SlideShare a Scribd company logo
Ontario Debt
By: Paul Young, CPA, CGA
Ontario Debt
Debt service by year - Ontario
Credit Rating
Bonding rating system
Ontario Credit Rating
Sensitivity Analysis
2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014
Debt $ 132,121 $ 132,647 $ 138,816 $ 140,921 $ 152,702 $ 153,742 $ 156,616 $ 169,585 $ 193,589 $ 214,511 $ 235,582 $ 252,100 $ 267,200
Debt Service $ 10,900 $ 10,300 $ 9,700 $ 9,600 $ 9,400 $ 9,000 $ 8,800 $ 8,900 $ 8,600 $ 8,700 $ 9,600 $ 10,300 $ 11,400
Effective rates 8.2% 7.8% 7.3% 6.9% 6.7% 5.9% 5.7% 5.7% 5.1% 4.5% 4.5% 4.4% 4.5%
Sensitivity analysis $ 668
Ontario 2015
Sensitivity Analysis - Ontario
• Dear LPC or NDP supporter,
• I also work in fortune 500 for many years and that is also not the case in terms of adding 100K salaried employees. In fact there has
been cuts to high salary as part slashing middle to senior management positions with firms.
• The bulk of the business are small to medium size as such they do not pay 100K salaries very often as they cannot afford the costs.
• The government goes by its own drum as such does not necessarily align their pay scales with the private sector.
• Public Sector workers on average are paid 13% more than the private sector. The compensation earned by government workers is the
issue with me! http://www.cfib-fcei.ca/english/article/6301-a-closer-look-at-private-public-sector-wage-gaps.html
• There many reason why system is broke:
• arbitration is not align with ability to pay
• Government pay grid is out align with private sector
• pension funding is not sustainable
• Government does not operate in competitive environment as such there is no pressure on wages other than internal restrictions.
• There are too many duplicate departments as such they add cost to the system (LHINs, CCAC, etc)
• Approximately 50 cents of any dollar spent by government is related to payroll. Ontario has $11B deficit as such half of the deficit goes
to compensation. http://www.slideshare.net/paulyoungcga/ontario-tax-and-spend-analysis
• Source:
• http://www.auditor.on.ca/en/reports_en/en14/303en14.pdf
• http://cnews.canoe.ca/CNEWS/Canada/2014/01/26/21426631.html
• http://www.slideshare.net/paulyoungcga/municipalities-canada
• http://www.thestar.com/business/economy/2015/02/23/moodys-says-ontario-has-a-spending-problem.html
• http://globalnews.ca/news/1359634/reality-check-comparing-ontarios-public-and-private-sectors/

More Related Content

Viewers also liked

生活環境 孩子的無聲教科書
生活環境   孩子的無聲教科書生活環境   孩子的無聲教科書
生活環境 孩子的無聲教科書Arc Lin
 
Nuclear in the uk
Nuclear in the ukNuclear in the uk
Nuclear in the uk
Guillaume R. Fery
 
Surfactant-modified native soil in the treatment of oil field (Nimr) produc...
Surfactant-modified native soil in the treatment of oil field (Nimr)   produc...Surfactant-modified native soil in the treatment of oil field (Nimr)   produc...
Surfactant-modified native soil in the treatment of oil field (Nimr) produc...
mahfoodhshuely
 
Orient ancien
Orient ancienOrient ancien
Orient ancien
Salle 212
 
Wrt301 thesis
Wrt301 thesisWrt301 thesis
Wrt301 thesis
Pamela Hernandez
 
About trail blazers & warriors live stream
About trail blazers & warriors live streamAbout trail blazers & warriors live stream
About trail blazers & warriors live stream
Live Streamz
 
Eat to lose weight
Eat to lose weightEat to lose weight
Eat to lose weightmsy198
 
BPS Business Overview_23 April 2015
BPS Business Overview_23 April 2015BPS Business Overview_23 April 2015
BPS Business Overview_23 April 2015
Jose Martins
 
