Exhibit 99.2

ADDITIONAL INFORMATION RELATING TO THE PROVINCE ¹

 

		Page Number
Map of Ontario			1
Overview			2
Area and Population			2
Government			2
Constitutional Framework			2
Implications for Provincial Financial Statements			2
Foreign Relations			3
The Budget and Quarterly Reporting			3
Public Finance
Details of Revenue			4-15
Summary of Revenue by Main Classification and Ministry			16-17
Summary of Expenses by Standard Accounts Classification and Ministry			18-19
Summary of Expenses by Standard Accounts Classification and Ministry – Operating			20-21
Summary of Expenses by Standard Accounts Classification and Ministry – Capital			22-23
Ontario Opportunities Fund			24
Public Debt
Publicly Held Debt Summary			25
Debt Issuances Since 2022-23 Fiscal Year End (to December 11, 2023)			26-27
Issues of Long Term Debt for the year ended March 31, 2023			28-30
Retirement of Long Term Debt for the year ended March 31, 2023			31-35
Net Change in Short Term Debt for the year ended March 31, 2023			36
Summary of Debt Outstanding as at March 31, 2023			37-38
Outstanding Debt Tables as at Fiscal Year End			39-59
SEC Registered Debt Outstanding as at December 11, 2023			60
Ontario Electricity Industry			61-62
Contingent Liabilities
Obligations Guaranteed by the Province of Ontario			63-64
Claims Against the Crown			65-69
Economic Data Tables			70-94
Ontario Economy
Ontario, Gross Domestic Product, 2009-2022			70
Ontario, Growth in Gross Domestic Product, 2009-2022			71
Ontario, Real Gross Domestic Product by Industry at Basic Prices, 2019-2022			72

 

1	Any dollar amounts in Exhibit 99.2 are expressed in Canadian dollars ($) unless otherwise specified or the context otherwise requires.

 

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Ontario, Growth in Real Gross Domestic Product by Industry at Basic Prices, 2019-2022			73
Ontario, Real Gross Domestic Product at Basic Prices by Detailed Manufacturing Industries, 2019-2022			74
Ontario, Growth in Real Gross Domestic Product at Basic Prices by Detailed Manufacturing Industries, 2019-2022			74
Ontario, Housing Market Indicators, 2019-2022			75
Selected Financial Indicators, 2019-2022			76
Ontario, International Merchandise Trade
Ontario, International Merchandise Exports by Major Commodity, 2022			77
Ontario, International Merchandise Imports by Major Commodity, 2022			78
Ontario, International Merchandise Exports by Top 25 Trading Partners, 2022			79
Ontario, International Merchandise Imports by Top 25 Trading Partners, 2022			80
Demographic Characteristics
Ontario, Selected Demographic Characteristics, 2016-2023			81
Ontario, Components of Population Growth, 2013-2014 to 2022-2023			82
Ontario Labour Markets
Ontario, Labour Force, 2009-2022			83
Ontario, Employment, 2009-2022			84
Ontario, Unemployment, 2009-2022			85
Ontario, Employment by Industry, 2013-2022			86-87
Ontario, Growth in Employment by Industry, 2013-2022			88
Ontario, Labour Compensation, 2009-2022			90
Ontario, Employment Level by Economic Regions, 2013-2022			91
Ontario, Employment Level by Industry for Economic Regions, 2022			92-93
Ontario Economic Regions			94

(Note:  Data in the tables may not add to totals due to rounding.)

 

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Province of Ontario’s Location in Canada

 

Province of Ontario’s Location in the World

 

1

OVERVIEW

Area and Population

The Province of Ontario covers an area of approximately 1,076,395 square kilometres (415,598 square miles), about 10.8% of Canada, and is about 11% as large as the United States. The estimated population of Ontario on July 1, 2023 was 15.6 million, or 38.9% of Canada’s population of 40.1 million. Since 2003, the populations of Ontario and Canada have both increased at an average annual rate of 1.2%. Although it constitutes only 12% of the area of the Province, southern Ontario is home to approximately 94.6% of its population (as of July 1, 2021). The population of the Greater Toronto Area, the most populous metropolitan area in Canada, was estimated to be 7.2 million on July 1, 2022.

Government

Canada is a federation with a parliamentary system of government. Constitutional responsibilities are divided between the federal government, the 10 provinces and the 3 territories.

The Premier of the Province of Ontario (the “Premier”) is traditionally the leader of the political party with the greatest number of members elected to the Legislative Assembly. The Cabinet through the Lieutenant Governor, who represents the Crown, formally exercises executive power. Cabinet ministers are usually nominated from among members of the Premier’s party. The Legislative Assembly consists of 124 seats, each representing a specified territorial division of the Province, and is elected for a four-year term. A dissolution of the Legislative Assembly prior to the end of the four- year term may be requested by the Premier at the Premier’s own volition or if the government loses the confidence of the Legislative Assembly by being defeated on an important vote.

The last Provincial election was held on June 2, 2022. The Progressive Conservative Party currently has 79 seats in the Legislative Assembly, the New Democratic Party of Ontario has 28 seats, the Ontario Liberal Party of Ontario has 9 seats, the Green Party of Ontario has 1 seat, there are 5 Independent seats and there are 2 vacant seats. The current government of the Province is formed by the Progressive Conservative Party.

Constitutional Framework

Canada is a federation and its constitution establishes the division of responsibilities between the federal and provincial levels of government. Each provincial government and the federal government has supremacy within its respective sphere of assigned responsibilities. Jurisdiction over the establishment and operation of municipalities is granted exclusively to the provinces.

The federal government is empowered to raise money by any mode or system of taxation. It has exclusive jurisdiction over such matters as the regulation of trade and commerce, currency and coinage, banks and banking, national defence, foreign affairs, postal services, railways and navigation, as well as those areas not exclusively assigned to the provinces. Each province has authority to raise revenue through direct taxation within the province. Areas of provincial constitutional authority include health care, education, social services, municipal institutions, property and civil rights, and natural resources.

Operational Framework

Ontario administers its constitutional responsibilities through government ministries and provincially created bodies such as government-owned corporations (“Crown corporations”), agencies, boards, commissions, municipalities, school boards and hospital boards. The use of these quasi-independent bodies decentralizes the administration of provincial responsibilities. However, the Province has elected to centralize the financing of these bodies by retaining the major taxing and borrowing powers at the provincial level. Some entities have borrowed in their own names in various capital markets, such as Ontario Hydro prior to its restructuring in April 1999, but this practice has become less common.

Implications for Provincial Financial Statements

The provincial governments’ delivery of services in areas such as health, postsecondary education and social assistance has been supported by transfer payments from the federal government, often established through federal-provincial agreements. In fiscal year 2022-23, approximately 16.2% of the Province’s revenue came from federal transfers.

Federal-provincial funding arrangements can be complex and extensive, involving financial relationships between the Province, the federal government and provincially-created organizations. These financial interrelationships are important in understanding the revenue, expense and financing activity of the Province. The performance of organizations controlled by the Province, such as Government Business Enterprises (GBEs), hospitals, school boards and colleges, has a direct impact on the Province’s financial results. For example, as at March 31, 2023, approximately 22.4% (2022, 22.1%) of the Financial Assets of the Province could be attributed to GBEs.

 

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Foreign Relations

The Province has no direct diplomatic relations with foreign countries, but has developed a high degree of international activity in order to facilitate investment in Ontario.

The Budget and Quarterly Reporting

The Fiscal Sustainability, Transparency and Accountability Act, 2019 (the FSTAA) sets out guidelines for public reporting of the fiscal plan. It requires that the Ontario Minister of Finance (“Minister”) release an annual budget that outlines a multi-year fiscal plan. In addition, it requires the Minister to release a mid-year review of the fiscal plan, known as the Ontario Economic Outlook and Fiscal Review. Each fiscal year, the Minister must release interim updates in the Summer and Winter on Ontario’s revenues and expenses for the current year. Finally, the FSTAA, among other things, also requires that quarterly information about Ontario’s economic accounts be released to the public.

 

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PUBLIC FINANCE

DETAILS OF REVENUE

For the year ended March 31, 2023

This schedule summarizes the sources of the Province’s revenue by main classification.

