People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises  https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -   Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show   Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018 Bottom line Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario

1. 2018 – Election – Ontario –
Issues at Hand
PAUL YOUNG CPA, CGA
MARCH 29, 2018

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Emerging Technology
• SME – Business Process Change
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Summary
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas
of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728
https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
 https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-
negative-moodys/ or more failed promises -
 Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-
of-ontarios-electricity-disaster
 Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-
median-income-growth-sluggish-over-past-10-years-statscan-figures-show

 Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-
and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to
introduced bad after bad policies that only hurt people of Ontario

4. Agenad
 Annual F/S
 Taxation Mix
 Government Spending Mix
 Economic Trends
 Government Waste

5. Ontario Debt / Deficit
 Ontario’s budget watchdog says that the province’s deficit will be $2.6
billion in 2017-18, despite a Liberal government pledge to balance the
books by then. The Financial Accountability Office released its
economic and fiscal outlook today, saying that beyond that fiscal year
the deficit will deteriorate further to $3.7 billion in 2020-21.
 Ontario’s Liberal government is dipping into its reserve fund to help
balance the budget for the next two years, ahead of the next provincial
election.
 An accounting dispute with the auditor general over how pension
assets should appear on the books is adding $2.2 billion to the deficit
this fiscal year, but the government insists it will reach balance by its
self-imposed deadline of 2017-18.
 Ontario universities face several financial pressures, among them
pension solvency deficits, according to a new commentary by debt
rating service DBRS Ltd. (who is on the hook for the pension shortfall?
Source - http://www.rbc.com/economics/economic-
reports/pdf/provincial-forecasts/prov_fiscal.pdf

6. Annual F/S - Ontario
Source - http://www.ontla.on.ca/library/repository/ser/15767/2003-
2004//Annualreportfinancials.pdf or
https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf
• Auditor General for Ontario says
deficit is $2.5B as compare to
Wynne who shows $991M -
https://www.mississauga.com/news
-story/7542977-government-and-
auditor-general-at-odds-over-size-
of-ontario-s-deficit/
• Ontario PC’s dealt with lower
government transfers as part of
their fiscal management
• Liberal as added many new taxes
like carbon tax or Health Premium
or Property tax or other taxes
• Ontario has a spending problem, not
a tax problem -
https://ipolitics.ca/2013/04/19/onta
rio-has-a-spending-problem-not-a-
revenue-problem/
• IESO -

7. Ontario Taxation Mix
Source - http://www.ontla.on.ca/library/repository/ser/15767/2003-
2004//Annualreportfinancials.pdf or
https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf
New Taxes
• Ontario now 4.5% more of its
revenue from the federal
government
• New taxes cost taxpayers about
12 cents through either high
prices or direct taxation (property
taxes)
• Ontario is less reliance on
personal income, but has shifted
to users fees. User fees are paid
out with after tax dollars
Comments:

8. Ontario Spending Mix
Source - http://www.ontla.on.ca/library/repository/ser/15767/2003-
2004//Annualreportfinancials.pdf or
https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf
Comments:
• LHINS and CCAC have been failures -
https://www.theglobeandmail.com/news/natio
nal/auditor-general-finds-wide-variation-in-
home-care-supports-across-
ontario/article27565501/
• Hospitals operational costs -
http://www.chroniclejournal.com/news/hospita
ls-can-t-keep-up-hydro-costs-eating-into-
resources/article_fc3c88d2-e00b-11e7-9f93-
37b9887847c9.html or
https://www.ctvnews.ca/health/patients-will-
pay-the-price-for-ont-nurse-layoffs-
association-warns-1.2737697
• Teacher Salaries - #5 in terms of max salary -
http://www.bctf.ca/uploadedfiles/public/bargai
ningcontracts/teachersalaryrankings2013-
14brief.pdf (Alberta is head of Ontario along
with Northern Territories
• More and more students that have post-
secondary education are finding it hard to find
jobs in their chosen field -
https://www.thestar.com/news/queenspark/20
17/09/12/popular-post-secondary-degrees-
arent-where-the-jobs-are-says-oecd.html
• Liberals are spending less on social services
despite more money given via the Federal
Government

9. Overall Manufacturing Sector - Ontario
Source – Stats Canada
• Hydro rates have cost 75,000 manufacturing
jobs over the past few years -
http://business.financialpost.com/opinion/7
5000-manufacturing-jobs-lost-thats-the-
price-of-ontarios-electricity-disaster
• Carbon taxes do not support GDP growth as
matter fact reduce GDP -
http://business.financialpost.com/commodit
ies/energy/ottawas-carbon-tax-plan-to-
shrink-economy-by-3-billion-hurt-loonie-in-
2018-study
• Ontario has seen reduced productivity due
to poorly constructed tax policies, labor
reforms, regulatory filing issues, etc -
https://www.competeprosper.ca/blog/five-
things-to-know-about-ontarios-
manufacturing-exports
• Ontario was economic engine of Canada
that is no longer the case.

