Expenditure Estimates for the Ministry of Finance (2017-18)
The 2017-2018 Expenditure Estimates set out details of the operating and capital spending requirements of the Ministry of Finance for the fiscal year commencing April 1, 2017.
Summary
The Ministry of Finance supports 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. The Ministry also reports on economic and demographic developments in the province and provides analytical support and policy advice on these topics as well as statistical issues and trends that affect Ontario’s economic growth and job creation.
Ministry program summary
| Vote | Program | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
Operating expense | |||||
1201 | $40,552,700 | $39,612,300 | $940,400 | $44,383,354 | |
1202 | Government Business Enterprises, Income Security and Pension Policy Program | $106,976,000 | $106,893,100 | $82,900 | $106,662,025 |
1203 | $1,112,182,100 | $721,013,300 | $391,168,800 | $613,266,482 | |
1204 | $2,438,600 | $2,489,600 | ($51,000) | $1,298,270 | |
1209 | $411,082,400 | $435,627,600 | ($24,545,200) | $333,269,394 | |
Ontario Retirement Pension Plan Program | - | $1,531,000 | ($1,531,000) | $17,723,110 | |
Total operating expense to be voted | $1,673,231,800 | $1,307,166,900 | $366,064,900 | $1,116,602,635 | |
Statutory appropriations | |||||
$11,298,251,700 | $11,307,428,600 | ($9,176,900) | $10,395,378,070 | ||
Other statutory appropriations | $50,785,914 | $50,805,629 | ($19,715) | $384,495,405 | |
Ministry total operating expense | $13,022,269,414 | $12,665,401,129 | $356,868,285 | $11,896,476,110 | |
Consolidation adjustment - Ontario Financing Authority | $26,711,000 | $26,187,000 | $524,000 | $23,020,996 | |
Consolidation adjustment - Ontario Securities Commission | $112,303,000 | $105,256,100 | $7,046,900 | $94,762,900 | |
Consolidation adjustment - Ontario Electricity Financial Corporation | ($216,818,300) | $521,079,400 | ($737,897,700) | $713,717,735 | |
Other adjustments - Financial Services Commission of Ontario | $77,134,600 | $97,581,800 | ($20,447,200) | $97,215,107 | |
Consolidation adjustment - Treasury Program | $523,498,500 | $585,680,300 | ($62,181,800) | $505,312,679 | |
Consolidation adjustment - Treasury Program - Interest capitalization for other sectors | ($240,430,200) | ($137,108,900) | ($103,321,300) | $66,108,336 | |
Total including consolidation & other adjustments | $13,304,668,014 | $13,864,076,829 | ($559,408,815) | $13,396,613,863 | |
Operating assets | |||||
1203 | $275,000,000 | - | $275,000,000 | $109,964,191 | |
1204 | $1,000 | $1,000 | - | - | |
1209 | $400,000 | $400,000 | - | $280,537 | |
Total operating assets to be voted | $275,401,000 | $401,000 | $275,000,000 | $110,244,728 | |
Statutory appropriations | $29,000,000 | $268,200,000 | ($239,200,000) | $47,709,111 | |
Ministry total operating assets | $304,401,000 | $268,601,000 | $35,800,000 | $157,953,839 | |
Capital expense | |||||
1201 | - | $1,000 | ($1,000) | - | |
1203 | $1,000 | $1,000 | - | - | |
1204 | $1,000 | $1,000 | - | - | |
1208 | $1,000 | $1,000 | - | - | |
1209 | $1,000 | $1,000 | - | - | |
Total capital expense to be voted | $4,000 | $5,000 | ($1,000) | - | |
Statutory appropriations | |||||
$288,790,600 | $1,000 | $288,789,600 | - | ||
Other statutory appropriations | $2,639,600 | $2,640,600 | ($1,000) | $2,637,609 | |
Ministry total capital expense | $291,434,200 | $2,646,600 | $288,787,600 | $2,637,609 | |
Capital expense adjustment - Trillium Trust reclassification | ($288,790,600) | - | ($288,790,600) | - | |
Consolidation adjustment - Ontario Financing Authority | $789,000 | $881,000 | ($92,000) | $782,000 | |
Consolidation adjustment - Ontario Securities Commission | $3,150,000 | $3,058,700 | $91,300 | $2,761,000 | |
Total including consolidation & other adjustments | $6,582,600 | $6,586,300 | ($3,700) | $6,180,609 | |
Capital assets | |||||
1201 | - | $1,000 | ($1,000) | - | |
1203 | $1,000 | $1,000 | - | - | |
1204 | $7,708,600 | $4,868,700 | $2,839,900 | $212,085 | |
1209 | $1,000 | $1,000 | - | - | |
