Summary
The Ministry of Finance manages the economic, fiscal, financial, and taxation policies and strategies of the Government of Ontario, and oversees the Province’s borrowing and debt management program. The ministry administers a number of tax statutes, tax credits and benefit programs, and produces the provincial budget. In conjunction with Treasury Board Secretariat, the ministry also manages the Consolidated Revenue Fund and fiscal and financial policies of the Government of Ontario, and reports on financial matters. The ministry also develops policies for Ontario’s financial services sector and supports the regulation of financial services institutions and intermediaries carrying on business in the province. In addition, the ministry manages Ontario’s fiscal relationship with the federal government, other provinces and Ontario’s municipalities, reports on the Trillium Trust, and oversees agencies accountable to the Minister of Finance.
Ministry program summary
Operating expense
| Vote |
Program |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1201 |
Ministry Administration Program |
$39,612,300 |
$40,679,100 |
($1,066,800) |
$35,870,235 |
| 1202 |
Agencies, Income Security and Pensions Policy Program |
$108,963,100 |
$100,675,600 |
$8,287,500 |
$101,924,101 |
| 1203 |
Economic, Fiscal, and Financial Policy Program |
$715,527,600 |
$1,108,311,100 |
($392,783,500) |
$1,727,942,643 |
| 1204 |
Financial Services Industry Regulation Program |
$2,489,600 |
$2,489,600 |
- |
$1,532,459 |
| 1209 |
Tax and Benefits Administration Program |
$435,627,600 |
$402,273,900 |
$33,353,700 |
$328,546,002 |
| 1210 |
Ontario Retirement Pension Plan Program |
$1,531,000 |
$14,000,000 |
($12,469,000) |
- |
| |
Total operating expense to be voted |
$1,303,751,200 |
$1,668,429,300 |
($364,678,100) |
$2,195,815,440 |
| |
Statutory appropriations |
|
|
|
|
| |
Treasury Program |
$11,307,428,600 |
$10,802,901,200 |
$504,527,400 |
$10,039,921,083 |
| |
Other statutory appropriations |
$50,805,629 |
$37,589,729 |
$13,215,900 |
$89,115,154 |
| |
Ministry total operating expense |
$12,661,985,429 |
$12,508,920,229 |
$153,065,200 |
$12,324,851,677 |
| |
Consolidation adjustment - Ontario Financing Authority |
$26,187,000 |
$25,679,000 |
$508,000 |
$22,362,000 |
| |
Consolidation adjustment - Ontario Securities Commission |
$105,256,100 |
$100,238,100 |
$5,018,000 |
$87,365,300 |
| |
Consolidation adjustment - Ontario Electricity Financial Corporation |
$521,079,400 |
$315,000,000 |
$206,079,400 |
($74,788,595) |
| |
Other adjustments - Financial Services Commission of Ontario |
$97,581,800 |
$106,440,100 |
($8,858,300) |
$86,373,183 |
| |
Consolidation adjustment - Treasury Program |
$585,680,300 |
$704,319,600 |
($118,639,300) |
$735,062,403 |
| |
Consolidation adjustment - Treasury Program - interest capitalization for other sectors |
($137,108,900) |
($97,120,800) |
($39,988,100) |
($140,101,419) |
| |
Total including consolidation & other adjustments |
$13,860,661,129 |
$13,663,476,229 |
$197,184,900 |
$13,041,124,549 |
Operating assets
| Vote |
Program |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1203 |
Economic, Fiscal, and Financial Policy Program |
- |
$87,000,000 |
($87,000,000) |
- |
| 1204 |
Financial Services Industry Regulation Program |
$1,000 |
$1,000 |
- |
- |
| 1209 |
Tax and Benefits Administration Program |
$400,000 |
$350,000 |
$50,000 |
$199,961 |
| 1210 |
Ontario Retirement Pension Plan Program |
- |
$1,000 |
($1,000) |
- |
| |
Total operating assets to be voted |
$401,000 |
$87,352,000 |
($86,951,000) |
$199,961 |
| |
Statutory appropriations |
$268,200,000 |
$28,200,000 |
$240,000,000 |
$27,247,649 |
| |
Ministry total operating assets |
$268,601,000 |
$115,552,000 |
$153,049,000 |
$27,447,610 |
Capital expense
| Vote |
Program |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1201 |
Ministry Administration Program |
$1,000 |
$1,000 |
- |
- |
| 1203 |
Economic, Fiscal, and Financial Policy Program |
$1,000 |
$1,000 |
- |
- |
| 1204 |
Financial Services Industry Regulation Program |
$1,000 |
$1,000 |
- |
- |
| 1208 |
Investing in Ontario Program |
$1,000 |
$1,000 |
- |
- |
| 1209 |
Tax and Benefits Administration Program |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense to be voted |
$5,000 |
$5,000 |
- |
- |
| |
Statutory appropriations |
|
|
|
|
| |
Trillium Trust Program |
$1,000 |
- |
$1,000 |
- |
| |
Other statutory appropriations |
$2,640,600 |
$2,640,600 |
- |
$2,637,609 |
| |
Ministry total capital expense |
$2,646,600 |
$2,645,600 |
$1,000 |
$2,637,609 |
| |
Consolidation adjustment - Ontario Financing Authority |
$881,000 |
$848,000 |
$33,000 |
$789,000 |
| |
Consolidation adjustment - Ontario Securities Commission |
$3,058,700 |
$2,913,100 |
$145,600 |
$2,702,000 |
| |
Total including consolidation & other adjustments |
$6,586,300 |
$6,406,700 |
$179,600 |
$6,128,609 |
Capital assets
| Vote |
Program |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1201 |
Ministry Administration Program |
$1,000 |
$1,000 |
- |
- |
| 1203 |
Economic, Fiscal, and Financial Policy Program |
$1,000 |
$1,000 |
- |
- |
| 1204 |
Financial Services Industry Regulation Program |
$4,868,700 |
$4,046,400 |
$822,300 |
$3,000,529 |
| 1209 |
Tax and Benefits Administration Program |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets to be voted |
