Peter Bethlenfalvy

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The Honourable
Peter Bethlenfalvy
MPP
Peter Bethlenfalvy.jpg
Minister of Finance
Assumed office
December 31, 2020
PremierDoug Ford
Preceded byRod Phillips
President of the Treasury Board of Ontario
In office
June 29, 2018 – June 18, 2021
PremierDoug Ford
Preceded byEleanor McMahon
Succeeded byPrabmeet Sarkaria
Member of the Ontario Provincial Parliament
for Pickering—Uxbridge
Assumed office
June 7, 2018
Preceded byTracy MacCharles
Personal details
BornMontreal, Quebec, Canada
Political partyProgressive Conservative
OccupationFinancial executive
Websitepeterbethlenfalvympp.ca

Peter Bethlenfalvy is a Canadian businessman and politician who is the Ontario minister of finance since December 31, 2020.[1][2] 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, Quebec, to Hungarian immigrants.[3] He earned a bachelor's degree in physiology, a master's in business administration from McGill University, and a master of arts degree from the University of Toronto.[4]

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.[5]

Political career[]

He was elected to the Legislative Assembly of Ontario in the 2018 provincial election.[6] 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 won a majority mandate and on June 29, 2018, Bethlenfalvy was appointed president of the Treasury Board in Premier Doug Ford's Cabinet.[7]

In office, Bethlenfalvy has worked on projects such as a line-by-line review of government spending,[8] government modernization initiatives called the Smart Initiatives[9], and a public sector compensation limitation bill.[10]

Bethlanfalvy became finance minister after the controversial resignation of Rod Phillips on December 31, 2020.[2]

Electoral record[]

2018 Ontario general election
Party Candidate Votes %
Progressive Conservative Peter Bethlenfalvy 22,447 42.20
New Democratic Nerissa Cariño 17,033 32.02
Liberal Ibrahim Daniyal 10,851 20.40
Green Adam Narraway 2,105 3.96
Libertarian Brendan Reilly 273 0.51
Independent William Myers 194 0.36
Ontario Moderate Party Netalia Duboisky 111 0.21
Independent Michelle Francis 96 0.18
Independent Eric Sivadas 83 0.16
Total valid votes 53,193 100.0  
Progressive Conservative pickup new district.
Source: Elections Ontario[11]

References[]

  1. ^ Loriggio, Paolo. "'Together we will blaze a new trail,' says Ontario's new Premier Doug Ford". CTV News. Retrieved 29 June 2018.
  2. ^ a b Herhalt, Chris (December 31, 2020). "Rod Phillips resigns as Ontario finance minister following secret pandemic getaway". CTV News. Retrieved December 31, 2020.
  3. ^ "Transcript: Peter Bethlenfalvy: The Money Man | May 13, 2019 | TVO.org". www.tvo.org. Retrieved 2019-12-17.
  4. ^ "LinkedIn".
  5. ^ Calis, Kristen. "MPP-elect Peter Bethlenfalvy turns Pickering blue". DurhamRegion. Metroland Media. Retrieved 20 June 2018.
  6. ^ Henry, Michelle (June 7, 2018). "PCs sweep Durham, Ajax and Pickering-Uxbridge". Toronto Star.
  7. ^ "Full list of Doug Ford's new cabinet in Ontario". Retrieved 2019-12-17.
  8. ^ "Line-by-Line Review". news.ontario.ca. Retrieved 2019-12-17.
  9. ^ "Ontario streamlines transfer payments, moves to online-first driver's licence and health card renewals | The Star". thestar.com. Retrieved 2019-12-17.
  10. ^ "Ontario introduces legislation to limit compensation increases in the public sector". Emond Harnden. 2019-06-14. Retrieved 2019-12-17.
  11. ^ "Summary of Valid Votes Cast for each Candidate" (PDF). Elections Ontario. p. 8. Archived from the original (PDF) on 28 December 2018. Retrieved 20 January 2019.
Political offices
Ontario provincial government of Doug Ford
Preceded by President of the Treasury Board
June 29, 2018–present 		Incumbent
Preceded by Minister of Finance
December 31, 2020–present 		Incumbent
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