Ontario's Economy Is on Five-Year 'Path to Balance,' Finance Minister Says

The transcript discusses Ontario's efforts to promote itself as a business-friendly province, highlighting positive feedback from US investors. Despite economic challenges, Ontario offers incentives like accelerated capital cost and reduced hydro rates to attract businesses. The province's diversified economy and transparent fiscal path are emphasized as key investment attractions. Although there was a campaign promise to lower corporate taxes, the government opted for immediate relief through accelerated capital cost, providing significant financial relief to corporations.

What is the main message Ontario is promoting to US investors?

• Ontario is increasing taxes.

• Ontario is reducing its workforce.

• Ontario is open for business and jobs.

• Ontario is closing its borders.

What economic growth rate is Ontario forecasting for the next year?

• 2.0%

• 1.6%

• 1.0%

• 2.5%

Which of the following is NOT part of Ontario's incentive package for businesses?

• Increasing corporate taxes

• Lowering hydro rates

• Accelerated capital cost allowance

• Red tape reduction

What aspect of Ontario's economy is highlighted as a reason for investment?

• Its reliance on a single industry

• Its shrinking population

• Its diversified economy

• Its high tax rates

How did Ontario provide immediate relief to corporations?

• By increasing corporate taxes

• Through accelerated capital cost

• By reducing workforce

• By closing businesses