As part of its commitment to implement measures announced in the 2022 Budget and build a stronger Ontario for workers, businesses and families, the Ontario government today re-introduced the Plan to Build Act (Budget Measures), 2022
To help those who qualify for disability support, the government is delivering on its commitment to increase the rates for income support by five per cent beginning in September 2022, for families and persons under the Ontario Disability Support Program (ODSP).
Beginning in September, the government will increase both the ODSP rate and the Assistance for Children with Severe Disabilities Program maximum monthly amount by five per cent. Future ODSP rates will also be adjusted to inflation.
To help fill gaps in learning for students after two years of pandemic disruptions, the government is also investing $225 million for direct payments to parents. This is in addition to the previously announced $175 million tutoring support program, the largest of its kind in Ontario’s history. The government will have more details later in the year on how families can access this new support.
The additional investment in tutoring supports and increased ODSP rate will be funded from existing contingencies contained in the government’s fiscal plan as presented in the 2022 Budget.
Building on the Province’s record of transparency and accountability, the government also released the 2022-23 First Quarter Finances, which provides updated information about the evolution of Ontario’s economic and fiscal outlook since the 2022 Budget for the 2022-23 fiscal year.
Due to higher-than-projected taxation revenues, the government is projecting a deficit of $18.8 billion in 2022-23, an improvement of $1.1 billion from the outlook presented in the 2022 Budget.
The next economic and fiscal update will be outlined in the 2022 Ontario Economic Outlook and Fiscal Review, to be released by November 15, 2022.