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Ontario projects $6.6-billion deficit, offers $200 rebate cheques

The Ontario government’s latest financial update unveils a projected $6.6-billion deficit for 2024, a figure softened by unexpected tax revenues, mostly provided by international students, but complicated by a new expenditure: the $200 rebate cheques the government recently unveiled to support residents with rising living costs.

Published Oct 30, 2024 at 5:37pm

Barbara Patrocinio
By
Barbara Patrocinio
Ontario projects $6.6-billion deficit, offers $200 rebate cheques

Ontario Finance Minister Peter Bethlenfalvy watches as Ontario Premier Doug Ford speaks to media at a press conference at the Cool Beer Brewing Company in Toronto, on Wednesday, July 10, 2024. THE CANADIAN PRESS/Cole Burston

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