About the OFA


The Ontario Financing Authority (OFA) was established as an agency of the Crown, on November 15, 1993, by the Capital Investment Plan Act, 1993 (the Act). In accordance with the Act, the OFA:

  • conducts borrowing, investment and financial risk management for the Province of Ontario (the Province);
  • manages the Provincial debt;
  • manages the Province’s key financial relationships with investors, financial institutions, rating agencies and public bodies;
  • 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;
  • with Ontario Power Generation Inc. (OPG), manages the investment activities of OPG’s Used Fuel Segregated Fund and Decommissioning Segregated Fund; and
  • carries out the day-to-day operations of Ontario Electricity Financial Corporation (OEFC) and provides a broad range of financial services to Ontario Infrastructure and Lands Corporation (Infrastructure Ontario).

The OFA’s Corporate and Electricity Finance Division is responsible for administering 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 OEFC and the implementation of the Ontario Nuclear Funds Agreement.