$4,871,700 |
$4,049,400 |
$822,300 |
$3,000,529 |
| |
Statutory appropriations |
|
|
|
|
| |
Trillium Trust Program |
$1,000 |
- |
$1,000 |
- |
| |
Ministry total capital assets |
$4,872,700 |
$4,049,400 |
$823,300 |
$3,000,529 |
| |
Ministry total operating and capital Including consolidation and other adjustments (not including assets) |
$13,867,247,429 |
$13,669,882,929 |
$197,364,500 |
$13,047,253,158 |
Reconciliation to previously published data - operating expense
| Operating expense |
2015‑16 Estimates |
2014‑15 Actual |
| Total operating expense previously published footnote 1[1] |
$12,415,500,529 |
$12,280,255,551 |
| Government reorganization |
|
|
| Transfer of functions from other Ministries |
$93,419,700 |
$93,419,700 |
| Transfer of functions to other Ministries |
- |
($48,823,574) |
| Restated total operating expense |
$12,508,920,229 |
$12,324,851,677 |
Reconciliation to previously published data - operating asset
| Operating assets |
2015‑16 Estimates |
2014‑15 Actual |
| Total operating assets previously published footnote 2[2] |
$28,552,000 |
$707,706,294 |
| Government reorganization |
|
|
| Transfer of functions to other Ministries |
- |
($680,258,684) |
| Supplementary estimates |
|
|
| 2015-2016 supplementary estimates |
$87,000,000 |
- |
| Restated Total operating assets |
$115,552,000 |
$27,447,610 |
Ministry Administration Program - vote 1201
This program, which includes the Offices of the Minister, Associate Minister (Ontario Retirement Pension Plan), and Deputy Minister, delivers planning, advisory, legal, and controllership functions to ensure direction and management of operating programs consistent with Ontario Government policy and legislation. In addition, the program manages the service relationships with Treasury Board Secretariat and the Ministry of Government and Consumer Services, ensures proper levels of support to the ministry and its client groups, and strategically manages the ministry’s quality service commitments.
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1 |
Ministry administration |
$39,612,300 |
$40,679,100 |
($1,066,800) |
$35,870,235 |
| |
Total operating expense to be voted |
$39,612,300 |
$40,679,100 |
($1,066,800) |
$35,870,235 |
| S |
Minister’s salary, the Executive Council Act |
$47,841 |
$47,841 |
- |
$49,301 |
| S |
Minister without portfolio’s salary, the Executive Council Act |
$21,715 |
$21,715 |
- |
- |
| S |
Parliamentary assistant’s salary, the Executive Council Act |
$16,173 |
$16,173 |
- |
$16,667 |
| S |
Bad debt expense, the Financial Administration Act |
$1,000 |
$1,000 |
- |
- |
| |
Total statutory appropriations |
$86,729 |
$86,729 |
- |
$65,968 |
| |
Total operating expense |
$39,699,029 |
$40,765,829 |
($1,066,800) |
$35,936,203 |
Capital expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 3 |
Ministry administration |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense to be voted |
$1,000 |
$1,000 |
- |
- |
| S |
Amortization, the Financial Administration Act |
$1,000 |
$1,000 |
- |
- |
| |
Total statutory appropriations |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense |
$2,000 |
$2,000 |
- |
- |
Capital assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 2 |
Ministry administration |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets to be voted |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets |
$1,000 |
$1,000 |
- |
- |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
Amount |
| 1201-1 |
Ministry administration |
|
|
| |
Salaries and wages |
|
$17,620,600 |
| |
Employee benefits |
|
$2,536,000 |
| |
Transportation and communication |
|
$1,131,300 |
| |
Services |
|
$17,474,200 |
| |
Supplies and equipment |
|
$850,200 |
| |
Total operating expense to be voted |
|
$39,612,300 |
| |
Sub-items: |
|
|
| |
Main office |
|
|
| |
Salaries and wages |
$3,614,400 |
|
| |
Employee benefits |
$389,600 |
|
| |
Transportation and communication |
$305,400 |
|
| |
Services |
$353,700 |
|
| |
Supplies and equipment |
$77,200 |
$4,740,300 |
| |
Financial and administrative services |
|
|
| |
Salaries and wages |
$7,253,700 |
|
| |
Employee benefits |
$1,469,100 |
|
| |
Transportation and communication |
$428,200 |
|
| |
Services |
$7,303,300 |
|
| |
Supplies and equipment |
$353,900 |
$16,808,200 |
| |
Human resources |
|
|
| |
Salaries and wages |
$1,471,800 |
|
| |
Employee benefits |
$208,200 |
|
| |
Transportation and communication |
$35,200 |
|
| |
Services |
$179,500 |
|
| |
Supplies and equipment |
$64,800 |
$1,959,500 |
| |
Communications services |
|
|
| |
Salaries and wages |
$5,280,700 |
|
| |
Employee benefits |
$469,100 |
|
| |
Transportation and communication |
$73,600 |
|
| |
Services |
$291,400 |
|
| |
Supplies and equipment |
$164,100 |
$6,278,900 |
| |
Legal services |
|
|
| |
Transportation and communication |
$255,300 |
|
| |
Services |
$7,728,800 |
|
| |
Supplies and equipment |
$173,400 |
$8,157,500 |
| |
Audit services |
|
|
| |
Transportation and communication |
$33,600 |
|
| |
Services |
$1,617,500 |
|
| |
Supplies and equipment |
$16,800 |
$1,667,900 |
| |
Total operating expense to be voted |
|
$39,612,300 |
| |
Statutory appropriations |
|
|
| Statutory |
Minister’s salary, the Executive Council Act |
|
$47,841 |
| Statutory |
Minister without portfolio’s salary, the Executive Council Act |