 

		2023 $				2022 $
TAXATION
Personal Income Tax			44,208,950,772				46,749,700,490
Sales Tax			36,091,621,437				30,356,811,914
Corporations Tax			27,790,838,198				25,227,149,098
Employer Health Tax			7,797,401,027				7,223,220,976
Education Property Tax			5,991,403,200				5,713,281,774
Ontario Health Premium			4,444,942,700				4,414,335,133
Land Transfer Tax			4,443,362,079				5,827,126,187
Gasoline Tax			2,103,283,238				2,202,221,352
Tobacco Tax			864,066,343				926,550,834
Electricity Payments-In-Lieu of Taxes			674,000,000				665,500,000
Beer, Wine and Spirits Tax			600,110,872				623,894,410
Fuel Tax			571,137,933				770,718,438
Estate Administration Tax			327,626,793				301,219,576
Ontario Portion of the Federal Cannabis Excise Duty			310,139,901				214,766,702
Corporation Preferred Share Dividend Tax			207,283,330				234,341,536
Provincial Land Tax			41,449,198				37,799,657
Mining Profits Tax			40,440,377				176,217,610
Gross Revenue Charge - Property Tax Component			4,537,866				4,444,751
Race Tracks Tax			3,908,930				3,481,977
Acreage Tax - The Mining Act			1,946,791				1,974,037
TOTAL TAXATION			136,518,450,985				131,674,756,454

Personal Income Tax revenue is collected by the federal government on behalf of the Province. The amount reported by the Province in 2022–23 is net of $740,134,702 in Ontario tax credits, excluding tax credits reported as expenses.

For 2023, the Ontario Personal Income Tax rates are: 5.05% for taxable income of up to $49,231; 9.15% for taxable income over $49,231 and up to $98,463; 11.16% for taxable income over $98,463 and up to $150,000; 12.16% for taxable income over $150,000 and up to $220,000; and 13.16% for taxable income over $220,000. For 2022, the Ontario Personal Income Tax rates are: 5.05% for taxable income of up to $46,226; 9.15% for taxable income over $46,226 and up to $92,454; 11.16% for taxable income over $92,454 and up to $150,000; 12.16% for taxable income over $150,000 and up to $220,000; and 13.16% for taxable income over $220,000. For 2021, the Ontario Personal Income Tax rates are: 5.05% for taxable income of up to $45,142; 9.15% for taxable income over $45,142 and up to $90,287; 11.16% for taxable income over $90,287 and up to

 

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$150,000; 12.16% for taxable income over $150,000 and up to $220,000; and 13.16% for taxable income over $220,000. Ontario non-refundable tax credits are provided for individual and family circumstances (e.g., basic amount, spouse, medical expenses) at the rate of 5.05% (11.16% for charitable donations in excess of $200), before calculating the provincial surtax and Ontario Tax Reduction. Many Ontario non-refundable tax credit amounts are indexed annually. The Ontario Dividend Tax Credits are calculated after the provincial surtax and before the Ontario Tax Reduction. These credits are provided at a rate of 10% for eligible dividends and at a rate of 2.9863% for non-eligible dividends.

Those who owe a higher amount of Ontario personal income tax are subject to a surtax. For 2023, the surtax is equal to 20% of Ontario income tax in excess of $5,315, plus 36% of Ontario income tax in excess of $6,802. For 2022, the surtax is equal to 20% of Ontario income tax in excess of $4,991, plus 36% of Ontario income tax in excess of $6,387. For 2021, the surtax is equal to 20% of Ontario income tax in excess of $4,874, plus 36% of Ontario income tax in excess of $6,237.

If a tax filer’s Ontario tax exceeds their threshold amount, the Ontario Tax Reduction may reduce their Ontario tax. For 2023, the basic threshold amount is $274, and the additional amount for each dependent child age 18 and under and each disabled or infirm dependant is $506. For 2022, the basic threshold amount is $257, and the additional amount for each dependent child age 18 and under and each disabled or infirm dependant is $475. For 2021, the basic threshold amount is $251 and the additional amount for each dependent child age 18 and, under, and each disabled or infirm dependant, is $464.

The Harmonized Sales Tax (HST) is a single value-added tax based on the federal Goods and Services Tax. The provincial portion of the HST is 8% and the federal portion is 5%, for a combined HST rate of 13%. The federal government is responsible for the collection and administration of the tax, with HST revenues distributed to the Province based on a revenue allocation formula. Ontario also levies Retail Sales Tax of 8% on certain insurance premiums and 13% on private transfers of specified vehicles, which is collected and administered by the Province. The Sales Tax amounts reported by the Province are net of sales tax credits of $1,553,086,852.03 in 2022–23 and $2,173,204,342 in 2021–22.

Corporations Tax is comprised of three types of taxes levied on corporations: income tax, insurance premium tax and special additional tax on life insurance corporations. Details of these taxes follow.

Income Tax: The general statutory Corporate Income Tax (CIT) rate is 11.5%. Active business income from manufacturing and processing, mining, logging, fishing and farming is subject to a lower CIT rate of 10%. Small Canadian-controlled private corporations (CCPCs) are also eligible for a lower CIT rate of 3.2% on the first $500,000 of active business income. The small business CIT rate is phased out for large CCPCs, and associated groups of CCPCs, that have more than $10 million (fully eliminated if more than $15 million for taxation years beginning before April 7, 2022, and fully eliminated if more than $50 million for taxation years beginning on or after April 7, 2022) of taxable capital employed in Canada in the previous year. The Province also levies a Corporate Minimum Tax (CMT), which is effectively a pre-payment of regular CIT. CMT is calculated as the amount by which 2.7% of a corporation’s adjusted net income for accounting purposes exceeds CIT payable.

Insurance Premium Tax: Insurance companies are subject to a 2% insurance premium tax on life, accident and sickness insurance premiums, 3.5% on property insurance premiums and 3% on other (e.g. casualty) insurance premiums.

Special Additional Tax: Life insurance corporations pay a special additional tax at a rate of 1.25% of taxable capital employed in Ontario that exceeds a minimum capital allowance of $10 million, with corporate income tax and CMT creditable against this tax.

The Employer Health Tax is paid by employers on their Ontario payroll. Employers with annual Ontario payroll of $200,000 or less calculate tax payable at 0.98% of their taxable annual Ontario payroll; employers with annual Ontario payroll over $200,000 and up to $400,000 calculate tax payable at graduated rates that apply to their taxable annual Ontario payroll starting at 1.101% through to 1.829%; and employers with annual Ontario payroll in excess of $400,000 calculate tax payable at 1.95% of their taxable annual Ontario payroll. A tax exemption is provided for the amount of annual Ontario payroll paid by private sector employers, including their associated entities, up to a threshold level. The EHT exemption threshold for 2023 is $1 million. In 2021, the Ontario Government made permanent the temporary increase to the 2020 exemption from $490,000 to $1 million. The exemption will be adjusted for inflation, using the Ontario Consumer Price Index, on January 1, 2029 and, following that, every five years. Employers with annual Ontario payroll in excess of $5,000,000 are generally not eligible for the exemption.

 

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Education property taxes are collected from taxpayers by municipalities and remitted to school boards for the purposes of funding a portion of elementary and secondary education. Education property tax rates are set annually by the Minister of Finance for each class of real property. The tax is levied on the assessed value of property at a uniform rate of 0.153% for residential properties, in 2022. Rates for commercial, industrial, pipeline and landfill properties are set for each upper- and single-tier municipality. These rates are regulated under the Education Act. The Education Property Tax amounts shown are net of $974,675,754 in property tax credits and grants in 2022–23 and $1,362,526,751 in 2021–22. The amounts also reflect a number of rebates, reductions and exemptions available across the province.

The Ontario Health Premium (OHP) helps ensure the government’s ability to make investments in the province’s health care system. OHP supports expenditure in all areas of the health sector and is not earmarked by program area. In 2022–23, OHP revenue increased by $31 million to $4,445 million, up from $4,414 million in 2021–22. During the same period, expenses in the health sector increased by $2,737 million to $78,490 million, up from $75,753 million in 2021–22.

In 2022–23, revenue from the health premium was $4,445 million, or 5.7 per cent of the $78,490 million in total expenses for the health sector. This compares to $4,414 million or 5.8 per cent of $75,753 million in 2021–22. Below is a table that shows an example of how the health premium revenue supports major investments in the health care sector and also the level of support each sector would receive if the percentage shares in 2021–22 and 2022–23 were allocated proportionately across each expense area.

