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Ontario on track to eliminate deficit in 2017: Wynne

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  • Jun 5th, 2017 1:36 pm
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Dec 7, 2012
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Ontario must prepare for less cash from feds
http://www.torontosun.com/2017/02/21/on ... -from-feds
In fact, the federal department of finance has indicated Ontario’s transfer will be significantly lower next year, falling from $2.3 billion in 2016/17 to $1.4 billion in 2017/18.

Meanwhile, Ottawa plans to reduce the growth in the Canada Health Transfer, which has been increasing by 6% annually.

These developments will almost certainly mean a slowdown in the overall rate of growth for federal transfers to Queen’s Park.

In 2017/18, for example, the federal government forecasts major transfers to Ontario will actually decline.
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Jul 17, 2008
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If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
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Dec 5, 2015
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Thornhill, ON
Doing it the Conservatives way..Sale of assets...
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Rings Of Saturn
Messerschmitt wrote:
Mar 13th, 2017 6:42 am
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
Someone who gets it! I think ANYONE who votes Liberal in the next provincial election should have their voting privileges revoked for life.
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Messerschmitt wrote:
Mar 13th, 2017 6:42 am
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
ontario used to be the economic engine of canada, until the manufacturers couldn't afford both the union and the hydro cost...
4930k/32gb/256gb ssd/8tb hdd/win10pro/msi 290
bst/free stuff/btc/ether
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Messerschmitt wrote:
Mar 13th, 2017 6:42 am
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
I agree on Wynne, but if you think BC would ever consider Alberta as proper company, you're high. Most if not all of BC loathes everything coming out of Alberta, out west.

In the late 90s and early 00s, it was Alberta that was broke and kept depending on Ontario, so dont worry, its cyclical. Remember when Quebec was great and Montreal the #1 city in Canada? Yea. lol

Saskatchewan and Manitoba? lol
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Buggy166 wrote:
Mar 17th, 2017 12:20 am
I agree on Wynne, but if you think BC would ever consider Alberta as proper company, you're high. Most if not all of BC loathes everything coming out of Alberta, out west.

In the late 90s and early 00s, it was Alberta that was broke and kept depending on Ontario, so dont worry, its cyclical. Remember when Quebec was great and Montreal the #1 city in Canada? Yea. lol

Saskatchewan and Manitoba? lol
Pretty sure Alberta was not a net receiver of equalization payments in the 80's or 90's
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Nov 24, 2013
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Kingston, ON
divx wrote:
Mar 16th, 2017 6:45 pm
ontario used to be the economic engine of canada, until the manufacturers couldn't afford both the union and the hydro cost...
Ontario doesn't have the GDP per capita of AB or NWT resource extraction, but Ontario is still the 'economic engine' of Canada.

https://en.wikipedia.org/wiki/List_of_C ... ic_product

In 2015, Ontario GDP was > the four Western provinces & three territories put together.
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Nov 24, 2013
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Toronto
Mike15 wrote:
Mar 17th, 2017 3:49 pm
Ontario doesn't have the GDP per capita of AB or NWT resource extraction, but Ontario is still the 'economic engine' of Canada.

https://en.wikipedia.org/wiki/List_of_C ... ic_product

In 2015, Ontario GDP was > the four Western provinces & three territories put together.
On a per capita basis, Ontario is ranked fourth.
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Apr 15, 2011
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lpin14 wrote:
Mar 18th, 2017 7:58 pm
On a per capita basis, Ontario is ranked fourth.
Ontario is doing great, and we're doing great without oil to prop us up.
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Five things to know about the 2017 Budget




680 NEWS business editor Richard Southern has some of the highlights from the provincial budget -- including free prescription medication for anyone under the age of 25.




Ontario's Finance Minister Charles Sousa CityNews to discuss what the provincial budget means for Toronto, and the how the Liberals are working to reign in a growing debt.

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Apr 15, 2011
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how about paying down the $350 BILLION debt?? I'm a strong liberal, and I think its absolutely ridiculous. These politicians are real dirt bags for continuing to pile on debt on top of debt. And its not just liberals, its conservatives too who shamelessly do the same damn thing. Do whatever it takes to pay off the debt! The problem is the idiotic public who hates paying taxes. We should hire a private company, make them responsible for bringing down the debt whatever means necessary (unless we're in a strong recession) and make them untouchable by the politicians/ self interested voters. A bit of tough love is whats needed in this case. Some options to raise money:


1) raise gas tax
2) enact tolls on busy highways.
3) increase property taxes proportional to house worth and the type of neighborhood, ie affluent neighborhoods have higher property taxes
4) start closing the loopholes the tax dodgers love to use
5) cut spending in bloated areas
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blaznazn22 wrote:
Mar 19th, 2017 11:32 am
Ontario is doing great, and we're doing great without oil to prop us up.
Thanks only to a low Cdn dollar and NAFTA - without either of these we're sunk.
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Aug 15, 2015
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Cornhole, ON
162 wrote:
Apr 28th, 2017 10:46 am
Thanks only to a low Cdn dollar and NAFTA - without either of these we're sunk.
Well one thing is about to go and it ain't the low Cdn dollar...

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