Ontario Introduces Electricity Cost Relief
McGuinty Government Introduces New Measures to Help Ontario Families and Reduce Debt
November 18, 2010
“I am very pleased that our Government has listened to the people of Ontario and responded with a 10 per cent decrease in electricity on their bills. This along with other significant measures will help Ontarians as we come out of these challenging economic times.” – Michael Gravelle, MPP for Thunder Bay-Superior North
Michael Gravelle, MPP for Thunder Bay-Superior North is delighted to see the McGuinty government’s 2010 Fall Economic Statement introduced the Ontario Clean Energy Benefit (OCEB) which would provide a 10 per cent benefit to help consumers manage rising electricity prices for the next five years. The OCEB, which would help more than four million residential consumers and more than 400,000 small businesses and other consumers, would take effect on January 1, 2011.
This is just one of many investments the McGuinty government has made to help families through these lean economic times.
Other investments include:
- The Northern Ontario Energy Credit. This is a permanent tax credit that will help people in Northern Ontario with the higher energy costs they face. This credit provides up to $130 for a single person and up to $200 for a family (including single parents).
- The Children’s Activity Tax Credit will help parents with the cost of enrolling their children in activities that encourage them to be healthy and active. This is the only tax credit in Canada that provides for a broad range of children’s activities.
- The Ontario Senior Homeowners’ Property Tax Grant. This is an annual amount provided to help offset property taxes for seniors with low to middle incomes who own their own homes.
These measures, along with the 10 per cent decrease in the cost of electricity, will build on the government’s Open Ontario plan to create new jobs, boost economic growth and protect the progress Ontario families have made in their schools and hospitals.