10. Employment – F/T Vs P/T
Source - http://www.statcan.gc.ca/daily-quotidien/180105/t002a-eng.htm or http://www.statcan.gc.ca/daily-
quotidien/170106/dq170106a-eng.htm or http://www.statcan.gc.ca/daily-quotidien/160108/dq160108a-eng.htm
• Full-Time jobs as % of employment are down since the LPC took office in November 2015
• Ontario has more people working P/T as % of employment since LPC took office in November 2015
• Bill Morneau told people get used to job churning - http://www.cbc.ca/radio/thecurrent/the-current-for-
october-25-2016-1.3818896/are-short-term-jobs-the-new-normal-1.3818898
• Wages have barely grown over the past decade for Ontario -
http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-
10-years-statscan-figures-show

11. Public Sector vs Private Sector
Source – Fraser Institute, http://www.cbc.ca/news/canada/toronto/sunshine-list-ontario-doug-ford-
kathleen-wynne-1.4590777 and Stats Canada
• By a considerable margin, this phenomenon was most pronounced in Ontario. From 2003 to 2013, public
sector employment growth in Ontario (27.6 per cent) dramatically outpaced private sector employment
growth (5.6 per cent) by a whopping 22 percentage points. Interestingly, Ontario’s 10-year increase in
public sector employment coincides with a period of dramatic increases in provincial government
spending, rising government debt, and sluggish economic growth.
• The 131,741 names on the list include hundreds of school principals and thousands of police officers, as
well as GO train engineers, registered nurses and college instructors who don't likely consider
themselves political insiders.
LPC Oct 2003 to Present

12. Automotive Sector
Source - http://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/GAR_2018-01-30.pdf
Issues:
• Labour Laws – Magna is at the tipping
point in terms of expanding their
operations in Ontario -
https://www.bnn.ca/magna-takes-aim-
at-wynne-government-s-new-labour-
laws-1.810174
• CAMI came within days of closing.
CAMI has sited carbon tax, hydro rates,
other taxes are too high in Ontario -
http://business.financialpost.com/trans
portation/autos/gm-strike
• Wynne has given handouts to
automotive through her jobs and
prosperity funds, but those handouts
in many cases just led to current jobs
being kept.
• Trump’s content rules on NAFTA could
also impact the automotive sector in
Ontario

13. Ontario / Class 8 Trucks
Source – The Trucker
• There are small trailer plants, but those
plants are very small in terms of size
• Ontario used to produced Class 8 Trucks,
but plant closures have happen like the
following:
• Sterling Trucks -
http://www.stthomastimesjournal.co
m/2008/10/14/sterling-truck-plant-
to-close
• Navistar Trucks -
https://kitchener.ctvnews.ca/navistar
-closing-truck-plant-in-chatham-
ont-1.678209

14. Steel Production / Ontario
Source – World Steel Association
• Wynne implemented carbon tax ignoring
any economic impact study -
http://pricecarbonnow.org/effect-
carbon-pricing-competitiveness-
industries (Steel is carbon based
business
• Steel has modernized over the years due
to changes in manufacturing processes
• McGuinty made promises on Stelco
Pensions -
https://www.thespec.com/news-
story/2190466-u-s-steel-pensions-loans-
safe-mcguinty-says/
• Liberals never grasp cost pressures
facing large business as such many large
business either scale back operations or
close up all together in Ontario

15. Ontario Food Processing Sector
Source - https://www.mentorworks.ca/blog/market-
trends/ontario-food-and-beverage-industry-trends/
Today, approximately 3,800 Ontario
food and beverage processing
companies provide crucial resources
to both local and international
consumers. The province continues to
be an ideal location for business
owners in the food and beverage
industry based on access to natural
resources, innovation, and skilled
labour. In 2016, Ontario’s agriculture
sector increased its total output
by 3% and contributed over $40
billion towards the provincial
economy. However, there is still room
to improve the sectors rate of growth
and development throughout 2017.
Food and Beverage Ontario (FBO)
recently released its annual report
underlining some of the major trends or
areas of concern within the sector. The
top four challenges food and beverage
processing businesses face, include:
• Workforce development and access
to skilled labour;
• Provincial electricity costs;
• Regulatory issues; and
• Implementation of growth strategies.

