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Hogan is a member of the Chartered Professional Accountants of Ontario as well as the Ordre des comptables professionnels agréés du Québec. [1] Hogan joined the Office of the Auditor General of Canada in 2006. Hogan was appointed as Assistant Auditor General of Canada in January 2019. [2] In June 2020, she was appointed as Auditor General.
The auditor's office was created in 1869. [2]Before 1886, the auditor's office was an adjunct of the Treasury Department. [3] Since the passage of the 1886 Audit Act, the office has evolved (after the 1950 Audit Act) into an independent provincial agency. [2]
In Ontario's 2015/2016 public accounts, Auditor General Lysyk was concerned that two public sector pension plans discounted plan liabilities at 6.25%, which is higher than the 2.2% on Ontario Savings Bonds and even above the rates the plans themselves use (4.8% and 5.55%) — "a particular sticking point" for Lysyk. [5]
The Office of the Auditor General of Canada was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc. five years in a row (2008–2012), and was featured in Maclean's newsmagazine. [ 8 ] The commissioner of the environment and sustainable development, was created by Parliament in 1995 as an aide to the AGC, and has offices within ...
In 2020, when Alberta made a deep and rapid corporate tax rate cut, from 12%, which is the average provincial corporate tax rate, to 8%, University of Toronto economist, Michael Smart, cautioned that this could result in "Ontario-based companies booking profits in Alberta to pay lower tax rates—shades of the "Québec shuffle" that occurred in ...
Prior to the creation of MPAC, municipalities in Ontario had discretion on how they chose to assess properties. This created inequity across the province, as similar properties across the province had separate values. In 2022, MPAC sent out approximately 6 million property assessment notices, advising properties of their assessment value.
The provinces maintain dual tax rates, with a lower rate applicable to income that qualifies for the federal small business deduction, and the higher rate to all other forms of income. While some provinces adhere to the business limit for the lower rate set by the federal governments, other provinces choose to maintain their own rate. [48]
The annual property tax for any province contains at least two elements: the municipal rate and the education rate. The combination of municipal and education tax portions along with any base taxes or other special taxes determines the full amount of the tax. These taxes account for about ten percent of total taxation in Canada. Land Transfer Tax