Manitoba Finance () is the department of finance for the Canadian province of

Manitoba Manitoba is a Provinces and territories of Canada, province of Canada at the Centre of Canada, longitudinal centre of the country. It is Canada's Population of Canada by province and territory, fifth-most populous province, with a population ...

. The Minister of Finance (; originally Provincial Treasurer) is the

cabinet minister A minister is a politician who heads a ministry, making and implementing decisions on policies in conjunction with the other ministers. In some jurisdictions the head of government is also a minister and is designated the ' prime minister', ' p ...

responsible for the department, as well as for managing the province's fiscal resources, overseeing

taxation A tax is a mandatory financial charge or levy imposed on an individual or legal person, legal entity by a governmental organization to support government spending and public expenditures collectively or to Pigouvian tax, regulate and reduce nega ...

policies, and allocating funds to other governmental departments. Every year, the minister submits a

budget A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...

to the

Legislature A legislature (, ) is a deliberative assembly with the legal authority to make laws for a political entity such as a country, nation or city on behalf of the people therein. They are often contrasted with the executive and judicial power ...

outlining anticipated expenditures and revenues for the next 12 months. The minister is also required to submit a completed financial report for the annual cycle just completed. The Finance portfolio is the oldest cabinet position in the province of Manitoba, even predating the office of

Premier Premier is a title for the head of government in central governments, state governments and local governments of some countries. A second in command to a premier is designated as a deputy premier. A premier will normally be a head of govern ...

by four years. Similarly, many regard the Finance Minister as the most important member of government, second only to the Premier. Prior to 1977, it was not considered unusual for Manitoba's provincial premiers to reserve the position of Treasurer or Finance Minister for themselves. In the 20th century,

John Bracken John Bracken (22 June 1883 – 18 March 1969) was a Canadian agronomist and politician who was the 11th and longest-serving premier of Manitoba (1922–1943) and later the leader of the Progressive Conservative Party of Canada (1942–194 ...

Stuart Garson Stuart Sinclair Garson (December 1, 1898 – May 5, 1977) was a Canadian politician and lawyer. He served as the 12th premier of Manitoba from 1943 to 1948, and later became a Federal cabinet minister. Life and career Born in St. Cathari ...

, Douglas L. Campbell, Dufferin Roblin, and

Edward Schreyer Edward Richard Schreyer (born December 21, 1935) is a Canadian politician, diplomat, and statesman who served as the 22nd governor general of Canada from 1979 to 1984. He previously served as the 16th premier of Manitoba from 1969 to 1977. Schr ...

all assumed this responsibility at one time or another. (Roblin was his own Treasurer for the entire extent of his term in office). No premier has taken this responsibility since 1977, and such a combination of responsibilities would now be considered very unlikely. The current Finance Minister of Manitoba is

Adrien Sala Adrien Sala (born January 18, 1980) is a Canadians, Canadian politician who has been the Minister of Finance (Manitoba), Minister of Finance for Manitoba since October 18, 2023. Sala is from Winnipeg, Manitoba and was first elected to the Legisl ...

of the

New Democratic Party The New Democratic Party (NDP; , ) is a federal political party in Canada. Widely described as social democratic,The party is widely described as social democratic: * * * * * * * * * * * * * The Editors of ''Encyclopædia Britann ...

Branches and divisions

Manitoba Finance includes the following special operating agencies, which present their own respective

annual report An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance. ...

s: * Entrepreneurship Manitoba (aka the Companies Office) — the registrar for information about corporations and

business name Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessar ...

s in Manitoba. The registry is publicly available to search. It is also responsible for the appointments and renewals of Commissioner for Oaths and Notary Publics. * Manitoba Financial Service Agency ** Financial Institutions Regulation Branch (FIRB) ** Manitoba Securities Commission * Public Guardian and Trustee Agency (under the Consumer Protection Division) — "manages and protects the affairs of Manitobans who are unable to do so themselves and have no one else willing or able to act," including

mentally incompetent In United States and Canadian law, competence concerns the mental capacity of an individual to participate in legal proceedings or transactions, and the mental condition a person must have to be responsible for his or her decisions or acts. Comp ...

