TORONTO, March 12, 2013 /CNW/ - The Certified General Accountants of
Ontario (CGA Ontario) has presented its pre-budget recommendations to
the Honourable Charles Sousa, Minister of Finance, in advance of the
2013 Ontario provincial budget.
The recommendations place emphasis on four key areas: continued debt reduction, exploration
of alternative service delivery, investment in public transit and
effective support of SMEs.
Return to a balanced budget and reduce the overall debt
Leverage value for money audits to identify if a program or service can
be delivered with less cost and greater efficiency.
Use existing tools and resources to collect unpaid taxes.
Limit annual program spending increases to less than one percent after
the budget is balanced.
"We remain optimistic that the budget can be balanced by 2017-18, but
stress that the government must focus on continued debt reduction once
the budget is balanced," said Doug Brooks, FCGA, CEO, CGA Ontario.
Alternative Service Delivery
Explore innovative ways to deliver services.
Leverage the expertise of the private and not-for-profit sectors.
Ensure that agreements include appropriate oversight and governance
"The government needs to incorporate innovative ways to deliver services
that provide cost efficiencies without sacrificing quality," said Ted
Wigdor, vice-president, government, regulatory and corporate affairs,
CGA Ontario. "This can be accomplished by seeking partnerships with
private and not-for-profit organizations and leveraging their
expertise, thereby enabling the government to focus on public policy
Investment in Public Transit
Commit to dedicated funding for public transit investment.
Develop a regional public transit strategy.
Identify appropriate revenue generating tools based on an analysis of
"We encourage the federal government to contribute to investing in
public transit in large urban centres," said Ted Wigdor,
vice-president, government, regulatory and corporate affairs, CGA
Ontario. "We also recommend that the government commit in legislation
that all revenue generated for public transit be reinvested solely in
Support for Innovative and Growth-oriented SMEs
Strengthen the environment for industry clusters.
Experiment with focused support, but with ongoing evaluation of results.
Use procurement to drive innovation and reduce capital gains at initial
"Small- and medium-sized enterprises (SMEs) are the backbone of
Ontario's economy," said Doug Brooks, FCGA, CEO, CGA Ontario. "We
believe that focused support will increase the number of smaller firms
that will grow into sector leaders in Ontario and abroad."
About Certified General Accountants of Ontario
CGA Ontario is a self-governing body that grants the exclusive rights to
the CGA designation, and controls the professional standards, conduct
and discipline of its members and students in the province of Ontario.
Certified general accountants (CGAs) are committed to meeting the needs
of businesses and organizations with strategic insight, leadership and
demonstrated abilities. In Ontario, there are more than 22,000 CGAs and
approximately 8,000 students working towards their designation. www.cga-domore.org
SOURCE: CERTIFIED GENERAL ACCOUNTANTS OF ONTARIO
For further information:
Amy Mulhern, Manager, Public Relations, CGA Ontario
Telephone: 416-544-4781 / 1-800-668-1454 ext. 8311 / Mobile: 416-606-5860