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Unemployment in Ontario is the measure indicating the number of Ontarians "without work, are available for work, and are actively seeking work". [1] The rate of unemployment is measured by Statistics Canada using a Labour Force Survey. In September 2018 approximately 452,900 people were deemed unemployed in Ontario.
The Employment and Social Insurance Act ( French: Loi sur le placement et les assurances sociales) was a statute enacted by the Parliament of Canada in 1935 during the final months of the government of R.B. Bennett. The Act was intended to introduce a nationwide employment insurance scheme, and also to convince voters that Bennett was willing ...
Economics. Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
Social programs in Canada ( French: programmes sociaux) include all Canadian government programs designed to give assistance to citizens outside of what the market provides. The Canadian social safety net includes a broad spectrum of programs, many of which are run by the provinces and territories. Canada also has a wide range of government ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976.
In 2020, the minimum wage was increased by $1.00 in lieu of indexation. There were early increases of $0.25 on October 1, 2022 and $0.50 on October 1, 2023. Each October 1 (resumed in 2020), based on Ontario CPI for the previous calendar year. [21] There was an additional increase of $0.65 on January 1, 2022.
Modifications to existing programs. Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, and personal income tax deadlines for 2019 were extended.
The economic impact of immigration is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP and 2) higher immigration levels decrease GDP per capita or living standards for the resident population and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities, deteriorating environment ...