Total capital assets to be voted | $7,710,600 | $4,871,700 | $2,838,900 | $212,085 | |
Statutory appropriations | |||||
$118,850,000 | $1,000 | $118,849,000 | - | ||
Ministry total capital assets | $126,560,600 | $4,872,700 | $121,687,900 | $212,085 | |
Capital asset adjustment - Trillium Trust reclassification | ($118,850,000) | - | ($118,850,000) | - | |
Total including adjustments | $7,710,600 | $4,872,700 | $2,837,900 | $212,085 | |
Ministry total operating and capital including consolidation and other adjustments (not including assets) | $13,311,250,614 | $13,870,663,129 | ($559,412,515) | $13,402,794,472 |
Reconciliation to previously published data
| Operating expense | 2016-17 Estimates | 2015-16 Actual |
|---|---|---|
| Total operating expense previously published | $12,661,985,429 | $11,800,123,952 |
| Government reorganization | ||
| Transfer of functions from other Ministries | $8,415,700 | $96,352,158 |
| Transfer of functions to other Ministries | ($5,000,000) | - |
| Restated total operating expense | $12,665,401,129 | $11,896,476,110 |
Ministry administration program - vote 1201
This program, which includes the Offices of the Minister 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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
1 | Ministry administration | $40,552,700 | $39,612,300 | $940,400 | $44,383,354 |
Total operating expense to be voted | $40,552,700 | $39,612,300 | $940,400 | $44,383,354 | |
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 | $65,014 | $86,729 | ($21,715) | $65,968 | |
Total operating expense | $40,617,714 | $39,699,029 | $918,685 | $44,449,322 | |
- | 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) | - | |
- | 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
| Vote-item number | Standard account by item and sub-items | Amount | Amount |
|---|---|---|---|
Operating expense | |||
1201-1 | Ministry administration | ||
Salaries and wages | $17,642,300 | ||
Employee benefits | $2,536,000 | ||
Transportation and communication | $1,131,300 | ||
Services | $18,392,900 | ||
Supplies and equipment | $850,200 | ||
Total operating expense to be voted | $40,552,700 | ||
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 | $7,275,400 | ||
Employee benefits | $1,469,100 | ||
Transportation and communication | $428,200 | ||
Services | $7,304,300 | ||
Supplies and equipment | $353,900 | $16,830,900 | |
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 | $8,646,500 | ||
Supplies and equipment | $173,400 | $9,075,200 | |
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 | $40,552,700 | ||
Statutory appropriations | |||
Statutory | Minister’s salary, the Executive Council Act | $47,841 | |
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 | $40,617,714 |
Government Business Enterprises, Income Security and Pension 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 also leads the implementation and ongoing oversight of the recommendations of the Premier’s Advisory Council on Government Assets. This includes oversight and implementation of the Council’s recommendations related to the financial oversight of Hydro One, Ontario Power Generation, and the electricity sector, as well as the modernization of the beverage alcohol sector. In addition, the program supports the coordination of horizontal policy development on a number of transformation initiatives spanning multiple ministries, on an as required basis. 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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
6 | Income Security and Pension Policy | $6,241,100 | $6,180,300 | $60,800 | $7,245,572 |
7 | Office of Government Business Enterprises and Strategic Initiatives | $100,734,900 | $100,712,800 | $22,100 | $99,416,453 |
Total operating expense to be voted | $106,976,000 | $106,893,100 | $82,900 | $106,662,025 | |
Total operating expense | $106,976,000 | $106,893,100 | $82,900 | $106,662,025 |
Standard account by item and sub-items
| Vote-item number | Standard account by item and sub-items | Amount | Amount |
|---|---|---|---|
Operating expense | |||
1202-6 | Income Security and Pension Policy | ||
