New Competitiveness Measures will Help Oakville North-Burlington Businesses Create Jobs
January 5, 2019
[Oakville North-Burlington] – Ontario’s government for the people is starting the New Year with labour reforms that foster economic growth and competitiveness while making Ontario open for business. The new measures that came into effect on January 1, 2019 include:
- Cutting Workplace Safety and Insurance Board (WSIB) premiums by $1.45 billion. This immediate injection into our economy translates into an average WSIB premium rate cut of nearly 30% for businesses across Ontario
- Keeping the minimum wage at $14 on January 1, 2019. This saves thousands of jobs across Ontario as the Financial Accountability Office of Ontario estimated the $15 minimum wage would eliminate 50,000 jobs. Annual minimum wage increases, tied to inflation, will resume next year in 2020.
- Preserving the flexibility of workers and job creators to decide workplace schedules without unnecessary regulation from Queen’s Park.
“Our government is working harder, smarter and more efficiently to make life better for the people of Ontario,” said Laurie Scott, Minister of Labour. “Our reforms put more money back into the economy, so job creators can invest in new equipment and create good jobs.”
“These reforms are going to help businesses expand here in our community,” said Effie Triantafilopoulos, MPP for Oakville North-Burlington. “With all of the residential growth our communities are seeing, these reforms will ensure there is ample opportunity for our families to find jobs, set their roots, and grow here in Oakville North-Burlington.”
This swift action signals our government’s readiness to continue working to make Ontario the economic driver of Canada, creating one of the most dynamic labour markets in North America.
We are committed to bringing prosperity back to communities like ours so that businesses can grow, create better paying jobs and contribute to a strong labour market that is sustainable for future generations. Our government was given a mandate by the people of this province to build an economy that benefits every Ontarian.