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Minister of Finance (Canada)

Minister in the Cabinet of Canada

Minister in the Cabinet of Canada

FieldValue
postMinister of Finance
imageFrançois-Philippe Champagne - July 2024 - P064113-737690 (cropped).jpg
incumbentFrançois-Philippe Champagne
incumbentsinceMarch 14, 2025
departmentDepartment of Finance
styleThe Honourable
member_of
reports_to
appointerMonarch (represented by the governor general)
appointer_qualifiedon the advice of the prime minister
termlengthgenderp=~}}}} Majesty's pleasure
formationJuly 1, 1867
inauguralAlexander Galt
salaryCA$299,900 (2024)
website
native_nameMinistre des Finances

The minister of finance () 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.

François-Philippe Champagne is the 42nd and current finance minister, assuming the role March 14, 2025 as a member of the new 30th Canadian Ministry of Mark Carney.

Responsibilities

In addition to being the head of the Department of Finance, the minister of finance is also the minister responsible for:

  • Bank of Canada
  • Canada Deposit Insurance Corporation
  • Canada Development Investment Corporation
  • Canada Pension Plan Investment Board
  • Canadian International Trade Tribunal
  • Office of the Superintendent of Financial Institutions
  • Financial Transactions and Reports Analysis Centre of Canada
  • Mission to the International Monetary Fund (serving as "Governor" voter)
  • Serving as a permanent member of the Treasury Board of Canada

List of ministers

Key:

No.PortraitNameTerm of officePolitical partyMinistryCAConservative (historical)}};"1CAConservative (historical)}};"2CAConservative (historical)}};"3CAConservative (historical)}};"4CALiberal}}; color:white"5CAConservative (historical)}};"(4)–CAConservative (historical)}};"6CAConservative (historical)}};"7CAConservative (historical)}};"8CAConservative (historical)}};"–CAConservative (historical)}};"(8)–CALiberal}}; color:white"9CAConservative (historical)}};"10CAConservative (historical)}};"11CALiberal}}; color:white"(9)CALiberal}}; color:white"12CAConservative (historical)}};"–CAConservative (historical)}};"13CALiberal}}; color:white"(12)CALiberal}}; color:white"14CAConservative (historical)}};"(13)CAConservative (historical)}};"15CALiberal}}; color:white"(14)CALiberal}}; color:white"16CALiberal}}; color:white"17CALiberal}}; color:white"18CALiberal}}; color:white"19CAConservative (historical)}};"20CAConservative (historical)}};"21CALiberal}}; color:white"22CALiberal}}; color:white"23CALiberal}}; color:white"24CALiberal}}; color:white"25CALiberal}}; color:white"–CALiberal}}; color:white"26CALiberal}}; color:white"27CAConservative (historical)}};"28CALiberal}}; color:white"29CALiberal}}; color:white"30CAConservative (historical)}};"31CAConservative (historical)}};"32CAConservative (historical)}};"33CALiberal}}; color:white"34CALiberal}}; color:white"35CALiberal}}; color:white"36CAConservative}};"37CAConservative}};"38CALiberal}}; color:white"39CALiberal}}; color:white"40CALiberal}}; color:white"41CALiberal}}; color:white"42
[[Image:Sir Alexander Galt (cropped).jpg50px]]Alexander GaltJuly 1, 1867November 7, 1867Liberal-Conservative1 (Macdonald)
[[Image:Sir John Rose.jpg50px]]Sir John RoseNovember 18, 1867September 29, 1869Liberal-Conservative
[[Image:Sir Francis Hincks.jpg50px]]Sir Francis HincksOctober 9, 1869February 21, 1873Liberal-Conservative
[[Image:Samuel Leonard Tilley card.jpg50px]]Samuel Leonard Tilley
(1st time)February 22, 1873November 5, 1873Liberal-Conservative
[[Image:Richard John Cartwright.jpg50px]]Richard John CartwrightNovember 7, 1873October 16, 1878Liberal2 (Mackenzie)
[[Image:Samuel Leonard Tilley card.jpg50px]]Sir Samuel Leonard Tilley
(2nd time)October 17, 1878November 11, 1885Liberal-Conservative3 (Macdonald)
VacantNovember 11, 1885December 10, 1885—
[[Image:Archibald Woodbury McLelan.jpg50px]]Archibald McLelanDecember 10, 1885January 27, 1887Conservative (historical)
[[Image:Tupper Portrait.jpg50px]]Sir Charles TupperJanuary 27, 1887May 22, 1888Conservative (historical)
[[Image:George Eulas Foster.jpg50px]]George Foster
(1st time)May 29, 1888June 6, 1891Conservative (historical)
June 16, 1891November 24, 18924 (Abbott)
December 5, 1892December 12, 18945 (Thompson)
December 21, 1894January 6, 18966 (Bowell)
[[Image:SirMackenzieBowell.jpg50px]]Mackenzie Bowell
(Acting)January 6, 1896January 15, 1896Conservative (historical)
[[Image:George Eulas Foster.jpg50px]]George Foster
(2nd time)January 15, 1896April 27, 1896Conservative (historical)
May 1, 1896July 8, 18967 (Tupper)
VacantJuly 8, 1896July 20, 1896—8 (Laurier)
[[File:William Stevens Fielding, premier of Nova Scotia.jpg50px]]William Stevens Fielding
(1st time)July 20, 1896October 6, 1911Liberal
[[Image:Sir William Thomas White.jpg50px]]Sir Thomas WhiteOctober 10, 1911August 2, 1919Conservative (historical)9•10 (Borden)
[[Image:Henry Lumley Drayton.jpg50px]]Sir Henry Drayton
(1st time)August 2, 1919July 10, 1920Conservative (historical)
July 10, 1920December 29, 192111 (Meighen)
[[File:William Stevens Fielding, premier of Nova Scotia.jpg50px]]William Stevens Fielding
(2nd time)December 29, 1921September 5, 1925Liberal12 (King)
[[Image:James Alexander Robb.jpg50px]]James Robb
(1st time)September 5, 1925June 29, 1926Liberal
[[Image:Henry Lumley Drayton.jpg50px]]Sir Henry Drayton
(2nd time; Acting)June 29, 1926July 13, 1926Conservative (historical)13 (Meighen)
[[Image:Richard Bedford Bennett.jpg50px]]Richard Bedford Bennett
(1st time)July 13, 1926September 25, 1926Conservative (historical)
[[Image:James Alexander Robb.jpg50px]]James Robb
(2nd time)September 25, 1926November 11, 1929Liberal14 (King)
[[Image:People-Dunning.jpg50px]]Charles Avery DunningNovember 26, 1929August 7, 1930Liberal
[[Image:Richard Bedford Bennett.jpg50px]]Richard Bedford Bennett
(2nd time)August 7, 1930February 2, 1932Conservative (historical)15 (Bennett)
