Summary

The Ministry of Finance supports the economic, fiscal, and taxation policies and strategies of the Government of Ontario and oversees the Province's borrowing and debt management program. The ministry produces the provincial budget, and fall economic statement, and manages Ontario's fiscal relationship with the federal government, other provinces and Ontario's municipalities. In conjunction with Treasury Board Secretariat, the ministry also manages the Consolidated Revenue Fund and provincial fiscal and financial policies, and reports on financial matters. The ministry also leads efforts to create a modern, digitally enabled government.

The ministry develops policies for Ontario's financial services sector and supports the regulation of financial services institutions and intermediaries carrying on business in the Province. It reports on economic and demographic developments; and provides analytical and policy support on these topics, as well as statistical leadership and monitoring of trends affecting Ontario's economic growth and job creation.

The ministry administers a number of provincial tax statutes, tax credits and benefit programs, and manages the Province's relationship with the Canada Revenue Agency.

The ministry also oversees agencies accountable to the Minister of Finance.

Ministry Program Summary

Vote Program

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
1201 Ministry administration Program $34,161,100 $34,466,900 ($305,800) $53,482,112
1202 Regulatory Policy and Agency Relations Program $21,795,600 $21,828,800 ($33,200) $13,781,899
1203 Economic, Fiscal, and Financial Policy Program $427,617,700 $16,090,000 $411,527,700 $442,290,698
1209 Tax, Benefits and Local Finance Program $987,858,400 $1,003,956,000 ($16,097,600) $1,071,469,464
- Time-Limited COVID-19 Fund - $2,700,000,000 ($2,700,000,000) $241,200,000
1214 Ontario Digital Service Program $51,925,800 $12,171,500 $39,754,300 $14,643,420
  Total operating expense to be voted $1,523,358,600 $3,788,513,200 ($2,265,154,600) $1,836,867,593
  Statutory appropriations        
 

Treasury Program

 $12,988,223,200 $12,419,223,900 $568,999,300 $11,305,216,526
 

Other statutory appropriations

 $50,821,465 $50,783,914 $37,551 $64,688,154
  Ministry total operating expense $14,562,403,265 $16,258,521,014 ($1,696,117,749) $13,206,772,273
  Consolidation adjustment - Investment Management Corporation of Ontario $220,137,000 $184,771,500 $35,365,500 $127,587,585
  Consolidation adjustment - Ontario Financing Authority $27,211,300 $27,211,300 - $23,577,246
  Consolidation adjustment - Ontario Securities Commission $136,427,600 $121,539,900 $14,887,700 $117,332,451
  Consolidation adjustment - Ontario Electricity Financial Corporation ($362,305,600) $108,454,600 ($470,760,200) ($339,061,071)
  Consolidation adjustment - General Real Estate Portfolio - - - ($1,463,284)
  Consolidation Adjustment – General Real Estate Portfolio for Ontario Financing Authority ($1,580,100) ($2,212,900) $632,800 -
  Consolidation adjustment - Financial Services Regulatory Authority of Ontario $101,919,500 $94,934,200 $6,985,300 $89,797,975
  Consolidation adjustment - Treasury Program $794,844,800 $885,973,200 ($91,128,400) $1,088,156,184
  Consolidation adjustment - Treasury Program - Interest Capitalization for Other Sectors ($298,068,000) ($175,130,300) ($122,937,700) ($119,562,635)
  Total including consolidation & other adjustments $15,180,989,765 $17,504,062,514 ($2,323,072,749) $14,193,136,724

Operating assets
1201 Ministry administration Program - $1,000 ($1,000) -
1202 Regulatory Policy and Agency Relations Program $20,000,000 $20,000,000 - -
1209 Tax, Benefits and Local Finance Program $1,500,000 $650,000 $850,000 $1,199,976
  Total operating assets to be voted $21,500,000 $20,651,000 $849,000 $1,199,976
  Statutory appropriations $32,700,000 $35,700,000 ($3,000,000) $34,528,901
  Ministry total operating assets $54,200,000 $56,351,000 ($2,151,000) $35,728,877