Salaries and wages | $4,515,400 | ||
Employee benefits | $535,000 | ||
Transportation and communication | $37,000 | ||
Services | $1,108,900 | ||
Supplies and equipment | $44,800 | ||
Total operating expense to be voted | $6,241,100 | ||
1202-7 | Office of Government Business Enterprises and Strategic Initiatives | ||
Salaries and wages | $4,392,500 | ||
Employee benefits | $555,700 | ||
Transportation and communication | $182,200 | ||
Services | $4,043,100 | ||
Supplies and equipment | $127,000 | ||
Transfer payments | |||
Horse Racing Partnership Funding Program | $91,646,800 | ||
Subtotal | $100,947,300 | ||
Less: recoveries | $212,400 | ||
Total operating expense to be voted | $100,734,900 | ||
Sub-items: | |||
Strategic Initiatives | |||
Salaries and wages | $530,000 | ||
Employee benefits | $70,000 | ||
Transportation and communication | $50,000 | ||
Services | $400,000 | ||
Supplies and equipment | $10,000 | $1,060,000 | |
Electricity Investment and governance | |||
Salaries and wages | $580,000 | ||
Employee benefits | $75,000 | ||
Transportation and communication | $50,000 | ||
Services | $1,500,000 | ||
Supplies and equipment | $10,000 | $2,215,000 | |
Revenue agencies oversight | |||
Salaries and wages | $3,282,500 | ||
Employee benefits | $410,700 | ||
Transportation and communication | $82,200 | ||
Services | $2,143,100 | ||
Supplies and equipment | $107,000 | ||
Transfer payments | |||
Horse Racing Partnership Funding Program | $91,646,800 | ||
Subtotal | $97,672,300 | ||
Less: recoveries | $212,400 | $97,459,900 | |
Total operating expense to be voted | $100,734,900 | ||
Total operating expense for Government Business Enterprises, Income Security and Pension Policy Program | $106,976,000 |
Economic, Fiscal, and Financial Policy Program - vote 1203
This program develops and implements sound economic, tax and inter-governmental taxation and fiscal strategies to raise revenue, 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 and financial and implementation support for 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; 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 leads the Statistics Transformation Initiative to enhance how government collects, uses, and disseminates data and is responsible for leading statistics policy. 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 personal and corporate tax policies affecting Ontarians and provides 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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
1 | Economic policy | $12,719,300 | $12,719,300 | - | $10,979,332 |
4 | Financial Services Policy Division | $5,077,700 | $4,577,700 | $500,000 | $3,021,014 |
5 | Provincial-local finance | $25,409,100 | $23,707,500 | $1,701,600 | $19,345,311 |
6 | Municipal support programs | $527,155,100 | $527,308,100 | ($153,000) | $568,722,400 |
8 | Office of the Budget | $6,542,600 | $3,504,300 | $3,038,300 | $2,698,838 |
23 | Taxation policy | $10,460,000 | $11,377,700 | ($917,700) | $8,499,587 |
12 | Ontario Electricity Financial Corporation dedicated electricity earnings | $524,818,300 | $137,818,700 | $386,999,600 | - |
Total operating expense to be voted | $1,112,182,100 | $721,013,300 | $391,168,800 | $613,266,482 | |
S | Bad debt expense, the Financial Administration Act | - | - | - | $112,500,000 |
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 | - | - |
S | Ontario Electricity Financial Corporation financial benefit – asset optimization, the Electricity Act, 1998 | $1,000 | - | $1,000 | $172,236,963 |
S | Hydro One Inc., provincial corporate tax provision, the Electricity Act, 1998 | $1,000 | - | $1,000 | $2,900,000 |
Total statutory appropriations | $4,000 | $2,000 | $2,000 | $287,636,963 | |
Total operating expense | $1,112,186,100 | $721,015,300 | $391,170,800 | $900,903,445 | |
24 | Strategic assets – loans and investments | $275,000,000 | - | $275,000,000 | $109,964,191 |
Total operating assets to be voted | $275,000,000 | - | $275,000,000 | $109,964,191 | |
Total operating assets | $275,000,000 | - | $275,000,000 | $109,964,191 | |