and

vulnerable adult A vulnerable adult, sometimes called an incapacitated adult, is an adult who, due to mental or bodily disability, cannot take care of themselves without help from others. Causes Adults usually become vulnerable by cognitive impairment such a ...

s, children, and deceased estates. * Vital Statistics Agency (under the Consumer Protection Division) Other branches and divisions of Manitoba Finance include: * Communication and Engagement Division (CED) — leads government communications in Manitoba, supporting the work of all government departments and several Crown organizations to provide information to Manitobans. CED, acting as the Queen’s Printer of Manitoba, also publishes the ''Manitoba Gazette'' and other statutory publications; provides leadership and coordination of Manitoba’s style and visual identity; and ensures the effective administration and oversight of

Crown copyright Crown copyright is a type of copyright protection. It subsists in works of the governments of some Commonwealth realms and provides special copyright rules for the Crown, i.e. government departments and (generally) state entities.Judge, E. F. (201 ...

. ** Information and Privacy Policy Secretariat — responsible for central administration and coordination of '' The Freedom of Information and Protection of Privacy Act'' (FIPPA). * Finance Research Division — primarily responsible for intergovernmental fiscal relations,

economic An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...

and

fiscal policy In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variab ...

analysis, and the formulation of tax policy. ** Manitoba Bureau of Statistics * Manitoba Tax Assistance Office — provides information and assistance regarding Manitoba's

income tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ...

tax credit A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "dis ...

programs, and program applications. * Pension Commission — the Office of the Superintendent - Pension Commission is responsible for safeguarding employees’ rights to benefits promised under employment

pension plan A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a "Defined benefit pension pla ...

s as provided under pension benefits legislation. * Taxation Division — administers taxation legislation through information, compliance, audit, and enforcement programs, including: retail sales Tax, health and post secondary education

tax levy A tax levy under United States federal law is an administrative action by the Internal Revenue Service (IRS) under statutory authority, generally without going to court, to seize property to satisfy a tax liability. The levy "includes the power ...

, insurance corporations tax, corporation capital tax, tobacco tax,

fuel tax A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries, the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedica ...

, mining tax, and emissions tax on

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...

and

petroleum coke Petroleum coke, abbreviated coke, pet coke or petcoke, is a final carbon-rich solid material that derives from oil refinery, oil refining, and is one type of the group of fuels referred to as Coke (fuel), cokes. Petcoke is the coke that, in parti ...

. * Treasury Board Secretariat — coordinates the annual budget and estimates, prepares the public accounts for the Government of Manitoba and provides financial and analytical support as well as

strategic management In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of Resource management, resources ...

advice to the Minister of Finance and the Treasury Board * Treasury Division — manages and administers the cash resources, borrowing programs, and all

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

and

debt management Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government, company, or an individual. Commerc ...

activities of the provincial government.

Funeral Board of Manitoba

The Funeral Board of Manitoba (FBM) is a

not-for-profit A not-for-profit or non-for-profit organization (NFPO) is a Legal Entity, legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. While not-for-profit organizations and Nonprofit organ ...

regulatory organization concerned with

consumer protection Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent business ...

within Manitoba's

funeral A funeral is a ceremony connected with the final disposition of a corpse, such as a burial or cremation, with the attendant observances. Funerary customs comprise the complex of beliefs and practices used by a culture to remember and respect th ...

and

cemetery A cemetery, burial ground, gravesite, graveyard, or a green space called a memorial park or memorial garden, is a place where the remains of many death, dead people are burial, buried or otherwise entombed. The word ''cemetery'' (from Greek ...

services marketplace. Administering ''The Funeral Directors and Embalmers Act'', ''The Cemeteries Act'', and ''The Prearranged Funeral Services Act'', it is responsible for licensing all Manitoba

funeral director A funeral director, also known as an undertaker or mortician (American English), is a professional who has licenses in funeral arranging and embalming (or preparation of the deceased) involved in the business of funeral rites. These tasks o ...

s and

embalmers Embalming is the art and science of preserving human remains by treating them with embalming chemicals in modern times to forestall decomposition. This is usually done to make the deceased suitable for viewing as part of the funeral ceremony or ...

