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Ministry of Finance (Ontario)

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Ministry of Finance (Ontario)
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{{Use mdy dates|date=April 2012}}







factoids
| nativename_a = | nativename_r = | logo = | logo_width = | logo_caption = | seal = | seal_width = | seal_caption = | picture = | picture_width = | picture_caption = | formed = 1867| preceding1 = | preceding2 = | dissolved = | superseding = | jurisdiction = Government of Ontario| headquarters = 33 King Street West Oshawa, Ontario, Canada4349.8127853.675type:landmark|display=inline}}| motto = | employees = | budget = | minister1_name = Peter Bethlenfalvy| minister1_pfo = Minister of Finance| minister2_name = Will Bouma| minister2_pfo = Parliamentary Assistant to the Minister of Finance| deputyminister1_name = | deputyminister1_pfo = | deputyminister2_name = | deputyminister2_pfo = | chief1_name = | chief1_position = | chief2_name = | chief2_position = | chief3_name = | chief3_position = | chief4_name = | chief4_position = | chief5_name = | chief5_position = | chief6_name = | agency_type = | chief6_position = | chief7_name = | chief7_position = | chief8_name = | chief8_position = | chief9_name = | chief9_position = | parent_department = | parent_agency = | child1_agency = | child2_agency = | keydocument1 = www.fin.gov.on.ca}}| footnotes = | map = | map_width = | map_caption = }}The Ministry of Finance 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.WEB, 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,NEWS,weblink Michael Chan Becomes Ontario's Minister Of Revenue, Office of the Premier of Ontario, February 3, 2011, February 21, 2007, 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|| || || (File:Edmund_Burke_Wood.jpgEdmund Burke Wood>1867-07-20}}{{dts1867-07-20|1871-12-20}}! style="background:{{Canadian party colour|ON|Liberal-Conservative}};"|LiberalConservative(MacDonald)| (File:Alexander_McKenzie3.jpgAlexander Mackenzie (politician)>Alexander Mackenzie{{dts1872-10-25}}{{ayd1872-10-25}}! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Blake)| (File:AdamCrooks23.jpgAdam Crooks (politician)>Adam Crooks{{dts1877-03-19}}{{ayd1877-03-19}}! rowspan=5; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Mowat)| (File:SamuelCaseyWood23.jpgSamuel Wood (Ontario politician)>Samuel Wood{{dts1883-06-02}}{{ayd1883-06-02}}Concurrently Commissioner of Agriculture (File:JamesYoung23.jpgJames Young (Canadian politician)>James Young{{dts1883-11-01}}{{ayd1883-11-01}}Concurrently Commissioner of Agriculture '''Alexander Ross (Canadian politician)'''>1883-11-02}}{{dts1883-11-02|Concurrently Commissioner of Agriculture (November 2, 1883 - May 1, 1888) rowspan=260px)rowspan=2Richard Harcourt>1890-09-16}}{{dts{{ayd1899-10-21}}1896-07-21}}{{dts|1899-10-21}}! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Hardy)| (File:Honourable_GW_Ross,_Prime_Minister_for_Ontario_(HS85-10-12129).jpgGeorge William Ross>1899-10-21}}{{dts1899-10-21|1905-02-08}}! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Ross)Premier of Ontario>Premier Arthur Matheson{{dts1913-01-25}}{{ayd1913-01-25}}! rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative(Whitney)| rowspan=260px)rowspan=2Isaac Benson Lucas>Isaac Lucas{{dts1914-10-02}}rowspan=21913-05-13|1914-10-02}}{{dts|1914-12-22}}! rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative(Hearst)| (File:Thomas_McGarry.jpgThomas McGarry>1914-12-22}}{{dts1914-12-22| '''Peter Smith (Canadian politician)'''>1919-11-14}}{{dts1919-11-14|1923-04-16}}! style="background:{{Canadian party colour|ON|United Farmers}};"|United Farmers(Drury)| William Herbert Price{{dts1926-10-18}}{{ayd1926-10-18}}! rowspan=3; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative(Ferguson)| Joseph Monteith{{dts1930-09-16}}{{ayd1930-09-16}} rowspan=2Edward Arunah Dunlop{{dts1930-12-15}}rowspan=21930-09-16|1930-12-15}}{{dts|1933-12-31}}! rowspan=2; style="background:{{Canadian party colour|ON|Conservative}};"|Conservative(Henry)| (File:George_Stewart_Henry.jpgGeorge Stewart Henry>1934-01-12}}{{dts1934-01-12|While Premier rowspan=260px)rowspan=2Mitchell Hepburn>1934-07-10}}{{dts{{ayd1943-03-03}}! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Hepburn)| While Premier1942-10-21}}{{dts|1943-03-03}}! rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Conant)| rowspan=2'''Arthur Gordon (politician)'''>1943-03-03}}{{dts{{ayd1943-08-17}}1943-05-18}}{{dts|1943-08-17}}! style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Nixon)| rowspan=360px)rowspan=3Leslie Frost>1943-08-17}}{{dts{{ayd1955-08-17}}(first instance)! style="background:{{Canadian party colour|ON|PC}};"|PC(Drew)Ministry of Northern Development and Mines>Minister of Mines1948-10-19}}{{dts|1949-05-04}}! style="background:{{Canadian party colour|ON|PC}};"|PC(Kennedy)| Concurrently Minister of Mines1949-05-04}}{{dts|1955-08-17}}! rowspan=8; style="background:{{Canadian party colour|ON|PC}};"|PC(Frost)| While Premier (File:Dana_Porter.JPGDana Porter>1955-08-17}}{{dts{{ayd1958-01-30}}|! colspan=4|Minister in Charge of the Department of Economics || (File:Dana_Porter.JPGDana Porter>1956-03-28}}{{dts| (File:Leslie_Frost_Premier_of_Ontario.jpgLeslie Frost>1958-02-03}}{{dts1958-02-03|While Premier '''James Allan (Canadian politician)'''>1958-04-28}}{{dts{{ayd1966-11-24}}Concurrently Minister of Public Works (May 14, 1958 – December 22, 1958)|! colspan=4|Minister of Economics and Federal and Provincial Relations || '''James Allan (Canadian politician)'''>1961-01-27}}{{dts||! colspan=4|Treasurer! rowspan=5; style="background:{{Canadian party colour|ON|PC}};"| PC(Robarts)|| '''James Allan (Canadian politician)'''>1961-12-15}}{{dtsTreasury Board Secretariat (Ontario)>Chair of the Treasury Board Charles MacNaughton{{dts1968-07-23}}rowspan=31966-11-24|Also Chair of the Treasury Board |! colspan=4|Treasurer and Minister of Economics|| Charles MacNaughton{{dts1971-03-01}}Also Chair of the Treasury Board Darcy McKeough{{dts1972-04-07}}rowspan=31971-03-01|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|| Darcy McKeough{{dts1972-09-07}} Charles MacNaughton{{dts1973-03-15}}{{ayd1973-03-15}}(second instance)(4 years, 286 days in total) '''John White (Ontario politician)'''>1973-01-15}}{{dts1973-01-15| Darcy McKeough{{dts1978-08-16}}{{ayd1978-08-16}}(second instance)(4 years, 249 days in total) '''Frank Miller (politician)'''>1978-08-16}}{{dts{{ayd1983-07-01}}|! colspan=4|Treasurer and Minister of Economics|| '''Frank Miller (politician)'''>1979-08-30}}{{dts| '''Larry Grossman (politician)'''>1983-07-06}}{{dts{{ayd1985-05-01}}|! colspan=4|Treasurer! rowspan=3; style="background:{{Canadian party colour|ON|PC}};"| PC(Miller)|| '''Larry Grossman (politician)'''>1985-02-08}}{{dts| Bette Stephenson{{dts1985-06-26}}{{ayd1985-06-26}}While Deputy Premier|! colspan=4|Treasurer and Minister of Economics||! rowspan=2; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Peterson)|| (File:Robert_Nixon-c1971.jpgRobert Nixon (politician)>Robert Nixon{{dts1990-10-01}}{{ayd1990-10-01}}Ministry of Revenue (Ontario)>Minister of Revenue (June 26, 1985 – September 29, 1987), Interim Chair of Management Board of Cabinet (June 17, 1986 – September 29, 1987), and Minister of Financial Institutions (September 29, 1987 – August 16, 1988) Floyd Laughren{{dts1993-02-01}}rowspan=31990-10-01|1995-06-26}}! rowspan=3; style="background:{{Canadian party colour|ON|NDP}};"| NDP(Rae)||! colspan=4|Minister of Finance|| Floyd Laughren{{dts1995-06-26}} Ernie Eves{{dts2001-02-08}}{{ayd2001-02-08}}! rowspan=2; style="background:{{Canadian party colour|ON|PC}};"| PC(Harris)|While Deputy Premier (File:Jim_Flaherty_2007.JPGJim Flaherty>2001-02-08}}{{dts2001-02-08|While Deputy Premier Janet Ecker{{dts2003-10-22}}{{ayd2003-10-22}}! style="background:{{Canadian party colour|ON|PC}};"| PC(Eves)||! colspan=4|Minister of Finance and Chair of the Management Board of Cabinet||! rowspan=5; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(McGuinty)|| Greg Sorbara{{dts2005-10-11}}{{ayd2005-10-11}}(first instance) Dwight Duncan{{dts2006-05-23}}{{ayd2006-05-23}}(first instance)Interim minister Greg Sorbara{{dts2007-10-30}}{{ayd2007-10-30}}(second instance)(3 years, 148 days in total) Dwight Duncan{{dts2013-02-11}}{{ayd2013-02-11}}(second instance)(5 years, 328 days in total)Concurrently Minister of Revenue (September 18, 2008 – June 24, 2009), Deputy Premier (October 20, 2011 – February 11, 2013), Interim Minister of Government Services (November 27, 2012 – February 11, 2013) Charles Sousa{{dts2014-06-24}}rowspan=32013-02-11|2018-06-29}}! rowspan=3; style="background:{{Canadian party colour|ON|Liberal}};"| Liberal(Wynne)||! colspan=4|Minister of Finance|| Charles Sousa{{dts2018-06-29}}The following served as Associate Minister of Finance (Ontario Retirement Pension Plan)Mitzie Hunter (June 24, 2014 – June 13, 2016)Indira Naidoo-Harris (June 13, 2016 – August 24, 2016) (File:Vic_Fedeli.pngVic Fedeli>2018-06-29}}{{dts2018-06-29|2019-06-20}}! rowspan=3; style="background:{{Canadian party colour|ON|PC}};"|PC(Ford)Chair of Cabinet (Ontario)>Chair of Cabinet (File:Rod Phillips Q1 Update.jpgRod Phillips (politician)>Rod Phillips{{dts2020-12-31}}{{ayd2020-12-31}}| Peter Bethlenfalvy{{dts2020-12-31|}}|

References

{{Reflist}}

External links

{{ONGovDept}}{{Authority control}}

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