Ontario Ministry of Finance

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Government of Ontario News - Finance: News
Updated: 19 hours 58 sec ago

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: 

Ontario Launches Consultations on Alcohol Choice and Convenience

Thu, 12/13/2018 - 14:30

Ontario's Government for the People is inviting consumers and businesses to share their views on how beverage alcohol choice and convenience can be increased in the province. 

Ontario Renews Calls to Scrap the Federal Carbon Tax

Mon, 12/10/2018 - 16:30
Ottawa - Building on Premier Ford's leadership, today at the meeting of federal, provincial and territorial Finance Ministers, Vic Fedeli renewed Ontario's call to scrap the federal carbon tax. Minister Fedeli made it clear that this tax, along with the enhancement to the Canada Pension Plan, will make Canada a less attractive place to do business.

Statement from the Finance Minister on Upcoming Federal-Provincial-Territorial Finance Ministers' Meeting

Sun, 12/09/2018 - 18:15
Vic Fedeli, Minister of Finance, has released the following statement:

Ontario Seeking Ideas from the People for the 2019 Budget

Fri, 12/07/2018 - 12:00
The Government for the People wants to hear directly from the people of Ontario about how they can cut red tape, improve government programs and services, and save taxpayers' money in the 2019 Ontario Budget.

Premier Ford's Leadership Results in Tax Relief for Manufacturers

Wed, 11/21/2018 - 19:45
Premier Doug Ford's leadership to restore business competitiveness in Ontario has led to measures announced in today's federal 2018 Fall Economic Statement.

A plan for the people

Thu, 11/15/2018 - 13:38
After 15 years of the previous government's mismanagement, Ontario's Government for the People has kept its promises, and continues to take action to restore trust, transparency and accountability in Ontario's finances, while making life more affordable for individuals, families and businesses.

Statement from the Finance Minister on the Passage of the Cannabis Statute Law Amendment Act, 2018

Wed, 10/17/2018 - 21:40
Today, the Honourable Vic Fedeli, Finance Minister, made the following statement on the passage of the Cannabis Statute Law Amendment Act, 2018:

Ford Government Keeps Commitment to Support Horse Racing

Fri, 10/12/2018 - 18:00

TORONTO — The Government for the People has kept a commitment to bolster support for Ontario's horse racing industry.

Ontario Releases 2017-18 Public Accounts and Findings of the Independent Financial Commission of Inquiry

Fri, 09/21/2018 - 09:30
TORONTO - Today, Ontario Minister of Finance Vic Fedeli and President of the Treasury Board Peter Bethlenfalvy released the 2017-2018 Public Accounts along with the full report of Ontario's Independent Financial Commission of Inquiry.

Statement on the Ontario Securities Commission's Proposal Regarding the Mutual Funds Industry

Thu, 09/13/2018 - 11:00
TORONTO, SEPTEMBER 13, 2018 - The Honourable Vic Fedeli, Ontario Minister of Finance, today issued the following statement regarding the Canadian Securities Administrators' (CSA) and the Ontario Securities Commission's (OSC) Proposed Amendments to National Instrument 81-105 Mutual Fund Sales Practices (Embedded Commissions). 

Statement by the Minister of Finance Vic Fedeli on the Delivery of the Report by the Independent Financial Commission of Inquiry

Thu, 08/30/2018 - 18:00
Today the Minister of Finance, the Honourable Vic Fedeli, issued the following statement:

Ontario Announces Cannabis Retail Model

Mon, 08/13/2018 - 17:10
TORONTO — Following the federal legalization of cannabis on October 17, Ontario will immediately introduce an online retail channel for cannabis, to be followed by a private retail model by April 1, 2019.

Statement by the Minister of Finance Vic Fedeli on the leadership of the LCBO

Fri, 08/10/2018 - 18:00
Today the Minister of Finance, the Honourable Vic Fedeli, issued the following statement on Edmund Clark, Chair of the Liquor Control Board of Ontario:

Buy Ontario Savings Bonds Until June 21

Fri, 06/01/2018 - 11:00
Ontario Savings Bonds are now on sale until June 21, 2018 — a safe, secure and flexible investment.

Ontario Passes Budget Focused on Care and Opportunity

Tue, 05/08/2018 - 13:10
Today the Ontario government passed the Plan for Care and Opportunity Act (Budget Measures), 2018, which supports the government's plan to invest in health care, child care, home care and mental health, and focuses on initiatives that make life more affordable and provide more financial security during a time of rapid economic change.

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