Capital expense
1209 Tax, Benefits and Local Finance Program $1,000 $1,000 - -
1214 Ontario Digital Service Program $1,000 $1,000 - -
  Total capital expense to be voted $2,000 $2,000 - -
  Statutory appropriations $1,000 $2,000 ($1,000) -
  Ministry total capital expense $3,000 $4,000 ($1,000) -
  Consolidation adjustment - Investment Management Corporation of Ontario $1,765,200 $675,000 $1,090,200 $167,000
  Consolidation adjustment - Ontario Financing Authority $1,059,800 $699,000 $360,800 $572,000
  Consolidation adjustment - Ontario Securities Commission $2,399,100 $8,781,000 ($6,381,900) $2,231,005
  Consolidation adjustment - Financial Services Regulatory Authority of Ontario $3,340,000 $3,422,000 ($82,000) $1,917,376
  Total including consolidation & other adjustments $8,567,100 $13,581,000 ($5,013,900) $4,887,381

Capital assets
1209 Tax, Benefits and Local Finance Program $1,000 $1,000 - -
1214 Ontario Digital Service Program $1,000 $1,000 - -
  Total capital assets to be voted $2,000 $2,000 - -
  Ministry total capital assets $2,000 $2,000 - -
  Ministry total operating and capital including consolidation and other adjustments (not including assets) $15,189,556,865 $17,517,643,514 ($2,328,086,649) $14,198,024,105

Reconciliation to previously published data

Operating expense

2021-22
Estimates

2020-21
Actual
Total operating expense previously published footnote 1 $13,546,349,514 $13,194,786,838
Government reorganization    

Transfer of functions from other Ministries

 $12,171,500 $14,643,420

Transfer of functions to other Ministries

 - ($2,657,985)
Supplementary estimates    

2021-22 Supplementary estimates

 $2,700,000,000 -
Restated total operating expense $16,258,521,014 $13,206,772,273
Capital expense

2021-22
Estimates

2020-21
Actual
Total capital expense previously published footnote 2 $2,000 -
Government reorganization    

Transfer of functions from other Ministries

 $2,000 -
Restated total capital expense $4,000 -
Capital assets

2021-22
Estimates

2020-21
Actual
Total capital assets previously published footnote 3 $1,000 -
Government reorganization    

Transfer of functions from other Ministries

 $1,000 -
Restated total capital assets $2,000 -

Ministry Administration Program - vote 1201

The Ministry Administration Program, which includes the Offices of the Minister, Associate Minister of Digital Government, and Deputy Minister of Finance, delivers planning, advisory, legal, and controllership functions to ensure direction and management of operating programs consistent with Ontario Government policy and legislation. The program manages relationships with Treasury Board Secretariat and other central agencies, ensures proper levels of support to the ministry and its client groups, and strategically manages the ministry's quality service commitments.

Vote summary

Item number Item

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
1 Ministry administration $34,161,100 $34,466,900 ($305,800) $53,482,112
  Total operating expense to be voted $34,161,100 $34,466,900 ($305,800) $53,482,112
S Minister's Salary, the Executive Council Act $47,841 $47,841 - $36,843
S Minister without Portfolio's Salary, the Executive Council Act $22,378 - $22,378 -
S Parliamentary Assistants’ Salaries, the Executive Council Act $32,346 $16,173 $16,173 $16,667
S Bad debt expense, the Financial Administration Act $1,000 $1,000 - -
  Total statutory appropriations $103,565 $65,014 $38,551 $53,510
  Total operating expense $34,264,665 $34,531,914 ($267,249) $53,535,622

Operating assets
- Accounts receivable - $1,000 ($1,000) -
  Total operating assets to be voted - $1,000 ($1,000) -
  Total operating assets - $1,000 ($1,000) -

Standard account by item and sub-items

 
Vote-
item
number		 Standard account by item and sub-items Amount Amount

Operating expense
1201-1 Ministry administration    
 

Salaries and wages

   $18,209,000
 

Employee benefits

   $2,739,500
 

Transportation and communication

   $1,097,700
 

Services

   $11,281,500
 

Supplies and equipment

   $833,400
  Total operating expense to be voted   $34,161,100
  Sub-items:    
  Main office    
 

