The Ford government is pledging billions in new funding and tax relief in the fall fiscal update to help Ontario businesses grappling with steep U.S. tariffs.
Finance Minister Peter Bethlenfalvy said the government is doubling down on efforts to protect workers and communities by unleashing "Ontario's full economic potential," offering additional financing for trade-exposed sectors and taking the first steps towards overhauling the province's personal and corporate tax regime.
The fiscal update, which details some $234.6 billion in spending, was tabled in the legislature on Tuesday and comes days removed from U.S. President Donald Trump halting trade talks with the federal government over Ontario's anti-tariff ad campaign.