ON releases 2023 budget with investments in trades, reskilling, health & veterinary medicine


The Government of Ontario has released its $204B 2023 Budget. CBC reports that 5.9% of the budget for 2023-24 has been allocated to the postsecondary sector. Over the next decade, the budget’s capital plan includes $5.4B for the postsecondary sector, which includes $2B in capital grants to support the modernization of classrooms, critical repairs, and improved environmental sustainability. Other key investments over the next three years include $75M for the Skilled Development Fund, $32.4M to build research internships through Mitacs, $15M to support reskilling through Better Jobs Ontario, $5M over three years for micro-credential projects, and $3.3M to expand access to healthcare related dual credit opportunities. The province is also investing $14.7M over two years to launch a collaborative Doctor of Veterinary Medicine program with the University of Guelph and Lakehead University, which will provide seats for 20 new students each year.

ON | Lakehead | Net News Ledger