It espoused social credit theories of monetary reform.
In 1963, was split into two factions. "Social Credit Action" was established by James Audy and David Hartman of Toronto when the SCPO refused to actively campaign in the 1963 provincial election. Audy had been the Social Credit Party of Canada's candidate in Spadina riding in the previous election.
Social Credit Action supported Real Caouette when he took his Ralliement des creditistes out of the Social Credit Party of Canada in September 1963, while the SCPO remained loyal to federal party leader Robert N. Thompson.
Social Credit Action nominated six candidates in ridings in Toronto in the 1963 provincial election, while the SCPO nominated only three candidates in rural ridings. The Social Credit Action candidates included Audy, Hartman and John Ross Taylor.