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SCORECARD
– ONTARIO –
JUNE 2022
Presenter Name: Paul Young
CPA, CGA
Date: July 31, 2022
PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
YouTube - https://www.youtube.com/user/youngercga1968/videos
AGENDA
• Latest Forecast – Ontario
• Employment
• Inflation
• Electricity Price Index
• Building Permits
• Housing
• Manufacturing
• Ontario Taxation
• Provincial comparison
PRESENTATION TITLE 2/11/20XX 3
EMPLOYMENT - ONTARIO
PRESENTATION TITLE 2/11/20XX 4
Source – Stats Canada
LATEST FORECAST – ONTARIO
PRESENTATION TITLE 2/11/20XX 5
ProvincialEconomicFo
recast_Jun2022.pdf
Source – TD Bank
ONTARIO INFLATION
PRESENTATION TITLE 2/11/20XX 6
ELECTRICITY PRICE
INDEX
PRESENTATION TITLE 2/11/20XX 7
NEW BUILDING
PRESENTATION TITLE 2/11/20XX 8
HOUSING
PRESENTATION TITLE 2/11/20XX 9
MANUFACTURING
PRESENTATION TITLE 2/11/20XX 10
ONTARIO TAXATION
PRESENTATION TITLE 2/11/20XX 11
The Impact of
Provincial Spending and Revenue Collection on Ontario Families - EN.pdf
PROVINCIAL
COMPARISON
PRESENTATION TITLE 2/11/20XX 12
2020-21
Interprovincial Comparison - EN.pdf
SUMMARY
• Ontario needs to address issues with healthcare delivery model to include expanding homecare and
private clinics
• Ontario needs to address issues with education including more ARC reviews, wage/pension/benefit
reforms for instructions, more focus on STEM and skills trades.
• Ontario needs to work all levels of government and indigenous bands to develop the mining and forestry
sector in Ontario. Ontario should take a page from PQ on how to best to develop the mining and forestry
sector
• Ontario needs to establish new land-use policies including re-zoning, urban vs rural planning, transition
optimization, adoption of 3D printing, water management,
• Ontario needs to work with federal government on taxation and regulatory reform as part of supporting
advance manufacturing sector in Ontario
• Ontario government needs to develop a new governance model as part of providing more oversight into
program spending and outcomes.
• Ontario needs to build resilient supply system including port expansion (Thunder Bay, Sault Ste Marie,
Hamilton, Goderich, reshoring parts of the supply chain, developing of critical metals, reducing farm
input costs, etc
PRESENTATION TITLE 2/11/20XX 13
Blog – Key Scorecard – Fiscal and Economic – Ontario – June 2022
Ontario needs to start addressing issues with both education and healthcare delivery model
Ontario needs to work with all levels of government, private sector, and Indigenous bands to streamline
the approval process for natural resources projects.
Ontario needs to develop a rural and urban strategy on land-use
Ontario needs to push the government of reforming their climate agenda as it relates to food security
and safety.
