Department of Finance (Canada)

hideThis article has multiple issues. Please help 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 by introducing citations to additional sources. Find sources:  –  ·  ·  · scholar · JSTOR (October 2018) This article may contain excessive or inappropriate references to self-published sources. Please help by removing references to unreliable sources where they are used inappropriately. (October 2018) (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 by replacing them with more appropriate citations to reliable, independent, third-party sources. (October 2018) (Learn how and when to remove this template message) (Learn how and when to remove this template message)

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)[1]
Annual budget	CA$94.1 billion (2018–19)[2]
Ministers responsible	Hon. Chrystia Freeland, Minister of Finance Hon. Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance
Department executive	Michael Sabia, Deputy Minister of Finance
Website	fin.canada.ca

The Department of Finance Canada (French: Ministère des Finances Canada) is a central agency of the Government of Canada, responsible to Parliament through the minister of finance. The department assists the minister 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]

Chrystia Freeland serves as the present finance minister assuming the role in August 2020 following the resignation of Bill Morneau.^[4] She concurrently serves as the deputy prime minister of Canada. The day-to-day operations of the department are directed by the deputy minister of finance (a public servant), presently Paul Rochon.^[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[]

The Department is divided into several branches:

• Economic and 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 Mint
• PPP Canada

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) 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[]

External links[]

• Department of Finance Canada