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Ontario Financing Authority

Ministry
Finance
URL
www.ofina.on.ca
Address
12TH FLOOR, 1 DUNDAS STREET WEST
TORONTO
M7A1Y7
Phone
(416) 325-8000
Fax
N/A
Background
Capital Investment Plan Act, 1993 (Parts I and II) (opens a new window)
Function

The Ontario Financing Authority: conducts borrowing, investment and financial risk management for the Province of Ontario; manages the Provincial debt; provides centralized financial services for the Province including banking and cash management; advises ministries, Crown agencies and other public bodies on financial policies and projects; assists Crown agencies and other public bodies to borrow and invest money; acts at the direction of the Province in lending to certain public bodies; invests on behalf of some public bodies; and provides such other financial services as are considered advantageous to the Province or any public body.

Membership

The Authority's Board of Directors is composed of a chair and at least four and not more than twelve other directors. The Deputy Minister is, by virtue of office, chair. The other directors are appointed by the Lieutenant Governor in Council, who also appoints one or more vice-chairs from among the directors.

Term

A member of the Board of Directors holds office for a term not exceeding three years and may be reappointed for successive terms not exceeding three years each.

Meetings
The board of directors meets at least quarterly.
Remuneration

Appointees to the Ontario Financing Authority are remunerated on a per diem basis as follows: Vice-Chair: $550; Member: $500. Appointees to the Ontario Financing Authority who are members of the Ontario Public Service do not receive remuneration.

 

Appointments & Vacancies

No. Position Member Term Location
1. Chair (Part-Time) GREG ORENCSAK
01-Oct-2020 - 30-Sep-2023
toronto
2. Vice-Chair (Part-Time) CONSTANCE LORIE SUGIYAMA
17-Dec-2020 - 16-Dec-2023
toronto
3. Member (Part-Time) MARIE MACDOUGALL
04-Apr-2019 - 03-Apr-2022
nepean
4. Member (Part-Time) PETER KAY
29-May-2019 - 28-May-2022
toronto
5. Member (Part-Time) DIANE MCARTHUR
22-Jun-2019 - 21-Jun-2022
toronto
6. Member (Part-Time) HEATHER-ANNE IRWIN
24-Oct-2019 - 23-Oct-2022
toronto
7. Member (Part-Time) PAUL POTVIN
14-Feb-2020 - 13-Feb-2023
toronto
8. Member (Part-Time) STEVE GEIST
02-Jul-2020 - 01-Jul-2023
toronto
9. Member (Part-Time) GADI MAYMAN
21-Jul-2020 - 20-Jul-2023
toronto
10. Member (Part-Time) RANI DHALIWAL
07-Jan-2021 - 06-Jan-2024
mississauga
11. Member (Part-Time) YIM CHAN
11-Mar-2021 - 10-Mar-2024
richmond hill
12. Member (Part-Time)
13. Member (Part-Time)