Ontario Budget Report 2017

April 27, 2017

On April 27, 2017, the Honourable Charles Sousa presented his sixth budget as Minister of Finance. With a growing economy, the Ontario Liberal government was able to produce its first balanced budget in a decade.

If the economy continues to grow, there is potential for revenues to soon exceed expenditures, giving the government the opportunity to reduce taxes or government debt. However, with a provincial election just over a year away, the government is focused on increasing spending that may result in a return to deficits and increasing debts.


  • Deficit of $1.5 billion now forecast for 2016-17
  • Balanced budget for 2017-18; balanced budget maintained for 2018-19 and 2019-20
  • Increased spending in health care and infrastructure
  • Tax system review announced

For more information, contact:

Dave Walsh
Partner, Tax Service Line Leader

John Wonfor
Partner, National Tax Office Leader

Rachel Gervais
Partner, GTA Group Tax Service Line Leader & Transaction Tax Practice Leader

Peter Routly
Partner, Central Group Tax Service Line Leader

Shelley Smith
Partner, East Group Tax Service Line Leader & Indirect Tax Practice Leader

This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our privacy statement for more information on the cookies we use and how to delete or block them.