Statement from Ontario’s Finance Minister on the Build Ontario Act
Peter Bethlenfalvy, Ontario’s Minister of Finance, issued the following statement in response to Bill 43, the Build Ontario Act (Budget Measures), 2021 being passed into law.
“Our government is pleased at the passing of this important legislation, which supports our plan to Build Ontario by protecting the hard-fought gains Ontario has made against COVID-19, getting shovels in the ground on critical infrastructure, standing up for Ontario workers and restoring Ontario’s leadership in auto manufacturing and other industries.
Through this plan, the government is protecting our progress against COVID-19 and building a health and long‑term care system that delivers the quality of care our loved ones deserve.
We are building Ontario with shovels in the ground for highways, hospitals, housing and high-speed internet. With these investments, the government will expand our health care capacity, provide access to critical mineral resources in Ontario’s North, and cut down on the time drivers spend in gridlock so they can spend more time with friends and family.
And we are working for workers. We want our province’s workers to be in a race to the top, not a race to the bottom. This is why we are raising the general minimum wage to $15 an hour effective January 1, 2022. This represents a 4.5 per cent increase over the current minimum wage of $14.35 per hour.
We are also extending the Ontario Jobs Training Tax Credit to 2022 to provide an estimated $275 million in support to about 240,000 people, or $1,150 on average.
Over the past two years, the people of Ontario have faced a once-in-a-lifetime challenge. The people of this province have shown true Ontario Spirit. This legislation will help us deliver on our plan to build a stronger, more self-reliant province, ready to face the challenges of a dynamically changing world.”