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The Government is seeking feedback on its proposed approach for regulations under the Building Ontario Businesses Initiative Act, 2022.
Under the Building Ontario Businesses Initiative Act, 2022, which received Royal Assent in March 2022 but has not yet been proclaimed, public sector entities are required to give preference to Ontario businesses, in accordance with the regulations, when conducting procurement processes for prescribed goods and services at the value of which are under the prescribed threshold amounts.
The Government is considering making regulations to prescribe the circumstances in which public sector entities are required to give preference to Ontario businesses:
- Governing when a business is considered to be an “Ontario business” for the purpose of the Act;
- Prescribing the types of goods and services;
- Prescribing the threshold amounts; and
- Specifying the manner in which preference is to be given to Ontario businesses.
To view the proposed approach for regulations and to comment please visit the Proposed Approach for Regulations under the Building Ontario Businesses Initiative Act, 2022.
Comments are due by August 8, 2023.