Ontario Ministry of Finance

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Finance
Updated: 1 day 11 hours ago

Ontario's Action Plan: Protect, Support, Recover

Thu, 11/05/2020 - 16:05

Today, Finance Minister Rod Phillips released Ontario's Action Plan: Protect, Support, Recover — the next phase of a comprehensive action plan to respond to the serious health and economic impacts of COVID-19. Ontario's Action Plan now sets out a total of $45 billion in support over three years to make available the necessary health resources to continue protecting people, deliver critical programs and tax measures to support individuals, families and job creators impacted by the virus, and lay the groundwork for a robust long-term economic recovery for the province.

2020 Ontario Budget to be Released Tomorrow, November 5, 2020

Wed, 11/04/2020 - 17:00

Rod Phillips, Minister of Finance, will deliver the 2020 Budget in the Ontario Legislature. 

Ontario Provides $500 Million in Funding Allocations to Municipalities

Thu, 10/29/2020 - 20:00

Toronto — The Ontario government is providing municipalities with $500 million through the Ontario Municipal Partnership Fund (OMPF). The province is maintaining the overall structure of the fund, keeping a commitment made at the Association of Municipalities of Ontario annual conference in August 2020. Municipalities are being informed of their specific 2021 funding allocations today, which will provide much needed stability and support.  

Ontario Releases 2020-21 First Quarter Finances

Wed, 08/12/2020 - 12:00

TORONTO — The Ontario government is continuing to support the province's recovery from COVID-19 over the long-term while delivering on its commitment to transparency and accountability with the release of 2020-21 First Quarter Finances and an update to Ontario's Action Plan: Responding to COVID-19. To protect the health and economic well-being of the people of Ontario, the government continues to invest and budget for further contingencies in the fight against the COVID-19 outbreak, including providing support to families, businesses, workers, municipalities, long-term care homes and those on the front-lines of the pandemic. These investments bring the government's COVID-19 response action plan to a projected $30 billion, up from $17 billion announced in Ontario's Action Plan: Responding to COVID-19 on March 25, 2020.

Ontario Provides Update to Ontario's Action Plan: Responding to COVID-19

Wed, 08/12/2020 - 12:00

Since announcing the first steps in the government's response to the global pandemic on March 25, 2020, the government has made additional investments and budgeted for further contingencies in the fight against COVID-19. This includes allocating more support for people, jobs, a safe reopening, and the prevention of - or response to - a second wave. With these investments, the government's COVID-19 response action plan is now a projected $30.0 billion, up from $17 billion announced in Ontario's Action Plan: Responding to COVID-19 on March 25, 2020.

Ontario Releases 2020-21 First Quarter Finances

Wed, 08/12/2020 - 12:00

TORONTO — The Ontario government is continuing to support the province's recovery from COVID-19 over the long-term while delivering on its commitment to transparency and accountability with the release of 2020-21 First Quarter Finances and an update to Ontario's Action Plan: Responding to COVID-19. To protect the health and economic well-being of the people of Ontario, the government continues to invest and budget for further contingencies in the fight against the COVID-19 outbreak, including providing support to families, businesses, workers, municipalities, long-term care homes and those on the front-lines of the pandemic. These investments bring the government's COVID-19 response action plan to a projected $30 billion, up from $17 billion announced in Ontario's Action Plan: Responding to COVID-19 on March 25, 2020.

Minister of Finance to Release Quarterly Fiscal Update

Tue, 08/11/2020 - 19:00

Rod Phillips, Minister of Finance, will release Ontario's 2020-21 First Quarter Finances and provide an update to Ontario's Action Plan: Responding to COVID-19.

Support for Small Business Tenants and Landlords Extended

Fri, 07/31/2020 - 17:30

TORONTO — Today, the Ontario government, in partnership with the federal government, extended the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses by one month to help eligible small business pay rent for August. To find out how much rent support you may be eligible for, visit Ontario.ca/rentassistance.

Support for Small Business Tenants and Landlords Extended

Fri, 07/31/2020 - 17:30

TORONTO — Today, the Ontario government, in partnership with the federal government, extended the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses by one month to help eligible small business pay rent for August. To find out how much rent support you may be eligible for, visit Ontario.ca/rentassistance.

Nine Convictions in March for Violating Tobacco Tax Act

Fri, 07/17/2020 - 16:00

The following individuals were convicted of offences under the Tobacco Tax Act:

Eight Convictions in February for Violating Tobacco Tax Act

Fri, 07/17/2020 - 16:00

The following individuals were convicted of offences under the Tobacco Tax Act:

Province Seizes Over 2.6 Million Cigarettes in Joint Operation

Fri, 07/17/2020 - 16:00

Description of Seizures: On February 19 and 21, 2020, Ministry of Finance investigators participated in a joint operation with the Ontario Provincial Police and local police. The ministry seized 2,641,600 unmarked cigarettes. Twelve people were charged under the Tobacco Tax Act.

Province Seizes Over 2.4 Million Cigarettes and 60 Kilograms of Waterpipe Tobacco in Joint Operation

Fri, 07/10/2020 - 16:00
Description of Seizures: On January 28 and 31, 2020, Ministry of Finance investigators participated in an operation with the Ontario Provincial Police. The ministry seized 2,402,000 unmarked cigarettes and 60 kilograms of waterpipe tobacco. Seven people were charged under the Tobacco Tax Act.

Province Seizes Cigarettes, Cigars and Other Tobacco in Joint Operation

Fri, 07/10/2020 - 16:00

Description of Seizures:  On January 24 and 25, 2020, Ministry of Finance investigators participated in an operation with the Ontario Provincial Police. The ministry seized 846,680 unmarked cigarettes, 290 cigars and 13,446 grams of other tobacco. Twelve people were charged with offences under the Tobacco Tax Act.

Eight Convictions in January for Violating Tobacco Tax Act

Fri, 07/10/2020 - 16:00

The following individuals were convicted of offences under the Tobacco Tax Act:

Ontario Seeking Input on Modernizing Capital Markets

Thu, 07/09/2020 - 15:00

TORONTO — The Ontario government is continuing to seek advice and input from people and organizations on modernizing Ontario's Capital Markets and supporting economic growth and job creation with the posting of the Capital Markets Modernization Taskforce initial consultation report.

Ontario Supports Ontario's Beverage Alcohol Sector During COVID-19

Wed, 06/17/2020 - 17:00

TORONTO — The Ontario government is encouraging consumers to mark Ontario Craft Beer Week and Ontario Wine Week by supporting local beverage alcohol producers as the province takes additional steps to help the sector recover from the impacts of COVID-19.

Support for Small Business Tenants and Landlords Now Available

Fri, 05/29/2020 - 10:30

TORONTO — All commercial landlords in Ontario can now apply for rental assistance to help their small business tenants impacted by the COVID-19 pandemic. This initiative will keep more small businesses in operation and more people employed as the province gradually and safely restarts the economy.

Ontario Enables Auto Insurance Companies to Provide Driver Rebates During COVID-19

Thu, 04/16/2020 - 16:00
TORONTO — The Ontario government is enabling auto insurance companies to provide temporary insurance premium rebates to drivers during the COVID-19 pandemic. The province has amended a regulation under the Insurance Act to help ease the financial pressure on working people and families during this public health crisis.

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