|
$21,715 |
| Statutory |
Parliamentary assistant’s salary, the Executive Council Act |
|
$16,173 |
| |
Statutory appropriations |
|
|
| |
Other transactions |
|
|
| Statutory |
Bad debt expense, the Financial Administration Act |
|
$1,000 |
| |
Total operating expense for Ministry Administration Program |
|
$39,699,029 |
Capital expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1201-3 |
Ministry administration |
|
| |
Other transactions |
$1,000 |
| |
Total capital expense to be voted |
$1,000 |
| |
Statutory appropriations |
|
| |
Other transactions |
|
| Statutory |
Amortization, the Financial Administration Act |
$1,000 |
| |
Total capital expense for Ministry Administration Program |
$2,000 |
Capital assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1201-2 |
Ministry administration |
|
| |
Land and marine fleet - asset costs |
$1,000 |
| |
Total capital assets to be voted |
$1,000 |
| |
Total capital assets for Ministry Administration Program |
$1,000 |
Agencies, Income Security and Pensions Policy Program - vote 1202
This program includes pension and income security policy analysis, policy development and legislation. This program is responsible for tracking emerging trends and developments and identifying the economic and fiscal implications of pension and income security policies, and for advising and assisting the Deputy Minister of Finance, the Minister and the government in formulating major economic, fiscal and policy documents. This program is also responsible for facilitating the Minister’s oversight and accountability of the Liquor Control Board of Ontario, the Ontario Lottery and Gaming Corporation, including the horse-racing sector, and for managing the Ontario Deposit Return Program for beverage alcohol containers.
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 6 |
Income Security and Pension Policy |
$11,180,300 |
$4,308,000 |
$6,872,300 |
$6,169,964 |
| 7 |
Revenue agencies oversight |
$97,782,800 |
$96,367,600 |
$1,415,200 |
$95,754,137 |
| |
Total operating expense to be voted |
$108,963,100 |
$100,675,600 |
$8,287,500 |
$101,924,101 |
| |
Total operating expense |
$108,963,100 |
$100,675,600 |
$8,287,500 |
$101,924,101 |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
Amount |
| 1202-6 |
Income Security and Pension Policy |
|
|
| |
Salaries and wages |
|
$4,461,400 |
| |
Employee benefits |
|
$528,200 |
| |
Transportation and communication |
|
$37,000 |
| |
Services |
|
$1,107,900 |
| |
Supplies and equipment |
|
$44,800 |
| |
Transfer payments |
|
|
| |
Basic income pilot |
$5,000,000 |
|
| |
Transition fund |
$1,000 |
$5,001,000 |
| |
Total operating expense to be voted |
|
$11,180,300 |
| 1202-7 |
Revenue agencies oversight |
|
|
| |
Salaries and wages |
|
$2,912,500 |
| |
Employee benefits |
|
$360,700 |
| |
Transportation and communication |
|
$62,200 |
| |
Services |
|
$1,143,100 |
| |
Supplies and equipment |
|
$97,000 |
| |
Transfer payments |
|
|
| |
Horse Racing Partnership Funding Program |
|
$93,419,700 |
| |
Subtotal |
|
$97,995,200 |
| |
Less: recoveries |
|
$212,400 |
| |
Total operating expense to be voted |
|
$97,782,800 |
| |
Total operating expense for agencies, Income Security and Pensions Policy Program |
|
$108,963,100 |
Economic, Fiscal, and Financial Policy Program - vote 1203
This program develops and implements sound economic, tax and inter-governmental taxation and fiscal strategies to stimulate economic growth and job creation; forecasts, monitors and reports on the performance of the Ontario economy; provides expertise and advice on sound economic design of government initiatives; develops demographic forecasts for Ontario and its 49 census divisions; develops the policy and legislative framework for Ontario’s taxation and benefits systems and the financial services industry; develops and provides strategic oversight of and advice related to the government’s fiscal plan; assists the Minister of Finance and the government in formulating Ontario’s finance policy and strategies with respect to federal-provincial fiscal arrangements; develops, monitors and reports on the fiscal plan strategies and results for the province; provides analysis and advice regarding Ontario’s interest in, and regulation of, the provincial financial services sector and regulatory agencies, such as insurance, deposit taking and the capital markets, including the proposed Co-operative Capital Markets Regulatory System; and provides policy advice to clients, managers, and decision makers in the areas of fiscal and financial management. The program provides oversight and advice on provincial-municipal issues within the context of the Province’s fiscal plan, working closely with other ministries and municipal stakeholders. The program also advises on tax policies affecting Ontarians, including personal income tax policy, payroll tax policy, estate administration tax policy; corporate tax policy; commodity tax policy; and sales tax policy, assessment and property tax policy, grants to municipalities, and education property tax rates, as well as providing oversight of the property assessment system and the province’s main transfer payment to municipalities. In addition, the program reflects the transfer of dedicated electricity earnings from the province to the Ontario Electricity Financial Corporation.
