fbpx
Wikipedia

Department of Finance Canada

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]

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
  • Vacant, Deputy Minister of Finance
Websitefin.canada.ca

The department is responsible to Parliament through the minister of finance (Chrystia Freeland since August 2020,[4] concurrently serving as the deputy prime minister of Canada) and the associate minister of finance (Randy Boissonnault since October 2021, concurrently serving as the minister of tourism). 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.

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:

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

  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. ^ "Chrystia Freeland appointed Canada's finance minister". Financial Times. 18 August 2020. Archived from the original on 2022-12-10. Retrieved 2020-11-04.

External links edit

department, finance, canada, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, relies, largely, entirely, single, source, relevant, discussion, found, talk. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article relies largely or entirely on a single source Relevant discussion may be found on the talk page Please help improve this article by introducing citations to additional sources Find sources Department of Finance Canada news newspapers books scholar JSTOR October 2021 This article may contain excessive or inappropriate references to self published sources Please help improve it by removing references to unreliable sources where they are used inappropriately October 2021 Learn how and when to remove this template message This article may rely excessively on sources too closely associated with the subject potentially preventing the article from being verifiable and neutral Please help improve it by replacing them with more appropriate citations to reliable independent third party sources October 2021 Learn how and when to remove this template message Learn how and when to remove this template message The Department of Finance Canada French Ministere 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 Department of Finance CanadaMinistere des Finances CanadaDepartment overviewFormedJuly 1 1867TypeDepartment 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 ServicesJurisdictionGovernment of CanadaEmployees803 March 2018 1 Annual budgetCA 94 1 billion 2018 19 2 Minister responsibleChrystia Freeland Minister of FinanceDepartment executiveVacant Deputy Minister of FinanceWebsitefin wbr canada wbr ca The department is responsible to Parliament through the minister of finance Chrystia Freeland since August 2020 4 concurrently serving as the deputy prime minister of Canada and the associate minister of finance Randy Boissonnault since October 2021 concurrently serving as the minister of tourism 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 Quebec in May 2023 The department is headquartered in the James Michael Flaherty Building in downtown Ottawa at the corner of Elgin and Albert Contents 1 Branches and sub agencies 2 Related legislation 3 References 4 External linksBranches and sub agencies editThe 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 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 MintRelated legislation editActs 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 ActReferences edit 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 Chrystia Freeland appointed Canada s finance minister Financial Times 18 August 2020 Archived from the original on 2022 12 10 Retrieved 2020 11 04 External links editDepartment of Finance Canada Archived 2010 02 08 at the Wayback Machine Retrieved from https en wikipedia org w index php title Department of Finance Canada amp oldid 1199561785, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.