Contingency Funds

• New B.C. rules boost minimum strata corporations must put aside for contingencies

  Under the changes, stratas will now have to contribute at least 10 per cent of their annual operating budget expenses every year, up from five per cent.

  Canada

  Jan 25
  
• Ontario fiscal watchdog projects smaller deficit due to lower than planned spending

  The Financial Accountability Office said it arrived at its $8.1 billion deficit figure after reviewing government spending and finding that the province spent less than planned.

  Politics

  Jul 19, 2022
  
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• Ontario auditor notes huge contingency funds, underestimated tax revenue in PC budget

  "Understating revenues can create a perception that the government has less revenues available when deciding on programs and initiatives, or annual deficit reduction."

  Politics

  May 2, 2022