Department of Finance Canada

Department of Finance Canada
Ministère des Finances Canada
Department overview
FormedJuly 1, 1867
TypeDepartment 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
JurisdictionGovernment of Canada
Employees803 (March 2018)[1]
Annual budgetCA$94.1 billion (2018–19)[2]
Minister responsible
Department executive
  • Chris Forbes, Deputy Minister of Finance
Websitefin.canada.ca

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 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]

The department is responsible to Parliament through the minister of finance (Dominic LeBlanc since December 2024)[4] and the associate minister of finance (Randy Boissonnault since October 2021, concurrently serving as the minister of tourism).[5] The day-to-day operations of the department are directed by the deputy minister of finance (a public servant). Michael Sabia served as deputy minister until his departure to head Hydro-Québec in May 2023. Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023.[6]

Freeland announced her resignation as minister of finance on December 16, 2024.[7]

The department is headquartered in the James Michael Flaherty Building in downtown Ottawa at the corner of Elgin and Albert.

  1. ^ "GC InfoBase". www.tbs-sct.gc.ca. Retrieved 2020-11-04.
  2. ^ "GC InfoBase". www.tbs-sct.gc.ca. Retrieved 2020-11-04.
  3. ^ Smith, Alex (23 April 2009). "The Roles and Responsibilities of Central Agencies" (Background paper). Library of Parliament.
  4. ^ Al Mallees, Nojoud; Duggan, Kyle (2024-12-19). "Trudeau's 'fixer' Dominic LeBlanc steps up for prime minister in time of crisis". Toronto Star. The Canadian Press. Archived from the original on 2024-12-20. Retrieved 2024-12-20.
  5. ^ "Roles - Hon. Randy Boissonnault". House of Commons of Canada. Archived from the original on 2024-12-20. Retrieved 2024-12-20.
  6. ^ "Chris Forbes, Deputy Minister Department of Finance". Government of Canada. 2023-11-14. Archived from the original on 2023-12-01.
  7. ^ Major, Darren (2024-12-16). "Chrystia Freeland's unexpected resignation sparks stunned reactions from all sides". CBC News. Archived from the original on 2024-12-16. Retrieved 2024-12-16.

Department of Finance Canada

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