Department of Finance

… a core concept in Governance and Institutions and Atlas100

Click for Finance website

Click for Finance website

Concept description

The Department of Finance’s 2014-15 Departmental Performance Report (reference below) describes the Department’s role as follows:

“The Department of Finance Canada contributes to a strong economy and sound public finances for Canadians. It does so by monitoring developments in Canada and around the world to provide first-rate analysis and advice to the Government of Canada and by developing and implementing fiscal and economic policies that support the economic and social goals of Canada and its people. The Department also plays a central role in ensuring that government spending is focused on results and delivers value for taxpayer dollars. The Department interacts extensively with other federal organizations and acts as an effective conduit for the views of participants in the economy from all parts of Canada.

“Created in 1867, the Department of Finance Canada was one of the original departments of the Government of Canada and had as its primary functions bookkeeping, administering the collection and disbursement of public monies, and servicing the national debt. Today, the Department helps the Government of Canada develop and implement strong and sustainable economic, fiscal, tax, social, security, international and financial sector policies and programs. It plays an important central agency role, working with other departments to ensure that the government’s agenda is carried out and that ministers are supported with high-quality analysis and advice.

“The Department’s responsibilities include:

  • Preparing the federal Budget and the fall Update of Economic and Fiscal Projections;
  • Preparing the Annual Financial Report of the Government of Canada and, in cooperation with the Treasury Board of Canada Secretariat and the Receiver General for Canada, the Public Accounts of Canada;
  • Developing tax and tariff policy and legislation;
  • Managing federal borrowing on financial markets;
  • Designing and administering major transfers of federal funds to the provinces and territories;
  • Developing financial sector policy and legislation; and
  • Representing Canada in various international financial institutions and organizations.

“The Minister of Finance is accountable for ensuring that his responsibilities are fulfilled both within his portfolio and with respect to the authorities assigned through legislation.”

Organizational structure

Explanations for the role of the branches are found in the links below, from http://www.fin.gc.ca/afc/org-eng.asp (accessed 26 August 2016).

Minister: William Francis Morneau

Parliamentary Secretary: François-Philippe Champagne

Economic and Fiscal Policy Branch

  • Assistant Deputy Minister: Nicholas Leswick
  • General Director: Harriet Jackson

Economic Development and Corporate Finance Branch

  • Assistant Deputy Minister: Richard Botham
  • General Director: Ailish Campbell

Federal-Provincial Relations and Social Policy Branch

  • Acting Assistant Deputy Minister: Glenn Purves
  • General Director: Vacant

Financial Sector Policy Branch

  • Assistant Deputy Minister: Rob Stewart
  • General Director: Leah Anderson

International Trade and Finance Branch

  • Assistant Deputy Minister: Rick Stewart
  • General Director: Paul Samson

Tax Policy Branch

  • Senior Assistant Deputy Minister: Andrew Marsland
  • General Director (Legislation): Brian Ernewein
  • General Director (Analysis): Miodrag Jovanovic

Law Branch

  • Assistant Deputy Minister and Counsel: Sandra Hassan
  • General Counsel and Executive Director – General Legal Services Division: Cindy Shipton-Mitchell
  • General Counsel and Executive Director – Tax Counsel Division: Robert Wong

Corporate Services Branch

  • Acting Assistant Deputy Minister: Edward Poznanski

Consultations and Communications Branch

  • Assistant Deputy Minister: Pamela Aung-Thin
  • General Director: Max Guénette
Canadian Ministers of Finance since Confederation

The following table is from Wikipedia at https://en.wikipedia.org/wiki/Minister_of_Finance_(Canada), accessed 26 August 2016.

