More value for money and performance audits need to be done on education as part ensuring programs are leading to results. Canada continues to be less competitive due to lack integrated strategy when it comes education programs that will meet the jobs of today and tomorrow. Education needs to review its delivery model including its’ cost structure.

1. POST-SECONDARY
EDUCATION - CANADA
P a u l Y o u n g C P A , C G A
J u n e 2 2 , 2 0 1 9

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
Source - http://business.financialpost.com/news/economy/canadas-reliance-on-foreign-financing-grows-as-exports-tumble
• Cost of Education
• Employment Market
• Brain Drain
• Post-Secondary Funding
• Post-Secondary Graduates vs Employment
• Most valuable Degrees and Issues
• Wages/Benefits Costs – Post Secondary Teaching
• Innovation Centers
• Ontario and Tuition
• Blog - Post Secondary Education
• University F/S
• Tuition costs / ranking by province
• What’s needs to be done

4. INTRODUCTION
• More value for money and performance audits need to be done on
education as part ensuring programs are leading to results.
• Canada continues to be less competitive due to lack integrated strategy
when it comes education programs that will meet the jobs of today and
tomorrow.
• Education needs to review its delivery model including its’ cost structure.
4

5. COST OF EDUCATION
5
Policy LPC CPC NDP
RESP (Fed Ratio) 20% 20% to 30% N/A
Tuition Accessibility to
more grants
N/A Costs $6B to $8B

6. EMPLOYMENT MARKET
Source – Stats Canada 6

7. BRAIN DRAIN
• @BardishKW
Do you spend any time with startups? I bet you don’t
• I cannot believe the rhetoric going around about the vibrant IT sector –
• https://www.cbc.ca/news/canada/kitchener-waterloo/prime-minister-trudeau-kitchener-tech-hub-
announcement-
1.5099705?fbclid=IwAR1tGzcvzzdu0ywPk9Qv2XS59At4aMGafy91XAq2xZn_FIq_VQeUAtU4LMw
• Brain Drain - https://www.theglobeandmail.com/business/technology/article-canada-facing-brain-drain-as-young-
tech-talent-leaves-for-silicon/
• Canadian Technology community not happy with small business tax reforms -
https://globalnews.ca/news/3741638/canadian-tech-ottawa-trudeau-small-business-taxes/
• There needs to be better alignment of education with jobs of today and tomorrow -
https://www.slideshare.net/paulyoungcga/skills-gap-education-and-training-canada-march-2019
• Canada continues to see a brain drain - https://thelogic.co/news/silicon-valleys-ties-to-canada-are-growing-despite-
tensions-between-ottawa-and-washington-report-says/
• High cost of living in cities like Toronto and Vancouver could see people moving to cheaper locations -
https://www.newinhomes.com/blog/is-toronto-at-risk-of-a-brain-drain-to-montreal
• Source - https://www.slideshare.net/paulyoungcga/2019-election-issues-technology-sector-canada-
april-2019
7

8. POST
SECONDARY
FUNDING
CANADA
Source - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3710002601 8

9. POST-
SECONDARY
GRADUATES AND
EMPLOYMENT
Source - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3710001201 9

10. TOP 10 VALUABLE DEGREES
Source - https://discover.rbcroyalbank.com/top-ten-most-
valuable-degrees-in-canada/
10
Degree Annual Salary
Civil Engineer $80,080
Nursing $84,510
Specializing Engineering $85,009
Business Administration $85,508
Software Engineering $90,001
Geosciences $100,001
Pharmacology $102,398
Finance $103,376
Petroleum or Chemical
Engineering
$104,000
Business, a.k.a.,
Management Sciences (MS
$110,000 to $115,000
Issues facing Valuable Degrees
• Healthcare spending is under pressure -
https://www.slideshare.net/paulyoungcga/c
anada-healthcare-crisis
• Small business tax reforms is driving out a
brain drain -
https://www.slideshare.net/paulyoungcga/s
mall-business-is-under-attack-by-
government-canada-january-2019
• Canada is becoming less competitive due to
tax and regulations, i.e. C69 -
https://www.slideshare.net/paulyoungcga/
business-competitiveness-canada
• Lack of coherent strategy when it comes to
innovation -
https://www.slideshare.net/paulyoungcga/
why-is-canada-not-keeping-pace-with-
innovation

11. POST-SECONDARY COSTS / TEACHING
Source - https://www.macleans.ca/education/uniandcollege/professor-pay-ranked-from-
highest-to-lowest/ or https://www.quora.com/What-are-the-top-five-operating- 11
Average Salaries

