Peter Bethlenfalvy is a Canadian businessman and politician who has been the
finance minister for Ontario since December 31, 2020.
Bethlenfalvy has sat in the Ontario Legislature as the
member of Provincial Parliament (MPP) for
Pickering—Uxbridge since the
2018 Ontario provincial election, representing the
Progressive Conservative (PC) Party. He served as
President of the Ontario Treasury Board from 2018 to 2021.
Early life and education
Bethlenfalvy was born in
Montreal
Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...
,
Quebec
Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...
, to Hungarian immigrants. He earned a bachelor's degree in physiology, a master's in business administration from
McGill University
McGill University (French: Université McGill) is an English-language public research university in Montreal, Quebec, Canada. Founded in 1821 by royal charter,Frost, Stanley Brice. ''McGill University, Vol. I. For the Advancement of Learning, ...
, and a master of arts degree from the
University of Toronto
The University of Toronto (UToronto or U of T) is a public university, public research university whose main campus is located on the grounds that surround Queen's Park (Toronto), Queen's Park in Toronto, Ontario, Canada. It was founded by ...
.
In business, Bethlenfalvy served as the chief investment officer at CST Consultants Inc. He has also held various other senior financial roles: senior vice-president of financial regulations at
Manulife Financial, co-president of DBRS Ltd. (where the agency downgraded Ontario's long- and short-term debt ratings in 2009) and as president and chief operating officer of
TD Securities in New York.
Political career
He was elected to the
Legislative Assembly of Ontario
The Legislative Assembly of Ontario (OLA; ) is the legislative chamber of the Canadian province of Ontario. Its elected members are known as Members of Provincial Parliament (MPPs). Bills passed by the Legislative Assembly are given royal as ...
in the
2018 provincial election. Pickering—Uxbridge was a new provincial riding for 2018. It was created out of parts of
Pickering—Scarborough East,
Ajax—Pickering and
Durham. The PC Party formed government and on June 29, 2018, Bethlenfalvy was appointed president of the Treasury Board in Premier
Doug Ford
Douglas Robert Ford Jr. (born November 20, 1964) is a Canadian politician and businessman who has served as the 26th and current premier of Ontario and leader of the Progressive Conservative Party since 2018. He represents the Toronto rid ...
's Cabinet.
In office, Bethlenfalvy has worked on projects such as a line-by-line review of government spending, government modernization initiatives, and controversially, Bill 124, which limits public sector compensation.
Bethlenfalvy became finance minister after the resignation of
Rod Phillips on December 31, 2020.
Electoral record
Cabinet Positions
References
{{DEFAULTSORT:Bethlenfalvy, Peter
Businesspeople from Montreal
Businesspeople from Ontario
Politicians from Montreal
Living people
Ministers of finance of Ontario
Members of the Executive Council of Ontario
Progressive Conservative Party of Ontario MPPs
Canadian people of Hungarian descent
People from the Regional Municipality of Durham
21st-century Canadian businesspeople
Year of birth missing (living people)
21st-century members of the Legislative Assembly of Ontario