About the OFA

• conducts borrowing, investment and financial risk management for the Province of Ontario (the Province);
• manages the Province’s debt;
• provides centralized banking and cash management and other financial services for the Province;
• advises ministries, Crown agencies and other public bodies on financial policies and projects;
• assists Crown agencies and other public bodies in borrowing and investing;
• acts as an intermediary for the Province in lending to certain public bodies;
• invests on behalf of certain public bodies; and
• with Ontario Power Generation Inc. (OPG), manages the investment activities of OPG’s Used Fuel Segregated Fund and Decommissioning Segregated Fund.

The OFA also carries out the day-to-day operations of Ontario Electricity Financial Corporation (OEFC). and provides a broad range of financial services to Infrastructure Ontario.

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.