This program assists the Minister, Deputy Minister of Finance and the government in formulating the fiscal plan and reporting the results of the Province through the Ontario Budget, Ontario Quarterly Finances, Ontario Economic Accounts, Economic Outlook and Fiscal Review, and Ontario’s Public Accounts. The program undertakes annual population projections for use in resource allocation and planning, leads preparation of the Long-term Report on the Economy and contributes to the Pre-Election Report on Ontario’s Finances required by the Fiscal Transparency and Accountability Act.
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1 |
Economic policy |
$12,719,300 |
$11,118,600 |
$1,600,700 |
$10,482,875 |
| 4 |
Financial Services Policy Division |
$4,577,700 |
$2,319,500 |
$2,258,200 |
$2,840,397 |
| 5 |
Provincial-local finance |
$23,707,500 |
$20,532,500 |
$3,175,000 |
$19,133,038 |
| 6 |
Municipal support programs |
$521,822,400 |
$568,722,400 |
($46,900,000) |
$647,067,400 |
| 8 |
Office of the budget |
$3,504,300 |
$2,239,400 |
$1,264,900 |
$2,239,400 |
| 23 |
Taxation policy |
$11,377,700 |
$11,377,700 |
- |
$8,087,700 |
| 12 |
Ontario Electricity Financial Corporation dedicated electricity earnings |
$137,818,700 |
$492,000,000 |
($354,181,300) |
$1,038,000,000 |
| - |
Expenses related to auto sector shares |
- |
$1,000 |
($1,000) |
$91,833 |
| |
Total operating expense to be voted |
$715,527,600 |
$1,108,311,100 |
($392,783,500) |
$1,727,942,643 |
| S |
Bad debt expense, the Financial Administration Act |
- |
- |
- |
$37,500,000 |
| S |
Guarantees and indemnities, the Financial Administration Act |
$1,000 |
$1,000 |
- |
- |
| S |
Payments under the Tax Increment Financing Act, 2006 |
$1,000 |
$1,000 |
- |
- |
| |
Total statutory appropriations |
$2,000 |
$2,000 |
- |
$37,500,000 |
| |
Total operating expense |
$715,529,600 |
$1,108,313,100 |
($392,783,500) |
$1,765,442,643 |
Operating assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| - |
Strategic assets – loans and investments |
- |
$87,000,000 |
($87,000,000) |
- |
| |
Total operating assets to be voted |
- |
$87,000,000 |
($87,000,000) |
- |
| |
Total operating assets |
- |
$87,000,000 |
($87,000,000) |
- |
Capital expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 14 |
Economic, Fiscal, and Financial Policy Program |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense to be voted |
$1,000 |
$1,000 |
- |
- |
| S |
Amortization, the Financial Administration Act |
$1,000 |
$1,000 |
- |
- |
| |
Total statutory appropriations |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense |
$2,000 |
$2,000 |
- |
- |
Capital assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 13 |
Economic, Fiscal and Financial Policy Program |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets to be voted |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets |
$1,000 |
$1,000 |
- |
- |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
Amount |
| 1203-1 |
Economic policy |
|
|
| |
Salaries and wages |
|
$8,876,100 |
| |
Employee benefits |
|
$1,093,600 |
| |
Transportation and communication |
|
$166,100 |
| |
Services |
|
$1,774,500 |
| |
Supplies and equipment |
|
$308,000 |
| |
Transfer payments |
|
|
| |
Grants in support of economic and financial services policy research |
|
$501,000 |
| |
Total operating expense to be voted |
|
$12,719,300 |
| 1203-4 |
Financial Services Policy Division |
|
|
| |
Salaries and wages |
|
$3,052,600 |
| |
Employee benefits |
|
$416,500 |
| |
Transportation and communication |
|
$51,500 |
| |
Services |
|
$1,011,500 |
| |
Supplies and equipment |
|
$45,600 |
| |
Total operating expense to be voted |
|
$4,577,700 |
| 1203-5 |
Provincial-Local finance |
|
|
| |
Salaries and wages |
|
$6,833,200 |
| |
Employee benefits |
|
$899,100 |
| |
Transportation and communication |
|
$223,000 |
| |
Services |
|
$15,637,200 |
| |
Supplies and equipment |
|
$115,000 |
| |
Total operating expense to be voted |
|
$23,707,500 |
| 1203-6 |
Municipal support programs |
|
|
| |
Transfer payments |
|
|
| |
Ontario Municipal Partnership Fund |
$505,000,000 |
|
| |
Special payments to municipalities |
$16,822,400 |
$521,822,400 |
| |
Total operating expense to be voted |
|
$521,822,400 |
| 1203-8 |
Office of the budget |
|
|
| |
Salaries and wages |
|
$2,767,300 |
| |
Employee benefits |
|
$321,800 |
| |
Transportation and communication |
|
$41,600 |
| |
Services |
|
$361,300 |
| |
Supplies and equipment |
|
$12,300 |
| |
Total operating expense to be voted |
|
$3,504,300 |
| 1203-23 |
Taxation policy |
|
|
