Publications

Annual Report 2014-2015

The first annual report explains the work completed by the office since the FAO was appointed in March 2015.

Hydro One Information Request to the Ministries of Finance and Energy

The Financial Accountability Officer formally requested information from the Ministries of Finance and Energy to assist the FAO in analyzing the fiscal impact of the planned divestiture of up to 60 per cent of the Government of Ontario’s Hydro One equity holdings.

2018-19 Annual Report

The FAO’s 2018-19 annual report summarizes the FAO’s activities in support of all members of the Legislative Assembly undertaken during the 2018-19 fiscal year.

Assessing the Impact of an Economic Downturn on Ontario’s Finances

This commentary assesses the impact of an economic downturn on the government’s budget plan.

Expenditure Estimates 2019-20: Ministry of Health and Long-Term Care

This report provides an assessment of the Ministry of Health and Long-Term Care’s 2019-20 Expenditure Estimates to support the Standing Committee on Estimates in its annual review of ministries’ Expenditure Estimates.

Economic and Budget Outlook, Spring 2019

This report provides an assessment of Ontario’s current economic outlook and the state of the provincial government’s finances.

Comparing the LIFT Credit to a Minimum Wage Increase

This commentary compares the Low-income Individuals and Families Tax (LIFT) credit to the cancelled minimum wage increase from $14 per hour to $15 per hour. The commentary estimates the change to the Province’s budget balance and reviews the impacts to individuals and families.

Ontario Service Fees in 2018-19

This commentary presents a list of all service fees charged by the Province’s ministries and agencies, and identifies which service fee rates changed in 2018-19. The commentary also identifies the most commonly paid service fees, discusses the growth rate of service fee revenue, and examines how cost recovery rates have changed from 2017-18 to 2018-19 for a selection of service fee categories.

Ontario Health Sector: 2019 updated assessment of Ontario health spending

This report provides an updated financial assessment of the Province’s health sector and outlines the FAO’s medium-term projection for health spending in Ontario under current policies.

Expenditure Estimates: A Review of Ontario’s Proposed Spending Requirements for the 2018-19 Supply Bill

This report reviews the 2018-19 Expenditure Estimates and identifies key issues, including how the 2018-19 Expenditure Estimates compare to the government’s spending plan in the 2018 Ontario Economic Outlook and Fiscal Review. The report also reviews the largest programs funded through the Supply Bill and identifies spending trends and recent developments.

Comparing Ontario’s Fiscal Position with Other Provinces

This commentary provides an updated comparison of Ontario government revenue, spending, deficit and net debt with that of other provinces.

Ontario’s strong labour market performance continued in 2018

This commentary reviews Ontario’s labour market performance in 2018.

Income in Ontario: Growth, Distribution and Mobility

This report assesses trends since 2000 in the personal income of Ontarians across three broad areas: growth, distribution and mobility. It examines the growth in incomes for Ontario families, explores recent trends in market and after-tax income inequality, and discusses the evolution of relative income mobility and intergenerational income mobility in Ontario.

Economic and Budget Outlook, Fall 2018

This report provides the FAO’s assessment of the province’s medium-term economic performance and fiscal position.

Cap and Trade: A Financial Review of the Decision to Cancel the Cap and Trade Program

This report estimates the budgetary impact to the Province from ending the cap and trade program. The report also compares the financial impact on households and businesses of Ontario’s now cancelled cap and trade program against the federal government’s proposed carbon pricing plan.

Update on Ontario’s Credit Rating

Ontario’s debt is rated by four principal international credit rating agencies, based on their assessments of the province’s economic and financial outlook and future risks. These credit ratings represent the agencies’ opinions on the ability of Ontario to meet its debt-related financial obligations. This backgrounder provides an update on Ontario’s credit rating.