If you have any issues accessing the federal budget summary please email christine@mfoa.on.ca
For 2024, MFOA is celebrating the trailblazers and resilient women in Ontario's municipal finance sector with monthly articles featuring the industry's leaders and up-and-coming professionals. Check back every month through this webpage, our e-Newsle
On March 26, 2024, the 2024 provincial budget was released.
MFOA has submitted a letter on the new reporting requirements for express and bare trusts.
Deflator tables taking into account this past year's inflation are now ready. These will allow you to approximate costs when accounting for older capital assets.
MFOA’s recommendations focus on the importance of the provincial-municipal partnership; a partnership that recognizes municipalities as the main driver of essential services and subject matter experts on how to improve efficiencies and operations to
On November 21, 2023, the federal Fall Economic Statement was released.
A top question for municipal finance professionals is how to quantify the changes to DC and CBC revenue since the introduction of Bill 23. MFOA has developed a spreadsheet to assist municipalities with this work.
This page will be updated with MFOA's resources related to housing issues. Recently added: MFOA's submission on Bill 134, Affordable Homes and Good Jobs Act, 2023.
MFOA has developed three case studies studying the journey and use of reserves and reserve funds in Ontario municipalities.
If you have any issues accessing the federal budget summary please email christine@mfoa.on.ca
On March 23, 2023, the 2023 provincial budget was released.
MFOA’s recommendations highlight the importance of the provincial-municipal relationship, which is critical to the wellbeing of Ontarians and maintains the essential services that citizens and businesses rely on.
This page will be updated with resources related to the PSAB Asset Retirement Obligation Standard. New: MFOA's ARO Case Study
On April 28, 2022, the 2022 provincial budget was released.
If you have any issues accessing the federal budget summary please email christine@mfoa.on.ca
MFOA’s recommendations are based on how the Province can further support municipal fiscal health and promote collaboration between governments.
MMAH has worked closely with ministry partners to update and validate changes made to the 2019 inventory with the goal of identifying further reporting reductions and producing a snapshot of municipal reporting requirements across government. The pro
MFOA has created a review of reserves and reserve funds held by Ontario municipalities and their intended use and purpose.
As part of the Municipal Debt Project, MFOA has developed a spreadsheet and tip sheet to help estimate future debt service charges of multiple serial and amortizer debentures.
MFOA has written a letter in support of the position statement issued by the Association of Municipalities of Ontario and Municipal Employer Pension Centre Ontario.
Are you or someone in your office new to the field? Look no further! The Orientation Package provides a crash course on municipal functions and important relevant organizations.
PSAB's Exposure Draft on Employee Benefits, Proposed Section PS 3251 outlines the first of several phases of PSAB’s revised employee benefits standard. Proposed Section PS 3251 would replace existing sections PS 3250 and PS 3255.
On November 4, 2021, the provincial Fall Economic Statement was released.
This report series is part of the Municipal Debt Project, which was initiated as a response to questions from MFOA members regarding good practices around the use of debt, and recommended analytics to support decision-making around debt financing.
MFOA's has submitted a response to Infrastructure Canada's National Infrastructure Assessment.
MFOA has submitted comments to PSAB on their latest exposure drafts on the Conceptual Framework and Proposed Section PS 1202, Financial Statement Presentation
MFOA has received clarification from the Ministry of Finance on s. 357(1)(d) of the Municipal Act, 2001 and s. 323(1)(d) of the City of Toronto Act, 2006
If you have any issues accessing the federal budget summary please email christine@mfoa.on.ca
On March 24, 2021, the 2021 provincial budget was released.
Visit this page for the latest COVID-19 updates in relation to MFOA operations, as well as useful resources for your municipal operations.
MFOA's has submitted a letter to MOI requesting a one-year extension of deadlines in O. Reg. 588/17: Asset Management Planning for Municipal Infrastructure under the Infrastructure for Jobs and Prosperity Act, 2015
MFOA’s recommendations are based on how the Province can further support municipal fiscal health and promote collaboration between governments.
The Public Sector Accounting Board (PSAB) is currently considering changes to employment benefits that could negatively impact municipal employers.
