Department of Finance Canada
| Ministère des Finances Canada | |
| Department overview | |
|---|---|
| Formed | July 1, 1867 |
| Type | Department responsible for
|
| Jurisdiction | Government of Canada |
| Employees | 803 (March 2018)[1] |
| Annual budget | CA$94.1 billion (2018–19)[2] |
| Minister responsible | |
| Department executive |
|
| Website | fin |
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 (François-Philippe Champagne since March 2025).[4] The day-to-day operations of the department are directed by the deputy minister of finance (a public servant). Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023.[5]
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 agencies under the finance portfolio include:
- Bank of Canada
- CPP Investment Board
- Office of the Superintendent of Financial Institutions
- Financial Consumer Agency of Canada
- Financial Transactions and Reports Analysis Centre of Canada
- Canada Deposit Insurance Corporation
- Canada Development Investment Corporation
- Royal Canadian Mint
Related legislation
[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 ]- ^ "GC InfoBase". www.tbs-sct.gc.ca. Retrieved November 4, 2020.
- ^ "GC InfoBase". www.tbs-sct.gc.ca. Retrieved November 4, 2020.
- ^ Smith, Alex (April 23, 2009). "The Roles and Responsibilities of Central Agencies" (Background paper). Library of Parliament.
- ^ Al Mallees, Nojoud; Duggan, Kyle (December 19, 2024). "Trudeau's 'fixer' Dominic LeBlanc steps up for prime minister in time of crisis". Toronto Star . The Canadian Press. Archived from the original on December 20, 2024. Retrieved December 20, 2024.
- ^ "Chris Forbes, Deputy Minister Department of Finance". Government of Canada . November 14, 2023. Archived from the original on December 1, 2023.
External links
[edit ]- Department of Finance Canada Archived February 8, 2010, at the Wayback Machine