# Peter Bethlenfalvy

Peter Bethlenfalvy MPP 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, Quebec, to Hungarian immigrants. 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.
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 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'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.
Bethlanfalvy became finance minister after the resignation of Rod Phillips on December 31, 2020.

## Electoral record

vte2022 Ontario general election: Pickering—Uxbridge :
| Party | Candidate | Votes | % | ±% |
| | Progressive Conservative | Peter Bethlenfalvy | 19,208 | 44.43 | +2.23 |
| | Liberal | Ibrahim Daniyal | 12,345 | 28.56 | +8.16 |
| | New Democratic | Khalid Ahmed | 6,934 | 16.04 | −15.98 |
| | Green | Julia Rondinone | 2,266 | 5.24 | +1.28 |
| | Ontario Party | Lisa Robinson | 1,790 | 4.14 | |
| | New Blue | Elizabeth Tallis | 543 | 1.26 | |
| | Ontario Centrist Party | Hasan Syed | 76 | 0.18 | |
| | Moderate | Netalia Duboisky | 70 | 0.16 | −0.05 |
| Total valid votes | Total valid votes | Total valid votes | 43,232 | 100.0 |
| Total rejected, unmarked, and declined ballots | Total rejected, unmarked, and declined ballots | Total rejected, unmarked, and declined ballots | 321 |
| Turnout | Turnout | Turnout | 43,553 | 45.29 |
| Eligible voters | Eligible voters | Eligible voters | 95,468 |
| | Progressive Conservative hold | Progressive Conservative hold | Swing | Swing | −2.96 |
| Source(s) "Summary of Valid Votes Cast for Each Candidate" (PDF). Elections Ontario. 2022. Archived from the original on 2023-05-18."Statistical Summary by Electoral District" (PDF). Elections Ontario. 2022. Archived from the original on 2023-05-21. |||||||
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 |
| | Moderate | Netalia Duboisky | 111 | 0.21 |
| | Independent | Michelle Francis | 96 | 0.18 |
| | Independent | Eric Sivadas | 83 | 0.16 |
| Total valid votes | Total valid votes | Total valid votes | 53,193 | 100.0 |
| | Progressive Conservative pickup new district. | Progressive Conservative pickup new district. | Progressive Conservative pickup new district. | Progressive Conservative pickup new district. | Progressive Conservative pickup new district. | Progressive Conservative pickup new district. | Progressive Conservative pickup new district. |
| Source: Elections Ontario |||||||

## Cabinet Positions

Political offices :
| Ontario provincial government of Doug Ford |||
| Preceded byEleanor McMahon | President of the Treasury Board June 29, 2018–present | Incumbent |
| Preceded byRod Phillips | Minister of Finance December 31, 2020–present | Incumbent |