Ontario Ministry of Finance

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Government of Ontario News - Finance: News
Updated: 1 day 20 min ago

New Membership at Investment Management Corporation of Ontario

Thu, 06/20/2019 - 17:15

TORONTO — Three new board members were appointed to the board of the Investment Management Corporation of Ontario (IMCO) today. 

Ontario Promotes its Open for Business, Open for Jobs Approach to Investors in Europe

Mon, 06/17/2019 - 16:00

TORONTO — Vic Fedeli, Minister of Finance, has completed a successful week-long investor relations tour of the U.K., France and Germany, during which the messages of Ontario's commitment to fiscal responsibility and being open for business and open for jobs were heard loud and clear by international investors and CEOs. 

Ontario Launches New, Modern Financial Services Regulator

Fri, 06/07/2019 - 17:00
TORONTO — The Ontario Government is making Ontario open for business, open for jobs, and cutting red tape with the launch of a new independent and self-funded regulator of financial services and pensions.

Beverage Alcohol to be Sold in Hundreds of Additional Stores Across Ontario

Thu, 06/06/2019 - 14:30

NORTH YORK - The government of Ontario is putting people first and improving choice and convenience for consumers by expanding sales of beverage alcohol to nearly 300 new retail outlets across Ontario - many opening this summer, Vic Fedeli, Minister of Finance, announced today. These stores will provide new economic opportunities for businesses across the province, while offering local craft brewers and wineries with greater reach and visibility.  

Fitch Rating Statement: Vic Fedeli, Minister of Finance

Wed, 05/29/2019 - 21:10
"Today, the Fitch rating agency announced that they are moving the province from Negative watch to Stable and going to maintain our rating at AA-.

Ontario Passes Budget That Protects What Matters Most

Wed, 05/29/2019 - 13:06

TORONTO — Ontario's Government for the People has taken important steps in providing relief for families and businesses while charting a path to a balanced budget and protecting critical public services such as health care and education — without introducing any new taxes.

Ontario to Deliver True Choice, Convenience and Fairness for Beer and Wine Consumers

Mon, 05/27/2019 - 15:30

Today, Vic Fedeli, Minister of Finance, announced the Government of Ontario is putting people first and moving forward to fulfill its commitment to increase choice, convenience and fairness for alcohol consumers.

Report from Ontario's Special Advisor on Beverage Alcohol

Fri, 05/24/2019 - 15:50
QUEEN'S PARK — Today, Ken Hughes, Ontario's Special Advisor for the Beverage Alcohol Review, delivered his report to the Minister of Finance, Vic Fedeli.

Ontario to Provide Estate Tax Relief for Families

Wed, 04/24/2019 - 15:05

Ontario's Government for the People is proposing to provide tax relief to families when they need it most by reducing and simplifying the Estate Administration Tax.  

CARE to Help Ontario Parents Find and Afford the Best Care for Their Kids

Fri, 04/12/2019 - 12:26
With more parents looking for choice in child care, Ontario's Government is helping to protect what matters most by proposing the new Ontario Childcare Access and Relief from Expenses (CARE) tax credit.

2019 Ontario Budget: Ontario's Plan to Protect What Matters Most

Thu, 04/11/2019 - 17:10

In its first Budget, Ontario's Government for the People has introduced a comprehensive and sustainable plan that sets out a five-year path to a balanced budget to protect critical public services such as health care and education. 

Ontario Appoints Special Advisor for Alcohol Review

Thu, 03/21/2019 - 18:15

Ontario's Government for the People has named Ken Hughes to the newly created role of Special Advisor for the Beverage Alcohol Review.

Ontario Invests in Horse Racing to Strengthen Rural Communities

Thu, 03/21/2019 - 10:30

Ontario's Government is putting people first by supporting rural communities through new investments to help the province's horse racing industry create and protect good jobs. 

Statement from the Finance Minister on the 2019 Federal Budget

Tue, 03/19/2019 - 19:15

"Today's federal budget confirms the federal government does not share Ontario's vision for making our province, let alone our country, Open for Business and Open for Jobs, and threatens manufacturing jobs and small businesses in Ontario. This in addition to hurting hard-working families by imposing its job-killing carbon tax.

Ontario to Release 2019 Budget on April 11

Thu, 03/07/2019 - 09:38
As the Government for the People continues to restore trust, transparency and accountability in Ontario's finances, Vic Fedeli, Minister of Finance, announced today that he will deliver the 2019 Ontario Budget on April 11, 2019.

Ontario's Third Quarter Finances Show $1 Billion Reduction in Deficit

Wed, 02/13/2019 - 10:45

Today Vic Fedeli, Minister of Finance, was joined by Peter Bethlenfalvy, President of the Treasury Board, to provide an update on the province's finances. The government released the Ontario 2018-2019 Third Quarter Finances which, for the first time, reveal a $1 billion reduction in the Province's deficit, largely driven by increased economic activity from consumers and businesses. The deficit is now projected to be $13.5 billion in 2018-19.

Ontario Helping With Recreational Cannabis Costs

Wed, 01/23/2019 - 13:00
Ontario's Government for the People is assisting municipalities with the cost of legalizing cannabis and combatting the illegal market by providing a second payment of $15 million by the end of February to help safeguard communities.

Reforming Auto Insurance for the People

Wed, 01/09/2019 - 09:50

The Ontario Government, working for the people, is inviting drivers and consumers to share their views on how to lower the province's auto insurance rates as part of its commitment to making life more affordable.

Ontario Stands Up For Families and Businesses

Tue, 01/01/2019 - 10:00
Ontario's Government for the People is standing up for the families and businesses that will be hurt by the combined impact of the federal government's job-killing carbon tax and the Canada Pension Plan (CPP) enhancement, both of which come into force today. 

Ontario Takes a Phased Approach to Cannabis Retail Licensing Due to National Supply Shortages

Thu, 12/13/2018 - 19:30

Today, the Honourable Caroline Mulroney, Attorney General and the Honourable Vic Fedeli, Minister of Finance, released the following statement on changes being made to the licensing process for recreational retail cannabis stores in Ontario: