Ontario budget jacks up cost of living

Ontario budget jacks up cost of living

“It’s going to cost you more to drive, your groceries are going to cost you more, your home heating is going to cost you more, your education is going to cost you more, your drinking is going to cost you more, your smoking is going to cost you more,” Don Carson, a chartered professional accountant with MNP, told the Toronto Sun. “If you are a lower-income family there might be more direct government assistance.”

The budget is “all about tax increases” — $220 million more this year, $445 million more next year and $665 million more in 2018-19, not counting already announced increases to things like driver’s licences and cap-and-trade fees, Carson said.

The Ontario government estimates the average household will pay $156 more in 2017 on energy costs alone as a result of the implementation of a cap-and-trade system that charges most large industrial polluters for carbon emissions, driving up the price of fuels like gasoline and natural gas.

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