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About the OFA
The Ontario Financing Authority (OFA) was established by the Capital Investment Plan Act, 1993 (CIPA), and performs the following activities:
- conducts borrowing, investment and financial risk management for the Province of Ontario
- manages the Provincial debt
- provides financial and centralized cash management services for the government
- 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 as an intermediary for the Province in lending to certain public bodies and invests on behalf of some public bodies.
The OFA also provides a broad range of financial services to the Ontario Electricity Financial Corporation (OEFC) and Infrastructure Ontario (Ontario Infrastructure Projects Corporation).
The OFA’s Corporate and Electricity Finance Division is responsible for implementing the Aboriginal Loan Guarantee Program.
The Division provides financial advice to the Minister of Finance, ministries, Crown agencies and other public bodies on:
- Policies and projects including capital markets borrowing, financial transactions, provincial indemnities, guarantees and other financial arrangements.
- Electricity reforms and supply initiatives, the financial performance of Ontario Power Generation, Hydro One and the Ontario Electricity Financial Corporation (OEFC) and the implementation of the Ontario Nuclear Funds Agreement.