Salaries and wages

 $3,614,400  
 

Employee benefits

 $389,600  
 

Transportation and communication

 $305,400  
 

Services

 $233,400  
 

Supplies and equipment

 $77,200 $4,620,000
  Financial and Administrative Services    
 

Salaries and wages

 $7,108,800  
 

Employee benefits

 $1,494,500  
 

Transportation and communication

 $428,200  
 

Services

 $2,052,000  
 

Supplies and equipment

 $353,900 $11,437,400
  Human Resources    
 

Salaries and wages

 $2,205,100  
 

Employee benefits

 $386,300  
 

Transportation and communication

 $35,200  
 

Services

 $152,300  
 

Supplies and equipment

 $64,800 $2,843,700
  Communications Services    
 

Salaries and wages

 $5,280,700  
 

Employee benefits

 $469,100  
 

Transportation and communication

 $73,600  
 

Services

 $110,600  
 

Supplies and equipment

 $164,100 $6,098,100
  Legal Services    
 

Transportation and communication

 $255,300  
 

Services

 $8,733,200  
 

Supplies and equipment

 $173,400 $9,161,900
  Total operating expense to be voted   $34,161,100
  Statutory appropriations    
Statutory

Minister's Salary, the Executive Council Act

   $47,841
Statutory

Minister without Portfolio's Salary, the Executive Council Act

   $22,378
Statutory

Parliamentary Assistants’ Salaries, the Executive Council Act

   $32,346
  Statutory appropriations    
 

Other transactions

    
Statutory

Bad debt expense, the Financial Administration Act

   $1,000
  Total operating expense for Ministry administration Program   $34,264,665

Regulatory Policy and Agency Relations Program - vote 1202

The Regulatory Policy and Agency Relations Program provides coordination and oversight of the Ministry of Finance's regulatory policy agenda, and related agency oversight.

This program undertakes pension and income security policy analysis and leads development of relevant legislation and regulations. It tracks emerging trends and developments and identifies the social, economic and fiscal implications of pension and income security policies, and supports the government in formulating legislation and major economic, fiscal and policy documents. The program also manages the government's relationship with the Investment Management Corporation of Ontario.

This program ensures efficient regulation of the provincial financial services sector, including insurance, deposit-taking institutions, mortgage brokers, and the capital markets. This includes providing oversight to the Ontario Securities Commission and collaborating with other jurisdictions to facilitate the work of the Cooperative Capital Markets Regulatory System. The program also oversees the Financial Services Regulatory Authority of Ontario and manages residual activities resulting from the transition and wind-down of the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario.

This program supports the coordination of horizontal policy development on several transformation initiatives spanning multiple ministries, including implementation of beverage alcohol and gaming modernization, and cannabis retail and distribution. It facilitates the Minister's oversight and accountability of the Liquor Control Board of Ontario, the Ontario Cannabis Retail Corporation, and the Ontario Lottery and Gaming Corporation, and manages the Ontario Deposit Return Program for beverage alcohol containers.

The ministry also provides administrative support to the Financial Services Tribunal, an adjudicative tribunal that, at the request of affected persons, holds appeals and hearings for decisions or proposed decisions, of the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario or from the former Financial Services Commission of Ontario, and the Deposit Insurance Corporation of Ontario.

Vote summary

Item number Item

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
6 Income Security and Pension Policy $7,799,700 $7,793,600 $6,100 $4,883,077
7 Government Business Enterprise $8,850,200 $8,890,000 ($39,800) $4,553,754
8 Financial Services Policy $5,144,700 $5,144,200 $500 $4,345,068
12 Financial Services Tribunal $1,000 $1,000 - -
  Total operating expense to be voted $21,795,600 $21,828,800 ($33,200) $13,781,899
S Bad debt expense, the Financial Administration Act - $1,000 ($1,000) $2,509,374
  Total statutory appropriations - $1,000 ($1,000) $2,509,374
  Total operating expense $21,795,600 $21,829,800 ($34,200) $16,291,273

Operating assets
9 Strategic Assets – Loans and Investments $20,000,000 $20,000,000 - -
  Total operating assets to be voted $20,000,000 $20,000,000 - -
S Loans and Investments - the Financial Services Regulatory Authority of Ontario Act, 2016 - $3,000,000 ($3,000,000) $4,500,000
  Total statutory appropriations - $3,000,000 ($3,000,000) $4,500,000
  Total operating assets $20,000,000 $23,000,000 ($3,000,000) $4,500,000