Thinking About The Future 2
Thinking About The Future 2Thinking About The Future 2
Thinking About The Future 2
Nigel Tebbutt
 
Strategic analysis case-framework.ppt[1]
Strategic analysis  case-framework.ppt[1]Strategic analysis  case-framework.ppt[1]
Strategic analysis case-framework.ppt[1]
swtheart2009
 
Winterdekoration
WinterdekorationWinterdekoration
Winterdekoration
Gisela Kemper
 
Pdf1
Pdf1Pdf1
Pdf1
olipka
 
Juklak fls2 n 2016
Juklak fls2 n 2016Juklak fls2 n 2016
Juklak fls2 n 2016
Chusnul Labib
 
Business Model Canvas Workshop
Business Model Canvas Workshop Business Model Canvas Workshop
Business Model Canvas Workshop
Graham Gardiner
 
Presentation on khosla's theory (Numerical Example)
Presentation on khosla's theory (Numerical Example)Presentation on khosla's theory (Numerical Example)
Presentation on khosla's theory (Numerical Example)
Suman Chapagain
 
Les Européens dans le peuplement de la Terre
Les Européens dans le peuplement de la TerreLes Européens dans le peuplement de la Terre
Les Européens dans le peuplement de la Terre
Vianney Orjebin
 

Viewers also liked (16)

生活環境 孩子的無聲教科書
生活環境   孩子的無聲教科書生活環境   孩子的無聲教科書
生活環境 孩子的無聲教科書
 
Nuclear in the uk
Nuclear in the ukNuclear in the uk
Nuclear in the uk
 
Surfactant-modified native soil in the treatment of oil field (Nimr) produc...
Surfactant-modified native soil in the treatment of oil field (Nimr)   produc...Surfactant-modified native soil in the treatment of oil field (Nimr)   produc...
Surfactant-modified native soil in the treatment of oil field (Nimr) produc...
 
Orient ancien
Orient ancienOrient ancien
Orient ancien
 
Wrt301 thesis
Wrt301 thesisWrt301 thesis
Wrt301 thesis
 
About trail blazers & warriors live stream
About trail blazers & warriors live streamAbout trail blazers & warriors live stream
About trail blazers & warriors live stream
 
Eat to lose weight
Eat to lose weightEat to lose weight
Eat to lose weight
 
BPS Business Overview_23 April 2015
BPS Business Overview_23 April 2015BPS Business Overview_23 April 2015
BPS Business Overview_23 April 2015
 
Thinking About The Future 2
Thinking About The Future 2Thinking About The Future 2
Thinking About The Future 2
 
Strategic analysis case-framework.ppt[1]
Strategic analysis  case-framework.ppt[1]Strategic analysis  case-framework.ppt[1]
Strategic analysis case-framework.ppt[1]
 
Winterdekoration
WinterdekorationWinterdekoration
Winterdekoration
 
Pdf1
Pdf1Pdf1
Pdf1
 
Juklak fls2 n 2016
Juklak fls2 n 2016Juklak fls2 n 2016
Juklak fls2 n 2016
 
Business Model Canvas Workshop
Business Model Canvas Workshop Business Model Canvas Workshop
Business Model Canvas Workshop
 
Presentation on khosla's theory (Numerical Example)
Presentation on khosla's theory (Numerical Example)Presentation on khosla's theory (Numerical Example)
Presentation on khosla's theory (Numerical Example)
 
Les Européens dans le peuplement de la Terre
Les Européens dans le peuplement de la TerreLes Européens dans le peuplement de la Terre
Les Européens dans le peuplement de la Terre
 

Similar to Province of Ontario - Fiscal Nightmare

State of Illinois Budget
State of Illinois BudgetState of Illinois Budget
State of Illinois Budget
Richard Voltz
 
Tax free transportation 2013
Tax free transportation 2013Tax free transportation 2013
Tax free transportation 2013
miker_commuteseattle
 
