News never stops, even if the provincial legislature does. Here are a couple of stories to keep in mind in Ontario politics.
- Taxing the Carbon Tax? This one was brought to us by CTV’s Paul Bliss. The controversial Carbon tax begins January, 2017 will also be subjected to 13% HST. The carbon tax was passed as part of the 2016 provincial budget. It will increase the cost of home heating oil by $5/month, and gas at the pumps by 4.3 cents/ litre. Watch the story here
2. Ontario Retirement Pension Plan (O.R.P.P.): Yes, the increase in the Canada Pension Plan (C.P.P.) means no more Ontario Retirement Pension Plan. However, stopping something like this comes with a $70 million price tag. “The need to address the retirement savings gap was too important for us to sit idly by,” reads a statement from Finance Minister Charles Sousa, and Minister responsible for the O.R.P.P. Indira Naidoo-Harris.
It breaks down to: $30 million spent on setting it up, $9.5 million spent on compensation directly related to the plan’s development. $6.5 million was spent on severance, salaries and benefits from 2013-2016. $3.3 million was spent on severance for 33 employees who had already started working on it. What keeps this story going? The statement announcing its demise also calls for the Auditor-General to look at the numbers. It usually doesn’t end well when they get involved.