Brampton Board of Trade
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The 2024 Ontario Budget: What’s in it for Brampton?

On Tuesday March 26th, The Honourable Minister Peter Bethenfalvy tabled the 2024 Budget for Ontario. The budget projects an additional $9.8 billion in spending in the coming fiscal year. Here are some highlights from the budget that are relevant to Brampton:  

Public Transit and Highways 

  • Investing $67.5 billion over 10 years for public transit including extending Hazel McCallion Light Rail Transit (LRT) into downtown Brampton and planning Mississauga loop,  
  • Using measures introduced in the Building Transit Faster Act, 2020 to declare the Hazel McCallion Line extensions as priority transit projects, 
  • Supporting future all-day GO train service for Brampton through Bramalea GO enhancements, 
  • Investing $27.4 billion over 10 years to support the planning and construction of highway expansion and rehabilitation projects across the province, including Highway 413, a new 400series highway and transportation corridor across Halton, Peel and York Regions, 

Workforce development and job creation

  • Investing an additional $100M investment through the Skills Development Fund, and an additional $49.5M over three years for the Skilled Trades Strategy, to attract younger Ontarians into skilled trades, 
  • Magna International investing $471 million, creating over 1,000 jobs for the new EV battery enclosure facility in Brampton,


  • Quadrupling the HousingEnabling Water Systems Fund to total $825 million (up from $200 million) to invest in municipal water infrastructure projects that would enable new housing, 

Mental Health

  • Investing an additional $152M over three years towards supportive housing, $396M in mental health supports through mobile health units, and $60M to Indigenous mental health, 
  • Expanding Youth Wellness Hub network to five additional hubs, one of which will be in Brampton. 

Read the full press release here. 

Upcoming Events

The Brampton Board of Trade has developed a dynamic series of events tailored to the needs of Brampton businesses. Whether it’s to recognize the individual and collective success of Brampton businesses or to share best practices in a webinar or workshop, our events are designed to connect Brampton’s business community and foster your growth and development.

With ongoing forums, networking events, and Signature events such as our Business Excellence Awards, another event is always around the corner.

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