ontario Budget Includes Tax Cuts Despite Record Spending and Deficits

Thursday, 5 November 2020 at 17:43

The Parliamentary Assistant to the Minister of Finance Stan Cho called into to Heart FM to provide us with a breakdown of the budget.

ONTARIO - The Province rolled out their 2021 budget yesterday.

It set a new record for spending and includes a record deficit, thanks in large part to extra spending related to the COVID-19 pandemic. 

The budget includes massive spending for health care, small business supports and seniors. You can read all of the highlights online here. 

The Parliamentary Assistant to the Minister of Finance Stan Cho called into to Heart FM to provide us with a breakdown of the budget. You can listen to that interview below where he discusses the following:

- The Province will not raise taxes despite a record deficit, in fact Cho says they will be offering tax cuts and they will worry about the deficit later. 

- Supports for small businesses struggling to stay afloat during the pandemic.

- Some of the key measures in the budget including support for seniors and health care.

- Improved access to internet and broadband service in rural areas including Oxford County.  

 

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