12. POST-SECONDARY INSTITUTION
• There is lack of integrated strategy when it comes incubation centers
• Liberals decided to pick and choose locations for innovation centers
• All colleges and universities should received R&D grants based on per capita funding
model
12
Liberals give the impression that previous govts did nothing and that is wrong!
https://www.slideshare.net/paulyoungcga/federal-goverment-canada-innovation-investment
https://www.slideshare.net/paulyoungcga/why-is-canada-not-keeping-pace-with-innovation
https://globalnews.ca/news/2888159/canada-ranks-15th-on-global-innovation-index-heres-where-we-fall-
behind/
Canada was ranked #15 on innovation in 2015 as compare to 2018 where Canada is now ranked 18th
Trudeau made the statement that Canada was both back and that his government would be different, right?
Canada is struggling to attract FDI due to more regulations and higher taxes -
https://business.financialpost.com/news/economy/foreign-direct-investment-in-canada-plunges-on-oil-exodus-
1
Blog - Innovation

13. ONTARIO FREE TUITION
Source - https://www.thestar.com/news/queenspark/2018/12/05/ontario-auditor-general-
report-finds-wynnes-free-tuition-scheme-far-more-expensive-than-promised.html
13
Source - https://www.canadianmanufacturing.com/human-resources/ontarios-tories-eliminate-free-
tuition-for-low-income-students-225195/

14. BLOG – POST SECONDARY
• https://www.cbc.ca/news/canada/toronto/ontario-colleges-university-
performance-funding-budget-1.5094751
•
• The Ontario govt new approach to funding is the right approach which is
tie it to outcome. Too many schools pushed out graduates with degrees
that have little value. https://www.slideshare.net/paulyoungcga/2019-
and-beyond-career-management or
https://educationnewscanada.com/article/education/category/economy
/96/761451/colleges-applaud-ontario-budget-commitment-to-
modernize-apprenticeship-training.html
•
14

15. TUITION COSTS / PROVINCE
Source - https://www.narcity.com/news/canadas-
average-tuition-costs-were-just-revealed-and-
surprisingly-these-provinces-are-the-cheapest or
https://www.fin.gc.ca/access/fedprov-eng.asp

16. TRENT U F/S
Source – Trent University
16
• Ford cut tuition by 10% -
https://globalnews.ca/news/4856924/ontario-tuition-
cuts/ . Universities and Colleges are running surpluses.
10% cut should have little impact
• Wynne free tuition was not affordable -
https://www.thestar.com/news/queenspark/2018/12/05/
ontario-auditor-general-report-finds-wynnes-free-tuition-
scheme-far-more-expensive-than-promised.html
• Auditor-General said OSAP needs to be re-work -
https://ocufa.on.ca/blog-posts/auditor-generals-claims-
about-osap-inaccurate-and-irresponsible/
• How about fixing the delivery model? The cost of
education should be revisited -
https://www.macleans.ca/education/comparing-the-
average-salaries-of-canadian-professors-in-2018/ or online
courses or other options to bring down the cost of
education
• All colleges and universities should become innovation
centers - https://www.slideshare.net/paulyoungcga/why-
is-canada-not-keeping-pace-with-innovation

17. 2019 – ELECTION
@OPSEUSmokey It never seems to amaze me how little you how you neither
read AG reports nor a govt F/S -
https://www.thestar.com/news/queenspark/2018/12/05/ontario-auditor-
general-report-finds-wynnes-free-tuition-scheme-far-more-expensive-than-
promised.html
https://www.slideshare.net/paulyoungcga/2019-election-postsecondary-
education-canada-june-2019
You keep making inaccurate statements for one reason only that is you own the
press, right?
@fordnation @RossRomanoSSM
17

18. 2019 ELECTION
• @justintrudeau whose FM said people should get used to job churning -
https://www.thespec.com/news-story/6925075-young-canadians-
should-get-used-to-precarious-employment-finance-minister/
• @andrewscheer whose former leader help to create a strong middle
class – (https://www.slideshare.net/paulyoungcga/2019-election-middle-
class-and-cost-of-living-canada-september-2019 (see slide 10)
• https://www.slideshare.net/paulyoungcga/2019-election-skills-
management-career-and-employment-canada-september-2019
•
18

19. WHAT’S
REQUIRED
• There needs to be more alignment of programs
with jobs of today and tomorrow
• All colleges and universities need to undertake
labor reforms
• All colleges and universities need to become
innovation centers
• Scrapping of excessive govt, i.e. college of the
trades
• Revamping the apprenticeship program, i.e.
Germany model
• Reviewing Canadian Social Transfer. PQ is able to
offer low tuition due to how the province receives
funding from the federal government
• Immigration being tied to economic benefits
• Tax and regulation reform. Canada needs to be
attractive to FDI
19