ontario's finances

3:30AM
Printer-friendly version
Ontario government’s rapid spending growth drives deficits and debt

The province’s $5.6 billion operating deficit is just the tip of the iceberg.


9:08AM
Printer-friendly version
Ontario government’s failure to restrain spending undermines ‘fiscal foundation’

According to the government’s new projections, the deficit will be $5.6 billion—quadruple what it projected earlier this year.


3:00AM
Printer-friendly version
Ontario's economic decline hurting household incomes

The province's median income increased by just 5.4 per cent—less than half the overall growth rate across Canada.


8:39AM
Printer-friendly version
Ontario government once again refuses to reduce taxes for workers and businesses

The budget plan lacks a comprehensive vision to enhance the province's competitiveness.


8:00AM
Printer-friendly version
To restore Ontario’s finances, Ford government must end carefree spending

The province's government debt burden equals 38.7 per cent of the provincial economy.


4:00AM
Printer-friendly version
Ford rejects Harris spending approach and follows path of Wynne and Rae

Ontario is approaching an all-time high in inflation-adjusted per-person spending.


9:30AM
Printer-friendly version
Ontario government’s spending habits belie claims of fiscal restraint

The province's spending is forecasted to be $29.4 billion higher than previously projected for 2022/23.


8:28AM
Printer-friendly version
Ontario government spent more than $70 billion on corporate welfare

Roughly half of all business income tax revenue collected by the province was sent back to select firms and industries.