In a report released Tuesday, the Financial Accountability Office says Ontario expects to generate $3 billion in revenue from service fees in 2018-19, up from $2.9 billion the previous year
Ontario Financial Accountability Officer Peter Weltman answers questions in Toronto on Dec. 10, 2018. One of Ontario’s fiscal watchdogs says the province is overcharging for certain fees such as those for marriage and birth registrations, a situation that could leave it vulnerable to a legal challenge.
The report says personal property security fees, which relate to registering liens, are projected to bring in nearly 13 times the cost of the program in 2018-19, while incorporation fees are projected to bring in three times the program costs.Revenue from birth, marriage and death registration fees is projected to be 1.2 times the cost of the program.
This fee category is expected to see a slower growth rate – 1.8 per cent in 2018-19 compared with 10.1 annually for the six previous years – due in part to the government’s decision to cancel a planned fee rate increase, the FAO says.Overall, Ontario expects to generate $3 billion in revenue from service fees in 2018-19, up from $2.9 billion the previous year, the report says.
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