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The Ontario Pension Board in Canada is an independent organization responsible for administering defined-benefit pensions for certain employees of the provincial government and its agencies, boards, and commissions.
In 2001, Ontario Teachers' Pension Plan and Caisse de dépôt et placement du Québec were the sole two investors in a US$360 million fund raised by Canadian company Cordiant Capital. [16] Ontario Teachers' also owned Camelot Group PLC, which held an exclusive licence to operate the UK National Lottery until January 31st 2024.
Although the Treasury Board possessed a secretary as early as 1956, a permanent Treasury Board Secretariat was not established until 1962. Initially, the secretariat only has two broad functions: to support the Treasury Board as a committee of cabinet, and to provide management and budgetary advisory to ministries and agencies of government.
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The Workplace Safety and Insurance Board (WSIB) is the workplace compensation board for provincially regulated workplaces in Ontario.As an agency of the Ontario government, the WSIB operates "at arm's length" from the Ministry of Labour, Training and Skills Development and is solely funded by employer premiums, administration fees, and investment revenue.
Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...
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This was endorsed by Iacobucci J in Ontario English Catholic Teachers' Assn. v. Ontario (Attorney General), and he further stated: The delegation of the imposition of a tax is constitutional if express and unambiguous language is used in making the delegation. The animating principle is that only the legislature can impose a new tax ab initio ...