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Finance Canada develops policies and provides advice to the Government with the goal of creating a healthy economy for all Canadians. For example, it:
- Plans and prepares the federal government’s budget
- Analyzes and designs tax policies
- Develops regulations for Canada’s banks and other financial institutions
- Administers the transfer of federal funds to the provinces and territories
- Develops policies on international finance and helps design our country’s tariff policies
- Monitors economic and financial developments in Canada and provides policy advice on a wide range of economic issues
The Budget is a blueprint for how the Government wants to set the annual economic agenda for Canada. And it's the job of the Department of Finance to prepare it. The budget, usually tabled early in the year, is generally preceded in the fall by another major statement, the Economic and Fiscal Update.
If you want to know more about how budgets are tabled in the House of Commons, what happens to budgets after they are tabled, and how they fit into the government's annual financial cycle, check out this related information on the Parliamentary website.
Archived Budget Documents (2012 - 1968)