Mandate
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 (the Province);
- manages the Province’s debt;
- provides financial and centralized cash management services for the Provincial government;
- 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;
- and invests on behalf of some public bodies.
The OFA also provides a broad range of financial services to Ontario Electricity Financial Corporation (OEFC) and Infrastructure Ontario (IO).
