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{{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
{{Infobox government agency
|agency_name = Department of Finance Canada
| agency_name = Department of Finance Canada
|type = Department
| type = Department
| seal =
|nativename = {{lang|fr|Ministère des Finances Canada}}
| nativename = {{lang|fr|Ministère des Finances Canada}}
⚫
|image =
| logo = File:FinCan logo.svg
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|image_caption =
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| image =
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|agency_type = [[Ministry (government department)|Department]] responsible for
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| image_caption =
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| agency_type = [[Ministry (government department)|Department]] responsible for
*Economic and Fiscal Policy
*Economic and Fiscal Policy
*Economic Development and Corporate Finance
*Economic Development and Corporate Finance
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*Tax Policy
*Tax Policy
*Corporate Services
*Corporate Services
|jurisdiction = [[Government of Canada|Canada]]
| jurisdiction = [[Government of Canada]]
| 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>
|employees = 1,000
| 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 = [[Bill Morneau]]
| minister1_name = [[Dominic LeBlanc]]
|minister1_pfo = Minister of Finance
| minister1_pfo = [[Minister of Finance (Canada)|Minister of Finance]]
|minister2_name = [[Mona Fortier]]
| deputyminister1_name =
|minister2_pfo = Associate Minister of Finance
| chief1_name = Chris Forbes
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|formed = July 1, 1867
| chief1_position = Deputy Minister of Finance
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|dissolved =
| chief2_name =
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|website = {{url|http://www.fin.gc.ca/}}
| chief2_position =
| chief3_name =
| chief3_position =
| chief4_name =
| chief4_position =
| chief5_name =
| chief5_position =
| chief6_name =
| chief6_position =
| chief7_name =
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| formed = July 1, 1867
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| dissolved =
| chief7_position =
| chief8_name =
| chief8_position =
| chief9_name =
| chief9_position =
| parent_department =
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| website = {{url|https://fin.canada.ca/}}
}}
}}
'''Department of Finance Canada''' ({{lang-fr|Ministère des Finances Canada}}) operates under the [[Minister of Finance (Canada)|Minister of Finance]]. Its purpose is to ensure a healthy [[Economy of Canada|Canadian economy]] by developing policies of sound economic management and providing expert advice to the [[Government of Canada|government]].<ref>{{cite web|title=About Finance Canada|url=http://www.fin.gc.ca/afc/index-eng.asp|work=About Finance Canada|publisher=Finance Canada|accessdate=12 May 2011}}</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>
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The department is headquartered in the [[Jim Flaherty|James Michael Flaherty]] building in downtown [[Ottawa]] at the corner of Elgin and Albert.

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>

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


==Branches and sub-agencies==
==Branches and sub-agencies==
The Department is divided into several branches:
The department is divided into several branches:
* Economic and Fiscal Policy Branch
* Economic Policy Branch
* Fiscal Policy Branch
* Economic Development and Corporate Finance Branch
* Economic Development and Corporate Finance Branch
* Federal-Provincial Relations and Social Policy Branch
* Federal-Provincial Relations and Social Policy Branch
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*[[Canada Development Investment Corporation]]
*[[Canada Development Investment Corporation]]
*[[Royal Canadian Mint]]
*[[Royal Canadian Mint]]
*[[Public-private_partnerships_in_Canada|PPP Canada ]]


==Related legislation==
==Related legislation==
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* ''Excise Act''
* ''Excise Act''
* ''Excise Tax Act''
* ''Excise Tax Act''
* ''Proceeds of Crime (Money Laundering) Act''
* ''Proceeds of Crime (Money Laundering) and Terrorist Financing Act''
* ''Income Tax Conventions Implementation Act''
* ''Income Tax Conventions Interpretation Act''
* ''Payment Clearing and Settlement Act''
* ''Payment Clearing and Settlement Act''
* ''Financial Administration Act''
* ''Financial Administration Act''
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==External links==
==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}}
{{Government Departments of Canada}}

{{authority control}}


{{DEFAULTSORT:Department Of Finance Canada}}
{{DEFAULTSORT:Department Of Finance Canada}}
[[Category:Department of Finance Canada| ]]
[[Category:Department of Finance (Canada)| ]]
[[Category:Canadian federal departments and agencies]]
[[Category:Federal departments and agencies of Canada]]
[[Category:Finance ministries|Canada]]
[[Category:Ministries of finance|Canada]]
[[Category:Ministries established in 1867]]
[[Category:Ministries established in 1867]]
[[Category:1867 establishments in Canada]]
[[Category:1867 establishments in Canada]]

Latest revision as of 07:35, 20 December 2024

Department of Finance Canada
Ministère des Finances Canada
Department overview
FormedJuly 1, 1867
TypeDepartment 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
JurisdictionGovernment of Canada
Employees803 (March 2018)[1]
Annual budgetCA$94.1 billion (2018–19)[2]
Minister responsible
Department executive
  • Chris Forbes, Deputy Minister of Finance
Websitefin.canada.ca

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

[edit]

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:

[edit]

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

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