MFOA released the paper "Fixated on a tree, Missing the Forest" in response to the C.D. Howe Institute's latest publication “Time for an Upgrade: Fiscal Accountability in Canada’s Cities, 2020”. The purpose of this response is to review these recomme
MFOA has submitted comments to the Ministry of Finance outlining concerns with the reduction of the Business Education Tax (BET) rate to 0.88% in 2021; and the creation of a new optional small business property subclass.
On November 30, 2020, the federal Fall Economic Statement was released.
MFOA has submitted a letter to the Ministry of Municipal Affairs and Housing on the topics of Water/Wastewater Development Charges.
On November 5, 2020, the 2020 provincial budget was released.
On May 2, 2019, the Government of Ontario introduced Bill 108, More Homes, More Choice Act, 2019. The Bill aims to address housing supply in Ontario and amends a number of Acts including the Development Charges Act, 1997 and the Planning Act, 1990. V
MFOA recommends that the Province adheres to the following principles for the 2020 budget: strengthening partnerships, supporting vital services for Ontarians, and information sharing.
How do reserves and reserve funds work? This is an infographic to answer your questions!
MFOA's President Trevor Pinn has submitted an open letter to Premier Ford on the Province's efforts on the COVID-19 pandemic response.
This Section establishes standards on how to account for and report government transfers to individuals, organizations and other governments from both a transferring government and a recipient government perspective.
Our first and second report on the financial implications of the COVID-19 pandemic for municipalities and recommendations for support from other orders of government.
MFOA, in partnership with the Municipal Tax Experts (MTE), are providing our members with various resources to help the strategic CFO prepare for the 2020 reassessment and its implications. This Hub page will be regularly updated with new resources.
The 2020 Provincial budget has been deferred to Fall 2020. Instead, Minister Rod Phillips has released an economic and fiscal update.
On November 6, 2019, the provincial Fall Economic Statement was released.
The Provincial Government is currently reviewing the Ontario Municipal Partnership Fund. This page will continue to be updated on news related to the OMPF.
MFOA recommends that the Province adheres to the following principles for the 2020 budget: strengthening partnerships, supporting vital services for Ontarians, and information sharing.
Read Municipal World's June 2019 issue to learn about the importance of strategic asset management policies.
The Assessment Review Board has made changes to their Rules of Practice and Procedure. Changes are effective as of April 1, 2017.
In partnership with Asset Management Ontario, the Asset Management Resources webpage is a central source for important documents, videos, and policies related to asset management.
Significant changes are coming to the Construction Act in October 2019.
To support members navigate through the changing landscape, MFOA is increasing the depth and breadth of its analysis for municipalities, along with engagement opportunities with members about the budget.
Letter from the CRA on the matter of expense allowance for municipal officers.
If you have any issues accessing the budget summary please email shira@mfoa.on.ca or christine@mfoa.on.ca
MFOA recommends that the Province adheres to the following principles for the 2019 budget: strengthening partnerships, consideration for unintended consequences, and information sharing.
MFOA and AMO's response to PSAB's ITC on Employment Benefits: Non-Traditional Pension Plans focuses on the relationship between OMERS and its participating Ontario municipalities.
MFOA's technical response to the consultation for the Housing Supply Action Plan. The response dispels myths around development charges and explains how DCs benefit communities.
To help dispel myths surrounding development charges, MFOA has produced an infographic "Who Pays for Growth?"
On November 15, 2018, the provincial Fall Economic Statement was released.
MFOA has submitted comments to the OMERS Sponsor Corporation Board of Directors on the proposed changes to the OMERS Plan.
Read our overview of the evolving role of the Treasurer.
MFOA's Strategic Asset Management Policy Toolkit is now available
The case studies of Perth County and AMOntario present the story of utilizing communities of practice to further asset management within one’s own municipality.
The SAT and Maturity Framework is now available to all Ontario municipalities.
The Guide is intended to assist municipal staff in developing and maintaining their own communities of practice to best meet their needs.
