Tag Archives: Minister of Finance

Province Expanding Student Nutrition Program

April 8, 2014 The Silo Leave a comment

Ontario is expanding and enhancing its Student Nutrition Program so that 56,000 more children and youth will get the nutritional boost they need to succeed at school.

The province is making an initial investment of $32 million over the next three years as part of its five year plan to enhance the Student Nutrition Program. Under the new plan, 340 new breakfast programs will be established in elementary and secondary schools that need it most across Ontario. The program will also be expanded to on-reserve First Nations schools, beginning in northern Ontario.

The Student Nutrition Program provides nutritious breakfasts, snacks and lunches to support healthy development so school children are better prepared to learn.

Expanding the Student Nutrition Program is part of Ontario’s plan to break down barriers for low income Ontarians and address the effects of poverty. By promoting student success, it is also part of the government’s economic plan that is creating jobs for today and tomorrow by focussing on Ontario’s greatest strength – its people and strategic partnerships.

QUICK FACTS

*   During the 2012-13 school year, over 695,000 school-age children and youth
benefited from more than 4,200 breakfast, lunch and snack programs.
*   Eligible schools are identified based upon socioeconomic data and academic
performance.
*   The Healthy Kids Panel Report “No Time to Wait” highlighted the importance of
school nutrition programs.

LEARN MORE

*   Ontario’s Student Nutrition
Program<http://www.children.gov.on.ca/htdocs/English/topics/schoolsnacks/index.aspx>
*   Student Nutrition Program Nutrition Guidelines
<http://www.children.gov.on.ca/htdocs/English/topics/schoolsnacks/nutrition_guidelines.aspx>
*   Ontario’s Action Plan for Health
Care<http://www.health.gov.on.ca/en/ms/ecfa/healthy_change/>

QUOTES

“Nutritious snacks and meals are critical to the success of every child. We want Ontario’s children to reach their full potential, and this investment is one more way we are helping our children succeed.”
— Teresa Piruzza, Minister of Children and Youth Services

“Expanding the nutrition program is an important Ontario initiative to help our students excel. It is critical that our children benefit from a healthy lifestyle and are offered every opportunity to be at their best.”
— Charles Sousa, Minister of Finance

Politics

Ex-Prime Minister of Canada named Special Advisor on Retirement Income Security

January 22, 2014 The Silo Leave a comment

Fact: Fewer than 35 per cent of workers in Ontario have a workplace-based pension plan. Coverage for workers in the private sector is even lower, with only 28 per cent having the benefit of plan membership. — Fact:  Fewer than 35 per cent of workers in Ontario have a workplace-based pension plan. Coverage for workers in the private sector is even lower, with only 28 per cent having the benefit of plan membership.

Government Working on Made-in-Ontario Plan

Premier Kathleen Wynne announced today that the Right Honourable Paul Martin has agreed to serve as Special Advisor to the Minister of Finance. Mr. Martin will work with the government on a made-in-Ontario solution to enhance retirement income security for the people of Ontario.

Charles Sousa- Ontario's Minister of Finance will benefit from Paul Martin's experiences as Canada's Prime Minister and Federal Minister of Finances. CP — Charles Sousa- Ontario’s Minister of Finance will benefit from Paul Martin’s experiences as Canada’s Prime Minister and Federal Minister of Finances. CP

The announcement followed a meeting between the Premier and the former Prime Minister, where they discussed the urgent need to help hardworking people build a more secure retirement. As federal finance minister, Mr. Martin played an instrumental role in the 1997 federal-provincial agreement to reform the CPP. These reforms were critical to ensuring the plan would be financially sustainable.

Helping people retire with dignity and security is part of the government’s economic plan to invest in people, build modern infrastructure and support a dynamic and innovative business climate.

QUOTES

“I want to thank Paul Martin for taking on this role as Special Advisor. Together, I know we will help protect Ontario’s hardworking people in their retirement with a made-in-Ontario solution that is viable, responsible and puts people first.”

–– Kathleen Wynne, Premier of Ontario

“I am pleased that Paul Martin has agreed to act as Special Advisor on retirement income to the government of Ontario. After the federal government failed to agree to enhance the CPP, our government announced that we will move ahead with a made-in-Ontario solution to enhance retirement savings in the province. Paul Martin will bring a wealth of knowledge and experience as we work towards ensuring that future generations have a more secure retirement.”

