Department of Finance Canada

Department of Finance Canada
Ministère des Finances Canada
Department overview
Formed	July 1, 1867
Type	Departmentresponsible 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	Chrystia Freeland,Minister of Finance;
Department executive	Vacant,Deputy Minister of Finance;
Website	fin.canada.ca

TheDepartment of Finance Canada(French:Ministère des Finances Canada) is a central agency of theGovernment of Canada.The department assists theminister of financein 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 itsannual budget.^[3]

The department isresponsibletoParliamentthrough theminister of finance(Chrystia Freelandsince August 2020,^[4]concurrently serving as thedeputy prime minister of Canada) and theassociate minister of finance(Randy Boissonnaultsince October 2021, concurrently serving as theminister of tourism). The day-to-day operations of the department are directed by thedeputy ministerof finance (apublic servant).Michael Sabiaserved as deputy minister until his departure to headHydro-Québecin May 2023.

The department is headquartered in theJames Michael FlahertyBuilding in downtownOttawaat 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.Retrieved2020-11-04.
^"GC InfoBase".www.tbs-sct.gc.ca.Retrieved2020-11-04.
^Smith, Alex (23 April 2009)."The Roles and Responsibilities of Central Agencies"(Background paper).Library of Parliament.
^"Chrystia Freeland appointed Canada's finance minister".Financial Times.18 August 2020. Archived fromthe originalon 2022-12-10.Retrieved2020-11-04.

External links

Department of Finance Canada Archived2010-02-08 at theWayback Machine

[1] "GC InfoBase".www.tbs-sct.gc.ca.Retrieved2020-11-04.

[2] "GC InfoBase".www.tbs-sct.gc.ca.Retrieved2020-11-04.

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

[4] "Chrystia Freeland appointed Canada's finance minister".Financial Times.18 August 2020. Archived fromthe originalon 2022-12-10.Retrieved2020-11-04.

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v t e Federal departments, agencies, and Crown corporations of Canada
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