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Ministry of Finance (Ontario)

{{Use mdy dates|date=April 2012}}

{{refimprove|date=January 2025}}

{{Infobox government agency

| agency_name = Ministry of Finance

| type = Government ministry

| nativename = {{native name|fr|Ministère des finances}}

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| formed = 1867

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| jurisdiction = Government of Ontario

| headquarters = 95 Grosvenor St
Toronto, Ontario, Canada

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| minister1_name = Peter Bethlenfalvy

| minister1_pfo = Minister of Finance

| minister2_name = Will Bouma

| minister2_pfo = Parliamentary Assistant to the Minister of Finance

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| website = {{URL|https://www.ontario.ca/page/ministry-finance}}

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The Ministry of Finance ({{Langx|fr|Ministère des Finances}}) is a ministry of the Government of Ontario responsible for managing the province's fiscal policy, developing the provincial budget, and financial sector regulation. The minister of finance – called the treasurer before 1993 – leads the ministry and is responsible to the Legislative Assembly of Ontario.

History

For most of the period from 1867 until 1993, the minister was called the treasurer or provincial treasurer.{{Cite web |title=TVO Today {{!}} Current Affairs Journalism, Documentaries and Podcasts |url=https://www.tvo.org/article/here-comes-the-budget |access-date=2022-12-31 |website=www.tvo.org}}

The ministry were renamed the Ministry of Economics in 1956 and the minister became known as Minister in charge of Economics instead of treasurer. From January to December 1961, the ministry became the Ministry of Economics and Federal and Provincial Relations. The title of treasurer was revived in December 1961 with the minister also often holding the secondary title of minister of economics or some variation after 1968. Frank Miller had the sole title of minister of economics from 1978 until 1981 when he was given the additional title of treasurer. At various times in the 1960s and 1970s the minister also held the titles of chairman of the management board of cabinet, chairman of the treasury board and/or minister of revenue. This practice was revived in recent years with Greg Sorbara acting as finance minister and chair of both the management board and the treasury board. It has ended as there is now a different person holding the position of chair of the management and treasury board.

In 1993, the positions of treasurer and minister of economics were formally combined and renamed the minister of finance.

In early 2007, Premier Dalton McGuinty split the province's revenue collection function from the Ministry of Finance and resurrected the Ministry of Revenue,{{cite news|url=http://www.premier.gov.on.ca/news/event.php?ItemID=4312&Lang=EN|title=Michael Chan Becomes Ontario's Minister Of Revenue |publisher=Office of the Premier of Ontario|access-date=February 3, 2011|date=February 21, 2007}}{{Third party inline|date=January 2025}} a portfolio that had not been used since the Ontario New Democratic Party government of Bob Rae in 1993. Following the 2011 Ontario general election, the Ministry of Revenue was merged back into the Ministry of Finance.

List of ministers

class="wikitable" style="width: 91%"

!

! style="width: 65px;"| Portrait

! Name

! colspan=2|Term of office

! Tenure

! Political party
(Ministry)

! style="width: 400px;"| Note

! colspan=4|Treasurer
style="background:{{Canadian party colour|ON|Liberal-Conservative}};"|60pxEdmund Burke Wood{{dts|1867-07-20}}{{dts|1871-12-20}}{{ayd|1867-07-20|1871-12-20}}

! style="background:{{Canadian party colour|ON|Liberal-Conservative}};"|Liberal
Conservative
(MacDonald)

|

style="background:{{Canadian party colour|ON|Liberal}};"|60pxAlexander Mackenzie{{dts|1871-12-20}}{{dts|1872-10-25}}{{ayd|1871-12-20|1872-10-25}}

! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Blake)

|

style="background:{{Canadian party colour|ON|Liberal}};"|60pxAdam Crooks{{dts|1872-10-25}}{{dts|1877-03-19}}{{ayd|1872-10-25|1877-03-19}}

! rowspan=5; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Mowat)

|

style="background:{{Canadian party colour|ON|Liberal}};"|60pxSamuel Wood{{dts|1877-03-19}}{{dts|1883-06-02}}{{ayd|1877-03-19|1883-06-02}}Concurrently Commissioner of Agriculture
style="background:{{Canadian party colour|ON|Liberal}};"|60pxJames Young{{dts|1883-06-02}}{{dts|1883-11-01}}{{ayd|1883-06-02|1883-11-01}}Concurrently Commissioner of Agriculture
style="background:{{Canadian party colour|ON|Liberal}};"|Alexander Ross{{dts|1883-11-02}}{{dts|1890-09-16}}{{ayd|1883-11-02|1890-09-16}}Concurrently Commissioner of Agriculture (November 2, 1883 - May 1, 1888)
rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"|rowspan=2|60pxrowspan=2|Richard Harcourt{{dts|1890-09-16}}{{dts|1896-07-21}}rowspan=2|{{ayd|1890-09-16|1899-10-21}}
{{dts|1896-07-21}}{{dts|1899-10-21}}

! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Hardy)

|

style="background:{{Canadian party colour|ON|Liberal}};"|60pxGeorge William Ross{{dts|1899-10-21}}{{dts|1905-02-08}}{{ayd|1899-10-21|1905-02-08}}

! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Ross)

|While Premier

style="background:{{Canadian party colour|ON|Conservative}};"|Arthur Matheson{{dts|1905-02-08}}{{dts|1913-01-25}}{{ayd|1905-02-08|1913-01-25}}

! rowspan=3; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative
(Whitney)

| Died in office

style="background:{{Canadian party colour|ON|Conservative}};"|???{{dts|1913-01-25}}{{dts|1913-05-13}}{{ayd|1913-01-25|1913-05-13}}

|

rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|rowspan=2|60pxrowspan=2|Isaac Lucas{{dts|1913-05-13}}{{dts|1914-10-02}}rowspan=2|{{ayd|1913-05-13|1914-12-22}}
{{dts|1914-10-02}}{{dts|1914-12-22}}

! rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative
(Hearst)

|

style="background:{{Canadian party colour|ON|Conservative}};"|60pxThomas McGarry{{dts|1914-12-22}}{{dts|1919-11-14}}{{ayd|1914-12-22|1919-11-14}}
style="background:{{Canadian party colour|ON|United Farmers}};"|Peter Smith{{dts|1919-11-14}}{{dts|1923-07-16}}{{ayd|1919-11-14|1923-07-16}}

! style="background:{{Canadian party colour|ON|United Farmers}};"|United Farmers
(Drury)

|

style="background:{{Canadian party colour|ON|Conservative}};"|60pxWilliam Herbert Price{{dts|1923-07-16}}{{dts|1926-10-18}}{{ayd|1923-07-16|1926-10-18}}

! rowspan=3; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative
(Ferguson)

|

style="background:{{Canadian party colour|ON|Conservative}};"|Joseph Monteith{{dts|1926-10-18}}{{dts|1930-09-16}}{{ayd|1926-10-18|1930-09-16}}
rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|rowspan=2| 60pxrowspan=2|Edward Arunah Dunlop{{dts|1930-09-16}}{{dts|1930-12-15}}rowspan=2|{{ayd|1930-09-16|1933-12-31}}
{{dts|1930-12-15}}{{dts|1933-12-31}}

! rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative
(Henry)

|

style="background:{{Canadian party colour|ON|Conservative}};"|60pxGeorge Stewart Henry{{dts|1934-01-12}}{{dts|1934-07-10}}{{ayd|1934-01-12|1934-07-10}}While Premier
rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"|rowspan=2|60pxrowspan=2|Mitchell Hepburn{{dts|1934-07-10}}{{dts|1942-10-21}}rowspan=2|{{ayd|1934-07-10|1943-03-03}}

! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Hepburn)

| While Premier

{{dts|1942-10-21}}{{dts|1943-03-03}}

! rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Conant)

|

rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"|rowspan=2|rowspan=2|Arthur Gordon{{dts|1943-03-03}}{{dts|1943-05-18}}rowspan=2|{{ayd|1943-03-03|1943-08-17}}
{{dts|1943-05-18}}{{dts|1943-08-17}}

! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Nixon)

|

rowspan=3; style="background:{{Canadian party colour|ON|PC}};"|rowspan=3|60pxrowspan=3|Leslie Frost{{dts|1943-08-17}}{{dts|1948-10-19}}rowspan=3|{{ayd|1943-08-17|1955-08-17}}
(first instance)

