Ontario unveils $11 billion plan to shield businesses and workers from U.S. tariffs

Photo courtesy of: davidpiccinimpp.ca

Ontario is rolling out an $11 billion support package aimed at helping businesses stay afloat and protecting workers as the province braces for economic instability linked to U.S.-imposed tariffs.

Premier Doug Ford announced the plan earlier this week, outlining a six-month deferral on select provincial taxes to free up $9 billion in cash flow, as well as a $2 billion rebate through the Workplace Safety and Insurance Board for businesses with strong safety records.

Northumberland–Peterborough South MPP David Piccini says the move is both timely and necessary.

Piccini adds the province is preparing for turbulence in global markets, and this plan will help Ontario remain resilient. He also says it’s about making Ontario more competitive in the long term by speeding up approvals for new developments and reaching beyond U.S. borders to grow trade.

The government hopes the combined measures will provide immediate relief while laying the groundwork for economic stability and growth in the months ahead.