| |
Salaries and wages |
|
$6,997,400 |
| |
Employee benefits |
|
$1,030,500 |
| |
Transportation and communication |
|
$211,900 |
| |
Services |
|
$2,933,800 |
| |
Supplies and equipment |
|
$204,100 |
| |
Total operating expense to be voted |
|
$11,377,700 |
| 1203-12 |
Ontario Electricity Financial Corporation dedicated electricity earnings |
|
|
| |
Other transactions |
|
|
| |
Electricity sector dedicated income |
|
$137,818,700 |
| |
Total operating expense to be voted |
|
$137,818,700 |
| |
Statutory appropriations |
|
|
| |
Other transactions |
|
|
| Statutory |
Guarantees and indemnities, the Financial Administration Act |
|
$1,000 |
| |
Statutory appropriations |
|
|
| |
Transfer payments |
|
|
| Statutory |
Payments under the Tax Increment Financing Act, 2006 |
|
$1,000 |
| |
Total operating expense for Economic, Fiscal, and Financial Policy Program |
|
$715,529,600 |
Capital expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1203-14 |
Economic, Fiscal, and Financial Policy Program |
|
| |
Other transactions |
$1,000 |
| |
Total capital expense to be voted |
$1,000 |
| |
Statutory appropriations |
|
| |
Other transactions |
|
| Statutory |
Amortization, the Financial Administration Act |
$1,000 |
| |
Total capital expense for Economic, Fiscal, and Financial Policy Program |
$2,000 |
Capital assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1203-13 |
Economic, Fiscal and Financial Policy Program |
|
| |
Land and marine fleet - asset costs |
$1,000 |
| |
Total capital assets to be voted |
$1,000 |
| |
Total capital assets for Economic, Fiscal, and Financial Policy Program |
$1,000 |
Financial Services Industry Regulation Program - vote 1204
The Financial Services Commission of Ontario (FSCO) regulates the province’s financial services sector, including insurance companies, health service providers for auto insurance, pension plans, credit unions, caisses populaires, mortgage brokers, agents and administrators, loan and trust companies, and co-operatives. FSCO also makes recommendations to the Minister of Finance on matters affecting these sectors. In addition, FSCO is responsible for the administration of the Motor Vehicle Accident Claims Fund (MVACF) which compensates people injured in automobile accidents in Ontario where there is no other insurance available to respond to the claim. FSCO is also responsible for the administration of the Pension Benefits Guarantee Fund (PBGF). The PBGF pays a minimum level of pension benefits if a plan is wound up with insufficient assets.
FSCO works with the Ministry of Finance, consumers and industry stakeholders to protect the public interest and enhance public confidence in the regulated sectors.
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1 |
Financial Services Commission of Ontario |
$2,488,600 |
$2,488,600 |
- |
$1,532,459 |
| 2 |
Motor Vehicle Accident Claims Fund |
$1,000 |
$1,000 |
- |
- |
| |
Total operating expense to be voted |
$2,489,600 |
$2,489,600 |
- |
$1,532,459 |
| S |
Bad debt expense, the Financial Administration Act |
$1,000 |
$1,000 |
- |
- |
| |
Total statutory appropriations |
$1,000 |
$1,000 |
- |
- |
| |
Total operating expense |
$2,490,600 |
$2,490,600 |
- |
$1,532,459 |
Operating assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 5 |
Financial Services Industry Regulation Program |
$1,000 |
$1,000 |
- |
- |
| |
Total operating assets to be voted |
$1,000 |
$1,000 |
- |
- |
| |
Total operating assets |
$1,000 |
$1,000 |
- |
- |
Capital expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 4 |
Financial Services Industry Regulation Program |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense to be voted |
$1,000 |
$1,000 |
- |
- |
| S |
Amortization, the Financial Administration Act |
$1,000 |
$1,000 |
- |
- |
| |
Total statutory appropriations |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense |
$2,000 |
$2,000 |
- |
- |
Capital assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 3 |
Financial Services Industry Regulation Program |
$4,868,700 |
$4,046,400 |
$822,300 |
$3,000,529 |
| |
Total capital assets to be voted |
$4,868,700 |
$4,046,400 |
$822,300 |
$3,000,529 |
| |
Total capital assets |
$4,868,700 |
$4,046,400 |
$822,300 |
$3,000,529 |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1204-1 |
Financial Services Commission of Ontario |
|
| |
Salaries and wages |
$42,292,500 |
| |
Employee benefits |
$11,250,000 |
| |
Transportation and communication |
$1,014,200 |
| |
Services |
$44,935,900 |
| |
Supplies and equipment |
$577,800 |
| |
Subtotal |
$100,070,400 |
