Department of Finance Canada

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]

Department of Finance Canada

Ministère des Finances Canada
Department overview
Formed	July 1, 1867
Type	Department 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
Jurisdiction	Government of Canada
Employees	803 (March 2018)[1]
Annual budget	CA$94.1 billion (2018–19)[2]
Minister responsible	François-Philippe Champagne, Minister of Finance
Department executive	Chris Forbes, Deputy Minister of Finance
Website	fin.canada.ca

The department is responsible to Parliament through the minister of finance (François-Philippe Champagne since March 2025).^[4] The day-to-day operations of the department are directed by the deputy minister of finance (a public servant). Chris Forbes was appointed Deputy Minister of Finance on September 11, 2023.^[5]

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 Policy Branch
• 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 agencies under the finance portfolio include:

• Bank of Canada
• CPP Investment Board
• Office of the Superintendent of Financial Institutions
• Financial Consumer Agency of Canada
• Financial Transactions and Reports Analysis Centre of Canada
• Canada Deposit Insurance Corporation
• Canada Development Investment Corporation
• Royal Canadian Mint

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) and Terrorist Financing 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