E xp enditur e Mo nito r
2021-22 Q4-E N.pdf
No Quick fix fo r
Onta r io E R r o o ms s hutter ed due to s ta ffing s ho r ta ges .pdf
Stephen Lecce unveils
‘ca tch-up’ pla n fo r Onta r io s tudents a fter COVID-19 dis r uptio ns News to r o nto .com.pdf
Pr o vinces dema nd
mo r e contr o l o ver immigr a tio n to comba t la bo ur s ho r ta ge CBC Sk
ills ga p.pdf
Victo r y Begins Wo r k
Pr o gr a m o n Its Geo r gia La k
e Lithium Pr o ject in Onta r io .pdf
Ba tter y compa ny
Umicor e a nno unces $1.5-billio n inves tment in Onta r io Fina ncia l Po s t.pdf
The Da ily — Mo nthly
Sur vey o f Ma nufa ctur ing, Ma y 2022.pdf
Onta r io fa r mer s s a y
Ca na da 's fer tilizer ta r iff punis hes them fo r Rus s ia 's wa r CBC News .pdf
Onta r io inves ts in
gr een s teel techno lo gy in Ha milto n TheSpec.com.pdf
Onta r io
well-po s itio ned to unlea s h full po tentia l o f the fo r es t indus tr y a nd bio econo my OFIA - Ca na dia n Bio ma s s Ma ga zine.pdf
Ca na dia n_Ho us ing_M
a r k
et_Fo r eca s t_Upda te_July_2022.pdf
Fis ca l wa tchdo g finds
Onta r io s pent $7.2B les s tha n pla nned, pr o jects s ma ller deficit CBC News .pdf
1. Ontario Mining - https://investingnews.com/victory-begins-work-program-on-its-georgia-lake-
lithium-project-in-ontario/
2. Electrical - https://financialpost.com/commodities/energy/electric-vehicles/belgian-battery-
company-announces-1-5-billion-ontario-investment
3. Manufacturing - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
4. Farmers - https://www.cbc.ca/news/politics/general-tariff-inflation-food-fertilizer-prices-
1.6528857
5. Steel Production - https://www.cbc.ca/news/politics/general-tariff-inflation-food-fertilizer-
prices-1.6528857
6. Forestry - https://www.canadianbiomassmagazine.ca/ontario-well-positioned-to-unleash-full-
potential-of-the-forest-industry-and-bioeconomy-ofia/
7. Housing - https://thoughtleadership.rbc.com/downgrading-our-forecast-for-canadas-housing-
market/
8. Fiscal -= https://www.cbc.ca/news/canada/toronto/fao-report-project-deficit-lower-spending-
1.6525084
9. Healthcare - https://ca.news.yahoo.com/no-quick-fix-ontario-er-020851129.html
10. Education - https://www.toronto.com/news/stephen-lecce-unveils-catch-up-plan-for-ontario-
students-after-covid-19-disruptions/article_015e88f5-4d0e-57fd-980a-f4519021eefb.html
11. Skills gap - https://www.cbc.ca/news/canada/toronto/provincial-immigration-labour-1.6532956

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Scorecard – Ontario – June 2022.pptx

  • 1. SCORECARD – ONTARIO – JUNE 2022 Presenter Name: Paul Young CPA, CGA Date: July 31, 2022
  • 2. PAUL YOUNG - BIO • CPA, CGA (1996) • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Customer Success Management • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa YouTube - https://www.youtube.com/user/youngercga1968/videos
  • 3. AGENDA • Latest Forecast – Ontario • Employment • Inflation • Electricity Price Index • Building Permits • Housing • Manufacturing • Ontario Taxation • Provincial comparison PRESENTATION TITLE 2/11/20XX 3
  • 4. EMPLOYMENT - ONTARIO PRESENTATION TITLE 2/11/20XX 4 Source – Stats Canada
  • 5. LATEST FORECAST – ONTARIO PRESENTATION TITLE 2/11/20XX 5 ProvincialEconomicFo recast_Jun2022.pdf Source – TD Bank
  • 11. ONTARIO TAXATION PRESENTATION TITLE 2/11/20XX 11 The Impact of Provincial Spending and Revenue Collection on Ontario Families - EN.pdf
  • 12. PROVINCIAL COMPARISON PRESENTATION TITLE 2/11/20XX 12 2020-21 Interprovincial Comparison - EN.pdf