 

Example of How the Health Premium Supports Investments in the Health Care Sector: OHP Revenue as a Share of Total Health Expenditures Applied Proportionately Across Expense Areas
($ Millions)		2022–23 5.7%				2021–221 5.8%
Hospitals			1,332				1,388
OHIP			1,019				989
Home & Community Care and Mental Health & Addiction Services			444				431
Long–Term Care Homes			400				395
Ontario Drug Programs			314				310
Public Health, Cancer Treatment & Screening and Other			936				901
Total			4,445				4,414

The Ontario Health Premium is paid by individuals resident in Ontario on the last day of the taxation year. An individual’s Ontario Health Premium liability is:

 

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when taxable income is less than or equal to $20,000, the premium is $0

 

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when taxable income is greater than $20,000 and less than or equal to $36,000, the premium is equal to the lesser of (i) $300 and (ii) 6% of taxable income greater than $20,000

 

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when taxable income is greater than $36,000 and less than or equal to $48,000, the premium is equal to the lesser of (i) $450 and (ii) $300 plus 6% of taxable income greater than $36,000

 

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when taxable income is greater than $48,000 and less than or equal to $72,000, the premium is equal to the lesser of (i) $600, and (ii) $450 plus 25% of taxable income greater than $48,000

 

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when taxable income is greater than $72,000 and less than or equal to $200,000, the premium is equal to the lesser of (i) $750 and (ii) $600 plus 25% of taxable income greater than $72,000 and

 

•

when taxable income is greater than $200,000, the premium is equal to the lesser of (i) $900 and (ii) $750 plus 25% of taxable income greater than $200,000.

Land Transfer Tax is collected on the transfer of land and is payable on the value of the consideration, which is generally the purchase price. Land Transfer Tax rates are 0.5% on the amount up to and including $55,000; 1% on the amount over $55,000, up to and including $250,000; 1.5% on the amount over $250,000, up to and including $400,000; and 2% on the amount over $400,000. For land with one or two single family residences, the tax rate on the amount over $2,000,000 is 2.5%. Eligible first-time homebuyers may receive a refund of Land Transfer Tax up to a maximum amount of $4,000. An additional Non-Resident Speculation Tax applies to the purchase or acquisition of an interest in certain residential property by (foreign entities) individuals who are not citizens or permanent residents of Canada and foreign corporations and taxable trustees.

 

1	Amounts restated to reflect changes in calculations of published information for 2021–22.

 

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Non-Resident Speculation Tax exemptions and rebates may be available if taxpayers meet specific eligibility requirements. The Non-Resident Speculation Tax rate was increased from 20% to 25%, effective October 25, 2022. Binding agreements of purchase and sale entered into before October 25, 2022, may be eligible for relieving transitional provisions.

Gasoline Tax is levied on gasoline, propane used in a licensed motor vehicle, and aviation fuel. The tax rate for gasoline is 14.7 cents per litre (temporarily reduced to 9 cents per litre from July 1, 2022 to December 31, 2023 and legislation providing for a further extension of the reduction until June 30, 2024 was introduced on November 2, 2023). The tax rate for propane used in licensed motor vehicles is 4.3 cents per litre. The tax rate for aviation fuel is 6.7 cents per litre, except in Northern Ontario (the geographic areas of Algoma, Cochrane, Kenora, Manitoulin, Nipissing, Parry Sound, Rainy River, Sudbury, Thunder Bay and Timiskaming) where the tax rate is 2.7 cents per litre. Gasoline tax is pre-collected by registered collectors and importers.

Tobacco Tax covers all forms of tobacco products. The specific tax rate is 18.475 cents per cigarette or per gram or part gram of fine cut tobacco and all other tobacco products except cigars. The rate of tax on cigars is 56.6% of the taxable price of the cigar. The majority of tax is collected for the Province by Ministry-designated tobacco and cigar wholesalers.

Fuel Tax is levied on clear middle distillate petroleum fuels, such as those used in diesel-powered vehicles. The fuel tax rate is 14.3 cents per litre (temporarily reduced to 9 cents per litre from July 1, 2022 to December 31, 2023 and legislation providing for a further extension of the reduction until June 30, 2024 was introduced on November 2, 2023). The tax rate is 4.5 cents per litre for fuel used in railway equipment. Fuel Tax is pre-collected by registered collectors and importers.

Beer, Wine and Spirits Taxes apply on purchases where the Liquor Control Board of Ontario (LCBO) is not the retailer or wholesaler of the alcohol product. Beer taxes apply on purchases of beer from a beer manufacturer’s on-site store, brew pub, the Beer Store, or a licensed establishment. Wine taxes apply on purchases of wine and wine coolers from on and off-site winery retail stores. Spirits taxes apply on purchases of spirits and spirits coolers from a spirits manufacturer’s on-site store.

Ontario Power Generation Inc. and its subsidiaries and municipal electricity utilities that are exempt from regular corporate income taxes are liable to make payments in lieu of federal and provincial corporate tax (PILs) to the Ontario Electricity Financial Corporation (OEFC). PILs are equal to regular federal and Ontario corporate income taxes that are levied under the Income Tax Act (Canada), the Corporations Tax Act and the Taxation Act, 2007 on entities that are not tax exempt.

OEFC is the Ontario Hydro successor company that is responsible for servicing and retiring the debt and certain other liabilities of the former Ontario Hydro. All PILs received by OEFC are used to service and retire its obligations. As a result of an initial public offering of Hydro One common shares in 2015, Hydro One ceased to be exempt from federal and provincial corporate income taxes and is no longer subject to the PILs regime. The Minister of Finance is required by statute to make payments to the OEFC equal to the amount of provincial tax payable by Hydro One Inc. under the Taxation Act, 2007.

Ontario Power Generation (OPG), Hydro One and municipal electricity utilities also make payments in lieu of additional municipal and school taxes to the OEFC.

The federal government remits to the province 35 per cent of the net taxes that it collects with respect to preferred share dividends paid by corporations with operations in Ontario.

The Estate Administration Tax is payable by the estate of a deceased person on the issuance of a certificate of appointment of an estate trustee (referred to as an “estate certificate”) by an Ontario court. There is no tax payable if the value of the estate is $50,000 or less. For estates valued over $50,000, the amount of tax is equal to $15 for each $1,000 (or part thereof) of the value of the estate exceeding $50,000.

Ontario levies a mining tax on profits in excess of $500,000 derived from the extraction of mineral substances raised and sold by operators of Ontario mines. The $500,000 annual deduction must be shared by associated corporations. The tax rate on taxable profit subject to mining tax is 10% for non-remote mines and 5% for remote mines. A mining tax exemption on up to $10 million of profit during an exempt period is available for each new mine. The exempt period for a new non-remote mine is three years and the exempt period for a new remote mine is 10 years. The mining tax exemption is also available for a major expansion of an existing non-remote mine. Mining tax does not apply to diamond mining. Diamonds are subject to a royalty on the value of a diamond mine’s output. The royalty rate is the lesser of 13% and the amount calculated on the value of output according to a graduated rate scale.

 

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Provincial Land Tax is levied on land in areas outside of municipal boundaries at the rates prescribed by regulation. The rate that applies depends on which property class the land is classified as defined by the Assessment Act.

The Cannabis Excise Duty is levied by the federal government on cannabis products, payable by the federal licensee that packages the cannabis products (typically the producer) or, in the case of imports, payable by the importer, owner or other person liable under the Customs Act (Canada). The federal government is responsible for the collection and administration of the tax. For dried cannabis flower, the excise duty rate is the greater of $1/gram or 10% of the federal licensee’s selling price for the packaged product when delivered to a purchaser, and for edibles, extracts and topicals, the excise duty rate is $0.01 per milligram of tetrahydrocannabinol (THC). Different rates apply for other product types. Ontario receives 75% of the excise duty collected on cannabis products intended for sale in Ontario, plus an additional sales tax adjustment of 3.9% on the federal licensee’s selling price.

Effective January 1, 2001, the existing property taxes and water rental charges paid by hydro-electric generating station owners and water power leaseholders were replaced the Gross Revenue Charge (GRC), which is levied on the gross revenues of hydro-electric generating stations.

The Property Tax component of the GRC payable to the OEFC is included as PILs on consolidation to the Province and the Property Tax component of the GRC payable to the Province is reported under Taxation revenue. The Water Rental component of the GRC is included under Other Revenue – Royalties.

The Race Tracks Tax is levied at the rate of 0.5% on all wagers made in Ontario, and is collected and remitted to the Province.

The Mining Land Tax is a tax levied under the Mining Act, on lands or mining rights liable under the Act, at a rate of $4 per hectare per year.

