Ontario’s 2025 budget includes support for businesses and workers hit by U.S. tariffs, new investments to grow key sectors, and a deficit three times larger than last year’s projection.
This year’s budget, dubbed “A Plan to Protect Ontario,” responds to economic uncertainty caused by U.S. tariffs with a focus on building a stronger economy through nation-building projects and the province’s “most ambitious” capital plan yet, said Finance Minister Peter Bethlenfalvy at his May 15 budget address at the legislature.