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 | - | - | |
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
| Vote-item number | Standard account by item and sub-items | Amount | Amount |
|---|---|---|---|
Operating expense | |||
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 | $1,511,500 | ||
Supplies and equipment | $45,600 | ||
Total operating expense to be voted | $5,077,700 | ||
1203-5 | Provincial-local finance | ||
Salaries and wages | $6,633,200 | ||
Employee benefits | $859,100 | ||
Transportation and communication | $223,000 | ||
Services | $17,578,800 | ||
Supplies and equipment | $115,000 | ||
Total operating expense to be voted | $25,409,100 | ||
1203-6 | Municipal support programs | ||
Transfer payments | |||
One-Time Municipal Assistance | $43,000 | ||
Ontario Municipal Partnership Fund | $505,000,000 | ||
Special Payments to Municipalities | $17,036,100 | ||
Transitional Mitigation Payment | $5,076,000 | $527,155,100 | |
Total operating expense to be voted | $527,155,100 | ||
1203-8 | Office of the Budget | ||
Salaries and wages | $2,797,600 | ||
Employee benefits | $325,300 | ||
Transportation and communication | $42,100 | ||
Services | $3,365,100 | ||
Supplies and equipment | $12,500 | ||
Total operating expense to be voted | $6,542,600 | ||
1203-23 | Taxation policy | ||
Salaries and wages | $6,997,400 | ||
Employee benefits | $1,030,500 | ||
Transportation and communication | $211,900 | ||
Services | $2,016,100 | ||
Supplies and equipment | $204,100 | ||
Total operating expense to be voted | $10,460,000 | ||
1203-12 | Ontario Electricity Financial Corporation dedicated electricity earnings | ||
Other transactions | |||
Electricity sector dedicated income | $524,818,300 | ||
Total operating expense to be voted | $524,818,300 | ||
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 | |
Statutory appropriations | |||
Other transactions | |||
Statutory | Ontario Electricity Financial Corporation financial benefit – asset optimization, the Electricity Act, 1998 | $1,000 | |
Statutory | Hydro One Inc., provincial corporate tax provision, the Electricity Act, 1998 | $1,000 | |
Total operating expense for Economic, Fiscal, and Financial Policy Program | $1,112,186,100 | ||
Operating assets | |||
1203-24 | Strategic assets – loans and investments | ||
Loans and investments | $275,000,000 | ||
Total operating assets to be voted | $275,000,000 | ||
Total operating assets for Economic, Fiscal, and Financial Policy Program | $275,000,000 | ||
Capital expense | |||
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 | |||
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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
1 | Financial Services Commission of Ontario | $2,437,600 | $2,488,600 | ($51,000) | $1,298,270 |
2 | Motor Vehicle Accident Claims Fund | $1,000 | $1,000 | - | - |
Total operating expense to be voted | $2,438,600 | $2,489,600 | ($51,000) | $1,298,270 | |
S | Bad debt expense, the Financial Administration Act | $1,000 | $1,000 | - | - |
Total statutory appropriations | $1,000 | $1,000 | - | - | |
Total operating expense | $2,439,600 | $2,490,600 | ($51,000) | $1,298,270 | |
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 | - | - | |
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 | - | - | |
3 | Financial Services Industry Regulation Program | $7,708,600 | $4,868,700 | $2,839,900 | $212,085 |
Total capital assets to be voted | $7,708,600 | $4,868,700 | $2,839,900 | $212,085 | |
Total capital assets | $7,708,600 | $4,868,700 | $2,839,900 | $212,085 |
Standard account by item and sub-items
| Vote-item number | Standard account by item and sub-items | Amount |
|---|---|---|
Operating expense | ||
1204-1 | Financial Services Commission of Ontario | |
Salaries and wages | $40,292,500 | |
Employee benefits | $10,620,200 | |
Transportation and communication | $803,800 | |
Services | $27,449,300 | |
Supplies and equipment | $406,400 | |
Subtotal | $79,572,200 | |
Less: recoveries | $77,134,600 | |
Total operating expense to be voted | $2,437,600 | |
