Ontario College of Trades (OCOT) in the red last year by $3.5-million
If your business runs at minus 26 per cent profit, you'll be pumping gas pretty soon. But don't expect to see Ontario College of Trades registrar and CEO David Tsubouchi asking to check your oil down at your local ESSO.
By Alec Caldwell
How long will YOUR business last if you continue to spend 26 per cent more money than you take in?
Thought so. You’d be pumping gas for a living pretty fast, wouldn’t you?
Well, over at the Ontario College of Trades (OCOT) Registrar and CEO Dave Tsubouchi won’t be filling up your car or truck any time soon even though his organization reported 2013 revenues of $13,326,192 (the bulk of it being compulsory membership fees from tradespeople and contractors) while still managing to spend $16,796,752.
A shortfall of $3,470,560.
Minus 26 per cent.
Check it out for yourself online (Ontario College of Trades 2013 Annual Report).
Maybe not helping matters was the ten Ontario College of Trades employees who are listed on the Ontario Sunshine List with yearly incomes ranging from $103,000 to $180,000 (Mr. Tsubouchi’s income is the big number there). The OCOT’s total salary tab last year was $8,187,288.
I wonder how many trades earn these kind of dollars?
How can OCOT raise more money to offset their debt? One obvious way they can do this is convert more trades from their extensive target list and make them “compulsory” trades. No different than the recent recommendation to make sprinkler and fire protection installers “compulsory.” It’s like being able to print your own money, isn’t it? I wonder who will be next on their hit list?
The OCOT spin doctors have been working hard to tell the public and the industry how good they are. You will have seen the story about the unlicensed electrician now doing time in jail. You will have seen other stories about how consumers can check the credentials of tradespeople by visiting the OCOT’s website.
Everything is lined up for the OCOT to mandate whole new classes of contractors and tradespeople into their organization.
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