The Minister of Finance, with the support of the Department of Finance, has broad responsibility for the overall stewardship of the Canadian economy, including working with organizations and partners to ensure a robust and secure financial sector.

Organizations that fall under the statutory responsibility of the Minister of Finance

The powers, duties, and functions of the Minister of Finance include the statutory responsibility for several Crown corporations and agencies, which are accountable to Parliament by reporting to the Minister of Finance.

Agencies

Crown corporations

Organizations that fall under the partial statutory responsibility of the Minister of Finance

The Minister of Finance also plays a role in several other organizations that fall under the responsibility of another minister, but where the powers, duties, and functions of the Minister of Finance still include specific statutory responsibilities – often to grant access to funding through the management of the Consolidated Revenue Fund.

Crown corporations

Other organizations

Other non-statutory obligations of the Minister of Finance

The Minister of Finance has also been assigned responsibility for organizations for which no minister is statutorily responsible, including:

Partners

The Minister and the Department of Finance works with a variety of partners both within Canada and abroad to support key economic and fiscal policy areas.

Provincial and territorial finance departments

The Minister and the Department of Finance have a long-established process for consultations with provinces and territories. The consultative process largely consists of meetings at various levels, including among Finance Ministers once or twice a year. Senior Department of Finance officials chair several committees that serve as a consultative venue for an exchange of ideas, including taxation, fiscal, and economic issues.

International groups and organizations

Canada is an open, rules-based trading nation and a respected player on the global economic stage. This means that Canada plays an active role as a member of several key global trade, development, economic, and financial forums, strengthening international relations and supporting discussions on a wide range of policy issues including economic resilience and economic security.

Groups

Organizations