The Ontario government has released its 2026 Fall Economic Statement, A Plan to Protect Ontario, outlining measures to support economic growth, investment and competitiveness amid ongoing trade uncertainty.
Key Takeaways for OGCA Members
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Infrastructure remains a priority, with the province reaffirming its $210 billion, 10-year capital plan for transportation, energy, housing-enabling and community infrastructure projects.
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Business investment incentives include the proposed Ontario Competitiveness Tax Cut, part of more than $12 billion in tax relief over five years intended to encourage capital investment and job creation.
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Regulatory modernization efforts continue, including commitments to streamline business permits, reduce approval timelines and accelerate critical infrastructure projects.
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An $8.7 billion Canada-Ontario action plan will support key sectors including steel, automotive manufacturing, critical minerals, energy, defence and strategic infrastructure.
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Ontario projects a return to a balanced budget by 2029-30, with economic growth forecast at 0.5 per cent in 2026 and 1.5 per cent in 2027.
OGCA Perspective
The Fall Economic Statement reinforces the province’s focus on infrastructure investment, industrial growth and regulatory reform. Commitments to accelerate approvals, support investment and advance major projects are positive developments for Ontario’s construction industry.
OGCA will continue to advocate for policies that improve project delivery, modernize procurement and support a strong, sustainable construction sector across the province.