 

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		2023 $				2022 $
GOVERNMENT OF CANADA
Canada Health Transfer			17,524,903,200				16,730,071,440
Canada Social Transfer			6,178,384,000				6,002,910,000
Canada-Wide Early Learning and Childcare			1,272,072,005				—
Labour Market Development Agreement			790,049,286				768,422,198
Infrastructure Programs			768,630,062				561,757,689
Direct Transfers to Broader Public Sector Organizations			530,475,510				438,917,719
Home Care and Mental Health			465,742,194				581,481,725
Workforce Development Agreement			390,812,114				708,269,356
Indian Welfare Services Agreement			342,115,599				332,843,464
Early Learning and Childcare			270,375,905				218,812,214
Social Housing			263,273,241				305,394,117
Bilingualism Development			163,167,353				121,146,170
Youth Criminal Justice			66,959,720				66,936,548
Legal Aid - Criminal			61,190,384				93,279,487
Canadian Agricultural Partnership			50,731,501				48,951,903
Student Assistance			25,395,383				25,065,561
Immigration Holds Agreement			5,818,747				8,288,903
Other			2,093,866,945				3,594,442,547
TOTAL GOVERNMENT OF CANADA			31,263,963,150				30,606,991,041

The Canada Health Transfer (CHT) is a federal block transfer that supports health care spending in the provinces and territories. Beginning in 2014–15, the CHT has been allocated to provinces and territories on an equal per capita basis. To receive CHT transfers, provinces and territories must comply with the principles of the Canada Health Act.

The Canada Social Transfer (CST) is a federal block transfer that supports provincial and territorial expenditures on post-secondary education, social assistance and social services, including early childhood development, and early learning and child care services. Beginning in 2007–08, the CST has been allocated to provinces and territories on an equal per capita basis. To receive CST transfers, provinces and territories cannot impose residency requirements in determining eligibility for social assistance to Canadian citizens, permanent residents, persons with a temporary resident permit, and refugee claimants waiting to receive permanent resident status.

In March 2022, Ontario reached a six-year, $13.2 billion Canada-Ontario Canada-wide Early Learning and Child Care (CWELCC) agreement with the federal government to make high-quality child care more affordable, accessible and inclusive for Ontario’s families. In April 2022, fees for eligible children in participating licensed child care were reduced by up to 25 per cent, through retroactive rebates to parents between May and December. In December 2022, fees for families were further lowered by up to 50 per cent. Child care fees will be further reduced for children under the age of six to an average of $10 per day by end of fiscal year 2025 to 2026.

The Labour Market Development Agreement (LMDA) provides funding to Ontario to support the design and delivery of employment and training programs to benefit insured participants (as defined in Part II of Canada’s Employment Insurance Act) and to fund support measures to help clients obtain employment, facilitate labour

 

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market partnerships and support research and innovation activities. The LMDA is an ongoing agreement. Additional funding secured through the 2017–18 renegotiation of the agreement expired in 2022–23. One additional year of the top-up funding was secured for 2023–24.

Infrastructure funding to Ontario is provided through the Investing in Canada Infrastructure Program, agreement for the Investment in Affordable Housing, Post-Secondary Institutions Strategic Investment Fund, Building Canada Fund, Clean Water and Wastewater Fund, Public Transit Infrastructure Fund and other federal provincial infrastructure programs. These agreements support the construction, renewal, improvement and expansion of the Province’s physical capital, including roads, bridges, public transit, affordable housing and water systems.

Direct Transfers to Hospitals, School Boards and Colleges (BPS Organizations) represent federal government funding to BPS Organizations for research, long term and complex hospital care for veterans, enhanced community care for Northern Ontario, Language Instruction for Newcomers to Canada (LINC), Employment Assistance, and post-secondary education programs.

Targeted federal funding for access to home and community care and mental health and addictions services is provided to Ontario, beginning in 2017–18, over a 10-year period. This funding is guided by a Common Statement of Principles on Shared Health Priorities that all provinces and territories agreed on.

The Workforce Development Agreement (WDA) funds training and skills development for Ontarians, including those in need of essential skills development, and programming for people with disabilities, youth, newcomers and adult learners. Additional funding secured through the 2017–18 renegotiation of the agreement expired in 2022–23. One additional year of the top-up funding was secured for 2023–24. In 2020–21, additional one-time funding was provided to provinces and territories to offer Canadians the skills training and employment support they need, as part of COVID-19 recovery efforts. Funding is recorded in 2020–21 and 2021–22.

The Memorandum of Agreement Respecting Welfare Programs for Indians (Indian Welfare Services Agreement, 1965) is a bilateral cost-sharing agreement under which Canada reimburses Ontario for a portion of expenditures incurred to provide eligible social services to status First Nation individuals living on reserve (and off reserve for up to 12 months). The Agreement recognizes a shared Ontario-Canada commitment to make available to status First Nation individuals living on reserve, and to those who have moved off reserve for up to one year, eligible social services programs that are available to the population of the province not living on reserve. As this is a bilateral agreement between Canada and Ontario, First Nations are not signatories to the Agreement. The Agreement outlines a formula to determine Canada’s financial contribution for services in four program areas outlined in the Agreement, that are provided and funded by Ontario: child protection and child welfare prevention, child care, financial/employment assistance (Ontario Works) and homemakers and nurses services.

In June 2017, Ontario signed the Early Learning and Child Care (ELCC) Agreement. Ontario’s Action Plan under the ELCC supports a shared commitment by the Ontario and Federal governments to provide investments in early learning and child care to increase quality, accessibility, affordability, flexibility, and inclusivity, with prioritization for children aged 0-6 years old. In August 2021, the current ELCC agreement was renewed for four additional years, from April 1, 2021, to March 31, 2025. Under the renewed agreement, Ontario will receive a total of $764.5 million in federal funding over four years.

Social Housing Agreement reimbursements are the federal portion of the cost of subsidizing low- rental housing programs. The Province receives funding from the Canada Mortgage and Housing Corporation (CMHC) to administer social housing in Ontario.

Bilingualism Development reimbursements are the federal government’s portion of the costs of providing services in both official languages and of providing adequate educational facilities for teaching the second official language. The federal government also contributes to Ontario’s initiatives in French-language schools, such as the establishment of administrative structures in new French-language school boards, and initiatives designed to improve the achievements of French-language students.

Youth justice programs are ongoing and mandated under the federal Youth Criminal Justice Act. Programs are delivered by the Ministry of Children, Community and Social Services and/or Transfer Payment Partners. As the administration of justice is a joint responsibility between the federal government and the provinces and territories, a portion of the Ontario expenditures are submitted for funding support through a Contribution Agreement with federal Department of Justice on an annual basis.

 

10

Legal Aid payments are the federal government’s contribution to assist in providing legal aid services to economically disadvantaged people in serious criminal matters and proceedings under the Youth Criminal Justice Act. They also help ensure that certain minimum standards of legal aid are maintained in accordance with the Agreement Respecting Legal Aid in Criminal Law, the Youth Criminal Justice Act and immigration and refugee matters.

The Canadian Agricultural Partnership (CAP) is a five-year federal-provincial-territorial commitment to support Ontario’s agri-food and agri-products sectors that focuses on the key priority areas of economic development, environmental stewardship, and protection and assurance. CAP came into effect on April 1, 2018 and replaced Growing Forward 2.

Student Assistance includes the Canada Student Grant for Services and Equipment for Students with Permanent Disabilities and the administration of Canada Student Loans Program.

The Immigration Holds Agreement represents reimbursement by the federal government for the cost of detaining people awaiting an immigration examination, inquiry or removal.

Other payments from the federal government included, among others:

 

a)

Funding to support sector-specific services covered under different agreements, such as the First Nation Policing Agreement, Biology Casework Analysis Contribution Program Agreement for DNA testing, Veteran Priority Access Beds Agreement, Firearms Control Agreement, Exchange of Services Agreement, and Canadian Families Justice Fund for family law services;

 

b)

Annual subsidies under the Constitution Act, 1907;

 

c)

Interest on the Common School Fund.

 

d)

One-time in-kind PPE support.

 

e)

One-time COVID-19 assistance such as additional health funding for COVID-19 recovery, Safe Clean Air top-up to Safe Return to Class Fund, Transit and Shelter funding, as well as in-kind PPE and COVID-19 rapid antigen tests support.

 

FEES, DONATIONS AND OTHER REVENUES FROM BROADER PUBLIC SECTOR ORGANIZATIONS		2023 $				2022 $
Hospitals			4,764,894,870				4,410,774,533
School Boards			1,377,907,887				1,239,189,502
Colleges			5,156,187,646				4,036,744,607
Children’s Aid Societies1			193,137,963				—
TOTAL FEES, DONATIONS AND OTHER REVENUES FROM BROADER PUBLIC SECTOR ORGANIZATIONS			11,492,128,366				9,687,688,559

¹ In 2022–23, Children’s Aid Societies are consolidated into the Ministry of Children, Community and Social Services.

