This report provides an assessment of the Ministry of Education’s 2019-20 Expenditure Estimates to support the Standing Committee on Estimates in its annual review of ministries’ Expenditure Estimates.
This report assesses the Ontario government’s new Childcare Access and Relief from Expenses (CARE) tax credit including the impact on the Province’s budget balance, the financial benefits it will provide to households, and its potential impact on Ontario’s labour market and broader economy.
This commentary assesses the impact of an economic downturn on the government’s budget plan.
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.
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.
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.
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 provides the FAO’s assessment of risk to Ontario’s finances from a potential housing market correction.
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.
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.