contest the 2013 Liberal leadership convention to choose McGuinty's successor. Sousa came in fifth place with 9.8% of the vote on the second ballot after which he withdrew to endorse Kathleen Wynne who went on to win the leadership of the party and the title of Premier of Ontario. In February 2013, when Wynne officially took over as Premier, she named Sousa as her Minister of Finance. In May 2013, Sousa also assumed the role of Management Board Chair when Harinder Takhar suffered a minor heart attack. Sousa was defeated in the 2018 provincial election in the renamed riding of Mississauga—Lakeshore by businessman Rudy Cuzzetto. Following his defeat, he considered running in the 2018 election for Peel Region chair, though he ultimately sat the race out in order to avoid splitting the vote with Bob Delaney, the former Liberal MPP for Mississauga—Streetsville. Following Wynne's 2018 resignation, Sousa was seen as a possible candidate in the subsequent leadership election, though he declined to run. Minister of Finance As Minister of Finance, Sousa developed five deficit budgets and one balanced budget, including: A Prosperous & Fair Ontario (2013); Building Opportunity, Securing Our Future (2014); Building Ontario Up (2015); Jobs for Today and Tomorrow (2016); A Stronger, Healthier Ontario (2017); 2018 Ontario Budget: A Plan for Care and Opportunity; and corresponding Fall Economic Statements. In 2014 and in 2017, Sousa also tabled a Long Term Report on the Ontario Economy. He led Ontario's biggest shakeup to beverage alcohol retailing since Prohibition ended in 1927 by introducing beer and cider to grocery stores, and later wine. Sousa spearheaded Ontario's leadership on increasing personal contributions and benefits to the Canadian Pension Plan, which ultimately led to a national agreement in principle to enhance the Canada Pension Plan. The Government of Ontario previously intended on introducing a provincial pension plan if the CPP was not expanded. He has also led the establishment of the Cooperative Capital Markets Regulator. Under Sousa's mandate, the Trillium Trust was put in place to support the largest investment in public infrastructure in Ontario's history: $160 billion over 12 years, supporting 110,000 jobs across the province every year. In February 2016, Sousa claimed the government intends to balance the $137 billion budget in 2017–2018 following nine consecutive deficits for the province. Most recently, the 2016 Budget announced an improved deficit target of 4.3 billion in 2016–2017, a return to balance in 2017–2018