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Category: Taxes and Benefits

Home Business and Economy

Ontario balanced-budget delay called ‘a risky strategy’

C.D. Howe commentary says Ontario should move more quickly on deficit fighting but Ottawa should delay its plan to balance the books. ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
23.07.2014 John Valorzi 0 0

S & P affirms Ontario credit rating, but with negative outlook

Ontario maintains AA- rating for long-term bonds, and A-1+ on short-term debt and commercial paper, but S&P expresses concern that the government may not be able to balance the books as planned. ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
21.07.2014 credit rating agencies John Valorzi 0 0

C.D. Howe Institute says Ontario business investment dismal

C.D. Howe report urges more private investment, and notes Ontario and Quebec have weak performances in investing in workers. ...

Business and Economy, Government, Jobs and Employment, modernization, News, Taxes and Benefits
17.07.2014 John Valorzi 0 0

Rob Ford’s budget criticism taken with grain of salt

Finance Minister Charles Sousa is not particularly worried about criticism from the Toronto mayor, noting a big chunk of provincial spending goes to the GTHA. ...

Government, Home and Community, News, Taxes and Benefits
15.07.2014 John Michael McGrath 0 0
Sousa brings insurance, towing bill as rates climb slightly

Sousa brings insurance, towing bill as rates climb slightly

Finance Minister Charles Sousa says that, despite a slight climb in auto insurance rates, Liberals are still committed to 15-per-cent cuts but not until 2015. ...

Driving and Roads, Government, News, Taxes and Benefits
15.07.2014 John Michael McGrath 0 0

Ontario keeps its credit rating – with a caveat

DBRS maintains AA (low) with "stable" trend but, regarding the deficit, agency has "doubts that the government will have the fortitude to make the difficult decisions required to adhere to its original targets." ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
15.07.2014 John Valorzi 0 0

Budget2: List of changes in new budget from May 1 fiscal plan

An update on the original budget, Bill 194, which was tabled at the beginning of May. ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
14.07.2014 budget 2014 John Valorzi 0 0

Budget2: Jobs and prosperity fund also includes subsidy program review

Budget provides $2.5-billion jobs and prosperity fund but also promises review of all subsidy programs, including aid to businesses. ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
14.07.2014 budget 2014 John Valorzi 0 0

Budget2: Liberals’ Ontario retirement pension plan bill coming this fall

Legislation for new provincial pension plan will be phased in starting 2017 and is expected to begin with the largest employers, according to retabled budget. ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
14.07.2014 John Valorzi 0 0

Seen: Strike begins at Bombardier transit car plant in Thunder Bay

...

Business and Economy, Jobs and Employment, News, Seen, Heard, Happening, Taxes and Benefits
14.07.2014 Unifor QP Briefing Staff 0 0

Budget won’t include cap on hospital parking, Liberal election promises nothwithstanding

Health and Long-Term Care Minister Eric Hoskins says government first needs to consult stakeholders, while hospitals continue to levy charges to help balance their budgets. ...

Government, Health and Wellness, News, Taxes and Benefits
14.07.2014 John Michael McGrath 0 0

Heard: OMA chides Hoskins for comments on wage talks

...

Health and Wellness, Jobs and Employment, News, Seen, Heard, Happening, Taxes and Benefits
14.07.2014 OMA, Ontario Medical Association John Valorzi 0 0

Seen: Wheelchair cab drivers protest at TTC offices over wage cuts

...

Jobs and Employment, News, Seen, Heard, Happening, Taxes and Benefits
14.07.2014 TTC, WheelTrans QP Briefing Staff 0 0
Gas tax fund agreement injects billions into infrastructure

Gas tax fund agreement injects billions into infrastructure

Ottawa signs $8.1 billion gasoline tax deal for infrastructure with AMO ...

Business and Economy, Home and Community, News, Taxes and Benefits, Travel and Recreation
11.07.2014 David Weisz 0 0

Happening: Morneau Shepell launches new pension website

...

Business and Economy, News, Seen, Heard, Happening, Taxes and Benefits
10.07.2014 QP Briefing Staff 0 0

Province to save $432 million on teachers’ pensions

Spending estimates show government will make lower contributions to the fund thanks to an improved financial performance. ...

Business and Economy, Education and Training, Government, News, Question Period, Taxes and Benefits
08.07.2014 John Valorzi 0 0

Thomas calls for ‘fairness test’ to shield poor from deficit fight

In letter to Kathleen Wynne, OPSEU head also presses Liberals to back away from more privatization of government services. ...

Business and Economy, Government, Jobs and Employment, News, Taxes and Benefits
07.07.2014 John Valorzi 0 0

Hoskins applauds court ruling on refugee health care

A decision that strikes down Ottawa’s move to cut care for claimants 'reflects the principles of fairness and compassion, providing the right care for those who need it,' health minister says. ...

