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2022 Ontario budget summary

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Budget Summaries
2022 Ontario budget summary

Budget 2022

2022 Ontario budget summary

29 Apr 20221 min read

Contents

On April 28, 2022, Finance Minister Peter Bethlenfalvy tabled Ontario’s 2022-2023 budget (ON Budget 2022). 

ON Budget 2022 shows that the province projects a deficit of $13.5 billion for the 2021-2022 fiscal year, compared to a $33.1 billion deficit projected for the same fiscal year in the previous budget. 

The province projects a deficit over the next three years as follows: 

Year	Projected surplus/(deficit)
2022-23	($19.9 billion)
2023-24	($12.3 billion)
2024-25	($7.6 billion)

2022 Ontario budget summary

Read our full Ontario budget summary 

Download PDF [515 kb]

Visit our Budget 2022 hub to learn more about all federal and provincial budgets.

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Armando Minicucci

Partner, Tax Services Mississauga

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Kim Toskovich

Partner, Tax Services Thunder Bay

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2022 Ontario budget summary

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