On May 11, 2005, the McGuinty Government presented their second budget. The main theme of this years budget is "investing in people" with the major spending occurring in post-secondary education and public infrastructure without any tax increases. Indeed, the Ontario Government plans to spend $6.2 billion on post-secondary education by 2009 and $30 billion on infrastructure over the next five years. The fiscal situation with respect to the deficit has improved significantly — the forecast is a $ 3 billion deficit for 2005 and declining to zero by 2008-2009. The following summary features certain highlights of the 2005 Ontario Budget, with an emphasis on those areas that would be of greatest interest to clients of Borden Ladner LLP.

type Government Relations Bulletin - Ontario Budget 2005 Highlights