Identity area
Type of entity
Authorized form of name
Parallel form(s) of name
Ontario. Ministère des Finances
Standardized form(s) of name according to other rules
Ministry of Finance
Other form(s) of name
MOF
MFO
Identifiers for corporate bodies
Description area
Dates of existence
History
The Ministry of Finance was established in 1993 with the merging of the Ministry of Revenue, the Ministry of Financial Institutions, and the Ministry of Treasury and Economics.
The branches of the Ministry are organized into seven divisions or functional areas, each of which is presided over by an Assistant Deputy Minister. These divisions include the Office of Economic Policy, the Office of the Budget and Taxation, the Office of the Controller, the Tax Division, Corporate Services, the Property Assessment Division, and the Deposit Institutions Division. A Treasury Division, which included the Treasury Board, also existed within the Ministry from 1993 until 1995.
Agencies which report to the Ministry include the Ontario Insurance Commission, the Ontario Securities Commission, the Pension Commission of Ontario, the Fair Tax Commission, and the Stadium Corporation, the Ontario Financing Authority, and the Office of Social Contract Adjudication.
Places
Legal status
Functions, occupations and activities
The core mandate of the Ministry of Finance was to act as the custodian of the funds of the Province of Ontario and to supervise and control all matters relating to the province's financial affairs. The principal functions are to recommend taxation, fiscal, economic, and regional policies to the government; to implement expenditure management policies; to provide advice to ensure consistency among these policies and other government programs; to develop the provincial budget and manage the province's finances; to administer the province's major tax statutes and tax assistance programs; and to supervise financial institutions operating in Ontario.
Address
No specific legislation was passed establishing the Ministry of Finance. Instead, it operates under the aegis of the Ministry of Revenue Act and the Ministry of Treasury and Economics Act.
Internal structures/genealogy
General context
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Access points area
Subject access points
Place access points
Epithet
Control area
Authority record identifier
Institution identifier
Rules and/or conventions used
RAD: Rules for Archival Description, 2nd edn (2008)
Status
Level of detail
Dates of creation, revision and deletion
2026-11-16: migrated to AtoM
Language(s)
Script(s)
Sources
Canadiana Name Authorities, 1996-12- 24
Maintenance notes
Archivist(s):
R. Anger