A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.
A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.
A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.
Jon Yoffie
 
Funding and Economic Issues - Ontario
Funding and Economic Issues - OntarioFunding and Economic Issues - Ontario
Funding and Economic Issues - Ontario
paul young cpa, cga
 
Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13
abear202
 
Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13
abear202
 
Employer Tax Credit Programs
Employer Tax Credit ProgramsEmployer Tax Credit Programs
Employer Tax Credit Programs
HK Payroll Services, Inc. (HKP)
 
Ohcs aies slideshow_web
Ohcs aies slideshow_webOhcs aies slideshow_web
Ohcs aies slideshow_web
rpickett
 
Dynamic Scoring and Tax Reform
Dynamic Scoring and Tax ReformDynamic Scoring and Tax Reform
Dynamic Scoring and Tax Reform
Committee for a Responsible Federal Budget
 
Personal Finance: Cash Flow and Budget Management | finpins.com
Personal Finance: Cash Flow and Budget Management | finpins.comPersonal Finance: Cash Flow and Budget Management | finpins.com
Personal Finance: Cash Flow and Budget Management | finpins.com
Sumeet Sinha
 
Finance And Budget Text Questions Essay
Finance And Budget Text Questions EssayFinance And Budget Text Questions Essay
Finance And Budget Text Questions Essay
Kate Subramanian
 
CARES • Finance 101
CARES • Finance 101CARES • Finance 101
CARES • Finance 101
cottleville
 
Credit Repair Program- 100% Satisfaction Guarantee!
Credit Repair Program- 100% Satisfaction Guarantee!Credit Repair Program- 100% Satisfaction Guarantee!
Credit Repair Program- 100% Satisfaction Guarantee!
Kendra Pack
 
Power point slide presentation of the final projectobjectivedi
Power point slide presentation of the final projectobjectivediPower point slide presentation of the final projectobjectivedi
Power point slide presentation of the final projectobjectivedi
MARK547399
 
My CAFA Presentation
My CAFA PresentationMy CAFA Presentation
My CAFA Presentation
agentnpv
 
Barry central chapter meeting power point
Barry central chapter meeting power pointBarry central chapter meeting power point
Barry central chapter meeting power point
Jenna Earley, M.P.A.
 
Bellwether government performance services
Bellwether government performance servicesBellwether government performance services
Bellwether government performance services
delashmit1
 
Proposed 2012 Budget - Salaries and Wages
Proposed 2012 Budget - Salaries and WagesProposed 2012 Budget - Salaries and Wages
Proposed 2012 Budget - Salaries and Wages
City Brandon
 
Training Presentation Credit Resto
Training Presentation Credit RestoTraining Presentation Credit Resto
Training Presentation Credit Resto
TwinLakesBrothers
 
VR-Tech Marketing Group, LLC and UCES
VR-Tech Marketing Group, LLC and UCESVR-Tech Marketing Group, LLC and UCES
VR-Tech Marketing Group, LLC and UCES
FES Financial Education Services FES
 

Similar to Province of Ontario - Fiscal Nightmare (20)

State of Illinois Budget
State of Illinois BudgetState of Illinois Budget
State of Illinois Budget
 
Tax free transportation 2013
Tax free transportation 2013Tax free transportation 2013
Tax free transportation 2013
 
A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.
A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.
A State & Local Finance Market Briefing: Trends. Drivers. Opportunities.
 
