Over the last 15 years, the province has run 14 budget deficits.
ontario's debt
February 26, 2024
5:00AM
November 15, 2023
9:08AM
According to the government’s new projections, the deficit will be $5.6 billion—quadruple what it projected earlier this year.
July 5, 2023
1:00AM
March 23, 2023
2:52PM
The budget projects a deficit of $1.3 billion this year.
March 20, 2023
8:00AM
The province's government debt burden equals 38.7 per cent of the provincial economy.
March 14, 2023
3:30AM
At 53.53 per cent, the province has the third-highest top personal income tax rate in Canada and the United States.
December 7, 2022
9:30AM
Ontario’s net debt increased from $373.6 billion in 2020/21 to $380.4 billion in 2021/22.
December 2, 2022
10:21AM
The province holds $380.4 billion in debt—or nearly $26,000 per Ontarian.
November 15, 2022
1:28PM
The government plans to increase spending by 8.6 per cent.