[[Image:Edgar Nelson Rhodes.jpg50px]]Edgar Nelson RhodesFebruary 3, 1932October 24, 1935Conservative (historical)
[[Image:People-Dunning.jpg50px]]Charles Avery Dunning
(2nd time)October 24, 1935September 6, 1939Liberal16 (King)
[[Image:James Ralston3.png50px]]James RalstonSeptember 6, 1939July 4, 1940Liberal
[[File:James Lorimer Ilsley1.jpg50px]]James Lorimer IlsleyJuly 8, 1940December 10, 1946Liberal
[[Image:Douglas Charles Abbott.jpg50px]]Douglas AbbottDecember 10, 1946November 15, 1948Liberal
November 15, 1948June 30, 195417 (St. Laurent)
[[Image:Walter Edward Harris.jpg50px]]Walter HarrisJuly 1, 1954June 21, 1957Liberal
[[File:Donald Fleming.jpg50px]]Donald FlemingJune 21, 1957August 9, 1962Progressive Conservative18 (Diefenbaker)
[[File:George Clyde Nowlan.jpg50px]]George NowlanAugust 9, 1962April 22, 1963Progressive Conservative
[[Image:Walter L. Gordon sitting on the corner of a desk (F0563 fl0036 it0002) (cropped).jpg50px]]Walter L. GordonApril 22, 1963November 11, 1965Liberal19 (Pearson)
[[File:Mitchell Sharp 1962 Toronto Star (Restored) (cropped 3-4).jpg50px]]Mitchell SharpNovember 11, 1965
(Acting until Dec.18)April 20, 1968Liberal
[[File:Edgar John Benson.jpg50px]]Edgar BensonApril 20, 1968January 28, 1972Liberal20 (P. E. Trudeau)
[[File:Finance Minister John Turner speaks to reporters 1975 (cropped).jpg50px]]John TurnerJanuary 28, 1972September 10, 1975Liberal
[[Image:No image.svg50px]]Charles Drury
(Acting)September 10, 1975September 26, 1975Liberal
[[Image:No image.svg50px]]Donald Stovel MacdonaldSeptember 26, 1975September 16, 1977Liberal
[[Image:Jean Chrétien1.jpg50px]]Jean ChrétienSeptember 16, 1977June 4, 1979Liberal
[[Image:Crosbie 1983-2 crop.jpg50px]]John CrosbieJune 4, 1979March 3, 1980Progressive Conservative21 (Clark)
[[File:Allan MacEachen.jpg50px]]Allan MacEachenMarch 3, 1980September 10, 1982Liberal22 (P. E. Trudeau)
[[Image:No image.svg50px]]Marc LalondeSeptember 10, 1982June 30, 1984Liberal
June 30, 1984September 17, 198423 (Turner)
[[Image:Diplomat Michael Wilson.png50px]]Michael WilsonSeptember 17, 1984April 21, 1991Progressive Conservative24 (Mulroney)
[[Image:No image.svg50px]]Don MazankowskiApril 21, 1991June 25, 1993Progressive Conservative
[[Image:No image.svg50px]]Gilles LoiselleJune 25, 1993November 4, 1993Progressive Conservative25 (Campbell)
[[Image:Paul Martin.jpg50px]]Paul MartinNovember 4, 1993June 2, 2002Liberal26 (Chrétien)
[[Image:John Manley IMF.jpg50px]]John ManleyJune 2, 2002December 12, 2003Liberal
[[Image:Ralph Goodale free alternative.jpg50px]]Ralph GoodaleDecember 12, 2003February 6, 2006Liberal27 (Martin)
[[Image:Jim Flaherty 2007.JPG50px]]Jim FlahertyFebruary 6, 2006March 18, 2014Conservative28 (Harper)
[[Image:Joe Oliver.JPG50px]]Joe OliverMarch 19, 2014November 4, 2015Conservative
[[File:Bill Morneau 2015.jpg50px]]Bill MorneauNovember 4, 2015August 17, 2020Liberal29 (J. Trudeau)
[[File:Chrystia Freeland in Ukraine - 2017 (cropped).jpg50 px]]Chrystia FreelandAugust 18, 2020December 16, 2024Liberal
[[File:Dominic LeBlanc 2023-03-06.jpg50px]]Dominic LeBlancDecember 16, 2024March 14, 2025Liberal
[[File:François-Philippe Champagne - July 2024 - P064113-737690 (cropped).jpg75x75px]]François-Philippe ChampagneMarch 14, 2025IncumbentLiberal30 (Carney)

Associate Minister of Finance

The associate minister of finance () was a member of the Canadian Cabinet who is responsible for various files within the Department of Finance Canada as assigned by the minister of finance.

This portfolio was introduced in the 29th Canadian ministry under Prime Minister Justin Trudeau.

MinisterTenurePrime Minister
CALiberalbackground}}Mona Fortier20 November 2019
Randy Boissonnault26 October 202126 July 2023

References

References

  1. "The Canadian Parliamentary system - Our Procedure - House of Commons".
  2. "Review of the Responsibilities and Accountabilities of Ministers and Senior Officials".
  3. (April 1, 2024). "Indemnities, Salaries and Allowances".
  4. (2017-01-19). "Treasury Board membership gets shuffled".
  5. "Review of the Responsibilities and Accountabilities of Ministers and Senior Officials".
  6. (April 11, 2018). "Indemnities, Salaries and Allowances".
  7. "The Canadian Parliamentary system - Our Procedure - House of Commons".
  8. "Who's who in Justin Trudeau's 2019 cabinet".
Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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