! style="background:{{Canadian party colour|ON|PC}};"|PC
(Drew)

| Concurrently Minister of Mines

{{dts|1948-10-19}}{{dts|1949-05-04}}

! style="background:{{Canadian party colour|ON|PC}};"|PC
(Kennedy)

| Concurrently Minister of Mines

{{dts|1949-05-04}}{{dts|1955-08-17}}

! rowspan=8; style="background:{{Canadian party colour|ON|PC}};"|PC
(Frost)

| While Premier

style="background:{{Canadian party colour|ON|PC}};"|60pxDana Porter{{dts|1955-08-17}}{{dts|1956-03-28}}rowspan=3|{{ayd|1955-08-17|1958-01-30}}
! colspan=4|Minister in Charge of the Department of Economics
style="background:{{Canadian party colour|ON|PC}};"|60pxDana Porter{{dts|1956-03-28}}{{dts|1958-01-30}}
style="background:{{Canadian party colour|ON|PC}};"|60pxLeslie Frost{{dts|1958-02-03}}{{dts|1958-04-28}}{{ayd|1958-02-03|1958-04-28}}
(second instance)
(12 years, 84 days in total)		While Premier
style="background:{{Canadian party colour|ON|PC}};"|60pxJames Allan{{dts|1958-04-28}}{{dts|1961-01-27}}rowspan=5|{{ayd|1958-04-28|1966-11-24}}Concurrently Minister of Public Works (May 14, 1958 – December 22, 1958)
! colspan=4|Minister of Economics and Federal and Provincial Relations
style="background:{{Canadian party colour|ON|PC}};"|James Allan{{dts|1961-01-27}}{{dts|1961-12-15}}
! colspan=4|Treasurer

! rowspan=5; style="background:{{Canadian party colour|ON|PC}};"| PC
(Robarts)

style="background:{{Canadian party colour|ON|PC}};"|James Allan{{dts|1961-12-15}}{{dts|1966-11-24}}Also Chair of the Treasury Board
style="background:{{Canadian party colour|ON|PC}};"|60pxCharles MacNaughton{{dts|1966-11-24}}{{dts|1968-07-23}}rowspan=3|{{ayd|1966-11-24|1971-03-01}}
(first instance)		Also Chair of the Treasury Board
! colspan=4|Treasurer and Minister of Economics
style="background:{{Canadian party colour|ON|PC}};"|60pxCharles MacNaughton{{dts|1968-07-23}}{{dts|1971-03-01}}Also Chair of the Treasury Board
style="background:{{Canadian party colour|ON|PC}};"|Darcy McKeough{{dts|1971-03-01}}{{dts|1972-04-07}}rowspan=3|{{ayd|1971-03-01|1972-09-07}}
(first instance)

! rowspan=10; style="background:{{Canadian party colour|ON|PC}};"| PC
(Davis)

|Also Chair of the Treasury Board

! colspan=4|Treasurer and Minister of Economics and Intergovernmental Affairs
style="background:{{Canadian party colour|ON|PC}};"|Darcy McKeough{{dts|1972-04-10}}{{dts|1972-09-07}}
style="background:{{Canadian party colour|ON|PC}};"|60pxCharles MacNaughton{{dts|1972-09-07}}{{dts|1973-03-15}}{{ayd|1972-09-07|1973-01-15}}
(second instance)
(4 years, 286 days in total)
style="background:{{Canadian party colour|ON|PC}};"|John White{{dts|1973-01-15}}{{dts|1975-06-18}}{{ayd|1973-01-15|1975-06-18}}
style="background:{{Canadian party colour|ON|PC}};"|Darcy McKeough{{dts|1975-06-18}}{{dts|1978-08-16}}{{ayd|1975-06-18|1978-08-16}}
(second instance)
(4 years, 249 days in total)
style="background:{{Canadian party colour|ON|PC}};"|Frank Miller{{dts|1978-08-16}}{{dts|1979-08-30}}rowspan=3|{{ayd|1978-08-16|1983-07-01}}
! colspan=4|Treasurer and Minister of Economics
style="background:{{Canadian party colour|ON|PC}};"|Frank Miller{{dts|1979-08-30}}{{dts|1983-07-01}}
style="background:{{Canadian party colour|ON|PC}};"|Larry Grossman{{dts|1983-07-06}}{{dts|1985-02-08}}rowspan=3|{{ayd|1983-07-06|1985-05-01}}
! colspan=4|Treasurer

! rowspan=3; style="background:{{Canadian party colour|ON|PC}};"| PC
(Miller)

style="background:{{Canadian party colour|ON|PC}};"|Larry Grossman{{dts|1985-02-08}}{{dts|1985-05-01}}
style="background:{{Canadian party colour|ON|PC}};"|Bette Stephenson{{dts|1985-05-17}}{{dts|1985-06-26}}{{ayd|1985-05-17|1985-06-26}}While Deputy Premier
! colspan=4|Treasurer and Minister of Economics! rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Peterson)
style="background:{{Canadian party colour|ON|Liberal}};"|60pxRobert Nixon{{dts|1985-06-26}}{{dts|1990-10-01}}{{ayd|1985-06-26|1990-10-01}}

| Concurrently Minister of Revenue (June 26, 1985 – September 29, 1987)
Interim Chair of Management Board of Cabinet (June 17, 1986 – September 29, 1987)
Minister of Financial Institutions (September 29, 1987 – August 16, 1988)

style="background:{{Canadian party colour|ON|NDP}};"|Floyd Laughren{{dts|1990-10-01}}{{dts|1993-02-01}}rowspan=3|{{ayd|1990-10-01|1995-06-26}}