;

funeral home A funeral home, funeral parlor or mortuary is a business that provides burial, entombment and cremation services for the dead and their families. These services may include a prepared visitation and funeral, and the provision of a chapel for t ...

s; particular cemeteries and their sales persons; and prearranged funeral service plan providers. Through the 1967 ''Embalmers and Funeral Directors Act'' the Board was established as the Board of Administration to oversee Manitoba's funeral industry. The Act was amended and renamed in 2009 to ''The Funeral Directors and Embalmers Act'', which changed the Board's name to the Funeral Board of Manitoba.

Vital Statistics Agency

The Manitoba Vital Statistics Agency (VSA) is a special operating agency of the provincial government that is the civil registrar of Manitoba's

vital records Vital records are records of life events kept under governmental authority, including birth certificates, marriage licenses (or marriage certificates), separation agreements, divorce certificates or divorce party and death certificates. In some j ...

. More specifically, it is responsible for registering vital statistics (birth, death, marriage, stillbirth and change of name) in Manitoba and provides documents as proof of those events. While the Agency began operations on 1 April 1994, the provincial vital event registry dates to 1882. As such, with all records being held in

perpetuity In finance, a perpetuity is an annuity that has no end, or a stream of cash payments that continues forever. There are few actual perpetuities in existence. For example, the United Kingdom (UK) government issued them in the past; these were kno ...

for all Manitoba events, the database contains vital records information for the Province of Manitoba from 1882 to present. Nearly 4 million records are held in the database . The VSA reports to the

through the Minister of Finance, and is responsible for administering and enforcing Manitoba's ''Vital Statistics Act, Marriage Act, Change of Name Act'', as well as processing disinterments under ''The Public Health Act''. It is a member of the Vital Statistics Council for Canada (VSCC), which was established in 1945 as partnership of provincial/territorial vital event registrars and federal officials responsible for national statistics.

Manitoba Bureau of Statistics

The Manitoba Bureau of Statistics (MBS), a branch of the Finance Department's Finance Research Division, is the Manitoba government’s central

statistics Statistics (from German language, German: ', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a s ...

agency, tasked with compiling, managing, analyzing, coordinating, and disseminating of

demographic Demography () is the statistics, statistical study of human populations: their size, composition (e.g., ethnic group, age), and how they change through the interplay of fertility (births), mortality (deaths), and migration. Demographic analy ...

, and

social statistics Social statistics is the use of statistics, statistical measurement systems to study human behavior in a social environment. This can be accomplished through opinion poll, polling a group of people, evaluating a subset of data obtained about a gro ...

for the province. Operating under the provincial ''Statistics Act'', the Bureau addresses data and statistical requirements by collaborating with government departments and agencies; and, under a federal-provincial agreement, MBS is the designated contact and official liaison between the Government of Manitoba and the federal government's

Statistics Canada Statistics Canada (StatCan; ), formed in 1971, is the agency of the Government of Canada commissioned with producing statistics to help better understand Canada, its population, resources, economy, society, and culture. It is headquartered in ...

Manitoba Financial Services Agency

The Manitoba Financial Service Agency (MFSA; ) is a special operating agency of the Manitoba government responsible for administering and enforcing legislation for the

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

and

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

sectors, real estate and

mortgage broker A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, ...

s, credit unions/caisses populaires,

cooperative A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned a ...

s, and trust and

loan In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the deb ...

companies who operate in Manitoba. It comprises the Manitoba Securities Commission (MSC) and Financial Institutions Regulation Branch (FIRB). It is headed by a chief administrative officer, who is ''

ex officio An ''ex officio'' member is a member of a body (notably a board, committee, or council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by r ...