Standard account by item and sub-items

Vote-
item
number		 Standard account by item and sub-items Amount

Operating expense
1202-6 Income Security and Pension Policy  
 

Salaries and wages

 $5,919,600
 

Employee benefits

 $739,200
 

Transportation and communication

 $47,500
 

Services

 $1,038,100
 

Supplies and equipment

 $55,300
  Total operating expense to be voted $7,799,700
1202-7 Government Business Enterprise  
 

Salaries and wages

 $4,234,300
 

Employee benefits

 $531,900
 

Transportation and communication

 $122,400
 

Services

 $4,094,400
 

Supplies and equipment

 $108,600
  Subtotal $9,091,600
  Less: recoveries $241,400
  Total operating expense to be voted $8,850,200
1202-8 Financial Services Policy  
 

Salaries and wages

 $3,793,100
 

Employee benefits

 $635,400
 

Transportation and communication

 $68,600
 

Services

 $1,044,200
 

Supplies and equipment

 $62,700
  Subtotal $5,604,000
  Less: recoveries $459,300
  Total operating expense to be voted $5,144,700
1202-12 Financial Services Tribunal  
 

Salaries and wages

 $173,100
 

Employee benefits

 $22,500
 

Transportation and communication

 $11,400
 

Services

 $641,200
 

Supplies and equipment

 $2,100
  Subtotal $850,300
  Less: recoveries $849,300
  Total operating expense to be voted $1,000
  Total operating expense for Regulatory Policy and Agency Relations Program $21,795,600

Operating assets
1202-9 Strategic Assets – Loans and Investments  
 

Loans and Investments

  
 

Other Loans – Stelco

 $20,000,000
  Total operating assets to be voted $20,000,000
  Total operating assets for Regulatory Policy and Agency Relations Program $20,000,000

Economic, Fiscal, and Financial Policy Program - vote 1203

The Economic, Fiscal and Financial Policy Program assists the government in formulating the fiscal plan and monitors and reports on the performance of the Ontario economy through the Ontario Budget, Ontario Quarterly Finances, Ontario Economic Accounts, Economic Outlook and Fiscal Review, and Ontario’s Public Accounts. It leads preparation of the Long-term Report on the Economy and supports the Pre-Election Review of Ontario’s Finances by the Auditor General. This program supports, develops and implements sound economic and fiscal strategies to stimulate economic growth and job creation; and it provides financial and economic expertise and advice to support the development, implementation and assessment of the impact of government policies and programs on Ontarians. It undertakes annual population projections for use in resource allocation and planning and develops demographic forecasts for Ontario and its 49 census divisions.

This program assists the Minister of Finance and the government in formulating Ontario's fiscal policy and strategies with respect to federal-provincial fiscal arrangements; and provides policy advice to clients, managers, and decision makers in the areas of fiscal management. The program facilitates engagement with central agency and line ministry partners to provide fiscal and budgetary policy advice and support policy development and prioritization. The program is responsible for statistics policy and is leading efforts to deliver high quality data and information and modernizing Ontario’s statistics services.

In addition, the program reflects the transfer of dedicated electricity earnings from the Province to the Ontario Electricity Financial Corporation.

Vote summary

Item number Item

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
1 Economic Policy $11,624,500 $11,625,300 ($800) $10,403,358
8 Office of the Budget $4,339,200 $4,335,700 $3,500 $3,765,630
12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings $411,654,000 $129,000 $411,525,000 $428,121,710
  Total operating expense to be voted $427,617,700 $16,090,000 $411,527,700 $442,290,698
S Guarantees and Indemnities, the Financial Administration Act $1,000 $1,000 - -
S Hydro One Inc., Provincial Corporate Tax Provision, the Electricity Act, 1998 $1,000 $1,000 - $27,100,000
  Total statutory appropriations $2,000 $2,000 - $27,100,000
  Total operating expense $427,619,700 $16,092,000 $411,527,700 $469,390,698

Standard account by item and sub-items

Vote-
item
number		 Standard account by item and sub-items Amount

Operating expense
1203-1 Economic Policy  
 

Salaries and wages

 $9,246,800
 

Employee benefits

 $1,125,900
 

Transportation and communication

 $166,100
 

Services

 $777,700
 

Supplies and equipment

 $308,000
  Total operating expense to be voted $11,624,500
1203-8 Office of the Budget  
 

