Expenditure Estimates for the Ministry of Finance (2026–2027)

The 2026–2027 Expenditure Estimates set out details of the operating and capital spending requirements of the Ministry of Finance for the fiscal year commencing April 1, 2026.

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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 and Ontario’s municipalities. In conjunction with Treasury Board Secretariat, the ministry also manages the Consolidated Revenue Fund, provincial fiscal and financial policies, and reports on financial matters.

The ministry develops policies for Ontario’s financial services sector and supports the regulation of financial services institutions and intermediaries conducting 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 is responsible for policy development for the beverage alcohol and cannabis sectors. Along with overseeing the operational and revenue-generating agencies in these sectors, the ministry also oversees other agencies accountable to the Minister of Finance.

Ministry Program Summary

Operating Expense
Vote	Program	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1201	Ministry Administration Program	32,901,700	32,201,800	699,900	68,094,025
1202	Regulatory Policy and Agency Relations Program	12,142,000	12,768,000	(626,000)	12,204,430
1203	Economic, Fiscal, and Financial Policy Program	278,758,700	19,770,900	258,987,800	18,374,283
1209	Tax, Benefits and Local Finance Program	1,188,433,100	1,226,939,000	(38,505,900)	4,024,544,455
1216	Alcohol Policy and Marketplace Modernization Program	9,474,200	103,767,400	(94,293,200)	135,497,100
	Total Operating Expense to be Voted	1,521,709,700	1,395,447,100	126,262,600	4,258,714,293
	Statutory Appropriations
	Treasury Program	16,958,355,000	16,054,231,700	904,123,300	14,776,087,924
	Building Ontario Fund, the Building Ontario Fund Act, 2024	1,000	15,101,000	(15,100,000)	6,160,000
	Other Statutory Appropriations	50,830,461	50,799,087	31,374	94,563,690
	Ministry Total Operating Expense	18,530,896,161	17,515,578,887	1,015,317,274	19,135,525,907
	Consolidation Adjustment - Ontario Financing Authority	45,881,500	40,488,900	5,392,600	30,311,597
	Consolidation Adjustment - Ontario Securities Commission	163,594,200	169,410,500	(5,816,300)	154,631,524
	Consolidation Adjustment - Ontario Electricity Financial Corporation	(209,669,000)	51,106,900	(260,775,900)	4,555,012
	Consolidation Adjustment - Financial Services Regulatory Authority of Ontario	113,657,900	116,985,500	(3,327,600)	114,687,744
	Consolidation Adjustment - Investment Management Corporation of Ontario	319,709,100	328,103,200	(8,394,100)	304,624,000
	Consolidation Adjustment - Building Ontario Fund	35,668,700	(816,700)	36,485,400	(3,112,346)
	Consolidation Adjustment - General Real Estate Portfolio for Ontario Financing Authority	(1,834,000)	(1,584,000)	(250,000)	(1,551,489)
	Consolidation Adjustment - Treasury Program	1,289,975,600	1,290,700,700	(725,100)	1,351,255,152
	Consolidation Adjustment - Treasury Program - Interest Capitalization for Other Sectors	(1,011,180,000)	(1,146,792,000)	135,612,000	(1,005,536,931)
	Total Including Consolidation & Other Adjustments	19,276,700,161	18,363,181,887	913,518,274	20,085,390,170

Operating Assets
Vote	Program	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1209	Tax, Benefits and Local Finance Program	1,500,000	1,500,000	-	803,350
	Total Operating Assets to be Voted	1,500,000	1,500,000	-	803,350
	Statutory Appropriations
	Treasury Program	1,000	-	1,000	-
	Other Statutory Appropriations	35,000,000	34,700,000	300,000	32,807,720
	Ministry Total Operating Assets	36,501,000	36,200,000	301,000	33,611,070

Operating Expense
Vote	Program	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1209	Tax, Benefits and Local Finance Program	1,000	1,000	-	-
	Total Capital Expense to be Voted	1,000	1,000	-	-
	Statutory Appropriations	1,000	1,000	-	-
	Ministry Total Capital Expense	2,000	2,000	-	-
	Consolidation Adjustment - Ontario Financing Authority	1,467,800	1,271,100	196,700	1,260,090
	Consolidation Adjustment - Ontario Securities Commission	7,412,400	2,164,400	5,248,000	9,435,949
	Consolidation Adjustment - Financial Services Regulatory Authority of Ontario	2,976,200	2,969,900	6,300	2,443,239
	Consolidation Adjustment - Investment Management Corporation of Ontario	1,947,700	2,029,600	(81,900)	2,030,000
	Consolidation Adjustment - Building Ontario Fund	548,300	146,800	401,500	16,004
	Total Including Consolidation & Other Adjustments	14,354,400	8,583,800	5,770,600	15,185,282

