Ontario merging, axing provincial agencies to save $5.2 million

The Ontario government is merging and axing over a dozen of its agencies to save the province $5.2 million.

Under the Liberals’ austerity program, 14 agencies – including the Ontario Mortgage Corporation and the Ontario Mortgage and Housing Corporation – will be combined, folded into existing organizations, or cut completely.

Ontario will also begin selling off some of its assets, which include a bus parking lot at the Rogers Centre, when the Stadium Corporation of Ontario will be combined into the planned merger of Infrastructure Ontario and the Ontario Realty Corporation.

The Ontario Mortgage Corporation and the Ontario Mortgage and Housing Corporation will merge.

Eleven other agencies will disappear completely. They are:

  • Biopharmaceutical Investment Program Marketing Advisory Committee
  • Commodity Futures Advisory Board
  • Crown Timber Board of Examiners
  • Healing Arts Radiation Protection Commission
  • Northern Ontario Grow Bonds Corporation
  • North Pickering Development Corporation
  • Ontario, Eastern Ontario and Northern Ontario Development Corporation
  • Ontario Network of Excellence Advisory Committee
  • ORTECH Corporation
  • Social Assistance Review Board
  • Toronto Area Transit Operating Agency

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