2026 Ontario Budget: A Plan to Protect Ontario

March 26, 2026

In the midst of tariffs and global economic uncertainty, our government continues to deliver on our plan to protect Ontario by building the most competitive, resilient and self-reliant economy in the G7, including through significant tax cuts, such as the small business tax cut, in the next phase of Ontario’s Tax Action Plan. 

The 2026 Budget furthers our plan to attract jobs and investment, lower costs for workers and businesses, keep life affordable for families and individuals and make targeted investments in key public services that support the province’s long-term prosperity.

While other provinces and the federal government have made significant funding cuts, reductions in the size of the civil service or increased taxes, Ontario’s 2026 Budget continues to increase funding for key priorities like infrastructure, health care and education, while providing substantial tax relief to make life more affordable for Ontario families, increase competitiveness and spur investment and job creation in the province.

Ontario is navigating economic challenges with a pragmatic and prudent fiscal plan while retaining a path to a balanced budget.

To help the province navigate these times and come out stronger, we are investing in strategic priorities such as energy, critical minerals, key infrastructure, and critical technologies that will make our economy stronger, while cutting red tape and creating the conditions for business to grow, while supporting workers and strengthening Ontario’s economy.