Capital Assets
Vote	Program	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1209	Tax, Benefits and Local Finance Program	1,000	1,000	-	-
	Total Capital Assets to be Voted	1,000	1,000	-	-
	Ministry Total Capital Assets	1,000	1,000	-	-
	Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets)	19,291,054,561	18,371,765,687	919,288,874	20,100,575,452

Reconciliation to Previously Published Data

Operating Expense	Estimates 2025-26 $	Actual 2024-25 $
Total Operating Expense previously published ^{footnote 1[1]}	17,515,578,887	19,137,504,607
Government Reorganization
Transfer of functions to other Ministries	-	(1,978,700)
Restated Total Operating Expense	17,515,578,887	19,135,525,907

Ministry Administration Program - Vote 1201

The Ministry Administration Program, which includes the Offices of the Minister 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.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1	Ministry Administration	32,901,700	32,201,800	699,900	68,094,025
	Total Operating Expense to be Voted	32,901,700	32,201,800	699,900	68,094,025
S	Minister's Salary, the Executive Council Act	66,559	47,841	18,718	49,301
S	Parliamentary Assistants’ Salaries, the Executive Council Act	45,002	32,346	12,656	33,056
S	Bad Debt Expense, the Financial Administration Act	1,000	1,000	-	-
	Total Statutory Appropriations	112,561	81,187	31,374	82,357
	Total Operating Expense	33,014,261	32,282,987	731,274	68,176,382

Standard accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $	Amount $
1201-1	Ministry Administration
	Salaries and wages		19,586,100
	Employee benefits		2,036,600
	Transportation and communication		771,500
	Services		9,947,000
	Supplies and equipment		560,500
	Total Operating Expense to be Voted		32,901,700
	Sub-Items:
	Main Office
	Salaries and wages	3,448,800
	Employee benefits	344,400
	Transportation and communication	305,400
	Services	193,200
	Supplies and equipment	77,200	4,369,000
	Corporate Services
	Salaries and wages	9,854,200
	Employee benefits	1,168,200
	Transportation and communication	133,400
	Services	870,500
	Supplies and equipment	145,400	12,171,700
	Communications Services
	Salaries and wages	6,283,100
	Employee benefits	524,000
	Transportation and communication	77,400
	Services	116,100
	Supplies and equipment	164,500	7,165,100
	Legal Services
	Transportation and communication	255,300
	Services	8,767,200
	Supplies and equipment	173,400	9,195,900
	Total Operating Expense to be Voted		32,901,700
	Statutory Appropriations
Statutory	Minister's Salary, the Executive Council Act		66,559
Statutory	Parliamentary Assistants’ Salaries, the Executive Council Act		45,002
	Statutory Appropriations
	Other transactions
Statutory	Bad Debt Expense, the Financial Administration Act		1,000
	Total Operating Expense for Ministry Administration Program		33,014,261

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 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 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 the Financial Services Regulatory Authority of Ontario.

This program 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.

This program also provides oversight to the Building Ontario Fund, which has a mandate to invest and seek to attract investment from qualified institutional investors, public sector entities, governments and Indigenous communities, in Ontario infrastructure projects that will generate revenue and that will be in the public interest.

This program also supports effective commercial policy for the cannabis sector and facilitates the Minister’s oversight and accountability of the Ontario Cannabis Retail Corporation.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
6	Pension Policy and Strategy	5,924,200	5,677,600	246,600	5,473,210
8	Financial Services Policy	6,216,800	7,089,400	(872,600)	5,116,571
12	Financial Services Tribunal	1,000	1,000	-	-
-	Government Business Enterprise	-	-	-	1,614,649
	Total Operating Expense to be Voted	12,142,000	12,768,000	(626,000)	12,204,430
	Total Operating Expense	12,142,000	12,768,000	(626,000)	12,204,430