Salaries and wages

 $3,650,800
 

Employee benefits

 $455,100
 

Transportation and communication

 $71,800
 

Services

 $119,300
 

Supplies and equipment

 $42,200
  Total operating expense to be voted $4,339,200
1203-12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings  
 

Other transactions

  
 

Electricity Sector Dedicated Income

 $411,654,000
  Total operating expense to be voted $411,654,000
  Statutory appropriations  
 

Other transactions

  
Statutory

Guarantees and Indemnities, the Financial Administration Act

 $1,000
  Statutory appropriations  
 

Other transactions

  
Statutory

Hydro One Inc., Provincial Corporate Tax Provision, the Electricity Act, 1998

 $1,000
  Total operating expense for Economic, Fiscal, and Financial Policy Program $427,619,700

Tax, Benefits and Local Finance Program - vote 1209

The Tax, Benefits and Local Finance Program develops the policy and legislative framework for Ontario's taxation and benefits systems; administers Ontario tax statutes, tax and non-tax revenue programs and a number of benefit programs; maintains the integrity of Ontario's tax system; and manages the Province's fiscal relationship with municipalities.

The program objective is to maintain a tax system that is competitive and transparent for business to support economic growth, while ensuring tax supports are fair and effective for individuals and families in Ontario. To this end, the program provides strategic analysis and advice on personal, corporate, mining, electricity sector, commodity, sales, estate administration and payroll tax policy and design.

As part of this work, the program offers front-line customer service across the province including program advice, education and outreach, as well as assistance throughout the registration and account management process. The program also conducts tax compliance activities including audit, inspection, investigation and collection, delivers key benefit programs for low-income individuals and families, and automated income verification services and online client experience improvements to other benefit programs, and conducts research and analysis of tax compliance. The program also manages the Province’s relationship with the Canada Revenue Agency.

The program provides advice on the development of policies and legislation governing municipal property taxation in Ontario, education property taxes and provincial land tax, establishes the policy and legislative framework for Ontario's property assessment system, and provides oversight of the Municipal Property Assessment Corporation. It also administers and determines policies for the Ontario Municipal Partnership Fund, the Province's main transfer payment to municipalities.

Vote summary

Item number Item

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
1 Tax and Benefits Administration $409,760,000 $447,046,700 ($37,286,700) $513,589,306
5 Taxation Policy $9,275,500 $9,276,100 ($600) $7,470,948
6 Provincial-Local Finance $25,962,800 $24,765,100 $1,197,700 $23,560,852
7 Municipal Support Programs $542,860,100 $522,868,100 $19,992,000 $526,848,358
  Total operating expense to be voted $987,858,400 $1,003,956,000 ($16,097,600) $1,071,469,464
S Payments to Private Collection Agencies, the Financial Administration Act $5,500,000 $5,500,000 - $4,580,777
S Bad debt expense, the Financial Administration Act $45,215,900 $45,215,900 - $30,444,493
  Total statutory appropriations $50,715,900 $50,715,900 - $35,025,270
  Total operating expense $1,038,574,300 $1,054,671,900 ($16,097,600) $1,106,494,734

Operating assets
2 Assets $1,500,000 $650,000 $850,000 $1,199,976
  Total operating assets to be voted $1,500,000 $650,000 $850,000 $1,199,976
S Advances, the Education Act $20,300,000 $20,300,000 - $18,606,392
S Advances, the Northern Services Boards Act $6,200,000 $6,200,000 - $5,449,043
S Advances, the Local Roads Boards Act $6,200,000 $6,200,000 - $5,973,466
  Total statutory appropriations $32,700,000 $32,700,000 - $30,028,901
  Total operating assets $34,200,000 $33,350,000 $850,000 $31,228,877

Capital expense
3 Tax and Benefits $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
S Amortization, the Financial Administration Act - $1,000 ($1,000) -
  Total statutory appropriations - $1,000 ($1,000) -
  Total capital expense $1,000 $2,000 ($1,000) -

Capital assets
4 Tax and Benefits $1,000 $1,000 - -
  Total capital assets to be voted $1,000 $1,000 - -
  Total capital assets $1,000 $1,000 - -

