Transparency is the cornerstone to maintaining trust with investors, partners and the public. It is in this belief that Invest Ontario has made available detailed documentation about its operations and activities. In addition to its corporate documents this includes the Mandate Letter issued by the Minister of Economic Development, Job Creation and Trade as well as Invest Ontario’s Annual Business Plan.

Business Plan and Mandate Letter

The Invest Ontario Business Plans set out the strategic business objectives, performance targets and business strategy for the next five years. The Business Plan is guided by the Mandate Letter issued to Invest Ontario by Minister of Economic Development, Job Creation and Trade. These are updated annually and also informed by changes in market conditions and the Agency’s evolution.

Annual reports

The Invest Ontario Annual Reports highlight the Agency’s accomplishments and performance results for each respective fiscal year.

Memorandum of Understanding

The Memorandum of Understanding (MOU) is between the Chair of the Invest Ontario Board of Directors and the Minister of Economic Development, Job Creation and Trade. The MOU sets out the framework for accountability and the working relationships between the Minister, the Deputy Minister, the Chair, the Board of Directors, and the Chief Executive Officer. It ensures appropriate and adequate administrative, accountability, financial and reporting provisions are in place.

Financial statements

The financial statements are prepared by management in accordance with Canadian Public Sector Accounting Standards and audited by the Auditor General of Ontario (auditor of record for Invest Ontario).

Expense reports

The Ontario Public Service’s Travel, Meal and Hospitality Expenses Directive establishes rules and principles to ensure fair and reasonable practices in the reimbursement of expenses, including public disclosure of expense information for all designated persons.

Designated persons include:

  • Appointees (every person appointed to the public entity by the Lieutenant Governor in Council, the Lieutenant Governor or a minister);
  • CEOs (the most senior executive position, regardless of title); and
  • Every member of senior management that reports directly to the CEO.

Summary of expenses

Detailed list of expenses