| |
Less: recoveries |
$97,581,800 |
| |
Total operating expense to be voted |
$2,488,600 |
| 1204-2 |
Motor Vehicle Accident Claims Fund |
|
| |
Salaries and wages |
$2,323,300 |
| |
Employee benefits |
$348,500 |
| |
Transportation and communication |
$88,600 |
| |
Services |
$7,640,500 |
| |
Supplies and equipment |
$174,400 |
| |
Subtotal |
$10,575,300 |
| |
Less: recoveries |
$10,574,300 |
| |
Total operating expense to be voted |
$1,000 |
| |
Statutory appropriations |
|
| |
Other transactions |
|
| Statutory |
Bad debt expense, the Financial Administration Act |
$1,000 |
| |
Total operating expense for Financial Services Industry Regulation Program |
$2,490,600 |
Operating assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1204-5 |
Financial Services Industry Regulation Program |
|
| |
Deposits and prepaid expenses |
$1,000 |
| |
Total operating assets to be voted |
$1,000 |
| |
Total operating assets for Financial Services Industry Regulation Program |
$1,000 |
Capital expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1204-4 |
Financial Services Industry Regulation Program |
|
| |
Other transactions |
$1,000 |
| |
Total capital expense to be voted |
$1,000 |
| |
Statutory appropriations |
|
| |
Other transactions |
|
| Statutory |
Amortization, the Financial Administration Act |
$1,037,800 |
| |
Less: recoveries |
$1,036,800 |
| |
Total capital expense for Financial Services Industry Regulation Program |
$2,000 |
Capital assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1204-3 |
Financial Services Industry Regulation Program |
|
| |
Information technology hardware |
$760,000 |
| |
Business application software - salaries and wages |
$1,389,900 |
| |
Business application software - employee benefits |
$309,300 |
| |
Business application software - asset costs |
$2,409,500 |
| |
Total capital assets to be voted |
$4,868,700 |
| |
Total capital assets for Financial Services Industry Regulation Program |
$4,868,700 |
Investing in Ontario Program - vote 1208
The Investing in Ontario program has responsibility for the distribution of all or part of the consolidated surplus for a fiscal year (reduced by any allocation to the reduction of the accumulated deficit that may be prescribed by regulation) to eligible recipients for the purposes, and in the manner as may be prescribed by regulation. Eligible recipients must also be prescribed by regulation and may only include entities, other than individuals, that do not carry on their activities for the purposes of gain or profit.
Vote summary
Capital expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1 |
Investing in Ontario |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense to be voted |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense |
$1,000 |
$1,000 |
- |
- |
Standard account by item and sub-items
Capital expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1208-1 |
Investing in Ontario |
|
| |
Transfer payments |
|
| |
Investing in Ontario Act, 2008 |
$1,000 |
| |
Total capital expense to be voted |
$1,000 |
| |
Total capital expense for Investing in Ontario Program |
$1,000 |
Tax and Benefits Administration Program - vote 1209
This program is responsible for the effective and efficient administration of Ontario tax statutes and a number of benefit programs and for maintaining the integrity of Ontario’s tax system. It conducts tax compliance activities including audit, inspection, investigation and collections and delivers key benefit programs for low-income seniors and families. Central to this role is the provision of high quality services to clients including information and advisory services. Accountability for managing the relationship with the Canada Revenue Agency, which collects the majority of the province’s taxes on its behalf, also rests with this program. The program leads the province’s efforts in addressing the underground economy, contraband tobacco, corporate tax avoidance, and other revenue integrity measures. In addition, the program supports the delivery of enterprise-wide initiatives such as the collection of non-tax revenues and benefits transformation, including providing automated income verification and related administrative services for various programs such as the Ministry of the Attorney General’s Child Support Service. The program also works in partnership with First Nations on a range of issues including tobacco. In limited circumstances, the program provides grants to not-for-profit organizations and selected First Nations communities related to tax administration.
