Huron-Bruce MPP Lisa Thompson says Ontario’s 2026 budget focuses on protecting the province’s economy while supporting families, businesses, and key services.
The budget, titled A Plan to Protect Ontario, was released by Finance Minister Peter Bethlenfalvy. It comes at a time of global economic uncertainty and ongoing tariff concerns, with the province aiming to build a more competitive and self-reliant economy.
Thompson shared her thoughts on the 2026/27 budget.
One of the key measures is the removal of the provincial portion of the HST on new homes priced up to $1 million, with some support continuing up to $1.5 million. The province says this could provide significant savings for homebuyers and help boost housing construction.
Healthcare remains a major focus.
Small businesses are also expected to benefit. The budget proposes cutting the small business tax rate from 3.2 per cent to 2.2 per cent, which the province says will help more than 375,000 businesses across Ontario.
In education, Thompson noted changes are being made so investments go directly into the classroom. Elementary school teachers will receive $750 directly for classroom supplies.
Changes to the Ontario Student Assistance Program (OSAP) have become a prominent topic of discussion in recent weeks, drawing increased attention from students, educators, and policymakers alike.
The budget also includes a long-term infrastructure plan, with more than $210 billion in spending over the next 10 years. This includes investments in highways, hospitals, transit, and community facilities.
Locally, Thompson highlighted the importance of energy projects like Bruce Power’s proposed Bruce C expansion, which could support jobs and economic growth in the Huron-Bruce region.
She says the province is also working to support rural communities through programs that invest in local infrastructure, public services, and economic development.
According to the province, the plan keeps Ontario on track to balance the budget in the coming years while continuing to invest in important services.
Thompson says the goal is to make sure communities like Huron-Bruce remain strong, affordable, and ready for future growth.