1204-2 | Motor Vehicle Accident Claims Fund | |
Salaries and wages | $2,536,900 | |
Employee benefits | $366,600 | |
Transportation and communication | $84,600 | |
Services | $8,103,900 | |
Supplies and equipment | $117,800 | |
Subtotal | $11,209,800 | |
Less: recoveries | $11,208,800 | |
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 | $2,439,600 | |
Operating assets | ||
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 | ||
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 | $831,300 |
Less: recoveries | $830,300 | |
Total capital expense for Financial Services Industry Regulation Program | $2,000 | |
Capital assets | ||
1204-3 | Financial Services Industry Regulation Program | |
Information technology hardware | $1,033,000 | |
Business application software - salaries and wages | $1,645,600 | |
Business application software - employee benefits | $357,100 | |
Business application software - asset costs | $4,672,900 | |
Total capital assets to be voted | $7,708,600 | |
Total capital assets for Financial Services Industry Regulation Program | $7,708,600 |
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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
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
| Vote-item number | Standard account by item and sub-items | Amount |
|---|---|---|
Capital expense | ||
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 administration of Ontario tax statutes, a number of benefit programs, and for maintaining the integrity of Ontario’s tax system. To accomplish this, 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.
In addition to being responsible for Ontario’s Tobacco Strategy and tobacco tax policy, the program leads the province’s efforts to address the underground economy and supports the development of Ontario’s approach to the Sharing Economy. The program is also responsible for a number of cross-government initiatives such as the centralization of collections functions and benefits transformation including the expansion of automated income verification and related administrative services for various government programs. 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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
1 | Tax and Benefits Administration | $411,082,400 | $435,627,600 | ($24,545,200) | $333,269,394 |
Total operating expense to be voted | $411,082,400 | $435,627,600 | ($24,545,200) | $333,269,394 | |
S | Payments to private collection agencies, the Financial Administration Act | $5,500,000 | $5,500,000 | - | $5,054,292 |
S | Bad debt expense, the Financial Administration Act | $45,215,900 | $45,215,900 | - | $71,711,486 |
Total statutory appropriations | $50,715,900 | $50,715,900 | - | $76,765,778 | |
Total operating expense | $461,798,300 | $486,343,500 | ($24,545,200) | $410,035,172 | |
2 | Assets | $400,000 | $400,000 | - | $280,537 |
Total operating assets to be voted | $400,000 | $400,000 | - | $280,537 | |
S | Advances, the Education Act | $19,300,000 | $19,600,000 | ($300,000) | $18,832,137 |
S | Advances, the Northern Services Boards Act | $4,500,000 | $4,100,000 | $400,000 | $4,226,088 |
S | Advances, the Local Roads Boards Act | $5,200,000 | $4,500,000 | $700,000 | $4,650,886 |
Total statutory appropriations | $29,000,000 | $28,200,000 | $800,000 | $27,709,111 | |
Total operating assets | $29,400,000 | $28,600,000 | $800,000 | $27,989,648 | |
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 | |
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
| Vote-item number | Standard account by item and sub-items | Amount | Amount | Amount |
|---|---|---|---|---|
Operating expense | ||||
1209-1 | Tax and Benefits administration | |||
Salaries and wages | $86,666,100 | |||
Employee benefits | $13,291,700 | |||
Transportation and communication | $3,936,000 | |||
Services | $170,477,300 | |||
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 | $20,000 | $137,628,600 | ||
Subtotal | $414,107,000 | |||
Less: recoveries | $3,024,600 | |||
Total operating expense to be voted | $411,082,400 | |||
Sub-items: | ||||
