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The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation. Ontario Teachers' achieved a 11.1% one-year total-fund net return in 2021 and achieved its ninth consecutive fully funded year. [7]
The Education Quality and Accountability Office (EQAO) is a Crown agency of the Government of Ontario in Canada. It was legislated into creation [ 1 ] in 1996 in response to recommendations made by the Royal Commission on Learning in February 1995.
The Ontario Student Assistance Program (OSAP) (French: Régime d'aide financière aux étudiantes et étudiants de l'Ontario (RAFEO)) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a student is eligible to receive by ...
Prior to Confederation, the supervision of the education system and the development of education policy of Canada West were the responsibilities of the Department of Public Instruction. Founded in 1850, the department was headed by the chief superintendent of education, Egerton Ryerson , and reported to the Executive Council and the Legislative ...
Legislation regarding primary and secondary level education in Ontario is outlined in the Education Act. [38] As of 2021, two million children were enrolled as students within the province. [39] Elementary schools teach children enrolled in kindergarten and grades 1–8, while secondary schools teach adolescents in grades 9–12.
The Ontario Teachers' Pension Plan lost $19 billion in 2008. [4] Between 2008 and 2009, net assets fell to $87.4 billion from $108.5 billion. [4] In May 2016, CBC reported that the Ontario government since 2000 had given "$80.5 million to teachers' unions and the Ontario Teachers' Federation," after Ontario's auditor general performed an ...
In 2005, Bob Rae released a comprehensive review of postsecondary education entitled Ontario: A leader in learning, more commonly known as the Rae Report or Rae Review. The report included a recommendation to change the structure of higher education in Ontario by adding an independent and objective Council on Higher Education to monitor the dynamic changes of postsecondary institutions in ...
Ontario's Liberal government and the Ministry of Advanced Education and Skills Development embarked on the Reaching Higher plan for postsecondary education in the province beginning in 2005. The plan calls for a $6.2 billion investment in postsecondary education to address such issues as capacity, access, financial assistance and more ...