Ministry of Finance Canada Overview
The Ministry of Finance Canada or the Department of Finance Canada looks at the financial and economic affairs of the state of Canada. The Department of Finance Canada monitors all the aspects related to the economy of Canada.
Department of Finance Canada Branches
The Department of Finance Canada performs its functions through the following branches:
Economic and Fiscal Policy Branch
Tax Policy Branch
Economic Development and Corporate Finance Branch
Law Branch
Federal-Provincial Relations and Social Policy Branch
Corporate Services Branch
Financial Sector Policy Branch
Consultations and Communications Branch
- International Trade and Finance Branch
Department of Finance Canada Publications
The Department of Finance Canada brings out publications, that cover all aspects of the Canadian economy. These publications could be enlisted as below:
- Working Papers
- Annual Financial Report of the Government of Canada
- Sustainable Development Strategy
- Budget Information, including Economic and Fiscal Updates
- The Economy in Brief
- Fiscal Reference Tables
- The Fiscal Monitor - future release dates
- Implementation of Full Accrual Accounting in the Federal Government's Financial Statements: backgrounder
Department of Finance Canada Functions
The following functions are performed by the Department of Finance Canada:
- Works closely with other financial agencies
- Deals with issues affecting federal financial institutions - banks, for trust and loan and insurance companies, credit unions, pension plans, and all of their respective clients
- Helps to ensure that Canada has an effective regime to combat money laundering and the financing of terrorism
- Develops the rules and regulations that govern the institutions so they remain safe and sound and are responsive to consumers' needs
- Manage the debt and international reserves of the Government of Canada, in conjunction with the Bank of Canada, and we provide policy advice on activity in the domestic capital markets
- Conducts analysis of the many ways in which the financial sector is changing both in Canada and abroad