'' the Chair and

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of the MSC. As of at least 2020, the chief is David Cheop. The Agency administers the following provincial legislation: * ''The Securities Act'', C.C.S.M. c. S 5 0 * ''The Commodity Futures Act'', C.C.S.M. c. C152 * ''The Real Estate Brokers Act'', C.C.S.M. c. R20 * ''The Mortgage Brokers Act'', C.C.S.M. c. M210 * ''The Insurance Act'', C.C.S.M. c. I40 * ''The Credit Unions and Caisse Populaires Act'', C.C.S.M. c. C301 * ''The Cooperatives Act'', C.C.S.M. c. C223 * ''The Corporations Act'', C.C.S.M. c. C225, Part XXIV

Financial Institutions Regulation Branch

The Financial Institutions Regulation Branch (FIRB; , DRIF) is the body responsible for regulatory oversight to financial institutions and cooperatives operating in Manitoba, including the insurance sector, credit unions/caisses populaires, and trust and

companies. It is tasked with administering the provincial ''Insurance Act'', ''Credit Unions and Caisses Populaires Act'', and the ''Corporations Act'' (Part XXlV). The FIRB was created in April 2000 through the amalgamation of two branches under the Department of Consumers and Corporate Affairs: the Insurance Branch and the Trust, Cooperatives and Credit Union Regulation Branch. Since then, government restructuring has led to the FIRB being part of various departments; as of October 2012, FIRB was merged into the Manitoba Financial Services Agency (MFSA).

Manitoba Securities Commission

The Manitoba Securities Commission (MSC; ) is the securities regulatory authority of Manitoba. As a division of the Manitoba Financial Services Agency, it is an independent agency of the provincial government and its Chair reports to the legislature through the Minister of Finance. Following ''The Securities Act'', MSC was structured in its present form in 1968, divided into two branches: # the administrative or functional arm, consisting of full-time employees who conduct day-to-day operations. This arm includes 2 operating divisions of its own: #* the Securities division, which is organized into several operational sections—investigation, legal, registration & compliance,

corporate finance Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...

& continuous disclosure, finance & administration, and education/information. #* Real Estate division # Commission members, the policy-making body consisting of

Order-in-Council An Order in Council is a type of legislation in many countries, especially the Commonwealth realms. In the United Kingdom, this legislation is formally made in the name of the monarch by and with the advice and consent of the Privy Council ('' ...

appointees (maximum of 7) who meet regularly. The Chair presides at the Commission members' meetings and is also the

of the administrative arm.

Public Utilities Board

The Manitoba Public Utilities Board is an independent quasi-judicial administrative tribunal that regulates

public utilities A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and r ...

and designated monopolies. It has oversight and supervisory powers over the rates charged for electrical utility, auto insurance, gas and propane utilities, and all water and sewer utilities outside of Winnipeg. The Board is led by a chair and a vice-chair, appointed by the

Lieutenant Governor A lieutenant governor, lieutenant-governor, or vice governor is a high officer of state, whose precise role and rank vary by jurisdiction. Often a lieutenant governor is the deputy, or lieutenant, to or ranked under a governor — a "second-in-comm ...

. The chair has similar authority to that of a justice of the Manitoba Court of Queen's Bench or as the deputy minister for the Manitoba Justice. Board members, appointed by the chair, are tasked with carrying out the Board's legislative mandate. The PUB Chairperson reports to the Minister of Finance. The Board has regulated services under legislation since 1913, with the current ''Public Utilities Board Act'' being passed in 1959. In addition to the ''Public Utilities Board Act'', regulatory administration is provided through: * Centra Gas Manitoba Inc. (

natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...

distribution,

utility In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least two meanings. * In a normative context, utility refers to a goal or objective that we wish ...

rate setting) * ''Crown Corporations Governance and Accountability Act'' * ''Efficiency Manitoba Act'' * ''Gas Allocation Act'' * ''Gas Pipe Line Act'' (safety of natural gas and propane distribution) * ''Greater Winnipeg Gas Distribution Act'' (natural gas distribution franchise) *

Manitoba Hydro The Manitoba Hydro-Electric Board (), operating as Manitoba Hydro, is the electric power and natural gas public utility, utility in the province of Manitoba, Canada. Founded in 1961, it is a provincial Crown Corporation, governed by the Manitoba ...

