News - Ministry of Finance

1. Ontario Continues To Reduce Residual Stranded Debt

   Ontario ratepayers are closer to eliminating the residual stranded debt associated with the Debt Retirement Charge (DRC) that appears on monthly electricity bills. 

   May 15, 2012 10:05 AM | Ministry of Finance
2. Consultations On Public Sector Pension Plans Begin

   Ontario begins consultations on a new legislative framework for jointly sponsored public sector pension plans.

   April 25, 2012 11:00 AM | Ministry of Finance
3. Strong Action To Reduce Deficit Further

   The Ontario government has updated its fiscal plan, showing further reductions to the Province's deficit. If passed, all revenue from the tax on Ontario's highest income earners would be used to eliminate the deficit even faster.

   April 25, 2012 9:30 AM | Ministry of Finance
4. 
   Strong Action for Ontario
   The 2012 Ontario Budget includes a deficit elimination plan that reduces program spending growth and contains costs by $17.7 billion over the next three years, while increasing revenues by $4.4 billion without raising taxes.
   March 27, 2012 4:03 PM | Ministry of Finance
5. 2011 Ontario Public Sector Salaries Disclosed

   In keeping with the government's commitment to accountability and transparency, the salaries and taxable benefits of Ontario Public Service (OPS) and broader public sector (BPS) employees who were paid $100,000 or more in 2011 were released today.

   March 23, 2012 10:30 AM | Ministry of Finance
6. Students Participate In Pre-Budget Consultations

   Ontario has included future voters in this year's pre-budget process through the 2012 Ontario Student Budget Consultations - the first initiative of its kind in Canada. 

   March 13, 2012 3:25 PM | Ministry of Finance
7. OLG to Modernize Gaming

   The Ontario government has received a report from the Ontario Lottery and Gaming Corporation (OLG) that proposes modernization of the system, an increase in its revenues by more than $1 billion a year, and the creation of 2,300 net new jobs in the gaming industry and nearly 4,000 additional jobs in the hospitality and retail sectors by 2017-18.

   March 12, 2012 10:45 AM | Ministry of Finance
8. 
   Ontario Receives Report From Drummond Commission
   The McGuinty government today received the report of the Commission on the Reform of Ontario's Public Services.
   February 15, 2012 2:15 PM | Ministry of Finance
9. Ontario Takes Action to Eliminate Deficit

   The Ontario government is moving forward with a responsible plan to eliminate the deficit so that more jobs are created and the economy continues to grow.

   February 13, 2012 12:15 PM | Ministry of Finance
10. Focus On Economy And Job Creation Continues

    The McGuinty government continues to focus on strengthening Ontario's economy and creating jobs by announcing the addition of five new members to the Ontario Economic Advisory Panel.

    February 1, 2012 4:00 PM | Ministry of Finance
11. Over $1.8 Million In Fines For Tax Evasion

    On December 6, 2011 in Mississauga, Alexandre Ber and Mahadai (Sunita) Mohabir received fines totalling $1,821,223 related to 22 charges for tax evasion.

    January 31, 2012 2:00 PM | Ministry of Finance
12. Ontario Economy Growing And Creating Jobs

    The McGuinty government remains focused on jobs and the economy.  Despite uncertainty around the world, Ontario's real Gross Domestic Product (GDP) rose 0.7 per cent (2.7 per cent annualized) in the third quarter (July to September 2011).

    January 16, 2012 1:30 PM | Ministry of Finance
13. Ontario Focused on Jobs

    Ontario is creating the right climate for businesses to grow and create quality jobs, with 121,300 net new jobs created in the province in 2011.

    January 6, 2012 3:10 PM | Ministry of Finance
14. Improving Property Tax System For Green Energy

    Ontario is supporting property owners who install renewable energy technologies by improving property tax assessment policies for them. 

    January 4, 2012 10:00 AM | Ministry of Finance
15. Finance Minister Duncan Statement On Supreme Court Ruling

    TORONTO - The Ontario government is reviewing the Supreme Court of Canada's decision carefully to assess its full implications for Ontario.

    December 22, 2011 11:30 AM | Ministry of Finance