Fees, Donations and Other Revenues from Hospitals, School Boards, Colleges and Children’s Aid Societies (BPS Organizations) represent third-party revenues that BPS Organizations received from the public such as patient fees, tuition fees, ancillary services, donations and other revenues from non-provincial sources.

 

11

INCOME FROM GOVERNMENT ENTERPRISES		2023 $				2022 $
Ontario Lottery and Gaming Corporation			2,504,635,000				1,561,401,000
Liquor Control Board of Ontario			2,457,257,000				2,543,284,000
Hydro One Limited			485,622,731				478,444,524
Ontario Power Generation Inc			364,000,000				1,672,000,000
Ontario Cannabis Retail Corporation			234,360,792				186,094,654
iGaming Ontario			87,223,000				—
TOTAL INCOME FROM GOVERNMENT ENTERPRISES			6,133,098,523				6,441,224,178

Income from Government Enterprises represents amounts received by the Province from government business enterprises.

The Ontario Lottery and Gaming Corporation (OLG) conducts and manages gaming on behalf of the Province of Ontario, including: lottery, casinos, electronic bingo, and its internet gaming site OLG.ca. Private service providers have taken over daily operations of most of OLG casinos in order to optimize revenue and increase operational efficiencies.

The Liquor Control Board of Ontario (LCBO) regulates the purchase, sale and distribution of liquor for home consumption and liquor sales to licensed establishments through LCBO stores, Brewers Retail stores and winery retail stores throughout Ontario. The LCBO buys wine and liquor products for resale to the public, tests all products sold and establishes prices for beer, wine and spirits.

Hydro One Incorporated (now a subsidiary of Hydro One Limited) and Ontario Power Generation Incorporated (OPG) were created as part of the restructuring of the former Ontario Hydro. The Province’s proportional share of net income from Hydro One Limited (and previously Hydro One Inc.) and the net income from OPG are consolidated in the Province’s finances. OPG revenue is derived primarily from the sale of electricity from its generating stations. Hydro One revenue is derived primarily from the transmission and distribution of electricity.

Ontario Cannabis Retail Corporation (OCRC), operating as the Ontario Cannabis Store (OCS), is the provincial online retailer of recreational cannabis and the exclusive wholesaler of recreational cannabis to the Province’s authorized private retail stores. Its net income is generated from the sale of recreational cannabis.

On April 4, 2022, iGaming Ontario (iGO) launched the new market for online gaming in Ontario. iGO is responsible for conducting and managing the online gaming schemes in accordance with the Criminal Code (Canada) and the Gaming Control Act, 1992.

 

12

		2023 $				20221 $
OTHER REVENUE
Sales and Rentals			1,227,266,080				1,046,205,245
Fees, Licences and Permits:
Vehicle and Driver Registration Fees			1,251,376,056				33,009,318
Other Fees and Licences:
Personal Property Security Act			62,313,361				54,160,526
Companies - Incorporations			29,680,719				30,837,990
Local Registrars			13,669,026				12,010,872
Gaming Revenues			3,213,272				3,123,904
Drive Clean			454,350				1,889,265
Other			1,114,421,605				912,704,626
Total Fees, Licences and Permits			2,475,128,389				1,047,736,501
Royalties:
Gross Revenue Charge - Water Rental Component			120,138,119				113,365,597
Teranet - Polaris Royalties			46,497,125				51,783,812
Crown Charges - Forestry			107,228,641				235,894,888
Other Royalties			60,812,563				67,322,980
Total Royalties			334,676,447				468,367,277
Recovery of Prior Years’ Expenditures			1,172,414,727				1,430,396,104
Reimbursement of Expenditures			1,031,483,345				1,232,886,718
Miscellaneous:
Independent Electricity System Operator Revenue			214,224,271				221,893,580
Fines and Penalties			72,162,075				68,730,726
Power Supply Contract Recoveries			47,972,000				66,760,000
Net Reduction of Power Purchase Contracts			—				5,000,000
Other			904,184,358				1,129,363,871
Total Miscellaneous			1,238,542,704				1,491,748,177
TOTAL OTHER REVENUE			7,479,511,691				6,717,340,022

¹ Restated actual due to the consolidation Pension Benefits Guarantee Fund (PBGF) in 2022–23.

 

13

Sales and Rentals includes proceeds from the disposal of real property, supplies and equipment, rental of real property, leasing of Crown land and sales of goods and services provided by Provincial institutions.

Vehicle and Driver Registration fees include vehicle registration, carrier, and driver fees. Vehicle registration fees are primarily for the authorization to operate a heavy commercial vehicle on a public road and includes permits and plates fees for all vehicles. For heavy commercial vehicles the current fee ranges from $265.25-$4,693.00. Carrier fees include commercial vehicle operator registration certificates and driver fees consist primarily of driver licence renewals.

Personal Property Security Registration service fees are remittances for the registration of security interests and searches of personal property pledged as collateral to secure a loan. The fees are collected at the time of registration or search.

Companies’ service fees are remittances for registration and search services pertaining to corporations, limited partnerships and other unincorporated entities. The fees are collected at the time of registration or search.

Gaming-related fees collected by the Alcohol and Gaming Commission of Ontario include fees for registering operators, gaming-related and non-gaming-related suppliers, trade unions and gaming employees of gaming sites for the charitable, commercial and iGaming sectors. Also included are fees for issuing lottery licenses to eligible charitable and/or religious organizations.

Effective January 1, 2001, holders of water power leases are required to pay a water rental charge calculated at a rate of 9.5 per cent on gross revenues from the annual generation from hydro-electric-generating stations. This is the Gross Revenue Charge - Water Rental component referenced on page 1-5.

Teranet – Polaris Royalties - The Province completed the sale of its 50% ownership in Teranet in 2003–04. In 2010–11 the Province negotiated an extension to the original Teranet agreement, resulting in a 50-year extension beyond the original term. $1 billion in cash was received from Teranet in 2010–11 for it to retain exclusive rights related to the operation of the electronic land registration system. This amount is represented as deferred royalties to be amortized over a 56-year period from fiscal 2011–12 to 2066–67. The annual amortization for the extension is $18 million.

As negotiated in the extension agreement between Teranet and the Province, effective for the period starting from April 1, 2017, Teranet resumed making royalty payments to the Province. The royalty payment is based on a percentage of various eligible Teranet revenues and is paid quarterly. The royalty stream is to be in place until the end of Teranet’s exclusive licence term in 2067.

In 2022–23, the Province reported a total of $46.5 million ($51.8 million in 2021–22) in royalty revenue from Teranet.

 

14

Crown Charges – Timber royalties are remittances for the harvesting of Crown timber on Crown land or when timber rights are reserved to the Crown on patent land. Crown charges are typically charged on a per cubic metre basis related to the tree species, end products produced and harvest volume. A base price per cubic metre, adjusted annually, is established as a minimum price. The minimum price for most harvested timber during 2022–2023 was set at $5.25, or $0.69 or zero (for bioproducts only) per cubic metre depending on the tree species and commodity group. The $0.69 per cubic metre rates were assessed on timber species that are in over-supply due to relatively low market value, have limited application, and/or are harvested primarily for forest improvement purposes. A residual value price, based on a percentage of the difference between the cost of manufacturing and the selling price of the forest product, is also assessed. This component based on commodity market prices is adjusted monthly and varied from $0.00 to $72.46 per cubic metre, depending on different species groups and product sectors.

Beginning in 2006, funds for the Forest Resource Inventory (FRI) have been collected through the stumpage system. In 2022–2023 the FRI rate was set at either $2.50 or $0.69, depending on species group and end-use, and set aside in the Forestry Futures Trust fund account for FRI expenses, until a targeted $10 million contribution to the FRI account is achieved. After reaching the intended $10 million level, the FRI charge is set to zero.¹ The FRI collection results in no net effect to the forest industry with respect to stumpage charges, as the minimum price is reduced an equivalent amount to FRI charges, while FRI charges are being collected.

Recovery of Prior Years’ Expenditures represents monies recovered subsequent to the fiscal year-end in which the related expenditures were made. These receipts represent amounts, which, except for the timing of the recovery, would have been classified as expenditure refunds.

Reimbursements of expenditures are repayments of expenses incurred by the government under formal agreement, understanding or arrangement that the expenses will be recovered in whole or in part.

Fines and Penalties are remittances for infractions of laws, regulations and rules.

Revenues under “Power Supply Contract Recoveries” arise from the reselling of power and recovery from electricity consumers of the cost of power supply agreements of the OEFC, the legal continuation of the former Ontario Hydro.

Power purchase contracts were entered into by the former Ontario Hydro with non-utility generators (NUGs) located in Ontario. As the legal continuation of Ontario Hydro, as of April 1, 1999, the OEFC is the counterparty to these contracts. The contracts provide for the purchase of power at prices that were expected to be in excess of market prices. Accordingly, a power purchase contract liability was recorded on a discounted cash-flow basis. Under legislated reforms to the electricity market, OEFC began receiving actual contract prices for power from ratepayers, effective January 1, 2005, and no longer incurs losses on these power purchase contracts. At that time, the decision was made to amortize the liability to revenue over the period when most existing electricity contracts expire with the liability fully eliminated in fiscal 2021–22.

The Net Reduction of Power Purchase Contracts represented the effective elimination over time of the power purchase contract liability. The amount reflected the deduction for estimated in-year losses used to calculate the liability prior to the legislated reforms to the electricity market that effectively eliminated over time the power purchase liability.

The Independent Electricity System Operator (IESO) was established by the Electricity Act, 1998. It operates independently as a non-profit corporation without share capital. Licensed by the Ontario Energy Board (OEB), it reports to the legislature through the Ministry of Energy. The IESO directs the operation and maintains the reliability of the province’s power system. The IESO balances demand for electricity against available supply through the wholesale market and directs the flow of electricity across the transmission system. IESO’s revenue is derived primarily from OEB-approved fees for each megawatt of electricity withdrawn from the IESO-controlled grid.

 

		2023				2022*
TOTAL REVENUES		$	192,887,152,715			$	185,128,000,254

*Restated actual due to the consolidation Pension Benefits Guarantee Fund (PBGF) in 2022–23.

 

 

1	The only exception to this rule is bioproducts sector, for which FRI is collected at the rate of $0.59/m3 throughout the fiscal year.

 

15

SUMMARY OF REVENUE BY MAIN

For the year ended

 

Ministry		Taxation $				Government of Canada $				Income from Government Enterprises $				Reimbursement of Expenditures $				Fees, Licences and Permits $				Sales and Rentals $
Agriculture, Food and Rural Affairs			—				51,833,818				—				62,536				366,555				—
Assembly, Office of the			—				—				—				—				—				73,542
Attorney General			—				81,738,261				—				83,441,500				138,317,206				133,794
Cabinet Office			—				—				—				—				184				—
Chief Electoral Officer, Office of the			—				—				—				—				—				—
Children, Community and Social Services			—				463,870,862				—				13,679,975				957,865				44
Citizenship and Multiculturalism			—				—				—				—				—				—
Colleges and Universities			—				132,806,137				—				681,110				2,270,436				—
Economic Development, Job Creation and Trade			—				—				—				—				1,199,060				36,785
Education			—				1,779,845,195				—				—				1,043,593				—
Energy			—				—				315,850,306				—				2,205				6,004,397
Environment, Conservation and Parks			—				2,336,506				—				1,195,331				12,883,505				—
Finance			135,542,882,241				24,487,695,066				5,161,161,000				143,968,512				75,904,581				—
Francophone Affairs			—				1,470,000				—				—				—				—
Government and Consumer Services			—				5,793,488				—				874,152				266,405,885				176,862,632
Health			—				1,085,541,746				—				24,488,024				9,534,630				—
Heritage, Sport, Tourism and Culture Industries			—				1,128,228				—				—				279,834				952,923
Indigenous Affairs			—				—				—				—				720				—
Infrastructure			—				277,983,106				—				—				270				—
Labour, Training and Skills Development			—				1,089,316,166				—				254,559,797				12,223,752				2,200
Long-Term Care			—				16,411,907				—				—				186,225				—
Municipal Affairs and Housing			—				571,946,307				—				20,484,634				1,871,548				264,722
Northern Development, Mines, Natural Resources and Forestry			1,946,791				6,328,256				—				4,689,388				18,908,264				8,569,818
Ombudsman Ontario			—				—				—				—				—				—
Seniors and Accessibility			—				—				—				—				—				—
Solicitor General			—				55,520,066				—				483,123,962				38,680,385				208,457
Transportation			—				504,184,738				—				50,400				1,337,140,345				18,155,184
Treasury Board Secretariat			—				—				—				—				345				—
Total Ministries Before Consolidation			135,544,829,032				30,615,749,852				5,477,011,306				1,031,299,321				1,918,177,394				211,264,496
Consolidation and Other Adjustments			973,621,953				648,213,298				656,087,218				184,024				556,950,995				1,016,001,584
Per Consolidated Financial Statements			136,518,450,985				31,263,963,150				6,133,098,523				1,031,483,345				2,475,128,389				1,227,266,080

Note:  Numbers may not add due to rounding.

 

16

CLASSIFICATION AND MINISTRY

March 31, 2023

 

Royalties $				Recovery of Prior Years’ Expenditures $				Miscellaneous $				Ministry Total Before Consolidation $				Consolidation, Reclassification and Other Adjustments $				Post-Consolidated Results $				Ministry
	—				5,067,989				5,972,326				63,303,223				263,703,230				327,006,453			Agriculture, Food and Rural Affairs
	—				251,505				1,033,393				1,358,440				—				1,358,440			Assembly, Office of the
	—				6,293,528				140,533,493				450,457,782				368,682,762				819,140,544			Attorney General
	—				283,002				1				283,187				—				283,187			Cabinet Office
	—				—				948,860				948,860				—				948,860			Chief Electoral Officer, Office of the
	—				244,674,452				13,097,845				736,281,044				186,541,166				922,822,209			Children, Community and Social Services
	—				156,152				—				156,152				—				156,152			Citizenship and Multiculturalism
	—				94,569,230				5,369,842				235,696,755				5,204,358,800				5,440,055,554			Colleges and Universities
	727,804				43,721,900				15,076,072				60,761,621				378,921				61,140,542			Economic Development, Job Creation and Trade
	—				196,231,420				2,190,376				1,979,310,584				1,224,727,450				3,204,038,034			Education
	—				45,691,749				21,088,595				388,637,252				797,576,668				1,186,213,920			Energy
	—				15,800,911				37,764				32,254,017				389,250,828				421,504,845			Environment, Conservation and Parks
	46,497,125				22,808,763				30,451,756				165,511,369,045				1,555,620,139				167,066,989,184			Finance
	—				44,709				43				1,514,752				—				1,514,752			Francophone Affairs
	—				5,311,409				56,736,338				511,983,904				(157,525,439	)			354,458,465			Government and Consumer Services
	—				630,271,256				1,128,193				1,750,963,847				4,806,798,528				6,557,762,376			Health
	—				18,532,874				2,214				20,896,073				301,584,744				322,480,817			Heritage, Sport, Tourism and Culture Industries
	—				4,698,630				41,756				4,741,106				—				4,741,106			Indigenous Affairs
	—				5,300,941				326,005				283,610,322				31,733,853				315,344,175			Infrastructure
	—				143,873,940				43,727,808				1,543,703,662				(67,194,932	)			1,476,508,730			Labour, Training and Skills Development
	—				45,642,691				157,964				62,398,786				(12,022,589	)			50,376,197			Long-Term Care
	—				5,959,007				32,835				600,559,052				796,655				601,355,707			Municipal Affairs and Housing
	240,042,081				23,464,087				9,909,361				313,858,046				145,172,020				459,030,066			Northern Development, Mines, Natural Resources and Forestry
	—				171,746				193,854				365,599				—				365,599			Ombudsman Ontario
	—				4,610,811				1,096				4,611,907				—				4,611,907			Seniors and Accessibility
	—				10,240,980				1,456,954				589,230,803				—				589,230,803			Solicitor General
	—				59,829,624				20,023,501				1,939,383,792				591,287,410				2,530,671,202			Transportation
	—				167,042,542				—				167,042,888				—				167,042,888			Treasury Board Secretariat
	287,267,009				1,800,545,846				369,538,244				177,255,682,499				—				—			Total Ministries Before Consolidation
	47,409,438				(628,131,120	)			12,361,132,825				—				15,631,470,216				—			Consolidation and Other Adjustments
	334,676,447				1,172,414,727				12,730,671,069				—				—				192,887,152,715			Per Consolidated Financial Statements

 

17

SUMMARY OF EXPENSES BY STANDARD

For the year ended

 