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1 |
Tax and benefits administration |
$435,627,600 |
$402,273,900 |
$33,353,700 |
$328,546,002 |
| |
Total operating expense to be voted |
$435,627,600 |
$402,273,900 |
$33,353,700 |
$328,546,002 |
| S |
Payments to private collection agencies, the Financial Administration Act |
$5,500,000 |
$5,500,000 |
- |
$4,901,923 |
| S |
Bad debt expense, the Financial Administration Act |
$45,215,900 |
$32,000,000 |
$13,215,900 |
$46,647,263 |
| |
Total statutory appropriations |
$50,715,900 |
$37,500,000 |
$13,215,900 |
$51,549,186 |
| |
Total operating expense |
$486,343,500 |
$439,773,900 |
$46,569,600 |
$380,095,188 |
Operating assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 2 |
Assets |
$400,000 |
$350,000 |
$50,000 |
$199,961 |
| |
Total operating assets to be voted |
$400,000 |
$350,000 |
$50,000 |
$199,961 |
| S |
Advances, the Education Act |
$19,600,000 |
$19,600,000 |
- |
$18,831,561 |
| S |
Advances, the Northern Services Boards Act |
$4,100,000 |
$4,100,000 |
- |
$3,928,173 |
| S |
Advances, the Local Roads Boards Act |
$4,500,000 |
$4,500,000 |
- |
$4,487,915 |
| |
Total statutory appropriations |
$28,200,000 |
$28,200,000 |
- |
$27,247,649 |
| |
Total operating assets |
$28,600,000 |
$28,550,000 |
$50,000 |
$27,447,610 |
Capital expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 3 |
Tax and benefits |
$1,000 |
$1,000 |
- |
- |
| |
Total capital expense to be voted |
$1,000 |
$1,000 |
- |
- |
| S |
Amortization, the Financial Administration Act |
$2,637,600 |
$2,637,600 |
- |
$2,637,609 |
| |
Total statutory appropriations |
$2,637,600 |
$2,637,600 |
- |
$2,637,609 |
| |
Total capital expense |
$2,638,600 |
$2,638,600 |
- |
$2,637,609 |
Capital assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 4 |
Tax and benefits |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets to be voted |
$1,000 |
$1,000 |
- |
- |
| |
Total capital assets |
$1,000 |
$1,000 |
- |
- |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
Amount |
Amount |
| 1209-1 |
Tax and benefits administration |
|
|
|
| |
Salaries and wages |
|
|
$86,480,400 |
| |
Employee benefits |
|
|
$13,362,900 |
| |
Transportation and communication |
|
|
$3,936,000 |
| |
Services |
|
|
$195,142,000 |
| |
Supplies and equipment |
|
|
$2,107,300 |
| |
Transfer payments |
|
|
|
| |
Guaranteed annual income system |
|
$137,607,600 |
|
| |
Small business transition support |
|
$1,000 |
|
| |
Tax compliance partnership agreements |
|
$15,000 |
$137,623,600 |
| |
Subtotal |
|
|
$438,652,200 |
| |
Less: recoveries |
|
|
$3,024,600 |
| |
Total operating expense to be voted |
|
|
$435,627,600 |
| |
Sub-items: |
|
|
|
| |
Strategy, stewardship and program policy |
|
|
|
| |
Salaries and wages |
|
$19,441,900 |
|
| |
Employee benefits |
|
$3,266,200 |
|
| |
Transportation and communication |
|
$635,000 |
|
| |
Services |
|
$163,702,900 |
|
| |
Supplies and equipment |
|
$637,100 |
|
| |
Transfer payments |
|
|
|
| |
Tax compliance partnership agreements |
|
$15,000 |
$187,698,100 |
| |
Tax compliance and benefits |
|
|
|
| |
Salaries and wages |
|
$67,038,500 |
|
| |
Employee benefits |
|
$10,096,700 |
|
| |
Transportation and communication |
|
$3,301,000 |
|
| |
Services |
|
$31,439,100 |
|
| |
Supplies and equipment |
|
$1,470,200 |
|
| |
Transfer payments |
|
|
|
| |
Guaranteed annual income system |
$137,607,600 |
|
|
| |
Small business transition support |
$1,000 |
$137,608,600 |
|
| |
Subtotal |
|
$250,954,100 |
|
| |
Less: recoveries |
|
$3,024,600 |
$247,929,500 |
| |
Total operating expense to be voted |
|
|
$435,627,600 |
| |
Statutory appropriations |
|
|
|
| |
Services |
|
|
|
| Statutory |
Payments to private collection agencies, the Financial Administration Act |
|
|
$5,500,000 |
| |
Statutory appropriations |
|
|
|
| |
Other transactions |
|
|
|
| Statutory |
Bad debt expense, the Financial Administration Act |
|
|
$45,215,900 |
| |
Total operating expense for Tax and Benefits Administration Program |
|
|
$486,343,500 |
Operating assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1209-2 |
Assets |
|
| |
Advances and recoverable amounts |
|
| |
Guaranteed annual income system |
$400,000 |
| |
Total operating assets to be voted |
$400,000 |
| |
Statutory appropriations |
|
| |
Advances and recoverable amounts |
|
| Statutory |
Advances, the Education Act |
$19,600,000 |
| Statutory |
Advances, the Northern Services Boards Act |
$4,100,000 |
| Statutory |
Advances, the Local Roads Boards Act |
$4,500,000 |
| |
Total operating assets for Tax and Benefits Administration Program |
$28,600,000 |
Capital expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1209-3 |
Tax and benefits |
|
| |
Other transactions |
$1,000 |
| |
Total capital expense to be voted |
$1,000 |
| |
Statutory appropriations |
|
| |
Other transactions |
|
| Statutory |
Amortization, the Financial Administration Act |
$2,637,600 |
| |
Total capital expense for Tax and Benefits Administration Program |
$2,638,600 |
Capital assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1209-4 |
Tax and benefits |
|
| |
Land and marine fleet - asset costs |
$1,000 |
| |
Total capital assets to be voted |
$1,000 |
| |
Total capital assets for Tax and Benefits Administration Program |
$1,000 |
Ontario Retirement Pension Plan Program - vote 1210
This program is responsible for supporting implementation of the Ontario Retirement Pension Plan by leading strategic policy and legislative functions related to the Plan. The program will also assist with transitional activities associated with establishment of the Ontario Retirement Pension Plan Administration Corporation.