Standard accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $
1202-6	Pension Policy and Strategy
	Salaries and wages	4,986,200
	Employee benefits	486,600
	Transportation and communication	18,800
	Services	410,700
	Supplies and equipment	21,900
	Total Operating Expense to be Voted	5,924,200
1202-8	Financial Services Policy
	Salaries and wages	4,772,200
	Employee benefits	538,800
	Transportation and communication	94,900
	Services	1,014,000
	Supplies and equipment	87,300
	Subtotal	6,507,200
	Less: Recoveries	290,400
	Total Operating Expense to be Voted	6,216,800
1202-12	Financial Services Tribunal
	Salaries and wages	263,800
	Employee benefits	33,800
	Transportation and communication	4,100
	Services	833,900
	Supplies and equipment	2,400
	Subtotal	1,138,000
	Less: Recoveries	1,137,000
	Total Operating Expense to be Voted	1,000
	Total Operating Expense for Regulatory Policy and Agency Relations Program	12,142,000

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. 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 discretionary transfer of dedicated electricity earnings from the Province to the Ontario Electricity Financial Corporation.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1	Economic Policy	13,588,800	13,988,900	(400,100)	12,764,792
8	Office of the Budget	6,040,900	5,781,000	259,900	5,609,491
12	Ontario Electricity Financial Corporation Dedicated Electricity Earnings	259,129,000	1,000	259,128,000	-
	Total Operating Expense to be Voted	278,758,700	19,770,900	258,987,800	18,374,283
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	-	36,000,000
	Total Statutory Appropriations	2,000	2,000	-	36,000,000
	Total Operating Expense	278,760,700	19,772,900	258,987,800	54,374,283

Standard accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $
1203-1	Economic Policy
	Salaries and wages	11,293,800
	Employee benefits	1,180,400
	Transportation and communication	86,400
	Services	764,200
	Supplies and equipment	264,000
	Total Operating Expense to be Voted	13,588,800
1203-8	Office of the Budget
	Salaries and wages	5,352,800
	Employee benefits	455,100
	Transportation and communication	71,800
	Services	119,000
	Supplies and equipment	42,200
	Total Operating Expense to be Voted	6,040,900
1203-12	Ontario Electricity Financial Corporation Dedicated Electricity Earnings
	Other transactions
	Electricity Sector Dedicated Income	259,129,000
	Total Operating Expense to be Voted	259,129,000
	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	278,760,700

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’s 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. The program provides strategic analysis and advice as well as legislative design on a range of tax areas, including personal, corporate, mining, electricity sector, commodity, sales, estate administration, and payroll.

As part of this work, the program offers front-line customer services including program advice, education and outreach, and assistance throughout the registration and account management process. The program also conducts tax compliance activities including online verification, audit, inspection, investigation and collection. In addition, the program delivers key benefit programs for low-income individuals and families, including automated income-verification services and online client experience improvements to other benefit programs.

The program reviews tax administration programs for effectiveness, efficiencies, and opportunities to improve revenue integrity; coordinates Burden Reduction activities on behalf of the ministry; and leverages stewardship of the Province’s relationship with the Canada Revenue Agency to increase program integrity and inform modernization of the administration of Ontario taxes. The program also advances ministry initiatives and partnerships that foster Indigenous economic reconciliation.

The program provides advice on the development of policies and legislation governing the Ontario property tax system, including municipal property taxation, education property taxes and provincial land tax, establishes the policy and legislative framework for Ontario’s property assessment system, and manages the Province’s relationship with the Municipal Property Assessment Corporation. It also provides strategic oversight and advice on policies that support the Province’s fiscal arrangements with municipalities and designs and delivers municipal funding programs, including the Ontario Municipal Partnership Fund, the Province’s main general assistance grant to municipalities.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1	Tax and Benefits Administration	526,356,300	596,566,100	(70,209,800)	3,451,561,110
5	Taxation Policy	10,558,700	10,229,400	329,300	7,869,233
6	Provincial-Local Finance	33,830,200	36,566,400	(2,736,200)	30,491,620
7	Municipal Support Programs	617,687,900	583,577,100	34,110,800	534,622,492
	Total Operating Expense to be Voted	1,188,433,100	1,226,939,000	(38,505,900)	4,024,544,455
S	Payments to Private Collection Agencies, the Financial Administration Act	5,500,000	5,500,000	-	5,569,232
S	Bad Debt Expense, the Financial Administration Act	45,215,900	45,215,900	-	52,912,101
	Total Statutory Appropriations	50,715,900	50,715,900	-	58,481,333
	Total Operating Expense	1,239,149,000	1,277,654,900	(38,505,900)	4,083,025,788