16. Ontario Mining Sector
Source - https://www.oma.on.ca/en/ontariomining/facts_figures.asp
• 9 mine sites operating in Ontario
• Nickel, gold, copper, zinc and platinum group metals
• Diamonds, salt, gypsum, talc, calcium carbonate, nepheline
syenite and other industrial minerals
• Ontario is the largest producer in Canada of gold, platinum group
metals and nickel, and the second largest producer of copper.
The province is also a major producer of salt and structural
materials.
• Mining benefits all areas of the province, providing a broad scope
of employment and entrepreneurial opportunities.
• Ontario is one of the safest mining jurisdictions in the world and
mining is one of the safest industries in Ontario, achieving a 96%
improvement in lost time injury frequency over the past 30
years.
• Value of mineral production in Ontario was $10.8 billion in 2015.
See Ontario mineral production highlights for 2015 and read
about the economic contribution of mining to the province.
• 90% of the mining GDP stays inside Ontario.
• 78,000 mineral production employees include direct employment
of 16,100.
• The opposite can be said of
two of Canada’s other large
jurisdictions — British
Columbia and Ontario —
which dropped in this year’s
rankings. Internationally,
Ontario places 18th (down
three spots from last year)
and B.C. ranks 27th, more
than ten places lower than
its 2015 position (18th).
http://www.mining.com/cana
das-saskatchewan-manitoba-
worlds-new-top-mining-
destinations/

17. Ontario Debt / Deficit
 Ontario’s budget watchdog says that the province’s deficit will be $2.6 billion in 2017-
18, despite a Liberal government pledge to balance the books by then. The Financial
Accountability Office released its economic and fiscal outlook today, saying that
beyond that fiscal year the deficit will deteriorate further to $3.7 billion in 2020-21.
 Ontario’s Liberal government is dipping into its reserve fund to help balance the
budget for the next two years, ahead of the next provincial election.
 An accounting dispute with the auditor general over how pension assets should
appear on the books is adding $2.2 billion to the deficit this fiscal year, but the
government insists it will reach balance by its self-imposed deadline of 2017-18.
 Ontario universities face several financial pressures, among them pension solvency
deficits, according to a new commentary by debt rating service DBRS Ltd. (who is on
the hook for the pension shortfall?

18. Government Waste
 Wynne’s waste
 P3 Costs $8B (source:
http://www.thestar.com/news/queenspark/2014/12/09/publicprivate_financing_cost_ontario_taxpayers_8_billion_auditor_says.html)
 Gas Plant conviction – http://nationalpost.com/opinion/christie-blatchford-conviction-in-ontario-gas-plants-scandal-is-a-victory-for-
common-sense
 Equalization $10B (http://www.fin.gc.ca/fedprov/mtp-eng.asp#Ontario)
 Gas Plant Cancellation $1.1B
(http://www.thestar.com/news/canada/2013/10/08/liberals_power_plant_cancellations_cost_11b_auditor_general.html)
 eHealth $1B (http://www.cbc.ca/news/canada/toronto/ehealth-scandal-a-1b-waste-auditor-1.808640)
 Selling excess power $1B/year http://kitchener.ctvnews.ca/ontario-paid-1-billion-to-export-surplus-power-in-2013-ndp-say-1.1647299 - 2013
amount only)
 Wind Subsidies $1B/year (http://www.netnewsledger.com/2014/03/05/ontario-wind-energy-plans-costing-1-billion-annually/)
 Ontario capital Expenditures $11.8B (http://www.fin.gov.on.ca/en/budget/paccts/2014/)
 Ontario shares of gas tax $750M (http://www.infrastructure.gc.ca/alt-format/pdf/GTF-FTE-20140905-eng.pdf)
 Municipalities Capital spending $6B
(http://www.amo.on.ca/Advocacy.aspx?searchtext=capital&searchmode=exactphrase&date=0;&issue=0;&category=0;)
 Wynne’s AIT Issues - http://www.cbc.ca/news/canada/saskatchewan/saskatchewan-premier-brad-wall-concerned-about-ontario-quebec-
position-on-energy-east-1.2848930.
 Oliver and Wynne barb over infrastructure - http://www.canadianmanufacturing.com/procurement/ontario-ottawa-trade-barbs-
infrastructure-funding-plan-142206/
 The government of Ontario as at least wasted $30B via failed projects. Ontario also has spent about $11B/year on capital with the
municipalities spending about $6B. So, why does Wynne not mention that in her speech?
 Source: http://www.slideshare.net/paulyoungcga/ontario-tax-and-spend-analysis