Targeting modest reforms

Ontario Budget 2019

Special Notice –  April 12, 2019

The Ontario government released its 2019 Budget, “Protecting What Matters Most” (Budget) on April 11, 2019. The Budget proposes to expand the eligibility for target benefit pension plans in the province and provides for a number of changes to health care for Ontarians, including streamlined services and aid for seniors, lower-income individuals, and children. Highlights of the Budget include:

• Initiatives in the pension plan sector, including changes to the criteria for target benefit
  pension plans;
• Health care measures, including a new dental care program for low-income seniors; and
• Other measures of interest, including support for low-income individuals and families.

This Special Notice provides a summary of the key Budget measures, and their impact on employer-sponsored pension and benefit plans.