Operating Assets
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
2	Assets	1,500,000	1,500,000	-	803,350
	Total Operating Assets to be Voted	1,500,000	1,500,000	-	803,350
S	Advances, the Education Act	20,000,000	20,000,000	-	19,039,482
S	Advances, the Northern Services Boards Act	7,500,000	7,500,000	-	6,956,817
S	Advances, the Local Roads Boards Act	7,500,000	7,200,000	300,000	6,811,421
	Total Statutory Appropriations	35,000,000	34,700,000	300,000	32,807,720
	Total Operating Assets	36,500,000	36,200,000	300,000	33,611,070

Capital Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
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	2,000	2,000	-	-

Capital Assets
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
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 accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $	Amount $	Amount $
1209-1	Tax and Benefits Administration
	Salaries and wages			87,117,100
	Employee benefits			11,566,000
	Transportation and communication			3,027,100
	Services			149,917,100
	Supplies and equipment			2,340,300
	Transfer payments
	Wine Boutique Support Program		3,043,800
	First Nation Partnerships		2,000,000
	Guaranteed Annual Income System		271,189,400
	Tax Compliance Partnership Agreements		20,000
	Ontario Taxpayer Rebate		1,000	276,254,200
	Subtotal			530,221,800
	Less: Recoveries			3,865,500
	Total Operating Expense to be Voted			526,356,300
	Sub-Items:
	Benefits, Integrity and Partnerships
	Salaries and wages		15,888,100
	Employee benefits		1,499,300
	Transportation and communication		260,000
	Services		129,596,900
	Supplies and equipment		137,000
	Transfer payments
	First Nation Partnerships	2,000,000
	Ontario Taxpayer Rebate	1,000	2,001,000	149,382,300
	Tax Compliance and Benefits
	Salaries and wages		71,229,000
	Employee benefits		10,066,700
	Transportation and communication		2,767,100
	Services		20,320,200
	Supplies and equipment		2,203,300
	Transfer payments
	Wine Boutique Support Program	3,043,800
	Guaranteed Annual Income System	271,189,400
	Tax Compliance Partnership Agreements	20,000	274,253,200
	Subtotal		380,839,500
	Less: Recoveries		3,865,500	376,974,000
	Total Operating Expense to be Voted			526,356,300
1209-5	Taxation Policy
	Salaries and wages			8,432,400
	Employee benefits			1,398,800
	Transportation and communication			134,900
	Services			499,500
	Supplies and equipment			93,100
	Total Operating Expense to be Voted			10,558,700
1209-6	Provincial-Local Finance
	Salaries and wages			9,379,200
	Employee benefits			968,800
	Transportation and communication			181,200
	Services			23,186,000
	Supplies and equipment			115,000
	Total Operating Expense to be Voted			33,830,200
1209-7	Municipal Support Programs
	Transfer payments
	Ontario Municipal Partnership Fund		600,000,000
	Special Payments to Municipalities		17,437,900
	Temporary and other Local Assistance		250,000	617,687,900
	Total Operating Expense to be Voted			617,687,900
	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			1,239,149,000

Operating Assets
Vote- item number	Standard Account by Item and Sub-Items	Amount $
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	20,000,000
	Advances and recoverable amounts
Statutory	Advances, the Northern Services Boards Act	7,500,000
	Advances and recoverable amounts
Statutory	Advances, the Local Roads Boards Act	7,500,000
	Total Operating Assets for Tax, Benefits and Local Finance Program	36,500,000

Capital Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $
1209-3	Tax and Benefits
	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 Tax, Benefits and Local Finance Program	2,000

Capital Assets
Vote- item number	Standard Account by Item and Sub-Items	Amount $
1209-4	Tax and Benefits
	Business application software - asset costs	1,000
	Total Capital Assets to be Voted	1,000
	Total Capital Assets for Tax, Benefits and Local Finance Program	1,000

Building Ontario Fund Program - Vote 1215

The Building Ontario Fund Program is responsible for supporting the operations of the Building Ontario Fund, a board-governed provincial agency. The Building Ontario Fund’s mandate is to invest, and seek to attract investment from, qualified institutional investors, public sector entities, governments, and Indigenous communities, in Ontario infrastructure projects that will generate revenue and in the public interest.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
S	Building Ontario Fund, the Building Ontario Fund Act, 2024	1,000	15,101,000	(15,100,000)	6,160,000
	Total Statutory Appropriations	1,000	15,101,000	(15,100,000)	6,160,000
	Total Operating Expense	1,000	15,101,000	(15,100,000)	6,160,000

Standard accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $
	Statutory Appropriations
	Transfer payments
Statutory	Building Ontario Fund, the Building Ontario Fund Act, 2024	1,000
	Total Operating Expense for Building Ontario Fund Program	1,000

Alcohol Policy and Marketplace Modernization Program - Vote 1216

The Alcohol Policy and Marketplace Modernization Program is responsible for leading and coordinating the development of government policy related to beverage alcohol (including revenue generation, producer supports, trade, retail access), marketplace expansion and managing the accountability and oversight relationship between the government and the Liquor Control Board of Ontario (LCBO). In addition, the program manages the Ontario Deposit Return Program for beverage alcohol containers.