–– Charles Sousa, Minister of Finance

QUICK FACTS

The Right Honourable Paul Martin was the 21^st Prime Minister of Canada from 2003 to 2006.

Fewer than 35 per cent of workers in Ontario have a workplace-based pension plan. Coverage for workers in the private sector is even lower, with only 28 per cent having the benefit of plan membership.

Retirement savings experts suggest that individuals require 50 to 70 per cent of their pre-retirement income to maintain their standard of living in retirement. Many Ontarians, including middle- and higher-income earners, may not be saving enough to meet this target.

LEARN MORE

Read Securing Our Retirement Future: Consulting with Ontarians on Canada’s Retirement Income System

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Politics

Liberals: Ontario remains on track to eliminate deficit by 2017-18

October 15, 2012 The Silo 1 Comment

OntLibsBudgetontrackPR — “20th Century Limited Train on Tracks” by Alfred Eisenstaedt

The deficit projection for the current fiscal year has improved by more than $400 million from the 2012 Budget forecast to $14.4 billion. The province remains on track to meet the 2012 Budget deficit targets in 2013-14 and 2014–15 and for the deficit to be eliminated by 2017–18.

Ontario is projecting growth in real gross domestic product (GDP) of 2.0 per cent in 2012, 1.9 per cent in 2013, 2.3 per cent in 2014 and 2.4 per cent in 2015.

As of September 2012, Ontario employment was 356,000 net new jobs above its recessionary low in June 2009. Ontario is expected to create nearly 350,000 net new jobs by 2015, reducing the unemployment rate to 6.8 per cent from a high of 9.4 per cent in June 2009.

The fiscal plan provides no funding for incremental compensation increases for new collective agreements. The government is currently consulting on draft legislation that proposes to freeze compensation for executives and managers across the Ontario Public Service, and the Broader Public Sector (BPS) who are eligible for performance pay. It also proposes to ensure future BPS collective agreements are consistent with the province’s goals to eliminate the deficit and protect jobs and public services. The proposed draft legislation would support avoiding increased spending in the BPS of $2.8 billion over three years and help to protect roughly 55,000 public sector jobs.

QUOTE

“Despite ongoing global economic uncertainty, Ontario is ahead of its targets for lowering the deficit for the fourth year in a row. We will work with anyone who is willing to work with us to meet the objectives of eliminating the deficit and protecting jobs and public services.”
— Dwight Duncan, Minister of Finance

QUICK FACTS

• The 2012–13 revenue projection of $113,019 million is $445 million above the 2012 Budget outlook, largely reflecting a higher estimated 2011–12 tax base. Consistent with the government’s continued effort toward managing the growth in expenses, total expense for 2012–13 has decreased by $3.7 million compared to the 2012 Budget plan.

• Robust business capital investment, a rebound in net trade and increased consumer spending will be key contributors to growth. Over the past two years, business investment spending on plant and equipment has risen by more than 22 per cent, or
$11.1 billion.

• In the 2011–2012 Public Accounts of Ontario, the government announced the deficit for 2011–12 was $13.0 billion, marking the third consecutive year in which the province has improved on its fiscal projections. This result is also 47 per cent lower than the 2009–10 deficit of $24.7 billion forecast in the fall of 2009, at the depth of the global recession.

• The government has brought together business, labour and public sector leaders to form the Jobs and Prosperity Council. Reporting to the Premier, and headed by RBC President and CEO Gordon Nixon, the council will explore additional opportunities in the next few months for a path to sustainable growth that will also help inform the 2013 Ontario Budget.
• The 2012 Budget extended the pay freeze for MPPs by a further two years — for a total of five years.

LEARN MORE

Read Ontario’s Mid-Year Update on Economic and Fiscal Performance for 2012–13.

Read the Ontario Economic Accounts — Second Quarter of 2012

Read a Long Term Plan for Public Sector Compensation.

Read the McGuinty government’s announcement on freezing salaries for Ontario Public Service Managers.

Read the 2012 Ontario Budget.

Read about the strong actions the McGuinty government took in the 2012 Budget to reduce the deficit further.

Read the

Addendum to the 2012 Ontario Budget: Report on Expense Management Measures.