ONTARIO TABLES 2020 PROTECT, SUPPORT, RECOVER PANDEMIC BUDGET
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.
