The Ontario government plans to propose a new Ontario Made Manufacturing Investment Tax Credit
Episode Stats
Summary
Today is Budget Day in Ontario, which means it's the most important day of the year. Today at 4:00pm, Premier Ford and Finance Minister Debra LaFleur will be releasing the Ontario Budget for the year of 2023. Stay tuned for an update later today about all the investments in the budget.
Transcript
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Hi Carlton. So today is Budget Day in Ontario. Budget Day is when the Government of Ontario
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outlines what it's going to spend money on in the upcoming year. Think of it as like a blueprint for
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spending and our budget talks about what we're going to spend money on, how we're going to invest
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it, what we're planning on doing in the upcoming years, and so much more. And Budget Day is like
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the most important day of the year. Today at four o'clock on March 23, 2023, we're going to be
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releasing our budget. I've been at the Ontario legislature all day. My team and I have been
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looking at the budget all day today, and I'm looking forward to sharing that information
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with you as soon as the budget is public. Right now, I'm on a quick lunch break just to take care
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of my dog before I go back to work in the Ontario legislature. Hi. Say hi, Baxter. Good boy. Good
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say hello. But I had a little bit of spare time so I figured I would make this video to explain to
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you what budget day is. And although the budget isn't public yet, we did make a very important
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announcement yesterday. And this is great news for all of the manufacturing companies in the
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riding of Carleton. As part of our 2023 Ontario government budget, yesterday Premier Ford and
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Minister Bethlenfalby, who's the Finance Minister of Ontario, announced our government's plans to
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introduce a new Ontario made manufacturing investment tax credit. And this new proposed
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tax credit is going to help our manufacturing businesses grow, innovate, become more competitive
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and create new jobs. This is fantastic news for the people of Carleton, especially since there
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are so many businesses and companies that focus on manufacturing right here in Carleton. I have
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to go back to the legislature now, but stay tuned for my update later today about all the
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investments in the Ontario budget. I'm looking forward to sharing everything
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with you. Talk to you soon Carlton and happy Budget Day!