Bad books: How Ontario’s new hydro accounting could cost taxpayers billions
As Ontarians head to the polls in June, voters have to make sense of two competing versions of their province’s bottom line: The Auditor-General’s and the Kathleen Wynne government’s. Matthew McClearn investigates how creative accounting in hydro revenue made their math so different
How Ontario made billions in debt disappear 2:10
The Ontario government’s Fair Hydro Plan reduced Ontarian’s electricity bills by about 25%. But the government’s books don’t reflect the costs. The Auditor-General of Ontario says the government used “bogus” accounting to hide the debt from their books. Here’s how.