Strategy, stewardship and program policy | ||||
Salaries and wages | $19,627,600 | |||
Employee benefits | $3,195,000 | |||
Transportation and communication | $635,000 | |||
Services | $150,177,000 | |||
Supplies and equipment | $637,100 | |||
Transfer payments | ||||
Tax compliance partnership agreements | $20,000 | $174,291,700 | ||
Tax compliance and benefits | ||||
Salaries and wages | $67,038,500 | |||
Employee benefits | $10,096,700 | |||
Transportation and communication | $3,301,000 | |||
Services | $20,300,300 | |||
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 | $239,815,300 | |||
Less: recoveries | $3,024,600 | $236,790,700 | ||
Total operating expense to be voted | $411,082,400 | |||
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 | $461,798,300 | |||
Operating assets | ||||
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 | $19,300,000 | ||
Statutory | Advances, the Northern Services Boards Act | $4,500,000 | ||
Statutory | Advances, the Local Roads Boards Act | $5,200,000 | ||
Total operating assets for Tax and Benefits Administration Program | $29,400,000 | |||
Capital expense | ||||
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 | ||||
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 |
Treasury Program
This program is responsible for the development, direction, operation and formulation of policies for the management of the Province’s debt, investments, investor relations, and related financial administration activities; liaising with rating agencies on their determination of the Province’s credit rating; 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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
S | Interest on debt, the Financial Administration Act | $11,298,251,700 | $11,307,428,600 | ($9,176,900) | $10,395,378,070 |
Total operating expense | $11,298,251,700 | $11,307,428,600 | ($9,176,900) | $10,395,378,070 |
Standard account by item and sub-items
| Vote-item number | Standard account by item and sub-items | Amount | Amount |
|---|---|---|---|
Operating expense | |||
Statutory | Statutory appropriations | ||
Interest on Ontario Securities | |||
Canada Pension Plan Investment Board | $502,091,000 | ||
For general purposes | $10,927,682,900 | ||
Canada Mortgage and Housing Corporation | $2,935,000 | ||
Ontario Immigrant Investor Corporation | $4,211,800 | $11,436,920,700 | |
Less: interest capitalized in ministry appropriations | $51,846,000 | ||
Less: other interest, exchange, discount and commission | $101,883,000 | ||
Less: interest on investments | $474,940,000 | ||
$10,808,251,700 | |||
Interest on debt payable to Ontario Electricity Financial Corporation | $490,000,000 | ||
Total operating expense for Treasury Program | $11,298,251,700 |
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
| Item number | Item | Estimates 2017-18 | Estimates 2016-17 | Difference between 2017-18 and 2016-17 | Actual 2015-16 |
|---|---|---|---|---|---|
S | Infrastructure expenditures, the Trillium Trust Act | $288,790,600 | $1,000 | $288,789,600 | - |
Total statutory appropriations | $288,790,600 | $1,000 | $288,789,600 | - | |
Total capital expense | $288,790,600 | $1,000 | $288,789,600 | - | |
S | Infrastructure expenditures, the Trillium Trust Act | $118,850,000 | $1,000 | $118,849,000 | - |
Total statutory appropriations | $118,850,000 | $1,000 | $118,849,000 | - | |
Total capital assets | $118,850,000 | $1,000 | $118,849,000 | - |
Standard account by item and sub-items
| Vote-item number | Standard account by item and sub-items | Amount |
|---|---|---|
Capital expense | ||
Statutory appropriations | ||
Other transactions | ||
Statutory | Transfers from Trillium Trust | $288,790,600 |
Total capital expense for Trillium Trust Program | $288,790,600 | |
Capital assets | ||
Statutory appropriations | ||
Statutory | Investments in tangible capital assets | $118,850,000 |
Total capital assets for Trillium Trust Program | $118,850,000 |
Footnotes
- footnote[1] Back to paragraph Total operating expense includes statutory appropriations, special warrants and total operating expense to be voted.