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 A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

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 A budget is a calculation play, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmenta ...

. The department is responsible to Parliament through the

(

Chrystia Freeland Christina Alexandra Freeland (born August 2, 1968) is a Canadian politician serving as the tenth and current deputy prime minister of Canada since 2019 and the minister of finance since 2020. A member of the Liberal Party, Freeland represen ...

since August 2020, concurrently serving as the deputy prime minister of Canada) and the associate minister of finance (

Randy Boissonnault Randy Paul Andrew Boissonnault (born July 14, 1970) is a Canadian politician who has served as Minister of Tourism and Associate Minister of Finance since October 26, 2021. A member of the Liberal Party, he represents the riding of Edmonto ...

since October 2021, concurrently serving as the

minister of tourism The Minister of Tourism is the head of the governmental department that specializes in tourism, recreation and/or culture. The position exists in many different countries under several names: *Ministry of Tourism and Environment (Albania) * Minist ...

). The day-to-day operations of the department are directed by the deputy minister of finance (a public servant), presently

Michael Sabia Michael may refer to: People * Michael (given name), a given name * Michael (surname), including a list of people with the surname Michael Given name "Michael" * Michael (archangel), ''first'' of God's archangels in the Jewish, Christian an ...

. 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 The Bank of Canada (BoC; french: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the '' Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surveys: ...

CPP Investment Board The Canada Pension Plan Investment Board (CPPIB; french: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (french: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 ''Cana ...

Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions (OSFI; french: Bureau du surintendant des institutions financières, BSIF) is an independent agency of the Government of Canada The government of Canada (french: gouvernement du Canada ...

Financial Consumer Agency of Canada The Financial Consumer Agency of Canada (FCAC) is an agency of the Government of Canada that enforces consumer protection legislation, regulations and industry commitments by federally regulated financial entities. It also provides programs and ...

Financial Transactions and Reports Analysis Centre of Canada The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC; french: Centre d'analyse des opérations et déclarations financières du Canada) is the national financial intelligence agency of Canada. FINTRAC was established in 2000 ...

Canada Deposit Insurance Corporation The Canada Deposit Insurance Corporation (CDIC; french: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and ...

Canada Development Investment Corporation The Canada Development Investment Corporation (CDEV; french: Corporation de développement des investissements du Canada) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Can ...

Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufactures ...

PPP Canada PPP Canada (Public-Private Partnerships Canada) (french: Partenariats Public-Privés Canada) was a Crown Corporation responsible for promoting and facilitating Public-private partnerships (PPP, P3), operating under Infrastructure Canada. It was ...

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
{{DEFAULTSORT:Department Of Finance Canada Federal departments and agencies of Canada Canada Ministries established in 1867 1867 establishments in Canada