Ministry		Salaries and Wages $				Employee Benefits $				Transportation and Communication $				Services $				Supplies and Equipment $
Agriculture, Food and Rural Affairs			85,141,345				13,185,246				2,162,768				28,714,550				682,084
Assembly, Office of the			102,587,961				29,510,999				5,663,721				37,297,698				10,120,667
Attorney General			897,419,298				120,397,595				21,808,773				378,305,220				11,411,465
Auditor General, Office of the			16,054,845				3,997,533				237,504				5,629,818				891,933
Cabinet Office			34,059,570				4,747,125				498,360				3,426,468				253,366
Chief Electoral Officer, Office of the			12,376,836				2,691,746				19,109				384,439				8,050
Children, Community and Social Services			484,282,125				89,325,979				13,452,185				168,443,380				8,915,752
Citizenship and Multiculturalism			11,484,620				1,561,442				159,102				4,584,169				82,436
Colleges and Universities			35,319,023				5,314,315				638,150				24,017,051				119,634
Economic Development, Job Creation and Trade			59,518,080				8,181,740				1,198,423				29,651,828				331,704
Education			160,451,555				24,294,907				1,834,789				81,992,153				4,295,280
Energy			19,319,897				2,886,317				257,522				6,770,922				74,950
Environment, Conservation and Parks			183,228,251				29,842,889				2,892,601				69,051,254				11,643,308
Finance			128,889,386				19,839,824				3,255,831				198,161,342				2,416,677
Francophone Affairs			2,318,648				331,649				51,344				2,259,629				4,629
Government and Consumer Services			312,160,953				51,192,773				33,498,107				863,231,853				(11,725,948	)
Health			296,049,059				52,062,043				10,885,470				373,108,411				4,894,809
Heritage, Sport, Tourism and Culture Industries			44,828,770				7,016,495				1,026,258				32,880,814				2,282,788
Indigenous Affairs			17,363,244				2,347,146				518,623				14,016,535				132,859
Infrastructure			22,294,324				3,293,943				175,002				25,617,155				58,653
Labour, Training and Skills Development			231,620,899				38,951,174				4,314,339				67,281,079				1,697,758
Lieutenant Governor, Office of the			1,353,300				161,626				35,818				151,420				70,156
Long-Term Care			51,901,932				8,479,959				1,830,125				18,800,777				100,624
Municipal Affairs and Housing			43,999,448				6,580,298				514,249				12,408,824				118,450
Northern Development, Mines, Natural Resources and Forestry			265,958,402				46,339,195				11,136,438				313,130,288				31,876,186
Ombudsman Ontario			14,308,320				4,180,710				325,886				4,573,101				668,828
Premier, Office of the			2,112,961				232,836				192,878				(131,131	)			22,705
Seniors and Accessibility			15,494,050				2,001,500				168,129				3,523,115				58,912
Solicitor General			1,995,537,874				354,592,057				82,690,661				591,327,606				189,941,137
Transportation			229,934,167				39,276,271				6,668,749				874,840,597				49,108,277
Treasury Board Secretariat			152,846,462				1,249,197,947				1,331,562				42,689,419				431,673
			5,930,215,604				2,222,015,280				209,442,475				4,276,139,782				320,989,802
Expense Reclassification**			271,832,272				34,347,636				49,135,704				(365,509,230	)			10,193,618
Total Ministries Before Consolidation			6,202,047,877				2,256,362,916				258,578,180				3,910,630,552				331,183,420
Consolidation and Other Adjustments			46,761,279,991				11,638,656,708				458,581,378				11,195,844,206				9,281,925,291
Per Consolidated Financial Statements			52,963,327,867				13,895,019,624				717,159,558				15,106,474,758				9,613,108,710

 

*	Statutory expense has been allocated to the appropriate Standard Accounts. Recoveries of expenses by standard accounts are netted at the ministry level to reflect the Estimates structure.

**

Expenses are reclassified for the recoveries related to Seconded Legal Services (Ministry of Attorney General), Info. & Info. Tech. Cluster (Ministries of Education, Solicitor General, Treasury Board Secretariat) and Enterprise I & IT, Ontario Shared Services, Government Services Integration Cluster (Ministry of Government and Consumer Services).

Note:  Numbers may not add due to rounding.

 

18

ACCOUNTS CLASSIFICATION AND MINISTRY*

March 31, 2023

 

Transfer Payments $				Other Transactions $				Ministry Total Before Consolidation1 $				Consolidation, Reclassification and Other Adjustments2 $				Per Consolidated Financial Statements $				Ministry
	488,158,231				315,668				618,359,892				214,119,861				832,479,753			Agriculture, Food and Rural Affairs
	292,120				—				185,473,166				(12,867,948	)			172,605,218			Assembly, Office of the
	385,126,553				203,619,609				2,018,088,511				(94,435,952	)			1,923,652,559			Attorney General
	12,000				—				26,823,634				(1,379,611	)			25,444,022			Auditor General, Office of the
	—				—				42,984,890				—				42,984,890			Cabinet Office
	—				156,619,041				172,099,220				(1,306,704	)			170,792,516			Chief Electoral Officer, Office of the
	17,362,085,625				102,848,226				18,229,353,271				(89,479,348	)			18,139,873,924			Children, Community and Social Services
	31,366,358				—				49,238,125				—				49,238,125			Citizenship and Multiculturalism
	6,593,007,222				60,570,735				6,718,986,129				4,902,185,434				11,621,171,563			Colleges and Universities
	977,437,001				2,038,436				1,078,357,210				1,846,469				1,080,203,678			Economic Development, Job Creation and Trade
	34,276,362,685				8,733,452				34,557,964,822				1,643,917,934				36,201,882,755			Education
	5,847,446,331				1,601,431				5,878,357,369				221,847,253				6,100,204,623			Energy
	69,112,926				13,439,907				379,211,136				364,865,373				744,076,509			Environment, Conservation and Parks
	717,006,133				12,908,283,878				13,977,853,070				223,773,738				14,201,626,809			Finance
	2,766,505				—				7,732,403				—				7,732,403			Francophone Affairs
	53,130,977				459,777,503				1,761,266,219				657,911,566				2,419,177,784			Government and Consumer Services
	64,936,464,448				1,341,220,886				67,014,685,127				9,029,789,820				76,044,474,946			Health
	1,601,178,531				—				1,689,213,656				272,991,185				1,962,204,841			Heritage, Sport, Tourism and Culture Industries
	6,350,639,596				—				6,385,018,003				(645,268	)			6,384,372,735			Indigenous Affairs
	963,115,682				—				1,014,554,760				164,432,020				1,178,986,780			Infrastructure
	1,799,759,146				4,155,974				2,147,780,370				(381,114,221	)			1,766,666,149			Labour, Training and Skills Development
	—				155,800				1,928,121				—				1,928,121			Lieutenant Governor, Office of the
	7,119,484,630				—				7,200,598,048				(4,754,810,667	)			2,445,787,380			Long-Term Care
	1,497,912,081				3,034,016				1,564,567,366				(1,555,524	)			1,563,011,841			Municipal Affairs and Housing
	421,001,409				407,921,943				1,497,363,861				111,246,212				1,608,610,073			Northern Development, Mines, Natural Resources and Forestry
	—				—				24,056,845				(1,215,253	)			22,841,592			Ombudsman Ontario
	—				—				2,430,248				—				2,430,248			Premier, Office of the
	216,037,527				—				237,283,233				—				237,283,233			Seniors and Accessibility
	461,020,776				115,538,587				3,790,648,699				(295,878,666	)			3,494,770,033			Solicitor General
	7,569,452,922				1,208,579,959				9,977,860,942				(3,356,661,940	)			6,621,199,002			Transportation
	1,142,862				9,918,900				1,457,558,824				224,403,752				1,681,962,575			Treasury Board Secretariat
	159,740,520,277				17,008,373,949				189,707,697,169				9,041,979,514				198,749,676,683
	—				—				—				—				—			Expense Reclassification
	159,740,520,277				17,008,373,949				189,707,697,169				—				—			Total Ministries Before Consolidation
	(77,892,706,937	)			7,598,398,877				—				9,041,979,514				—			Consolidation and Other Adjustments
	81,847,813,340				24,606,772,826				—				—				198,749,676,683			Per Consolidated Financial Statements

 

1	Total CRF Expenses reflect expenses subject to appropriation per ministry structure in place when the Estimates for 2022–23 were issued.

2	There were adjustments made to the 2022–23 ministries’ actual to record increased liabilities or contingent liabilities. Ministries could not charge these amounts to an appropriation for the 2022–23 fiscal year but will seek the necessary appropriation in fiscal 2023–24.

