Roughly half of all business income tax revenue collected by the province was sent back to select firms and industries.
ontario government spending
Under the Ford government, inflation-adjusted per-person spending has increased by 2.4 per cent annually.
Government wages in the province were 10.9 per cent higher, on average, than wages in the private sector.
Despite years of criticizing its predecessors for reckless spending, the Ford government has followed a similar fiscal path.
Government workers in the province enjoy higher wages and benefits compared to similar private-sector workers.
Ontario’s net debt increased from $373.6 billion in 2020/21 to $380.4 billion in 2021/22.
The province holds $380.4 billion in debt—or nearly $26,000 per Ontarian.
The province's top income tax bracket to 53.53 per cent, the third-highest rate in North America.
The government plans to increase spending by 8.6 per cent.