No. Portrait Name Term of office Political party Ministry
1 Sir Alexander Galt.jpg Alexander Galt July 1, 1867 November 7, 1867 Liberal-Conservative 1 (Macdonald)
2 Sir John Rose.jpg Sir John Rose November 18, 1867 September 30, 1869 Liberal-Conservative
3 Sir Francis Hincks.jpg Sir Francis Hincks October 9, 1869 February 21, 1873 Liberal-Conservative
4 Samuel Leonard Tilley 1864.jpg Samuel Leonard Tilley
(1st time)
February 22, 1873 November 5, 1873 Liberal-Conservative
5 Richard John Cartwright.jpg Richard John Cartwright November 7, 1873 October 16, 1878 Liberal 2 (Mackenzie)
(4) Samuel Leonard Tilley 1864.jpg Sir Samuel Leonard Tilley
(2nd time)
October 17, 1878 November 11, 1885 Liberal-Conservative 3 (Macdonald)
VACANT November 11, 1885 December 10, 1885
6 Archibald Woodbury McLelan.jpg Archibald McLelan December 10, 1885 January 27, 1887 Conservative (historical)
7 Tupper Portrait.jpg Sir Charles Tupper January 27, 1887 May 22, 1888 Conservative (historical)
8 George Eulas Foster.jpg George Foster
(1st time)
May 29, 1888 June 6, 1891 Conservative (historical)
June 16, 1891 November 24, 1892 4 (Abbott)
December 5, 1892 December 12, 1894 5 (Thompson)
December 21, 1894 January 6, 1896 6 (Bowell)
SirMackenzieBowell.jpg Mackenzie Bowell
(Acting)
January 6, 1896 January 15, 1896 Conservative (historical)
(8) George Eulas Foster.jpg George Foster
(2nd time)
January 15, 1896 April 27, 1896 Conservative (historical)
May 1, 1896 July 8, 1896 7 (Tupper)
VACANT July 8, 1896 July 20, 1896 8 (Laurier)
9 William Stevens Fielding, premier of Nova Scotia.jpg William Stevens Fielding
(1st time)
July 20, 1896 October 6, 1911 Liberal
10 Sir William Thomas White.jpg Sir Thomas White October 10, 1911 August 2, 1919 Conservative (historical) 910 (Borden)
11 Henry Lumley Drayton.jpg Sir Henry Drayton
(1st time)
August 2, 1919 July 10, 1920 Conservative (historical)
July 10, 1920 December 29, 1921 11 (Meighen)
(9) William Stevens Fielding, premier of Nova Scotia.jpg William Stevens Fielding
(2nd time)
December 29, 1921 September 5, 1925 Liberal 12 (King)
12 James Alexander Robb.jpg James Robb
(1st time)
September 5, 1925 June 29, 1926 Liberal
Henry Lumley Drayton.jpg Sir Henry Drayton
(2nd time; Acting)
June 29, 1926 July 13, 1926 Conservative (historical) 13 (Meighen)
13 Richard Bedford Bennett.jpg Richard Bedford Bennett
(1st time)
July 13, 1926 September 25, 1926 Conservative (historical)
(12) James Alexander Robb.jpg James Robb
(2nd time)
September 25, 1926 November 11, 1929 Liberal 14 (King)
14 People-Dunning.jpg Charles Avery Dunning November 26, 1929 August 7, 1930 Liberal
(13) Richard Bedford Bennett.jpg Richard Bedford Bennett
(2nd time)
August 7, 1930 February 2, 1932 Conservative (historical) 15 (Bennett)
15 Edgar Nelson Rhodes.jpg Edgar Nelson Rhodes February 3, 1932 October 24, 1935 Conservative (historical)
(14) People-Dunning.jpg Charles Avery Dunning
(2nd time)
October 24, 1935 September 6, 1939 Liberal 16 (King)
16 James Ralston3.png James Ralston September 6, 1939 July 4, 1940 Liberal
17 James Lorimer Ilsley1.jpg James Lorimer Ilsley July 8, 1940 December 10, 1946 Liberal
18 Douglas Charles Abbott.jpg Douglas Abbott December 10, 1946 November 15, 1948 Liberal
November 15, 1948 June 30, 1954 17 (St. Laurent)
19 Walter Edward Harris.jpg Walter Harris July 1, 1954 June 21, 1957 Liberal
20 Donald Fleming.jpg Donald Fleming June 21, 1957 August 9, 1962 Progressive Conservative 18 (Diefenbaker)
21 George Clyde Nowlan.jpg George Nowlan August 9, 1962 April 22, 1963 Progressive Conservative
22 No image.svg Walter L. Gordon April 22, 1963 November 11, 1965 Liberal 19 (Pearson)
23 No image.svg Mitchell Sharp November 11, 1965
(Acting until Dec.18)
April 20, 1968 Liberal
24 No image.svg Edgar Benson April 20, 1968 January 28, 1972 Liberal 20 (P. E. Trudeau)
25 Fmr CDN PM John Turner.jpg John Turner January 28, 1972 September 10, 1975 Liberal
No image.svg Bud Drury
(Acting)
September 10, 1975 September 26, 1975 Liberal
26 No image.svg Donald Stovel Macdonald September 26, 1975 September 16, 1977 Liberal
27 Jean Chrétien1.jpg Jean Chrétien September 16, 1977 June 4, 1979 Liberal
28 Crosbie 1983-2 crop.jpg John Crosbie June 4, 1979 March 3, 1980 Progressive Conservative 21 (Clark)
29 Allan MacEachen.jpg Allan MacEachen March 3, 1980 September 10, 1982 Liberal 22 (P. E. Trudeau)
30 No image.svg Marc Lalonde September 10, 1982 June 30, 1984 Liberal
June 30, 1984 September 17, 1984 23 (Turner)
31 Diplomat Michael Wilson.png Michael Wilson September 17, 1984 April 21, 1991 Progressive Conservative 24 (Mulroney)
32 No image.svg Don Mazankowski April 21, 1991 June 25, 1993 Progressive Conservative
33 No image.svg Gilles Loiselle June 25, 1993 November 4, 1993 Progressive Conservative 25 (Campbell)
34 Paul Martin.jpg Paul Martin November 4, 1993 June 2, 2002 Liberal 26 (Chrétien)
35 John Manley IMF.jpg John Manley June 2, 2002 December 12, 2003 Liberal
36 Ralph Goodale free alternative.jpg Ralph Goodale December 12, 2003 February 6, 2006 Liberal 27 (Martin)
37 Jim Flaherty 2007.JPG Jim Flaherty February 6, 2006 March 18, 2014 Conservative 28 (Harper)
38 Joe Oliver.JPG Joe Oliver March 19, 2014 November 4, 2015 Conservative
39 Bill Morneau 2015.jpg Bill Morneau November 4, 2015 Incumbent Liberal 29 (J. Trudeau)
Atlas topic, subject, and course

Machinery of Government (core topic) in Governance and Institutions and Atlas100 Governance and Institutions.

Source

Department of Finance, Departmental Performance Report 2014–15, http://www.fin.gc.ca/pub/dpr-rmr/2015/dpr-rmr-15-eng.asp#toc2, accessed 24 August 2016.

Page created by: Ian Clark, last modified on 26 August 2016.

Image: Finance Canada website at http://www.fin.gc.ca/fin-eng.asp, accessed 26 August 2016.