Funding and Economic Issues - Ontario
Funding and Economic Issues - OntarioFunding and Economic Issues - Ontario
Funding and Economic Issues - Ontario
 
Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13
 
Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13Ives town hall ppt 07.23.13
Ives town hall ppt 07.23.13
 
Employer Tax Credit Programs
Employer Tax Credit ProgramsEmployer Tax Credit Programs
Employer Tax Credit Programs
 
Ohcs aies slideshow_web
Ohcs aies slideshow_webOhcs aies slideshow_web
Ohcs aies slideshow_web
 
Dynamic Scoring and Tax Reform
Dynamic Scoring and Tax ReformDynamic Scoring and Tax Reform
Dynamic Scoring and Tax Reform
 
Personal Finance: Cash Flow and Budget Management | finpins.com
Personal Finance: Cash Flow and Budget Management | finpins.comPersonal Finance: Cash Flow and Budget Management | finpins.com
Personal Finance: Cash Flow and Budget Management | finpins.com
 
Finance And Budget Text Questions Essay
Finance And Budget Text Questions EssayFinance And Budget Text Questions Essay
Finance And Budget Text Questions Essay
 
CARES • Finance 101
CARES • Finance 101CARES • Finance 101
CARES • Finance 101
 
Credit Repair Program- 100% Satisfaction Guarantee!
Credit Repair Program- 100% Satisfaction Guarantee!Credit Repair Program- 100% Satisfaction Guarantee!
Credit Repair Program- 100% Satisfaction Guarantee!
 
Power point slide presentation of the final projectobjectivedi
Power point slide presentation of the final projectobjectivediPower point slide presentation of the final projectobjectivedi
Power point slide presentation of the final projectobjectivedi
 
My CAFA Presentation
My CAFA PresentationMy CAFA Presentation
My CAFA Presentation
 
Barry central chapter meeting power point
Barry central chapter meeting power pointBarry central chapter meeting power point
Barry central chapter meeting power point
 
Bellwether government performance services
Bellwether government performance servicesBellwether government performance services
Bellwether government performance services
 
Proposed 2012 Budget - Salaries and Wages
Proposed 2012 Budget - Salaries and WagesProposed 2012 Budget - Salaries and Wages
Proposed 2012 Budget - Salaries and Wages
 
Training Presentation Credit Resto
Training Presentation Credit RestoTraining Presentation Credit Resto
Training Presentation Credit Resto
 
VR-Tech Marketing Group, LLC and UCES
VR-Tech Marketing Group, LLC and UCESVR-Tech Marketing Group, LLC and UCES
VR-Tech Marketing Group, LLC and UCES
 

More from paul young cpa, cga

Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxRetail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
paul young cpa, cga
 
Addressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptxAddressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptx
paul young cpa, cga
 
Global Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptxGlobal Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptx
paul young cpa, cga
 
What is next for the Mining Sector.pptx
What is next for the Mining Sector.pptxWhat is next for the Mining Sector.pptx
What is next for the Mining Sector.pptx
paul young cpa, cga
 
Manufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptxManufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptx
paul young cpa, cga
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptxStock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptx
paul young cpa, cga
 
Manufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptxManufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptx
paul young cpa, cga
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptxElectricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptx
paul young cpa, cga
 
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
paul young cpa, cga
 
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
paul young cpa, cga
 
How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...
paul young cpa, cga
 
What is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptxWhat is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptx
paul young cpa, cga
 
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
paul young cpa, cga
 
Better Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptxBetter Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptx
paul young cpa, cga
 
Stock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptxStock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptx
paul young cpa, cga
 
Workforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptxWorkforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptx
paul young cpa, cga
 
Global Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptxGlobal Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptx
paul young cpa, cga
 
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
paul young cpa, cga
 
World Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptxWorld Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptx
paul young cpa, cga
 
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptxWhat is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
paul young cpa, cga
 

More from paul young cpa, cga (20)

Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxRetail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
 
Addressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptxAddressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptx
 
Global Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptxGlobal Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptx
 
What is next for the Mining Sector.pptx
What is next for the Mining Sector.pptxWhat is next for the Mining Sector.pptx
What is next for the Mining Sector.pptx
 
Manufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptxManufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptx
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptxStock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptx
 
Manufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptxManufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptx
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptxElectricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptx
 
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
 
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
 
How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...
 
