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The Ontario government is committing approximately $11 billion in financial relief and support to safeguard the province’s economy and protect workers and businesses in response to growing economic uncertainty and U.S.-imposed tariffs.
“In the face of President Trump’s attacks on Ontario’s economy, our government will do whatever it takes to protect Ontario workers and businesses,” Premier Doug Ford said Monday. “We can’t control President Trump, but we’re in full control of the kind of future we build for ourselves.”
The relief package includes deferring select provincially administered taxes for six months—from April 1 to October 1, 2025—providing about $9 billion in cash flow to help businesses stay afloat and keep workers employed.
An additional $2 billion rebate will be issued through the Workplace Safety and Insurance Board (WSIB) to safe employers. This follows a previous $2 billion rebate distributed in March, as part of an ongoing effort to support job creators and ensure stability in the workforce.
The government is also pledging to boost competitiveness by breaking down internal trade barriers, accelerating development timelines, and diversifying Ontario’s trade relationships.
Finance Minister Peter Bethlenfalvy said the province’s response is focused on long-term prosperity while addressing immediate needs. “Today’s measures help Ontario to weather the storm while continuing to build on our plan for ongoing prosperity.”
Northumberland-Peterborough South MPP David Piccini, who is also the Minister of Labour, Immigration, Training and Skills Development, pointed to historic low WSIB premiums and expanded rebates as a continued commitment to supporting safe employers. “Ontario is looking to provide further relief to employers… whatever comes our way from President Trump,” he said.
Vic Fedeli, Minister of Economic Development, Job Creation and Trade, said Ontario is prepared to take whatever action is necessary. “In the face of economic uncertainty, Ontario stands ready with a plan that will defend the interests of our families and workers, protect our economy and jobs, and build a strong, stable future for generations to come.”
The $11 billion initiative underscores the province’s readiness to act swiftly and decisively to shield Ontario from external economic pressures.