MFOA's summary of Ontario's 2018 Provincial Budget. If you have difficulty accessing the document please email policy@mfoa.on.ca
If you have any issues accessing the budget summary please email colin@mfoa.on.ca or christine@mfoa.on.ca
O. Reg. 588/17: Asset Management Planning for Municipal Infrastructure was released on December 27, 2017.
Bill 148 has received Royal Assent. The bill includes many municipal implications that include changes to budgeting, record keeping, staff wages, and more.
New PSAB accounting standards are in effect as of January 1, 2018. MFOA has compiled a list of the standards as well as resources to help you get ready.
On November 14, 2017, the provincial Fall Economic Statement was released and Bill 177 passed first reading. Both carry municipal implications.
MFOA has submitted its response to the proposed Prudent Investor Standard Regulation.
MFOA has created a discussion paper on the impact of cap and trade in Ontario for municipalities.
Interested in what is coming in the pipeline for Ontario legislature in Fall 2017? Look no further!
MFOA has completed its 2017 Policy Survey. These findings provide staff with information to help guide future policy direction. Learn more about what our members said.
MFOA's response to PSAB's Asset Retirement Obligation (ARO) Exposure Draft. The proposed PS 3280 will address the recognition, measurement, presentation and disclosure of legal obligations associated with retirement of TCAs.
MFOA's submission to the proposed amendments to O. Reg. 82/98 (General) under the Development Charges Act, 1997.
"A Report about Reporting" is a research study on the reporting burden for Ontario municipalities.
MFOA's summary of Ontario's 2017 Provincial Budget. If you have difficulty accessing the document please email policy@mfoa.on.ca
If you have any issues accessing the budget summary please email shira@mfoa.on.ca or policy@mfoa.on.ca.
A summary of the major organizations that work on asset management in Ontario. If you have any additional organizations to add, please contact policy@mfoa.on.ca.
The rollout of the Census data can impact municipalities in multiple ways; the demographic trends observed can alter our plans for future spending.
On November 16, 2016, Bill 68, Modernizing Ontario's Municipal Legislation Act, 2016, and Bill 70, Building Ontario Up for Everyone Act (Budget Measures), 2016, were introduced for first reading. Both proposed legislative bills carry potential impact
MFOA's submission to the 2017 Provincial Pre-Budget Submission. MFOA recommends that the Ministry consider the goals of municipal fiscal sustainability when creating the 2017 budget.
If you have any issues accessing the budget summary please email colin@mfoa.on.ca or policy@mfoa.on.ca.
Deflator tables taking into account this past year's inflation are now ready. If you have issues accessing the document please contact policy@mfoa.on.ca
MFOA's summary of Ontario's 2016 Provincial Budget. If you have any questions please contact policy@mfoa.on.ca
The Ministry of Finance is undergoing consultations to develop a methodology for the assessment of landfills in Ontario. MFOA, in partnership with AMO, have submitted a response to these consultations.
MFOA will be submitting two reports to the Ministry of Municipal Affairs and Housing (MMAH) as part of the Municipal Legislation Review. UPDATE: Now includes documents on prudent investor status for the One Investment Program.
MFOA has submitted its Bill 73 - Smart Growth for Our Communities Act response to the Standing Committee on Social Policy.
Consultation Paper 3 highlights many of the principles that will be set out in a future statement of principles for a revised framework and reporting model, and ask for input on them and a proposed reporting model that is built on those principles.
MFOA’s position to the Moving Ontario Forward: Outside the GTHA consultation process is based on previously articulated support for asset management planning and also includes recommendations for improving application-based funding programs.
MFOA has submitted its Bill 73 - Smart Growth for Our Communities Act response to the Standing Committee on Social Policy.
The budget stresses a number of themes, some of them present in previous budgets, such as tax reduction measures, lower taxes for businesses, steady economic growth, and financial stewardship.
Proposed amendments to the Development Charges Act, 1997 and Planning Act, 1990, is detailed in Bill 73, Smart Growth for Our Communities Act, 2015, which has received its first reading on March 5, 2015.
Deflator tables taking into account this past year's inflation are now ready. The tables will allow you to approximate costs when accounting for your older capital assets.
Major changes to the CDS fee schedule are expected to come into effect in 2015, which will significantly increase the costs to municipalities issuing debentures. MFOA has sent two letters to CDS requesting a meeting to discuss some of the identified