Order in Council 1444/2023

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

1. Pursuant to subsections 7(2) and (3) of the Financial Administration Act, the Minister of Finance is authorized to credit from the Consolidated Revenue Fund (the “CRF”) in the manner specified in paragraphs 2 and 3 to the Deputy Minister Supplementary Benefit Account.
2. Interest on the net monthly increases to the said account computed on the contributions to and outgoings from the said account in respect of the months in each fiscal year that commenced during the period of April 1, 2017 to March 31, 2023, such interest to be calculated at the rate per annum determined under paragraph 4, to reflect the length of time for which amounts included in such net increase were on deposit with the CRF during that fiscal year, is to be credited for the respective amount as of the last day of that fiscal year.
3. Interest at the rate per annum determined under paragraph 4 of this Order on the balance standing to the credit of the account at the close of each fiscal year that commenced during the period of April 1, 2017 to March 31, 2023 shall be credited to the account as of the last day of each fiscal year.
4. The rate to be used to calculate interest in respect of any fiscal year under paragraphs 2 and 3 of this Order shall be the rate shown in the column opposite that fiscal year in the following table:

   Fiscal Year Commencing	Rate (%)
   April 1, 2017	1.310
   April 1, 2018	2.010
   April 1, 2019	1.701
   April 1, 2020	0.290
   April 1, 2021	0.571
   April 1, 2022	3.737