Standard account by item and sub-items

Vote-
item
number		 Standard account by item and sub-items Amount Amount Amount

Operating expense
1209-1 Tax and Benefits Administration      
 

Salaries and wages

     $80,904,800
 

Employee benefits

     $12,385,600
 

Transportation and communication

     $3,936,000
 

Services

     $168,081,500
 

Supplies and equipment

     $2,107,200
 

Transfer payments

      
 

Guaranteed Annual Income System

   $145,199,500  
 

Tax Compliance Partnership Agreements

   $170,000 $145,369,500
  Subtotal     $412,784,600
  Less: recoveries     $3,024,600
  Total operating expense to be voted     $409,760,000
  Sub-items:      
  Strategy, Stewardship and Program Policy      
 

Salaries and wages

   $13,609,000  
 

Employee benefits

   $2,253,000  
 

Transportation and communication

   $635,000  
 

Services

   $156,656,400  
 

Supplies and equipment

   $637,000 $173,790,400
  Tax Compliance and Benefits      
 

Salaries and wages

   $67,295,800  
 

Employee benefits

   $10,132,600  
 

Transportation and communication

   $3,301,000  
 

Services

   $11,425,100  
 

Supplies and equipment

   $1,470,200  
 

Transfer payments

      
 

Guaranteed Annual Income System

 $145,199,500    
 

Tax Compliance Partnership Agreements

 $170,000 $145,369,500  
 

Subtotal

   $238,994,200  
 

Less: recoveries

   $3,024,600 $235,969,600
  Total operating expense to be voted     $409,760,000
1209-5 Taxation Policy      
 

Salaries and wages

     $6,997,400
 

Employee benefits

     $1,030,500
 

Transportation and communication

     $186,900
 

Services

     $863,600
 

Supplies and equipment

     $197,100
  Total operating expense to be voted     $9,275,500
1209-6 Provincial-Local Finance      
 

Salaries and wages

     $7,759,600
 

Employee benefits

     $931,100
 

Transportation and communication

     $181,700
 

Services

     $16,975,400
 

Supplies and equipment

     $115,000
  Total operating expense to be voted     $25,962,800
1209-7 Municipal Support Programs      
 

Transfer payments

      
 

Ontario Municipal Partnership Fund

   $501,850,000  
 

Special Payments to Municipalities

   $16,693,100  
 

Transitional Mitigation Payment

   $24,317,000 $542,860,100
  Total operating expense to be voted     $542,860,100
  Statutory appropriations      
 

Services

      
Statutory

Payments to Private Collection Agencies, the Financial Administration Act

     $5,500,000
  Statutory appropriations      
 

Other transactions

      
Statutory

Bad debt expense, the Financial Administration Act

     $45,215,900
  Total operating expense for Tax, Benefits and Local Finance Program     $1,038,574,300

Operating assets
1209-2 Assets      
 

Advances and recoverable amounts

      
 

Guaranteed Annual Income System

     $1,500,000
  Total operating assets to be voted     $1,500,000
  Statutory appropriations      
 

Advances and recoverable amounts

      
Statutory

Advances, the Education Act

     $20,300,000
 

Advances and recoverable amounts

      
Statutory

Advances, the Northern Services Boards Act

     $6,200,000
 

Advances and recoverable amounts

      
Statutory

Advances, the Local Roads Boards Act

     $6,200,000
  Total operating assets for Tax, Benefits and Local Finance Program     $34,200,000

Capital expense
1209-3 Tax and Benefits      
 

Other transactions

     $1,000
  Total capital expense to be voted     $1,000
  Total capital expense for Tax, Benefits and Local Finance Program     $1,000

Capital assets
1209-4 Tax and Benefits      
 

Land and marine fleet - asset costs

     $1,000
  Total capital assets to be voted     $1,000
  Total capital assets for Tax, Benefits and Local Finance Program     $1,000

Ontario Digital Service Program - vote 1214

The Chief Digital and Data Officer and the Ontario Digital Service are helping create a modern, digitally enabled government that equips all Ontarians to thrive in the digital age. They are helping improve the quality, value and offering of government services by making them more efficient and more of them available digitally. The Ontario Digital Service is doing this by transforming internal processes, setting new standards, delivering digital services and equipping the Ontario Public Service to use internet-era methods.