! rowspan=3; style="background:{{Canadian party colour|ON|NDP}};"| NDP
(Rae)

|

! colspan=4|Minister of Finance
style="background:{{Canadian party colour|ON|NDP}};"|Floyd Laughren{{dts|1993-02-01}}{{dts|1995-06-26}}
style="background:{{Canadian party colour|ON|PC}};"|Ernie Eves{{dts|1995-06-26}}{{dts|2001-02-08}}{{ayd|1995-06-26|2001-02-08}}

! rowspan=2; style="background:{{Canadian party colour|ON|PC}};"| PC
(Harris)

|While Deputy Premier

style="background:{{Canadian party colour|ON|PC}};"|60pxJim Flaherty{{dts|2001-02-08}}{{dts|2002-04-14}}{{ayd|2001-02-08|2002-04-14}}While Deputy Premier
style="background:{{Canadian party colour|ON|PC}};"|Janet Ecker{{dts|2002-04-15}}{{dts|2003-10-22}}{{ayd|2002-04-15|2003-10-22}}

! style="background:{{Canadian party colour|ON|PC}};"| PC
(Eves)

|

style="background:{{Canadian party colour|ON|Liberal}};"|Greg Sorbara{{dts|2003-10-23}}{{dts|2005-10-11}}{{ayd|2003-10-23|2005-10-11}}
(first instance)

! rowspan=4; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(McGuinty)

|Concurrently Chair of Management Board of Cabinet

style="background:{{Canadian party colour|ON|Liberal}};"|Dwight Duncan{{dts|2005-10-11}}{{dts|2006-05-23}}{{ayd|2005-10-11|2006-05-23}}
(first instance)

|Concurrently Chair of Management Board of Cabinet

style="background:{{Canadian party colour|ON|Liberal}};"|Greg Sorbara{{dts|2006-05-23}}{{dts|2007-10-30}}{{ayd|2006-05-23|2007-10-30}}
(second instance)
(3 years, 148 days in total)

|Interim minister;
Concurrently Chair of Management Board of Cabinet

style="background:{{Canadian party colour|ON|Liberal}};"|Dwight Duncan{{dts|2007-10-30}}{{dts|2013-02-11}}{{ayd|2007-10-30|2013-02-11}}
(second instance)
(5 years, 328 days in total)		Concurrently Chair of Management Board of Cabinet;
Concurrently Minister of Revenue (September 18, 2008 – June 24, 2009);
Concurrently Deputy Premier (October 20, 2011 – February 11, 2013)
Interim Minister of Government Services (November 27, 2012 – February 11, 2013)
style="background:{{Canadian party colour|ON|Liberal}};"|60pxCharles Sousa{{dts|2013-02-11}}{{dts|2018-06-29}}{{ayd|2013-02-11|2018-06-29}}

! rowspan=1; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal
(Wynne)

|Concurrently Chair of Management Board of Cabinet;
Associate Ministers of Finance (Ontario Retirement Pension Plan) are:
Mitzie Hunter (June 24, 2014 – June 13, 2016)
Indira Naidoo-Harris (June 13, 2016 – August 24, 2016)

style="background:{{Canadian party colour|ON|PC}};"|60pxVic Fedeli{{dts|2018-06-29}}{{dts|2019-06-20}}{{ayd|2018-06-29|2019-06-20}}

! rowspan=3; style="background:{{Canadian party colour|ON|PC}};"|PC
(Ford)

| While Chair of Cabinet

style="background:{{Canadian party colour|ON|PC}};"|60pxRod Phillips{{dts|2019-06-20}}{{dts|2020-12-31}}{{ayd|2019-06-20|2020-12-31}}

|

style="background:{{Canadian party colour|ON|PC}};"|60pxPeter Bethlenfalvy{{dts|2020-12-31}}present{{ayd|2020-12-31
}

|

|}

References

{{Reflist}}

External links

  • {{Official website|https://www.ontario.ca/page/ministry-finance}}

{{ONGovDept}}

{{Authority control}}

Category:1867 establishments in Ontario

Ontario, Finance

Finance

Category:Oshawa

Ontario