TORONTO — The Ontario government is providing approximately $11 billion in relief and support for workers and businesses as it protects the province’s economy from economic uncertainty and the impact of U.S. tariffs.
As a first step, the province is:
- Deferring select provincially administered taxes for six months from Apr. 1, 2025 to Oct. 1, 2025, giving businesses and job creators approximately $9 billion worth of cash flow they need to keep workers employed and weather the economic turmoil.
- Issuing a further $2 billion rebate for safe employers to support businesses and help keep workers on the job through the Workplace Safety and Insurance Board (WSIB), in addition to the previous $2 billion rebate distributed in March.
“In the last year, the WSIB provided historic, 50-year-low premiums to over 320,000 employers and surplus rebates to over 280,000 safe employers,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development in a statement. “Ontario is looking to provide further relief to employers through an additional distribution that will help them keep workers on the jobs, whatever comes our way from President Trump.”
