ONTARIO TABLES 2020 PROTECT, SUPPORT, RECOVER PANDEMIC BUDGET
![NMMA Canada](https://boatingindustry.ca/wp-content/uploads/2020/12/NMMA-Canada-Full-Logo-400.jpg)
Dec 8, 2020
In their recent newsletter, the NMMA Canada reported that Ontario finance minister Rod Phillips has tabled the province’s budget in November, committing $45 billion over three years to support people and businesses through the pandemic and help spur the economic recovery. Apart from general cost/tax relief for businesses, the following items are relevant to the recreational boating industry:
• A new tax credit of up to 20% for Ontario residents who spend on tourism within the province in 2021, the “year of the Ontario staycation”;
• Connecting workers in the tourism and hospitality sector and others most affected by the pandemic, to training and jobs with an investment of $180.5 million over 3 years, including a skilled trades strategy, an additional $100 million of dedicated investments through Employment Ontario for skills training, a redesigned Second Career program, and $59.5 million to acquire in-demand skills;
• Investing one-time funding of $6 million to electrify more campsites, and revitalize and expand the number of roofed accommodations
As well, a reminder that the Ontario Made product database is now up and running with 1,500 manufacturers and over 6,000 products. Ontario Made is a government-sponsored initiative, spearheaded by Canadian Manufacturers & Exporters (CME), aimed at showcasing companies that make products in Ontario. There is no cost to register and it’s free publicity for your business — please visit this link to learn more.