 

19

SUMMARY OF EXPENSES BY STANDARD ACCOUNT

For the year ended

 

Ministry		Salaries and Wages $				Employee Benefits $				Transportation and Communication $				Services $				Supplies and Equipment $
Agriculture, Food and Rural Affairs			85,141,345				13,185,246				2,162,768				28,714,550				682,084
Assembly, Office of the			102,587,961				29,510,999				5,663,721				37,297,698				10,120,667
Attorney General			897,419,298				120,397,595				21,808,773				378,305,220				11,411,465
Auditor General, Office of the			16,054,845				3,997,533				237,504				5,629,818				891,933
Cabinet Office			34,059,570				4,747,125				498,360				3,426,468				253,366
Chief Electoral Officer, Office of the			12,376,836				2,691,746				19,109				384,439				8,050
Children, Community and Social Services			484,282,125				89,325,979				13,452,185				168,443,380				8,915,752
Citizenship and Multiculturalism			11,484,620				1,561,442				159,102				4,584,169				82,436
Colleges and Universities			35,319,023				5,314,315				638,150				24,017,051				119,634
Economic Development, Job Creation and Trade			59,518,080				8,181,740				1,198,423				29,651,828				331,704
Education			160,451,555				24,294,907				1,834,789				81,992,153				4,295,280
Energy			19,319,897				2,886,317				257,522				6,770,922				74,950
Environment, Conservation and Parks			183,228,251				29,842,889				2,796,984				64,502,144				9,060,856
Finance			128,889,386				19,839,824				3,255,831				198,161,342				2,416,677
Francophone Affairs			2,318,648				331,649				51,344				2,259,629				4,629
Government and Consumer Services			312,160,953				51,192,773				33,490,082				678,120,807				(11,725,948	)
Health			296,049,059				52,062,043				10,885,470				373,108,411				4,894,809
Heritage, Sport, Tourism and Culture Industries			44,828,770				7,016,495				1,026,258				8,849,015				1,612,303
Indigenous Affairs			17,363,244				2,347,146				518,623				14,016,535				132,859
Infrastructure			22,294,324				3,293,943				175,002				25,617,155				58,653
Labour, Training and Skills Development			231,620,899				38,951,174				4,314,339				67,281,079				1,697,758
Lieutenant Governor, Office of the			1,353,300				161,626				35,818				151,420				70,156
Long-Term Care			51,901,932				8,479,959				1,830,125				18,800,777				100,624
Municipal Affairs and Housing			43,999,448				6,580,298				514,249				12,408,824				118,450
Northern Development, Mines, Natural Resources and Forestry			265,958,402				46,339,195				11,000,002				172,537,819				24,020,364
Ombudsman Ontario			14,308,320				4,180,710				325,886				4,573,101				668,828
Premier, Office of the			2,112,961				232,836				192,878				(131,131	)			22,705
Seniors and Accessibility			15,494,050				2,001,500				168,129				3,523,115				58,912
Solicitor General			1,995,537,874				354,592,057				82,690,661				556,412,066				189,941,006
Transportation			229,934,167				39,276,271				6,664,069				872,000,561				44,929,328
Treasury Board Secretariat			152,846,462				1,249,197,947				1,331,562				42,689,419				431,673
			5,930,215,604				2,222,015,280				209,197,718				3,884,099,782				305,701,964
Expense Reclassification**			271,832,272				34,347,636				49,135,704				(365,509,230	)			10,193,618
Total Ministries Before Consolidation			6,202,047,877				2,256,362,916				258,333,422				3,518,590,552				315,895,581
Consolidation and Other Adjustments			46,761,279,991				11,638,656,708				458,581,378				11,434,497,597				9,281,925,291
Per Consolidated Financial Statements			52,963,327,867				13,895,019,624				716,914,800				14,953,088,149				9,597,820,872

 

*	Statutory expense has been allocated to the appropriate Standard Accounts. Recoveries of expenses by standard accounts are netted at the ministry level to reflect the Estimates structure.

**

Expenses are reclassified for the recoveries related to Seconded Legal Services (Ministry of Attorney General), Info. & Info. Tech. Cluster (Ministries of Education, Solicitor General, Treasury Board Secretariat) and Enterprise I & IT, Ontario Shared Services, Government Services Integration Cluster (Ministry of Government and Consumer Services).

Note:   Numbers may not add due to rounding.

 

20

CLASSIFICATION AND MINISTRY – OPERATING*

March 31, 2023

 

Transfer Payments $				Other Transactions $				Ministry Total Before Consolidation1 $				Consolidation, Reclassification and Other Adjustments2 $				Per Consolidated Financial Statements $				Ministry
	480,658,231				315,668				610,859,892				214,966,220				825,826,111			Agriculture, Food and Rural Affairs
	292,120				—				185,473,166				(12,867,948	)			172,605,218			Assembly, Office of the
	385,126,553				147,376,685				1,961,845,588				(97,116,185	)			1,864,729,403			Attorney General
	12,000				—				26,823,634				(1,379,611	)			25,444,022			Auditor General, Office of the
	—				—				42,984,890				—				42,984,890			Cabinet Office
	—				156,619,041				172,099,220				(1,306,704	)			170,792,516			Chief Electoral Officer, Office of the
	17,296,761,474				63,520,568				18,124,701,462				(102,492,600	)			18,022,208,863			Children, Community and Social Services
	31,366,358				—				49,238,125				—				49,238,125			Citizenship and Multiculturalism
	6,312,662,898				54,792,130				6,432,863,200				4,616,070,082				11,048,933,282			Colleges and Universities
	977,437,001				2,038,436				1,078,357,210				1,846,469				1,080,203,678			Economic Development, Job Creation and Trade
	32,484,410,988				2				32,757,279,675				1,711,053,114				34,468,332,789			Education
	5,847,446,331				1,601,431				5,878,357,369				199,673,293				6,078,030,662			Energy
	43,456,106				65,900				332,953,129				362,079,462				695,032,592			Environment, Conservation and Parks
	717,006,133				12,908,283,878				13,977,853,070				214,913,104				14,192,766,175			Finance
	2,766,505				—				7,732,403				—				7,732,403			Francophone Affairs
	53,130,977				437,190,447				1,553,560,092				537,399,119				2,090,959,211			Government and Consumer Services
	63,594,239,662				1,324,327,084				65,655,566,538				8,175,987,679				73,831,554,217			Health
	1,572,218,162				—				1,635,551,003				261,475,506				1,897,026,509			Heritage, Sport, Tourism and Culture Industries
	6,344,915,154				—				6,379,293,561				(645,268	)			6,378,648,293			Indigenous Affairs
	306,494				—				51,745,572				161,974,256				213,719,828			Infrastructure
	1,745,145,389				313,493				2,089,324,132				(357,134,961	)			1,732,189,171			Labour, Training and Skills Development
	—				155,800				1,928,121				—				1,928,121			Lieutenant Governor, Office of the
	7,067,927,791				—				7,149,041,209				(4,703,253,828	)			2,445,787,380			Long-Term Care
	1,247,550,256				2,429,617				1,313,601,142				(1,555,524	)			1,312,045,617			Municipal Affairs and Housing
	349,597,006				6,882,686				876,335,473				155,732,333				1,032,067,806			Northern Development, Mines, Natural Resources and Forestry
	—				—				24,056,845				(1,215,253	)			22,841,592			Ombudsman Ontario
	—				—				2,430,248				—				2,430,248			Premier, Office of the
	216,037,527				—				237,283,233				—				237,283,233			Seniors and Accessibility
	450,543,879				53,147,899				3,682,865,443				(229,503,031	)			3,453,362,412			Solicitor General
	1,670,674,367				3,260				2,863,482,023				884,797,561				3,748,279,585			Transportation
	1,142,862				9,918,900				1,457,558,824				224,403,752				1,681,962,575			Treasury Board Secretariat
	148,892,832,220				15,168,982,925				176,613,045,493				12,213,901,035				188,826,946,528
	—				—				—				—				—			Expense Reclassification**
	148,892,832,220				15,168,982,925				176,613,045,493				—				—			Total Ministries Before Consolidation
	(69,290,780,432	)			1,929,740,502				—				12,213,901,035				—			Consolidation and Other Adjustments
	79,602,051,788				17,098,723,427				—				—				188,826,946,528			Per Consolidated Financial Statements

 

1	Total CRF Expenses reflect expenses subject to appropriation per ministry structure in place when the Estimates for 2022–23 were issued.

2	There were adjustments made to the 2022–23 ministries’ actual to record increased liabilities or contingent liabilities. Ministries could not charge these amounts to an appropriation for the 2022–23 fiscal year but will seek the necessary appropriation in fiscal 2023–24.

 

21