Ontario Ministry of Finance

The Ontario Financing Authority has confirmed that the interest rate for the 2008 Variable-Rate Ontario Savings Bonds will remain at 1.30 per cent until maturity on June 21, 2015. 

Today in Ottawa, Ontario and Quebec Finance Ministers made the case to the federal government that the time is right to make additional investments in public infrastructure to support job creation and economic growth in Canada. 

The province is taking an important step to strengthen its retirement income system and ensure Ontarians are better able to enjoy their retirement years, with the introduction of legislation that would, if passed, help people save for retirement.

Ontario has taken action to increase the number of women in high-ranking positions in the workforce by approving securities law rule amendments that will encourage greater representation of women on corporate boards and in senior management teams.

Ontario has passed the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014, which will help the provincial government continue to fight fraud and abuse, reduce costs and uncertainty in the auto insurance system and protect more than nine million licensed drivers across the province.

Ontario is moving forward with its economic plan to grow the economy and create jobs.  The government is committed to balancing the budget by 2017-18, and will do so in a way that is both fiscally responsible and fair.

Today, Charles Sousa, Minister of Finance, released the following statement on the initial report by the Premier's Advisory Council on Government Assets:

Ontario is beginning a review of the Credit Unions and Caisses Populaires Act, 1994 to help improve the province's economy while safeguarding the financial well-being of Ontarians.

Ontario has successfully launched a green bond program with a bond issue of $500 million, making it the first government in Canada to issue green bonds. 

Today, Charles Sousa, Minister of Finance, released the following statement regarding the Ontario government's Notice of Limited Objection to US Steel Canada's proposal to obtain debtor-in-possession financing for its operations using a loan from its parent company, US Steel:

Ontario's final deficit number for 2013-14 was $10.5 billion -- $1.3 billion lower than projected in the 2013 Budget, and $0.8 billion lower than the interim projection in the 2014 Budget. As announced in today's release of the Public Accounts of Ontario 2013-14, this marks the fifth year in a row that Ontario has beaten its deficit target -- making the province one of the only governments in Canada to achieve this level of success. As a result, Ontario's accumulated deficit is $25 billion lower than it otherwise would have been. 

Ontario is launching a green bond program in the coming weeks, making it the first government in Canada to issue green bonds. 

In the 2013 Budget, the Ontario government committed to engaging with both employer and labour representatives on the sustainability of electricity sector pensions. 

Ontario is moving ahead with a first-of-its-kind mandatory provincial pension plan that would build on the strengths of the Canada Pension Plan (CPP) and support long-term economic growth. 

Today the Ontario Legislature passed the Building Opportunity and Securing Our Future Act (Budget Measures), 2014, which lays out the government's plan to create opportunity and security for today and tomorrow. It will make the necessary investments to move Ontario forward in the new global economy, build new public transit and roads, help ensure a more secure retirement, and eliminate the deficit by 2017-18.

Ontario is moving forward with its plan to help reduce auto insurance rates, by introducing legislation that would, if passed, protect the province's nine million drivers and fight fraud in the auto insurance system.

Ontario is moving forward with its plan to build opportunity and security for today and tomorrow. The 2014 Ontario Budget, tabled today by Minister of Finance Charles Sousa, takes immediate action to create jobs by investing in a highly skilled workforce, building modern infrastructure and transportation networks, and supporting a dynamic and innovative business climate.

<p>With summer underway, Dr. Robin Williams, Ontario's Interim Chief Medical Officer of Health, is reminding people to protect themselves and their families from the sun while enjoying time outdoors.</p>

<p>Ontario is helping Sault Ste. Marie revitalize its downtown core, attract new businesses and residents and create jobs.</p>

<p>The provincial government has asked two former Members of Parliament from Eastern Ontario to work with local communities and stakeholders to explore opportunities for a sustainable path forward for the University of Guelph's Kemptville and Alfred campuses.</p>