Vote summary

Item number Item

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
1 Ontario Digital Service $51,925,800 $12,171,500 $39,754,300 $14,643,420
  Total operating expense to be voted $51,925,800 $12,171,500 $39,754,300 $14,643,420
  Total operating expense $51,925,800 $12,171,500 $39,754,300 $14,643,420

Capital expense
2 Ontario Digital Service $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
S Amortization, the Financial Administration Act $1,000 $1,000 - -
  Total statutory appropriations $1,000 $1,000 - -
  Total capital expense $2,000 $2,000 - -

Capital assets
3 Ontario Digital Service $1,000 $1,000 - -
  Total capital assets to be voted $1,000 $1,000 - -
  Total capital assets $1,000 $1,000 - -

Standard account by item and sub-items

Vote-
item
number		 Standard account by item and sub-items Amount

Operating expense
1214-1 Ontario Digital Service  
 

Salaries and wages

 $22,532,000
 

Employee benefits

 $2,143,600
 

Transportation and communication

 $139,200
 

Services

 $26,971,800
 

Supplies and equipment

 $139,200
  Total operating expense to be voted $51,925,800
  Total operating expense for Ontario Digital Service Program $51,925,800

Capital expense
1214-2 Ontario Digital Service  
 

Other transactions

 $1,000
  Total capital expense to be voted $1,000
  Statutory appropriations  
 

Other transactions

  
Statutory

Amortization, the Financial Administration Act

 $1,000
  Total capital expense for Ontario Digital Service Program $2,000

Capital assets
1214-3 Ontario Digital Service  
 

Business application software - asset costs

 $1,000
  Total capital assets to be voted $1,000
  Total capital assets for Ontario Digital Service Program $1,000

Treasury Program

This program is responsible for the development, direction, operation, execution and formulation of policies for the management of the Province's debt, investments, credit ratings, investor relations, and related financial administration activities.  This is accomplished by issuing and managing debt, including Green Bonds, to complete the Province’s annual borrowing program; liaising with rating agencies on their determination of the Province's credit rating; providing centralized banking and cash management services to the Province; reporting on the financial position of the Province to investors and the public to facilitate borrowing activities;  providing electricity sector financial analysis and support for any direct or indirect provincial liabilities and monitoring the fiscal implications; co-managing, with Ontario Power Generation, the investment activities of the Ontario Nuclear Funds; providing advice to government and broader public sector on financing initiatives and policies; provision of guarantees and loans by the Province and assistance in investments to its Crown Corporations and agencies; assisting Crown agencies and other public bodies on financial policies and projects and investing on behalf of some public bodies; and arranging custodial and fiscal agency services for the Province and certain agencies.  The Ontario Financing Authority (OFA) provides a broad range of financial services to Ontario Electricity Financial Corporation (OEFC) and Ontario Infrastructure and Lands Corporation (Infrastructure Ontario).

Vote summary

Item number Item

Estimates
2022-23

Estimates
2021-22

Difference
between
2022-23
and
2021-22

Actual
2020-21

Operating expense
S Interest on Debt, the Financial Administration Act $12,988,223,200 $12,419,223,900 $568,999,300 $11,305,216,526
  Total operating expense $12,988,223,200 $12,419,223,900 $568,999,300 $11,305,216,526

Standard account by item and sub-items

Vote-
item
number		 Standard account by item and sub-items Amount Amount
 

Operating expense

    
Statutory Statutory appropriations
Interest on Debt, the Financial Administration Act		    
 

Interest on Ontario Securities

    
 

 

For general purposes

 $12,964,154,800  
 

 

Canada Pension Plan Investment Board

 $387,498,000  
 

 

Ontario Immigrant Investor Corporation

 $35,400 $13,351,688,200
 

Less: Interest Capitalized in Ministry Appropriations

   $103,224,000
 

Less: Other interest, exchange, discount and commission

   ($73,560,000)
 

Less: Interest on Investments

   $731,806,000
      $12,590,218,200
 

Interest on Debt Payable to Ontario Electricity Financial Corporation

   $398,005,000
  Total operating expense for Treasury Program   $12,988,223,200