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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 ...
Department of Finance Canada (2022). Annual Financial Report of the Government of Canada, 2021–2022 (PDF). Ottawa: Department of Finance Canada. ISSN 1487-0428; Department of Finance Canada (2021). Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience (PDF). Ottawa: Department of Finance Canada. ISSN 1719-7740
Department of Finance (7 April 2022). Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable (PDF). Ottawa: Government of Canada; Department of Finance (7 April 2022). Tax Measures: Supplementary information (PDF). Ottawa: Government of Canada
The minister of finance (French: ministre des Finances) is the minister of the Crown in the Canadian Cabinet, who is responsible for overseeing the Department of Finance and presenting the federal government's budget each year. It is one of the most important positions in the Cabinet.
The budget is announced in the House of Commons by the Minister of Finance, who traditionally wears new shoes while doing so. [1] The Budget is then voted on by the House of Commons. Budgets are a confidence measure, and if the House votes against it the government can fall, as happened to Prime Minister Joe Clark's government in 1980.
Canada uses tax brackets to determine an individual's tax obligations, the rates of which are set by the Department of Finance. Personal income taxes are levied by both the federal government and provincial governments, each with separate rates, but are collected together with the exception of Quebec. [citation needed]
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Ottawa is raising to from 2% to 3% the yearly escalator clause in the Department of National Defence's budget. [8] ... Department of Finance Canada. 21 April 2015