(

electric utility An electric utility, or a power company, is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. Electric utilities are ...

rate setting) *

Manitoba Public Insurance Manitoba Public Insurance Corporation (MPI; ) is the non-profit organization, non-profit Crown corporations of Canada, Crown corporation which administers public auto insurance, motor vehicle registration, and driver's license, driver licensing in ...

(

auto insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury ...

rate setting) * ''Manitoba Water Services Board Act'' (appeals) * ''Municipal Act'' (water and sewer utility rate regulation, excluding Winnipeg) * Stittco Utilities Man Ltd. (propane distribution) * The City of Winnipeg Charter

Treasury Board

The Treasury Board of Manitoba is a Cabinet sub-committee responsible for the overall fiscal management and reporting of the provincial government, as well as the "establishment of policies required for the effective management of

public funds Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual o ...

to meet government objectives." The Treasury Board Secretariat of Manitoba provides financial and analytical support as well as

advice to the Minister of Finance and Treasury Board. The Secretariat is headed by a Deputy Minister who acts as Secretary to Treasury Board, currently Ann Ulusoy. It has been an independent

secretariat Secretariat may refer to: * Secretariat (administrative office) * Secretariat (horse) Secretariat (March 30, 1970 – October 4, 1989), also known as Big Red, was a champion American thoroughbred horse racing, racehorse who was the ninth winn ...

since 1987/88. Treasury Board Secretariat consists of the: * Office of the Secretary to Treasury Board, * Office of the Provincial Comptroller, * Fiscal Management and Capital Planning Division, * Analytical Division, * Strategic Initiatives Division, and the * Scorecards Division.

History

The Finance portfolio is the oldest cabinet position in the province, predating the office of Premier by four years; and the minister was styled as the Provincial Treasurer until 1969. The first Provincial Secretary in Manitoba was

Marc-Amable Girard Marc-Amable Girard (April 25, 1822 – September 12, 1892) was the second premier of Manitoba, and the first Franco-Manitoban to hold that post. The ''Canadian Parliamentary Guide'' lists Girard as having been Premier (or ''Chief Minister ...

, who was appointed to the position on 16 September 1870 by

Lieutenant-Governor A lieutenant governor, lieutenant-governor, or vice governor is a high officer of state, whose precise role and rank vary by jurisdiction. Often a lieutenant governor is the deputy, or lieutenant, to or ranked under a governor — a " second-in-com ...

Adams George Archibald Sir Adams George Archibald (May 3, 1814 – December 14, 1892) was a Canadian lawyer and politician, and a Father of Confederation. He was based in Nova Scotia for most of his career, though he also served as first Lieutenant Governor of Man ...

soon after his arrival in the province. Until January 1871, Girard and Provincial Secretary Alfred Boyd were the only members of Archibald's ministry. Since the introduction of partisan politics in 1888, all Manitoba Finance Ministers have belonged to the governing party of the day. During the coalition ministry that governed Manitoba from 1940 to 1950, the position was reserved for members of the dominant Liberal-Progressive Party. Prior to 1977, it was typical for Manitoba's provincial premiers to reserve the position of Treasurer or Finance Minister for themselves. In the 20th century,

, Douglas L. Campbell, Dufferin Roblin, and

generally accepted accounting principles Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders. Some firms operate on t ...

'', which had already been adopted in most other provinces. Following the 2019 provincial general election, Manitoba Finance underwent significant reorganization. While Central Services branched off as an independent department, the Finance department gained its Labour and Regulatory Services Division, the Consumer Protection Division, and Communications Services Manitoba, as well as the Vital Statistics Agency, Entrepreneurship Manitoba, and the Public Guardian and Trustee of Manitoba.

List of ministers of finance

References

{{Canada topic, Economy of

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 ...

Economy of Manitoba