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| 1 |
Ontario Retirement Pension Plan |
$1,531,000 |
$14,000,000 |
($12,469,000) |
- |
| |
Total operating expense to be voted |
$1,531,000 |
$14,000,000 |
($12,469,000) |
- |
| |
Total operating expense |
$1,531,000 |
$14,000,000 |
($12,469,000) |
- |
Operating assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| - |
Ontario Retirement Pension Plan |
- |
$1,000 |
($1,000) |
- |
| |
Total operating assets to be voted |
- |
$1,000 |
($1,000) |
- |
| S |
Loans, the Ontario Retirement Pension Plan Administration Corporation Act, 2015 |
$240,000,000 |
- |
$240,000,000 |
- |
| |
Total statutory appropriations |
$240,000,000 |
- |
$240,000,000 |
- |
| |
Total operating assets |
$240,000,000 |
$1,000 |
$239,999,000 |
- |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| 1210-1 |
Ontario Retirement Pension Plan |
|
| |
Salaries and wages |
$860,000 |
| |
Employee benefits |
$141,000 |
| |
Transportation and communication |
$50,000 |
| |
Services |
$474,000 |
| |
Supplies and equipment |
$5,000 |
| |
Transfer payments |
|
| |
Ontario Retirement Pension Plan |
$1,000 |
| |
Total operating expense to be voted |
$1,531,000 |
| |
Total operating expense for Ontario Retirement Pension Plan Program |
$1,531,000 |
Operating assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| |
Statutory appropriations |
|
| |
Loans and Investments |
|
| Statutory |
Loans, the Ontario Retirement Pension Plan Administration Corporation Act, 2015 |
$240,000,000 |
| |
Total operating assets for Ontario Retirement Pension Plan Program |
$240,000,000 |
Treasury Program
This program is responsible for the development, direction, operation and formulation of policies for the management of the Province’s debt, investments, credit ratings, investor relations, and related financial administration activities; providing centralized banking and cash management services to the Province; reporting on the financial position of the Province to investors and the public to facilitate borrowing activities; providing electricity sector financial analysis and support for any direct or indirect provincial liabilities and monitoring the fiscal implications; advice to government and broader public sector on financing initiatives and policies; provision of guarantees and loans by the Province and assistance in investments to its Crown Corporations and agencies; and arranging custodial and fiscal agency services for the Province and certain agencies. It is also responsible for the issuance of Ontario Savings Bonds. The Ontario Financing Authority (OFA) provides a broad range of financial services to Ontario Electricity Financial Corporation (OEFC) and Ontario Infrastructure and Lands Corporation (Infrastructure Ontario).
Vote summary
Operating expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| S |
Interest on Debt, the Financial Administration Act |
$11,307,428,600 |
$10,802,901,200 |
$504,527,400 |
$10,039,921,083 |
| |
Total operating expense |
$11,307,428,600 |
$10,802,901,200 |
$504,527,400 |
$10,039,921,083 |
Standard account by item and sub-items
Operating expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
Amount |
| Statutory |
Statutory appropriations interest on debt, the Financial Administration Act |
|
|
| |
Interest on Ontario securities |
|
|
| |
For general purposes |
$10,825,160,100 |
|
| |
Canada Pension Plan Investment Board |
$503,424,000 |
|
| |
Canada Mortgage and Housing Corporation |
$4,407,000 |
|
| |
Ontario Immigrant Investor Corporation |
$888,000 |
$11,333,879,100 |
| |
Less: interest on investments |
|
$464,576,000 |
| |
Less: interest capitalized in Ministry appropriations |
|
$45,829,500 |
| |
Less: other interest, exchange, discount and commission |
|
$36,045,000 |
| |
|
|
$10,787,428,600 |
| |
Interest on debt payable to Ontario Electricity Financial Corporation |
|
$520,000,000 |
| |
Total operating expense for Treasury Program |
|
$11,307,428,600 |
Trillium Trust Program
The Trillium Trust provides for the dedication of prescribed net revenue gains / fiscal benefits from the sale of designated assets to help support investments in infrastructure, such as roads, bridges, transit and other priority infrastructure.
Vote summary
Capital expense
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| S |
Infrastructure expenditures, the Trillium Trust Act |
$1,000 |
- |
$1,000 |
- |
| |
Total statutory appropriations |
$1,000 |
- |
$1,000 |
- |
| |
Total capital expense |
$1,000 |
- |
$1,000 |
- |
Capital assets
| Item number |
Item |
Estimates 2016‑2017 |
Estimates 2015‑16 |
Difference between 2016‑17 and 2015‑16 |
Actual 2014‑15 |
| S |
Infrastructure expenditures, the Trillium Trust Act |
$1,000 |
- |
$1,000 |
- |
| |
Total statutory appropriations |
$1,000 |
- |
$1,000 |
- |
| |
Total capital assets |
$1,000 |
- |
$1,000 |
- |
Standard account by item and sub-items
Capital expense
| Vote-item number |
Standard account by item and sub-items |
Amount |
| |
Statutory appropriations infrastructure expenditures, the Trillium Trust Act |
|
| |
Other transactions |
|
| Statutory |
Transfers from Trillium Trust |
$1,000 |
| |
Total capital expense for Trillium Trust Program |
$1,000 |
Capital assets
| Vote-item number |
Standard account by item and sub-items |
Amount |
| |
Statutory appropriations infrastructure expenditures, the Trillium Trust Act |
|
| Statutory |
Investments in tangible capital assets |
$1,000 |
| |
Total capital assets for Trillium Trust Program |
$1,000 |
