Keeping Commute Costs Down
- Proposing to extend the 5.7 cent per litre gas tax cut and 5.3 cent per litre fuel (diesel) tax cut for an additional year until December 31, 2023, which would save Ontario households $195 on average between July 1, 2022 and December 31, 2023.
- $120/year savings in Southern Ontario and $60/year savings in Northern Ontario by eliminating licence plate renewal fees for passenger and light commercial vehicles.
- Refunding eligible licence plate renewal fees paid since March 2020.
- Permanently removing tolls on Highways 412 and 418.
- Eliminating double fares for riders connecting to and from GO Transit on municipal transit systems with existing GO Transit co-fare agreements.
- Nearly doubling PRESTO discounts for youth and postsecondary students, with fares 40 per cent off the adult price.
Helping Those Who Need it Most
- $300 in additional tax relief for 2022, on average, for 1.1 million lower-income workers through the Low-income Individuals and Families Tax Credit enhancement.
- Over $365 million this year in direct Catch Up Payments to parents, with $200 or $250 per child to support tutoring or learning supplies and equipment.
- 25 per cent of up to $10,000 in eligible expenses per year for the 2021 and 2022 tax years through the Seniors’ Home Safety Tax Credit.
- $110 million to support about 200,000 low‐ to moderate‐income senior families with eligible medical expenses, through the new Ontario Seniors Care at Home Tax Credit.
- Proposing to double the Guaranteed Annual Income System payment for about 200,000 of Ontario’s lowest-income seniors for 12 months starting January 2023.
- Up to 75 per cent of eligible child care expenses through the Ontario Childcare Access and Relief from Expenses (CARE) tax credit.
- Up to $2,000 per year in relief for 50 per cent of a person’s 2021 or 2022 eligible training expenses through the Ontario Jobs Training Tax Credit.