Bill 126 explained in plain English
Plan to Build Act (Budget Measures), 2022
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 42nd Parliament, 2nd Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill 126 implements various Ontario budget measures including changes to transit operations, insurance fraud oversight, corporate naming, borrowing authority, and tax credits.
Bill 126, called the Plan to Build Act (Budget Measures), 2022, makes changes to several Ontario laws and programs. It allows the Toronto Transit Commission (TTC) to enter agreements with municipalities to operate parts of their transit systems. It requires insurance companies to report information about auto insurance fraud to help detect it. It renames the Ontario Capital Growth Corporation to Venture Ontario. It authorizes Ontario to borrow up to $24.2 billion. It changes Ontario's income tax credit for low-income workers from a maximum of $850 to $875. It extends the time period for the book publishing tax credit. It extends the regional opportunities investment tax credit timeline. It creates a new Ontario seniors care at home tax credit for eligible seniors (maximum $1,500 per year based on medical expense deductions). It also removes the requirement that the Workplace Safety and Insurance Board have its main offices in Toronto.
- Allows the Toronto Transit Commission to enter agreements with municipalities or local boards to operate and maintain parts of their local transit systems within the City of Toronto
- Requires insurers to provide information about automobile insurance fraud to the Chief Executive Officer or a designated agency to help assess and detect fraud
- Changes the name of the Ontario Capital Growth Corporation to Venture Ontario
- Authorizes Ontario to borrow up to $24.2 billion to pay debts, obligations, or expenses required by law
- Increases the maximum low-income individuals and families tax credit from $850 to $875 for tax years ending after December 31, 2021
- Changes the Ontario book publishing tax credit to apply only to literary works published before 2020 (removing the exemption for 2020 and 2021)
- Extends the regional opportunities investment tax credit to cover property that becomes available for use up to December 31, 2023 (previously December 31, 2022)
- Creates a new Ontario seniors care at home tax credit for eligible seniors based on medical expense deductions (maximum $1,500 per year)
- Removes the requirement that the Workplace Safety and Insurance Board maintain its main offices in Toronto
- The Toronto Transit Commission and Ontario municipalities/local boards that may enter transit system agreements
- Insurance companies and auto insurance customers (through fraud detection measures)
- Low-income Ontario workers (through the increased tax credit)
- Ontario seniors aged 69 and over with medical expenses (through the new care at home tax credit)
- Book publishers (through changes to the publishing tax credit)
- Businesses claiming the regional opportunities investment tax credit
- The Workplace Safety and Insurance Board (through removal of the Toronto office requirement)
- Ontario taxpayers and the provincial government (through the borrowing authorization)
- Insurance companies must provide auto insurance fraud information to designated officials as required by Authority rules
- The Toronto Transit Commission may enter agreements with municipalities to operate parts of their transit systems
- Eligible seniors may claim the Ontario seniors care at home tax credit if they meet age and residency requirements
- Ontario may borrow up to $24.2 billion under the new Ontario Loan Act, 2022
- Low-income workers may claim the increased income tax credit of up to $875
- The Workplace Safety and Insurance Board is no longer required to maintain offices in Toronto
- Most provisions come into force on the date Bill 126 receives Royal Assent
- Some provisions (Schedules 1 and 2) come into force on a day to be named by proclamation of the Lieutenant Governor
- Low-income tax credit changes apply to taxation years ending after December 31, 2021
- Ontario seniors care at home tax credit applies to taxation years ending after December 31, 2021
- Regional opportunities investment tax credit extended to December 31, 2023
- Borrowing orders under the Ontario Loan Act must be issued by December 31, 2024
- Money may be borrowed under previously issued orders until December 31, 2025
- Authorization to borrow up to $24.2 billion for Ontario's debts and authorized expenses
- Increase in the low-income individuals and families tax credit from $850 to $875 per year for eligible workers
- Creation of a new Ontario seniors care at home tax credit worth up to $1,500 per year for eligible seniors
- Extension of the regional opportunities investment tax credit to December 31, 2023
- Changes to the Ontario book publishing tax credit eligibility (narrower application to pre-2020 works)
- Insurers must comply with Authority rules regarding collection and provision of auto insurance fraud information
- An individual is deemed to have nil Ontario seniors care at home tax credit if they declare bankruptcy during the tax year
- The exact details of what auto insurance fraud information insurers must provide are to be prescribed by Authority rules, which are not included in this bill text
- Schedules 1 and 2 do not have fixed commencement dates; they will come into force on dates to be named by the Lieutenant Governor
- The Ontario seniors care at home tax credit amount varies based on individual medical expense deductions and income levels; the exact calculation depends on personal tax circumstances
- The bill does not specify what conditions or agreements will be required for TTC transit service agreements with municipalities
- The bill text does not provide details on how Ontario will specifically use the $24.2 billion in authorized borrowing
Allows the TTC to enter agreements with municipalities or local boards to operate and maintain parts of their transit systems. These agreements are not considered a sale or contracting out under labour relations law.
Requires insurers to provide auto insurance fraud information to designated officials or agencies. Authorizes collection and use of personal information for fraud detection. Makes technical updates to French language versions.
Changes the corporation's name from Ontario Capital Growth Corporation to Venture Ontario (or Croissance Ontario in French).
New law that authorizes Ontario to borrow up to $24.2 billion to pay existing debts and expenses. Orders to borrow must be issued by December 31, 2024, though money may be borrowed after that date under previously authorized orders until December 31, 2025.
Updates the low-income tax credit to $875 maximum for 2022 and later. Modifies the book publishing tax credit rules. Extends the regional opportunities investment tax credit deadline. Creates a new Ontario seniors care at home tax credit for eligible seniors earning below certain thresholds.
Removes the requirement that the Workplace Safety and Insurance Board keep its main offices in Toronto.
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textProcess Snapshot
Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced