Provincial Long-Term Report on the Economy

Ontario Ministry of Finance

The Long-Term Report on the Economy projects the province's population will grow from 14 million today to 17.8 million by 2040. This growth will significantly increase the demand for health care services, schools, transit and improved roads and bridges.

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The provincial actions to help various groups include:

  • Making college and university free for more than 210,000 students starting this September -- and more affordable for students and families across the province through the Ontario Student Assistance Program.
  • Supporting new opportunities for youth, women, Indigenous peoples, people with disabilities and seniors.
  • Making the largest infrastructure investment in hospitals, schools, public transit, roads and bridges in the province's history. According to a forthcoming study by the Centre for Spatial Economics, every dollar invested in infrastructure results in an increase of nearly $6 in real GDP over the long-term.
  • Maintaining a competitive tax environment through business tax reforms that have included Corporate Income Tax rate cuts and eliminating the Capital Tax.