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Highlights of Ontario's 2025 budget: U.S. tariff measures, boost for alcohol market

Published May 16, 2025 at 11:09am

The Canadian Press
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The Canadian Press
Highlights of Ontario's 2025 budget: U.S. tariff measures, boost for alcohol market

The Ontario government tabled a budget Thursday that focused on investments it says will protect Ontario workers in the face of U.S. President Donald Trump's tariffs.

The province is projecting a deficit of $14.6 billion this year, up from a forecast of $4.6 billion in last year's budget, and a deficit of $7.8 billion next year.

Finance Minister Peter Bethlenfalvy said the budget seeks to help Ontario businesses and workers "weather the storm" to make the province's economy resilient and competitive.

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