Skills Development Fund

To help Ontario workers gain in-demand skills and practical hands-on experience, the government is expanding the Skills Development Fund by $955 million over three years starting in 2025–26.

This includes $705 million in new funding through the upcoming 2025 Ontario Budget to train more workers through the SDF Training Stream, building on the additional $100 million announced in January 2025. These funds will support more projects that will help build Ontario and protect workers and jobs in industries expected to face pressures from U.S. tariffs, including manufacturing and health care.

Through the upcoming 2025 Ontario Budget, the government is also providing $150 million over three years starting in 2025–26 to support increased demand in the SDF Capital Stream. This investment will help more organizations build, expand and retrofit their training facilities to deliver better training programs and help more workers get better jobs and bigger paycheques.

Ontario Made Manufacturing Investment Tax Credit

The government is enhancing and expanding the Ontario Made Manufacturing Investment Tax Credit, providing an additional $1.3 billion over three years to help lower costs for businesses that invest in buildings, machinery and equipment that are used for manufacturing or processing in Ontario.

The proposed changes, part of the upcoming 2025 Ontario budget, would take the Ontario Made Manufacturing Investment Tax Credit rate for Canadian-controlled private corporations from 10 per cent to 15 per cent as well as expanding eligibility to non-Canadian-controlled private corporations as a non-refundable tax credit, to support their investments here in Ontario. With these changes a qualifying corporation could receive a tax credit of up to $3 million per year.