This program enables the ministry to work in an integrated way, across multiple streams and with many partners, on all key areas of alcohol policy, marketplace transformation and stakeholder engagement.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
1	Alcohol Policy Marketplace Implementation	9,474,200	103,767,400	(94,293,200)	135,497,100
	Total Operating Expense to be Voted	9,474,200	103,767,400	(94,293,200)	135,497,100
	Total Operating Expense	9,474,200	103,767,400	(94,293,200)	135,497,100

Standard accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $
1216-1	Alcohol Policy Marketplace Implementation
	Salaries and wages	4,363,000
	Employee benefits	500,000
	Transportation and communication	50,000
	Services	4,511,200
	Supplies and equipment	50,000
	Total Operating Expense to be Voted	9,474,200
	Total Operating Expense for Alcohol Policy and Marketplace Modernization Program	9,474,200

Treasury Program

The Treasury 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 credit rating agencies on their assessment and determination of the Province’s credit rating; and providing centralized financial services to the Province, including banking and cash management. The program also prepares financial reporting on the fiscal position of the Province to investors and the public, and provides financial analysis and support related to the electricity sector including debt and other liabilities, and monitoring the fiscal implications.

In addition, it co-manages, with Ontario Power Generation, the investment activities of the Ontario Nuclear Funds, and provides advice to government and broader public sector entities on financing initiatives, policies, and direct or indirect provincial liabilities. The program also provides a broad range of financial services to Ontario Electricity Financial Corporation and Infrastructure Ontario while continuing to support the government on key strategic priorities. The program administers provincial guarantees and loans by the Province, provides assistance in investments to its Crown Corporations and agencies; advises Crown agencies and other public bodies on financial policies and projects, invests on behalf of some public bodies, and arranges custodial and fiscal agency services for the Province and certain agencies.

This program also includes the Protect Ontario Account - Investment Fund, delivered by the Ontario Financing Authority, on behalf of the Province.

Vote Summary

Operating Expense
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
S	Interest and Other Debt Servicing Charges, the Financial Administration Act	16,958,354,000	16,054,231,700	904,122,300	14,776,087,924
S	Protect Ontario Account - Investment Fund, the Financial Administration Act	1,000	-	1,000	-
	Total Operating Expense	16,958,355,000	16,054,231,700	904,123,300	14,776,087,924

Operating Assets
Item number	Item	Estimates 2026-27 $	Estimates 2025-26 $	Difference Between 2026-27 and 2025-26 $	Actual 2024-25 $
S	Protect Ontario Account - Investment Fund, the Financial Administration Act	1,000	-	1,000	-
	Total Operating Assets	1,000	-	1,000	-

Standard accounts classification

Operating Expense
Vote- item number	Standard Account by Item and Sub-Items	Amount $	Amount $
Statutory	Statutory Appropriations Interest and Other Debt Servicing Charges, the Financial Administration Act
	Interest on Ontario Securities
	For general purposes	17,614,234,000
	Canada Pension Plan Investment Board	257,737,000	17,871,971,000
	Less: Interest Capitalized in Ministry Appropriations		250,116,000
	Less: Other interest, exchange, discount and commission		(246,326,000)
	Less: Interest on Investments		1,307,832,000
			16,560,349,000
	Interest on Debt Payable to Ontario Electricity Financial Corporation		398,005,000
	Statutory Appropriations
	Other transactions
Statutory	Protect Ontario Account - Investment Fund, the Financial Administration Act		1,000
	Total Operating Expense for Treasury Program		16,958,355,000

Operating Assets
Vote- item number	Standard Account by Item and Sub-Items	Amount $
	Statutory Appropriations
	Other Financial Assets
Statutory	Protect Ontario Account - Investment Fund, the Financial Administration Act	1,000
	Total Operating Assets for Treasury Program	1,000

Updated: April 22, 2026

Published: April 22, 2026

Footnotes

footnote[1] Back to paragraph Total Operating Expense includes Statutory Appropriations, Special Warrants and total operating expense to be voted.