Health and Wellness, Law and Safety, News, Taxes and Benefits
04.07.2014 QP Briefing Staff 0 0

OPSEU head says lower-paid workers should get a raise

Those earning six figures would (grudgingly) deal with a pay freeze, Thomas suggests, but 'for somebody making $40,000 a year, to lose ground every year due to inflation is very painful.' ...

Government, Jobs and Employment, News, Taxes and Benefits
04.07.2014 John Valorzi 0 0

Throne speech: Pension plan geared to ‘economic confidence’

'Absent a federal partner, your government will not sit idly by while more Ontarians move towards retirement without the savings they will need to live comfortably.' ...

Business and Economy, Jobs and Employment, News, Question Period, Taxes and Benefits
03.07.2014 John Valorzi 0 0

Seen: Some Ontario tax changes went into effect Canada Day

...

News, Seen, Heard, Happening, Taxes and Benefits
02.07.2014 QP Briefing Staff 0 0

Fife says she’ll follow the money in new role as finance critic

NDP finance critic Catherine Fife says she'll use her new role to expose what her leader called a 'trojan horse' budget. ...

Government, News, Taxes and Benefits
30.06.2014 John Michael McGrath 0 0
MacCharles looking forward to busy summer session

MacCharles looking forward to busy summer session

Minister of Children and Youth Services Tracy MacCharles says to expect a substantial legislative agenda when the Liberals return with a majority in the house. ...

Government, News, Taxes and Benefits
30.06.2014 John Michael McGrath 0 0

Drummond report card: Libs working on some big items but still have work to do

Liberals say they are working on 80 per cent of Drummond report but big ticket items still left on the table. ...

Business and Economy, Government, Jobs and Employment, modernization, News, Taxes and Benefits
27.06.2014 Drummond report John Valorzi 0 0

OPS won’t bear brunt of balancing the budget, Wynne insists

Premier rejects a notion floated by economist Don Drummond that Liberals likely will be forced to embrace Tim Hudak-style job cuts. ...

Government, News, Taxes and Benefits
27.06.2014 John Michael McGrath 0 0

Ontario viewed as highest-taxed province, Abacus survey finds

'Considering that Ontario and B.C. have some of the lowest taxes in the country, the results present a perception problem,' pollster observes. 'It seems the grass is always greener when it comes to tax rates in other pr ...

Business and Economy, Government, News, Taxes and Benefits
27.06.2014 John Valorzi 0 0

Rookie MPP takes on an age-old issue: pensions

Mitzie Hunter, in the newly created position of associate minister of finance, will oversee the implementation of a made-in-Ontario retirement plan. ...

Business and Economy, Government, News, Taxes and Benefits
24.06.2014 John Valorzi 0 0

Fuel taxes for transit expansion faces law of diminishing return

A report from the Residential and Civil Construction Alliance of Ontario says the province needs to look seriously at a wider use of road tolls and parking pricing to fund its transit ambitions. ...

Driving and Roads, News, Taxes and Benefits
24.06.2014 John Michael McGrath 0 0

National pension advisers call for mixed system for boosting pensions

Association of Canadian Pension Management says governments shouldn’t rely only on mandatory plans, but rather a balanced approach that includes voluntary savings through incentives. ...

Business and Economy, Jobs and Employment, News, Taxes and Benefits
23.06.2014 Canada Pension Plan, CPP, ONtario Retirement Pension Plan, ORPP, pensions John Valorzi 0 0
Oliver denies Ottawa is short-changing Ontario

Oliver denies Ottawa is short-changing Ontario

Canada's Parliamentary Budget Officer says changes to federal-provincial transfers are leaving Ontario $1.2 billion behind. ...

Government, News, Taxes and Benefits
19.06.2014 equalization, transfer payments John Michael McGrath 0 0

Seen: Former Teachers CEO Leech wins lifetime award

...

News, Seen, Heard, Happening, Taxes and Benefits
18.06.2014 QP Briefing Staff 0 0

Canada most competitive in business tax, KPMG finds

A study suggests Ontario has some wiggle room in the contentious issue of raising corporate rates to generate more revenue. ...

Business and Economy, Election 2014, News, Taxes and Benefits
17.06.2014 John Valorzi 0 0

Liberals to essentially freeze program spending after this year

Underpublicized spending restraints are already worrying the province's public sector unions, who will be in contract talks this year. ...

Business and Economy, Election 2014, Government, Jobs and Employment, News, Taxes and Benefits
13.06.2014 John Valorzi 0 0

Hudak promises action in first 100 days in premier’s office

If elected, Tory Leader would immediately begin implementing campaign promises aimed at job creation and fiscal prudence - starting with a drastically slimmed cabinet ...

