Department of Finance Canada: Difference between revisions

Department of Finance Canada
Ministère des Finances Canada
Department overview
Formed	July 1, 1867
Type	Department responsible for Economic and Fiscal Policy; Economic Development and Corporate Finance; Federal-Provincial Relations and Social Policy; Financial Sector Policy; International Trade and Finance; Tax Policy; Corporate Services;
Jurisdiction	Government of Canada
Employees	803 (March 2018)
Annual budget	CA$94.1 billion (2018–19)
Minister responsible	Dominic LeBlanc, Minister of Finance;
Department executive	Chris Forbes, Deputy Minister of Finance;
Website	fin.canada.ca

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The Department of Finance Canada (French: Ministère des Finances Canada) is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government on economic and financial issues. A principal role of the department is assisting the government in the development of its annual budget.^[3]

The department is responsible to Parliament through the minister of finance (Dominic LeBlanc since December 2024)^[4] and the associate minister of finance (Randy Boissonnault since October 2021, concurrently serving as the minister of tourism).^[5] The day-to-day operations of the department are directed by the deputy minister of finance (a public servant). Michael Sabia served as deputy minister until his departure to head Hydro-Québec in May 2023. Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023.^[6]

Freeland announced her resignation as minister of finance on December 16, 2024.^[7]

The department is headquartered in the James Michael Flaherty Building in downtown Ottawa at the corner of Elgin and Albert.

Branches and sub-agencies

The department is divided into several branches:

Economic Policy Branch
Fiscal Policy Branch
Economic Development and Corporate Finance Branch
Federal-Provincial Relations and Social Policy Branch
Financial Sector Policy Branch
International Trade and Finance Branch
Tax Policy Branch
Law Branch
Corporate Services Branch
Consultations and Communications Branch

Some of the sub-agencies under the Department include:

Related legislation

Acts and legislations under the Department:

Income Tax Act
Federal-Provincial Fiscal Arrangements Act
Customs Act
Customs Tariff Act
Excise Act
Excise Tax Act
Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Income Tax Conventions Interpretation Act
Payment Clearing and Settlement Act
Financial Administration Act
Special Import Measures Act
Bretton Woods and Related Agreements Act
European Bank for Reconstruction and Development Agreement Act

References

^ "GC InfoBase". www.tbs-sct.gc.ca. Retrieved 2020-11-04.
^ "GC InfoBase". www.tbs-sct.gc.ca. Retrieved 2020-11-04.
^ Smith, Alex (23 April 2009). "The Roles and Responsibilities of Central Agencies" (Background paper). Library of Parliament.
^ Al Mallees, Nojoud; Duggan, Kyle (2024-12-19). "Trudeau's 'fixer' Dominic LeBlanc steps up for prime minister in time of crisis". Toronto Star. The Canadian Press. Archived from the original on 2024-12-20. Retrieved 2024-12-20.
^ "Roles - Hon. Randy Boissonnault". House of Commons of Canada. Archived from the original on 2024-12-20. Retrieved 2024-12-20.
^ "Chris Forbes, Deputy Minister Department of Finance". Government of Canada. 2023-11-14. Archived from the original on 2023-12-01.
^ Major, Darren (2024-12-16). "Chrystia Freeland's unexpected resignation sparks stunned reactions from all sides". CBC News. Archived from the original on 2024-12-16. Retrieved 2024-12-16.

External links

Department of Finance Canada Archived 2010-02-08 at the Wayback Machine

[1] "GC InfoBase". www.tbs-sct.gc.ca. Retrieved 2020-11-04.

[2] "GC InfoBase". www.tbs-sct.gc.ca. Retrieved 2020-11-04.

[:0-3] Smith, Alex (23 April 2009). "The Roles and Responsibilities of Central Agencies" (Background paper). Library of Parliament.

[4] Al Mallees, Nojoud; Duggan, Kyle (2024-12-19). "Trudeau's 'fixer' Dominic LeBlanc steps up for prime minister in time of crisis". Toronto Star. The Canadian Press. Archived from the original on 2024-12-20. Retrieved 2024-12-20.

[5] "Roles - Hon. Randy Boissonnault". House of Commons of Canada. Archived from the original on 2024-12-20. Retrieved 2024-12-20.

[6] "Chris Forbes, Deputy Minister Department of Finance". Government of Canada. 2023-11-14. Archived from the original on 2023-12-01.

[:1-7] Major, Darren (2024-12-16). "Chrystia Freeland's unexpected resignation sparks stunned reactions from all sides". CBC News. Archived from the original on 2024-12-16. Retrieved 2024-12-16.

