Category : Taxes and Other Revenue

Ontario Service Fees in 2017-18

This backgrounder includes a list of 2017-18 service fee rate changes, a discussion of the growth rate of service fee revenue, and a review of the cost recovery ratios for a selection of service fee categories.

Optimistic Revenue Projection Underpins Government’s Balanced Budget Plan

The 2017 Ontario Budget projects balanced budgets beginning in 2017-18 and continuing over the next two years. Given the government’s spending plans, maintaining a balanced budget relies critically on an optimistic revenue forecast – and in particular, on very strong growth in tax revenues. However, there appears to be significant downside risk to the government’s forecast.

The Impact of a Housing Market Correction on Ontario’s Fiscal Position

The Impact of a Housing Market Correction on Ontario’s Fiscal Position provides the FAO’s assessment of risk to Ontario’s finances from a potential housing market correction.

Understanding Provincial Cash Flows

The annual deficit is a headline number in the Provincial budget and Public Accounts, as well as in the Financial Accountability Officer’s own Economic and Fiscal Outlook. However, this number is not a cash concept. Rather, it is based on accrual accounting. This commentary reviews the importance of understanding cash flow and how the different sources and uses of Provincial cash have changed over time.

Ontario Service Fees in 2016-17

The Province forecasts that it will collect $2.74 billion in service fee revenue in 2016-17. This backgrounder provides a partial list of changes to Provincial service fee rates planned for 2016-17 and includes a discussion of the growth rate of service fee revenue. Service fee revenue has increased by an average of 6.8% a year since 2011-12, largely due to the increase in revenue from vehicle and driver registration fees.