Business and Economy, Election 2014, Government, Jobs and Employment, News, Taxes and Benefits
06.06.2014 John Valorzi 0 0

Heard: Ontarians focused on jobs but still want social services

...

Election 2014, Health and Wellness, News, Seen, Heard, Happening, Taxes and Benefits
02.06.2014 polls QP Briefing Staff 0 0

Heard: Tories hammer Liberals provincial pension plan idea

...

Business and Economy, Election 2014, News, Seen, Heard, Happening, Taxes and Benefits
02.06.2014 Canada Pension Plan, pensions QP Briefing Staff 0 0

Ontario pension plan ‘bad news’ for workers: Fraser Institute

Wynne disputes the contention that her plan will syphon off increasingly scarce dollars from workers and employers, while Fraser analysis suggests the best route to retirement security is by growing the economy. ...

Business and Economy, Election 2014, Government, Jobs and Employment, News, Taxes and Benefits
28.05.2014 John Valorzi 0 0
Liberal re-election will mean a credit downgrade: Fedeli

Liberal re-election will mean a credit downgrade: Fedeli

Tory finance critic asserts: "If ... that budget is brought forward again, we are going to be in a very severe financial difficulty in Ontario." ...

Election 2014, Government, News, Taxes and Benefits
27.05.2014 John Michael McGrath 0 0

Seen: Wage freeze needed to boost the economy, says Hudak

...

Business and Economy, Election 2014, News, Seen, Heard, Happening, Taxes and Benefits
26.05.2014 wage freeze QP Briefing Staff 0 0

Ontario pension plan would cut jobs and wages, says CFIB

The Canadian Federation of Independent Business says proposed Ontario pension plan carries too many risks for negligible benefits. ...

Business and Economy, Election 2014, News, Taxes and Benefits
26.05.2014 pensions John Valorzi 0 0

Elliott challenges Liberals on their budget/platform

PC MPP Christine Elliott has three questions for Premier Kathleen Wynne about the Liberal budget. ...

Election 2014, News, Taxes and Benefits
22.05.2014 John Michael McGrath 0 0

Cities will need user fees to pay for infrastructure, report warns

Municipalities will need to tap other sources of money as they face a squeeze on transfer payments arising from provincial and federal governments seeking to balance their own books, according to a paper from the Univers ...

Business and Economy, Election 2014, Government, News, Taxes and Benefits
21.05.2014 John Valorzi 0 0

Reality Check: How lean is Ontario’s public sector

Conservative Leader Tim Hudak's plan to cut 100,000 public sector jobs has shone a light on a long-standing issue that has grown more contentious in recent years - but the jury is still out if his strategy is workable. ...

Business and Economy, Election 2014, Jobs and Employment, News, Taxes and Benefits
20.05.2014 John Valorzi 0 0

Campaign hot potato: Overhaul the corporate tax structure

While party leaders in the Ontario election suggest tinkering with the system, a report from the Mowat Centre calls for radical changes reflecting the business dynamics of the 21st century. ...

Business and Economy, Election 2014, News, Taxes and Benefits
16.05.2014 John Valorzi 0 0

Heard: Anti-tax group hammers Wynne over jet fuel tax hike

...

Election 2014, News, Seen, Heard, Happening, Taxes and Benefits
15.05.2014 taxes QP Briefing Staff 0 0

Reality Check: Laws aimed at spending limits have their limits

The Tory platform would tie the level of government expenditure to a percentage of GDP. Just one problem: such legislation has a history of being ignored. ...

Election 2014, News, Taxes and Benefits
14.05.2014 John Michael McGrath 0 0

Heard: Tories plan to merge two social assistance programs

...

Education and Training, Election 2014, Jobs and Employment, News, Seen, Heard, Happening, Taxes and Benefits
14.05.2014 QP Briefing Staff 0 0

Heard: Moody’s sees ‘more risk’ in Liberal budget-cum-election platform

...

Business and Economy, Election 2014, Jobs and Employment, Seen, Heard, Happening, Taxes and Benefits
13.05.2014 John Valorzi 0 0
Horwath: The NDP plan to pay for pricey promises is pending

Horwath: The NDP plan to pay for pricey promises is pending

The NDP leader says she has a plan to pay for the hundreds of millions of dollars in promises she's making. She just isn't sharing it yet. ...

Election 2014, Environment and Energy, Government, News, Taxes and Benefits
13.05.2014 John Michael McGrath 0 0

Tories to cut corporate taxes by a third to create 120,000 jobs

The PC Party says it will pay for the tax cuts by ending some companies' subsidies, while Liberals will freeze corporate taxes but hike tobacco taxes and taxes on high-income earners. ...

Business and Economy, Election 2014, Jobs and Employment, News, Taxes and Benefits
12.05.2014 John Valorzi 0 0
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