Summary
On April 27, 2017, the Government of Ontario released the 2017
Ontario Budget, which outlined several spending objectives related
to supporting the technology sector. Following from key investments
announced in the 2016 budget, Ontario has reinforced its support
for developing and transitioning to a technology-driven and
knowledge-based economy by increasing funds allocated to the
Business Growth Initiative by $250 million for a total of $650
million. When presenting the budget, Ontario's Minister of
Finance, Hon. Charles Sousa, emphasized Ontario's commitment to
supporting the technology sector stating, "technology is
changing every sector of our economy...and we are helping Ontario
stay ahead of the pack." The province also announced that it
will be specifically supporting and collaborating with the
financial services and FinTech sectors, the details of which will
soon be announced.
