Quote:
Originally Posted by CaptainCrunch
I don't know if the tax well in Ontario is deep enough for that.
With out of control utilities bills, They've already done tax increases in Ontario and added more consumption taxes for things like gas, liquor etc.
The taxpayer burden in that province is already close to the breaking point in terms of day to day living expenses.
Wynn is a terrible financial manager as was her predecessor, they've dug a hole that they can't really tax out of without doing some serious cancellations of their pet projects.
Or they can go to the feds for a bigger chunk of equalization.
Ontario is as badly run as Quebec was and now Quebec is forcing austerity measures.
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While I agree Wynne is terrible... let's not get carried away here. Ontario's economy was drilled losing a boatload of manufacturing jobs during the recession.
Current plan is to balance the budget by 2017-18. They'll unload the crown corporations - which they have a bunch of - the main electricity providor, all of the liquor stores - to lower the debt.