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@@ Line 1: / Line 1: @@
-{{multiple issues|
+{{multiple issues|{{self-published|date=October 2021}}
-{{one source|date=October 2018}}
+{{third-party|date=October 2021}}}}
-{{self-published|date=October 2018}}
-{{third-party|date=October 2018}}
-}}
 {{Infobox government agency
 | agency_name     = Department of Finance Canada
@@ Line 23: / Line 20: @@
 | employees       = 803 (March 2018)<ref>{{Cite web|title=GC InfoBase|url=https://www.tbs-sct.gc.ca/ems-sgd/edb-bdd/index-eng.html#orgs/dept/124/infograph/people|access-date=2020-11-04|website=www.tbs-sct.gc.ca|language=en}}</ref>
 | budget          = [[CA$]]94.1 billion (2018–19)<ref>{{Cite web|title=GC InfoBase|url=https://www.tbs-sct.gc.ca/ems-sgd/edb-bdd/index-eng.html#orgs/dept/124/infograph/financial|access-date=2020-11-04|website=www.tbs-sct.gc.ca|language=en}}</ref>
-| minister1_name  = [[Hon.]] [[Chrystia Freeland]]
+| minister1_name  = [[Dominic LeBlanc]]
 | minister1_pfo   = [[Minister of Finance (Canada)|Minister of Finance]]
-| minister2_name  = Hon. [[Randy Boissonnault]]
-| minister2_pfo   = [[Associate Minister of Finance]]
 | deputyminister1_name =
-| chief1_name     = [[Michael Sabia]]
+| chief1_name     = Chris Forbes
 | chief1_position = Deputy Minister of Finance
 | chief2_name     =
@@ Line 51: / Line 46: @@
 | website         = {{url|https://fin.canada.ca/}}
 }}
-The '''Department of Finance Canada''' ({{lang-fr|Ministère des Finances Canada}}) is a central agency of the [[Government of Canada]]. The department assists the [[Minister of Finance (Canada)|minister of finance]] in developing the government's fiscal framework and advises the government on economic and financial issues. A principal role of the department is assisting the government in the development of its [[Budget|annual budget]].<ref name=":0">{{Cite web|last=Smith|first=Alex|date=23 April 2009|title=The Roles and Responsibilities of Central Agencies|url=https://central.bac-lac.gc.ca/.item?id=2009-01-eng&op=pdf&app=Library|publisher=[[Library of Parliament]]|type=Background paper}}</ref>
+The '''Department of Finance Canada''' ({{langx|fr|Ministère des Finances Canada}}) is a central agency of the [[Government of Canada]]. The department assists the [[Minister of Finance (Canada)|minister of finance]] in developing the government's fiscal framework and advises the government on economic and financial issues. A principal role of the department is assisting the government in the development of its [[Budget|annual budget]].<ref name=":0">{{Cite web|last=Smith|first=Alex|date=23 April 2009|title=The Roles and Responsibilities of Central Agencies|url=https://central.bac-lac.gc.ca/.item?id=2009-01-eng&op=pdf&app=Library|publisher=[[Library of Parliament]]|type=Background paper}}</ref>
+The department is [[Responsible government|responsible]] to [[Parliament of Canada|Parliament]] through the [[Minister of Finance (Canada)|minister of finance]] ([[Dominic LeBlanc]] since December 2024)<ref>{{Cite web |last=Al Mallees |first=Nojoud |last2=Duggan |first2=Kyle |date=2024-12-19 |title=Trudeau’s ‘fixer’ Dominic LeBlanc steps up for prime minister in time of crisis |url=https://www.thestar.com/politics/federal/trudeaus-fixer-dominic-leblanc-steps-up-for-prime-minister-in-time-of-crisis/article_831d0a9f-b003-5e15-a429-62e9a2caf5eb.html |url-status=live |archive-url=https://web.archive.org/web/20241220072903/https://www.thestar.com/politics/federal/trudeaus-fixer-dominic-leblanc-steps-up-for-prime-minister-in-time-of-crisis/article_831d0a9f-b003-5e15-a429-62e9a2caf5eb.html |archive-date=2024-12-20 |access-date=2024-12-20 |website=[[Toronto Star]] |language=en |agency=[[The Canadian Press]]}}</ref> and the [[Associate Minister of Finance|associate minister of finance]] ([[Randy Boissonnault]] since October 2021, concurrently serving as the [[Minister of Tourism (Canada)|minister of tourism]]).<ref>{{Cite web |title=Roles - Hon. Randy Boissonnault |url=https://www.ourcommons.ca/members/en/randy-boissonnault(89147)/roles |url-status=live |archive-url=https://web.archive.org/web/20241220073215/https://www.ourcommons.ca/members/en/randy-boissonnault(89147)/roles |archive-date=2024-12-20 |access-date=2024-12-20 |website=[[House of Commons of Canada]]}}</ref> The day-to-day operations of the department are directed by the [[Deputy minister (Canada)|deputy minister]] of finance (a [[Public Service of Canada|public servant]]). [[Michael Sabia]] served as deputy minister until his departure to head [[Hydro-Québec]] in May 2023. Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023.<ref>{{Cite web |date=2023-11-14 |title=Chris Forbes, Deputy Minister Department of Finance |url=https://www.canada.ca/en/department-finance/corporate/organizational-structure/bios/deputy-minister.html |url-status=live |archive-url=https://web.archive.org/web/20231201044242/https://www.canada.ca/en/department-finance/corporate/organizational-structure/bios/deputy-minister.html |archive-date=2023-12-01 |website=[[Government of Canada]]}}</ref>