What is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptxWhat is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptx
 
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
 
Better Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptxBetter Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptx
 
Stock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptxStock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptx
 
Workforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptxWorkforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptx
 
Global Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptxGlobal Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptx
 
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
 
World Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptxWorld Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptx
 
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptxWhat is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
 

Recently uploaded

The Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan ApprovalsThe Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan Approvals
Vighnesh Shashtri
 
How Does CRISIL Evaluate Lenders in India for Credit Ratings
How Does CRISIL Evaluate Lenders in India for Credit RatingsHow Does CRISIL Evaluate Lenders in India for Credit Ratings
How Does CRISIL Evaluate Lenders in India for Credit Ratings
Shaheen Kumar
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Henry Tapper
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
nimaruinazawa258
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Falcon Invoice Discounting
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
qntjwn68
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
FinTech Belgium
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
Colin R. Turner
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
k4ncd0z
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
Neal Brewster
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
University of Calabria
 
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across ScotlandEnding stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
ResolutionFoundation
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
5spllj1l
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
shruti1menon2
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
Commonwealth
 

Recently uploaded (20)

The Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan ApprovalsThe Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan Approvals
 
How Does CRISIL Evaluate Lenders in India for Credit Ratings
How Does CRISIL Evaluate Lenders in India for Credit RatingsHow Does CRISIL Evaluate Lenders in India for Credit Ratings
How Does CRISIL Evaluate Lenders in India for Credit Ratings
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
 
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across ScotlandEnding stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
 

Province of Ontario - Fiscal Nightmare

  • 1. Ontario Debt By: Paul Young, CPA, CGA
  • 3. Debt service by year - Ontario
  • 7. Sensitivity Analysis 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 Debt $ 132,121 $ 132,647 $ 138,816 $ 140,921 $ 152,702 $ 153,742 $ 156,616 $ 169,585 $ 193,589 $ 214,511 $ 235,582 $ 252,100 $ 267,200 Debt Service $ 10,900 $ 10,300 $ 9,700 $ 9,600 $ 9,400 $ 9,000 $ 8,800 $ 8,900 $ 8,600 $ 8,700 $ 9,600 $ 10,300 $ 11,400 Effective rates 8.2% 7.8% 7.3% 6.9% 6.7% 5.9% 5.7% 5.7% 5.1% 4.5% 4.5% 4.4% 4.5% Sensitivity analysis $ 668
  • 10. • Dear LPC or NDP supporter, • I also work in fortune 500 for many years and that is also not the case in terms of adding 100K salaried employees. In fact there has been cuts to high salary as part slashing middle to senior management positions with firms. • The bulk of the business are small to medium size as such they do not pay 100K salaries very often as they cannot afford the costs. • The government goes by its own drum as such does not necessarily align their pay scales with the private sector. • Public Sector workers on average are paid 13% more than the private sector. The compensation earned by government workers is the issue with me! http://www.cfib-fcei.ca/english/article/6301-a-closer-look-at-private-public-sector-wage-gaps.html • There many reason why system is broke: • arbitration is not align with ability to pay • Government pay grid is out align with private sector • pension funding is not sustainable • Government does not operate in competitive environment as such there is no pressure on wages other than internal restrictions. • There are too many duplicate departments as such they add cost to the system (LHINs, CCAC, etc) • Approximately 50 cents of any dollar spent by government is related to payroll. Ontario has $11B deficit as such half of the deficit goes to compensation. http://www.slideshare.net/paulyoungcga/ontario-tax-and-spend-analysis • Source: • http://www.auditor.on.ca/en/reports_en/en14/303en14.pdf • http://cnews.canoe.ca/CNEWS/Canada/2014/01/26/21426631.html • http://www.slideshare.net/paulyoungcga/municipalities-canada • http://www.thestar.com/business/economy/2015/02/23/moodys-says-ontario-has-a-spending-problem.html • http://globalnews.ca/news/1359634/reality-check-comparing-ontarios-public-and-private-sectors/