Image used for representative purposes (Photo credit: Bank of Canada X handle)
The
Ontario government
has begun distributing $200 cheques to
eligible taxpayers
in an effort said to to address the rising cost of living.
Ontario finance minister Peter Bethlenfalvy stated in an interview on CP24 Breakfast, "Many people are struggling to pay the bills. So we thought it was very important to put some money, their money, taxpayers' money back at a time when we've got
financial strength
and when people could use, families could use a few extra dollars."
The province cited the federal
carbon tax
, high interest rates, and global economic uncertainty as reasons for the rebates.
Eligible Ontario residents who were at least 18 years old at the end of 2023 and filed their 2023 income tax return by the end of last year will receive the cheques. Families who qualify for the
Canada Child Benefit
(CCB) payment will also receive an additional $200 for each eligible child under 18. The rebates, announced by Premier
Doug Ford
in October, will cost the provincial government $3 billion, according to CTV News report.
Opposition leaders have criticised the move as a "gimmick" to bribe voters with their own money. Liberal Leader Bonnie Crombie suggested that an income tax cut would provide more meaningful relief. Residents can track their cheques online to see when they will arrive.
Speculation is growing that Ford may call an early election instead of waiting until the scheduled date in June 2026.
Meanwhile, addressing the tariff threat from US President-elect Donald Trump, Bethlenfalvy stated that "all options" remain under consideration regarding Ontario's course of action.