Ontario’s tax expenditures are growing faster than program spending, and with less oversight, watchdog says

The cost of tax breaks given to Ontarians is rising faster than spending on government programs – and without continuing oversight by elected representatives, the province’s budget watchdog says.

In a report released Wednesday, the Financial Accountability Office of Ontario provided a rare detailed analysis of the cost of the province’s tax expenditures, the billions in credits and deductions that Ontario taxpayers and businesses claim each year.