Reports

The FAO produces regular reports analyzing the state of the Province's finances, trends in the provincial economy and estimates of the financial impact of bills or other proposals over which the Legislature has jurisdiction.

  • Oct 30, 2019

    This report reviews the Province’s commitment to create 15,000 new long-term care beds. The report explains how long-term care is funded by the Province, estimates the cost of the long-term care bed expansion commitment, projects changes to the long-term care wait list and wait times, and discusses the potential impact on “hallway health care.”

  • Sep 26, 2019

    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.

  • Sep 24, 2019

    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.

  • Jul 29, 2019

    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.

  • May 27, 2019

    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.

  • May 22, 2019

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

  • Mar 6, 2019

    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.

  • Feb 26, 2019

    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.

  • Jan 31, 2019

    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.

  • Dec 10, 2018

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

  • Oct 16, 2018

    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.

  • Jul 24, 2018

    The FAO’s 2017-18 annual report summarizes the FAO’s activities in support of all members of the Legislative Assembly undertaken during the 2017-18 fiscal year.

  • May 2, 2018

    This report provides the FAO’s assessment of the province’s medium-term economic performance and fiscal position, and the reasonableness and risks associated with the government’s fiscal recovery plan.

  • Apr 30, 2018

    This report provides a financial analysis of the OLG’s gaming expansion and sale of the Greater Toronto Area Gaming Bundle.

  • Apr 30, 2018

    This report reviews how the Province measures the effectiveness of its business support programs.

  • Apr 18, 2018

    This report provides a financial assessment of the effect of the Ontario-Quebec Electricity Trade Agreement on Ontario ratepayers and reviews the impact of the ETA on natural gas generation and electricity sector greenhouse gas emissions.

  • Mar 14, 2018

    This report provides an updated assessment of the Province’s health sector expense plan,  and compares Ontario’s planned health spending to the growth in Ontario’s key drivers of health care costs.

  • Feb 12, 2018

    This report provides an updated estimate of the fiscal impact of the partial sale of Hydro One and reviews key considerations surrounding the sale, such as the potential effect on electricity ratepayers in Ontario.

  • Dec 11, 2017

    This report provides an updated Economic and Fiscal Outlook for Ontario based on developments since the release of the FAO’s spring outlook on May 31, 2017.

  • Nov 21, 2017

    This report is an assessment of the financial risks Ontario electricity ratepayers and the Province of Ontario face as a result of the Province’s plan to secure a long-term supply of electricity generation by refurbishing nuclear reactors at the Bruce and Darlington Nuclear Generating Stations and extending the life of the Pickering Nuclear Generating Station.

  • Oct 19, 2017

    This report assesses the budget implications of maintaining Ontario’s current fiscal structure through three decades of demographic transition.

  • Jul 13, 2017

    The FAO’s 2016-17 annual report describes the FAO’s activities in support of the Legislative Assembly’s performance of its constitutional functions, especially financial scrutiny, and discusses the FAO’s improved access to government information.

  • May 31, 2017

    The FAO’s Economic and Fiscal Outlook provides an assessment of Ontario’s current economic outlook and the state of the provincial government’s finances.

  • May 24, 2017

    This report analyzes the impact of Ontario’s Fair Hydro Plan on electricity ratepayers and Provincial finances over the next 29 years. Overall, the FAO estimates that Ontario’s Fair Hydro Plan will cost the Province $45 billion and provide $24 billion in savings to electricity ratepayers - for a total net cost to Ontarians of $21 billion.

  • Jan 10, 2017

    This report analyzes how the Province plans to achieve the health sector expense targets in the 2016 Ontario Budget, and investigates whether the low health sector expense growth rate required to achieve the targets is sustainable after 2018-19. As part of the analysis, the report reviews how the Province slowed the growth rate of health sector expense starting in 2012-13.

  • Nov 23, 2016

    This report analyzes the fiscal impact of cap and trade, i.e. how cap and trade will impact the Province’s projected surplus/deficit. Under cap and trade, the Province would sell allowances to emit greenhouse gases. It would then spend the funds raised on initiatives to further reduce greenhouse gas emissions.

  • Nov 3, 2016

    This report provides an updated Economic and Fiscal Outlook for Ontario based on developments since the release of the FAO’s spring outlook on May 18, 2016.

  • Jul 26, 2016

    The FAO’s 2015-16 annual report describes the FAO’s activities during the office’s first full year of work and examines the unexpected challenges the FAO has faced in accessing information. 

  • May 18, 2016

    The FAO’s Economic and Fiscal Outlook is released each spring and fall, providing an assessment of Ontario’s medium-term economic and fiscal outlook.

  • Nov 4, 2015

    This report is the FAO’s first review of the current economic outlook and the state of the provincial government’s finances.

  • Oct 29, 2015

    The report looks at a number of key questions surrounding the partial sale of Hydro One, such as how much the Province can expect in proceeds, and the sale’s impact on the province’s budget and net debt.

  • Jul 31, 2015

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

  • Jun 15, 2015

    The FAO’s initial Two-Year Operating Plan for 2015-16 and 2016-17 provides an overview of the principles that guide our organization, as well as our objectives.