  • 13. SUMMARY • Ontario needs to address issues with healthcare delivery model to include expanding homecare and private clinics • Ontario needs to address issues with education including more ARC reviews, wage/pension/benefit reforms for instructions, more focus on STEM and skills trades. • Ontario needs to work all levels of government and indigenous bands to develop the mining and forestry sector in Ontario. Ontario should take a page from PQ on how to best to develop the mining and forestry sector • Ontario needs to establish new land-use policies including re-zoning, urban vs rural planning, transition optimization, adoption of 3D printing, water management, • Ontario needs to work with federal government on taxation and regulatory reform as part of supporting advance manufacturing sector in Ontario • Ontario government needs to develop a new governance model as part of providing more oversight into program spending and outcomes. • Ontario needs to build resilient supply system including port expansion (Thunder Bay, Sault Ste Marie, Hamilton, Goderich, reshoring parts of the supply chain, developing of critical metals, reducing farm input costs, etc PRESENTATION TITLE 2/11/20XX 13 Blog – Key Scorecard – Fiscal and Economic – Ontario – June 2022 Ontario needs to start addressing issues with both education and healthcare delivery model Ontario needs to work with all levels of government, private sector, and Indigenous bands to streamline the approval process for natural resources projects. Ontario needs to develop a rural and urban strategy on land-use Ontario needs to push the government of reforming their climate agenda as it relates to food security and safety. E xp enditur e Mo nito r 2021-22 Q4-E N.pdf No Quick fix fo r Onta r io E R r o o ms s hutter ed due to s ta ffing s ho r ta ges .pdf Stephen Lecce unveils ‘ca tch-up’ pla n fo r Onta r io s tudents a fter COVID-19 dis r uptio ns News to r o nto .com.pdf Pr o vinces dema nd mo r e contr o l o ver immigr a tio n to comba t la bo ur s ho r ta ge CBC Sk ills ga p.pdf Victo r y Begins Wo r k Pr o gr a m o n Its Geo r gia La k e Lithium Pr o ject in Onta r io .pdf Ba tter y compa ny Umicor e a nno unces $1.5-billio n inves tment in Onta r io Fina ncia l Po s t.pdf The Da ily — Mo nthly Sur vey o f Ma nufa ctur ing, Ma y 2022.pdf Onta r io fa r mer s s a y Ca na da 's fer tilizer ta r iff punis hes them fo r Rus s ia 's wa r CBC News .pdf Onta r io inves ts in gr een s teel techno lo gy in Ha milto n TheSpec.com.pdf Onta r io well-po s itio ned to unlea s h full po tentia l o f the fo r es t indus tr y a nd bio econo my OFIA - Ca na dia n Bio ma s s Ma ga zine.pdf Ca na dia n_Ho us ing_M a r k et_Fo r eca s t_Upda te_July_2022.pdf Fis ca l wa tchdo g finds Onta r io s pent $7.2B les s tha n pla nned, pr o jects s ma ller deficit CBC News .pdf 1. Ontario Mining - https://investingnews.com/victory-begins-work-program-on-its-georgia-lake- lithium-project-in-ontario/ 2. Electrical - https://financialpost.com/commodities/energy/electric-vehicles/belgian-battery- company-announces-1-5-billion-ontario-investment 3. Manufacturing - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm 4. Farmers - https://www.cbc.ca/news/politics/general-tariff-inflation-food-fertilizer-prices- 1.6528857 5. Steel Production - https://www.cbc.ca/news/politics/general-tariff-inflation-food-fertilizer- prices-1.6528857 6. Forestry - https://www.canadianbiomassmagazine.ca/ontario-well-positioned-to-unleash-full- potential-of-the-forest-industry-and-bioeconomy-ofia/ 7. Housing - https://thoughtleadership.rbc.com/downgrading-our-forecast-for-canadas-housing- market/ 8. Fiscal -= https://www.cbc.ca/news/canada/toronto/fao-report-project-deficit-lower-spending- 1.6525084 9. Healthcare - https://ca.news.yahoo.com/no-quick-fix-ontario-er-020851129.html 10. Education - https://www.toronto.com/news/stephen-lecce-unveils-catch-up-plan-for-ontario- students-after-covid-19-disruptions/article_015e88f5-4d0e-57fd-980a-f4519021eefb.html 11. Skills gap - https://www.cbc.ca/news/canada/toronto/provincial-immigration-labour-1.6532956