Here is a look at the issues facing the education system in Ontario

1. EDUCATION COSTING
- ONTARIO
PAUL YOUNG CPA CGA
MARCH 9, 2020

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions – FOPM and FPM
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• 2019-2020 – Ontario Budget
• Household spending / Education
• Educational Costs / School board
• Blog – Education
• What’s next
• Other sources/training

4. ONTARIO BUDGET 2019-2020
Source – BMO economics and https://www.scotiabank.com/content/dam/scotiabank/sub-brands/scotiabank-economics/english/documents/fiscal-
pulse/onbudget_2019.pdf

5. ONTARIO HOUSEHOLD SPENDING
Approximately about $880 of
your household taxes go to
supporting education

6. ONTARIO HOUSEHOLD SPENDING
On average people of Ontario are paying $685
to $720 per household related to Teachers
compensation

7. ISSUES FACING EDUCATION

8. SCHOOL BOARD
F/S
Source – Essex County School
Board
• Largest expense is
instruction

9. BMO/BUDGET ONTARIO
Source – BMO

10. BLOG – EDUCATION
Hey @OECTAprez (Liz)
Can you explain to taxpayers why teacher compensation went up nearly 40% since 2006 and yet enrollment is down
100,000? This is all about keeping Teachers job and not what is best when it comes to delivering education?
• Educational analysis - https://www.slideshare.net/paulyoungcga/whats-next-for-education-in-ontario-184514356
• Drummond Report - https://nationalpost.com/news/canada/ontario-must-act-swiftly-and-boldly-to-eliminate-
projected-30-2-billion-deficit-drummond-warns
• Education Analysis - https://www.fraserinstitute.org/blogs/busting-the-myth-of-ontarios-massive-education-cuts

11. WHAT’S NEXT
• Ontario education system needs to fix its costing model
• More ARC analysis re-aligning enrollment with school utilization
• Wage and Compensation reforms
• Increase class size
• Online education delivery needs to change
• Education needs to be better align with jobs of today and tomorrow

12. OTHER
SOURCES
• If you like to learn more
about trade and/or
other subjects as part of
your professional
learning and
development then feel
free to review my
material on
https://www.udemy.co
m/ (search Paul Young
CPA CGA