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Province Issues Economic Update

Photo Credit: ola.org

Ontario government investing $342 million to strengthen the health and long-term care workforce.

Finance Minister Peter Bethlenfalvy has released details of the province's fall economic statement. 

Highlights include a $342 million investment to bring in over 5,000 new and upskilled registered nurses and practical nurses, as well as 8,000 personal support workers between 2021-22. 

As well, the following year, Ontario will invest $57.6 million to hire 225 long-term care nurse practitioners. 

The Ontario government also committed $4 billion over six years to providing all regions with access to reliable high speed internet by the end of 2025. . 

As well, the province is pledging $30.2 billion over the next decade to build, expand and enhance hospitals. 

Other highlights include extending the Ontario Jobs Training Tax Credit to 2022, which would provide an estimated $275 million in support to around 240,000 people. 

The government is also allocating $2.6 billion this year to repair and expand bridges and highways. 

While there are no tax cuts in the document, the province is introducing a "staycation" tax credit, as well as enhancing or extending exisitng tax credits such as the Ontario Seniors' Home Safety tax credit. 


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