The Department of Finance Canada (french: Ministère des Finances Canada) is a central agency of the

Government of Canada The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown ...

. 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. The department is responsible to

Parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: representing the electorate, making laws, and overseeing the government via hearings and inquiries. Th ...

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 represent ...

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 Edmonton C ...

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), 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 *

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 reporting to the Minister of Finance created "to contribut ...

* Financial Consumer Agency of Canada *

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 u ...

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 manufacture ...

* 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
{{DEFAULTSORT:Department Of Finance Canada Federal departments and agencies of Canada

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

Ministries established in 1867 1867 establishments in Canada