The minister of finance () is the

minister of the Crown Minister of the Crown is a formal constitutional term used in Commonwealth realms to describe a minister of the reigning sovereign or viceroy. The term indicates that the minister serves at His Majesty's pleasure, and advises the sovereign ...

in the

Canadian Cabinet The Canadian Ministry ( French: ''Conseil des ministres''), colloquially referred to as the Cabinet of Canada (), is a body of ministers of the Crown that, along with the Canadian monarch, and within the tenets of the Westminster system, forms ...

, who is responsible for overseeing the Department of Finance and presenting the federal government's budget each year. It is one of the most important positions in the Cabinet.

François-Philippe Champagne François-Philippe Champagne (; born June 25, 1970) is a Canadian politician who has been Minister of Finance (Canada), Minister of Finance since March 14, 2025. A member of the Liberal Party of Canada, Liberal Party, Champagne was elected to the ...

is the 42nd and current finance minister, assuming the role March 14, 2025 as a member of the new

30th Canadian Ministry The Thirtieth Canadian Ministry is the Cabinet of Canada, cabinet chaired by Mark Carney, Prime Minister Mark Carney, and which has governed Canada since Justin Trudeau vacated the office. Following the 2025 Liberal Party of Canada leadership e ...

Mark Carney Mark Joseph Carney (born March 16, 1965) is a Canadian politician and economist who has served as the 24th and current Prime Minister of Canada, prime minister of Canada since 2025. He has served as Leader of the Liberal Party of Canada, lead ...

Responsibilities

In addition to being the head of the Department of Finance, the minister of finance is also the minister responsible for: *

Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, 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 Surve ...

Canada Deposit Insurance Corporation The Canada Deposit Insurance Corporation (CDIC; ) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' de ...

Canada Development Investment Corporation The Canada Development Investment Corporation (CDEV; ) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Canada, including making purchases and sales of assets on behalf of th ...

Canada Pension Plan Investment Board The Canada Pension Plan Investment Board (CPPIB; ), operating as CPP Investments (), is a Canadian Crown corporation established by way of the 1997 ''Canada Pension Plan Investment Board Act'' to oversee and invest the funds contributed to and h ...

Canadian International Trade Tribunal The Canadian International Trade Tribunal (CITT) is an independent quasi-judicial body operating in Canada's trade system. The administrative tribunal reports to Parliament through the Minister of Finance. The Tribunal was established on December ...

Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions (OSFI; , BSIF) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". ...

Financial Transactions and Reports Analysis Centre of Canada The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC; ) is the national financial intelligence agency of Canada. FINTRAC was established in 2000 under the Proceeds of Crime (Money Laundering) Act to facilitate detection a ...

*Mission to the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(serving as "Governor" voter) *Serving as a permanent member of the

Treasury Board of Canada The Treasury Board of Canada () is the Cabinet committee of the Privy Council of Canada which oversees the spending and operation of the Government of Canada and is the principal employer of the core public service. The committee is supported ...

List of ministers

Key:

References

External links

Department of Finance Canada
{{Cabinet of Canada

Finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

Department of Finance (Canada) 1867 establishments in Canada Ministries established in 1867