+Freeland announced her resignation as minister of finance on December 16, 2024.<ref name=":1">{{Cite news |last=Major |first=Darren |date=2024-12-16 |title=Chrystia Freeland's unexpected resignation sparks stunned reactions from all sides |url=https://www.cbc.ca/news/politics/politicians-react-freeland-resignation-1.7411497 |url-status=live |archive-url=https://web.archive.org/web/20241216185915/https://www.cbc.ca/news/politics/politicians-react-freeland-resignation-1.7411497 |archive-date=2024-12-16 |access-date=2024-12-16 |work=[[CBC News]]}}</ref>
-The department is [[Responsible government|responsible]] to [[Parliament of Canada|Parliament]] through the [[Minister of Finance (Canada)|minister of finance]] ([[Chrystia Freeland]] since August 2020,<ref>{{Cite news|title=Chrystia Freeland appointed Canada's finance minister|url=https://www.ft.com/content/5f80ad4c-bf58-408f-bdd5-ba5e583557a7 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/5f80ad4c-bf58-408f-bdd5-ba5e583557a7 |archive-date=2022-12-10 |url-access=subscription|access-date=2020-11-04|newspaper=Financial Times|date=18 August 2020 }}</ref> concurrently serving as the [[deputy prime minister of Canada]]) and the [[Associate Minister of Finance|associate minister of finance]] ([[Randy Boissonnault]] since October 2021, concurrently serving as the [[Minister of Tourism (Canada)|minister of tourism]]). The day-to-day operations of the department are directed by the [[Deputy minister (Canada)|deputy minister]] of finance (a [[Public Service of Canada|public servant]]), presently [[Michael Sabia]].<ref>{{Cite web|last=Times|first=The Hill|date=2020-09-21|title=Fabulous 50: most influential figures to watch in federal politics this fall|url=https://www.hilltimes.com/2020/09/21/fabulous-50-most-influential-figures-to-watch-in-federal-politics-this-fall/263650|access-date=2020-11-04|website=The Hill Times|language=en-CA}}</ref>
 The department is headquartered in the [[Jim Flaherty|James Michael Flaherty]] Building in downtown [[Ottawa]] at the corner of Elgin and Albert.
@@ Line 59: / Line 56: @@
 ==Branches and sub-agencies==
 The department is divided into several branches:
-* Economic and Fiscal Policy Branch
+* Economic Policy Branch
+* Fiscal Policy Branch
 * Economic Development and Corporate Finance Branch
 * Federal-Provincial Relations and Social Policy Branch
@@ Line 87: / Line 85: @@
 * ''Excise Act''
 * ''Excise Tax Act''
-* ''Proceeds of Crime (Money Laundering) Act''
+* ''Proceeds of Crime (Money Laundering) and Terrorist Financing Act''
 * ''Income Tax Conventions Interpretation Act''
 * ''Payment Clearing and Settlement Act''
@@ Line 99: / Line 97: @@
 ==External links==
-* [http://www.fin.gc.ca/ Department of Finance Canada]
+* [http://www.fin.gc.ca/ Department of Finance Canada] {{Webarchive|url=https://web.archive.org/web/20100208224739/http://www.fin.gc.ca/ |date=2010-02-08 }}
 {{Government Departments of Canada}}
@@ Line 108: / Line 106: @@
 [[Category:Department of Finance (Canada)| ]]
 [[Category:Federal departments and agencies of Canada]]
-[[Category:Finance ministries|Canada]]
+[[Category:Ministries of finance|Canada]]
 [[Category:Ministries established in 1867]]
 [[Category:1867 establishments in Canada]]

v t e Federal departments of Canada
Central agencies	Finance Office of the Prime Minister Privy Council Office Treasury Board of Canada Secretariat
Officers of Parliament	Auditor General Elections Canada Chief Electoral Officer Conflict of Interest and Ethics Commissioner Information Commissioner of Canada Commissioner of Official Languages Commissioner of Lobbying of Canada Parliamentary Budget Officer Privacy Commissioner of Canada Public Sector Integrity Commissioner
Ministerial departments	Agriculture and Agri-Food Canadian Heritage Crown–Indigenous Relations and Northern Affairs Employment and Social Development Environment and Climate Change Fisheries and Oceans Global Affairs Health Housing, Infrastructure and Communities Immigration, Refugees and Citizenship Indigenous Services Innovation, Science and Economic Development Justice National Defence Natural Resources Public Safety Public Services and Procurement Transport Veterans Affairs Women and Gender Equality
Other entities	Governor General of Canada Office of the Secretary to the Governor General Polar Knowledge Canada
Defunct	Canadian International Development Agency Department of Soldiers' Civil Re-establishment Passport Canada PPP Canada Solicitor General of Canada

Authority control databases
International	ISNI VIAF
National	Germany United States Czech Republic Israel
Other	IdRef