The Department of Finance plays a central role in supporting the national dimensions of health and social programs that contribute greatly to the well-being of all Canadians. This includes managing over $50 billion in annual financial transfers that the Government of Canada provides to support the provincial and territorial provision of health, social and other programs, so that Canadians can enjoy comparable services at comparable tax rates regardless of where they live.
Through the budget process, the Department also plays a key role in the development of Government policies relating to aboriginal issues, labour markets, immigration, disability, health, justice, education, sport and culture. The Department also has core responsibilities related to important income support programs like Employment Insurance (EI), the Canada Pension Plan (CPP), and Old Age Security (OAS).
Canada's First Ministers agree to a new health plan to improve access to quality care for all Canadians.
Employment insurance (EI), the Canada Pension Plan (CPP) and more require federal government support. Finance Canada has a role in providing advice in these areas and in the financial support of federal social programs.