What We Do
Finance Canada is the primary source of economic and financial advice to the Minister of Finance and the Government of Canada. We interact with virtually every other federal department and agency and play a pivotal role in the analysis and design of public policy across the widest range of economic, financial, social and environmental issues.
The Work of Our Policy Branches
Finance has six policy branches that offer opportunities for you to pursue your areas of interest, apply your knowledge and skills, learn and grow, individually and as part of a team, and make a difference on issues that matter to Canadians:
Economic Development and Corporate Finance Branch
If you are interested in the interactions between the economy and the environment, investments in Canada's infrastructure and the competitiveness of Canadian industries, then working in the Economic Development and Corporate Finance Branch may be for you. The Branch is responsible for advising the Minister of Finance on a wide range of issues related to Canada's micro-economic policies, including analysis of potential Budget measures. Analysts in the Branch work closely with other departments and agencies on priority issues, which recently have included the environment and climate change, developments in economic sectors such as agriculture, manufacturing and forestry, investments in infrastructure, science and innovation, small business financing, and national defence.
Economic and Fiscal Policy
The Economic and Fiscal Policy Branch conducts in-depth analysis on Canada's economic and fiscal situation and outlook, and advises the Minister on all aspects of these issues. It is directly involved in the preparation and co-ordination of the Budget and Economic and Fiscal Updates, including the economic and fiscal forecasts that form the basis for medium-term planning. The Branch also undertakes analytical work on a wide range of economic and fiscal issues related to the Government's economic policies. Recent work includes studies on the U.S. housing adjustment and global financial crisis, the economic and fiscal implications of population aging, the implications of new growth theory for economic policy, the economics of climate change, and regional and sectoral adjustments in the Canadian economy.
Federal-Provincial Relations and Social Policy
Want to learn more about the way the Government manages fiscal relationships with its provincial and territorial counterparts while pursuing important social goals? From First Ministers' meetings to post-secondary education to income security programs to fiscal equalization, the Federal-Provincial Relations and Social Policy Branch gives you the opportunity of building a stronger society. Some of our recent activities have included contributing to ongoing federal-provincial discussions on the future of Canada's health care system and improvements to federal post-secondary student financial assistance programs and measures to support Aboriginal communities announced in recent Budgets.
Financial Sector Policy
ABCP meltdown! CSR development! FSF response! FATF Review! EFA! BIS! CPSS! SWF! CDO! LSS! CMBs! No, these are not text message short forms that kids use, lol. If you're interested in knowing what these acronyms mean, learning a language that no one else can understand, having your entire day (or year, as the case may be) disrupted by market events, all the while shaping the future role of Canada's financial sector, then this might be the opportunity you've been waiting for. The Branch's mission, should you choose to accept it, is “to serve the Canadian public interest by developing policies and providing advice to promote the integrity, soundness and competitiveness of the Canadian financial system, and ensure the effective management of the Government of Canada's financial assets and liabilities.” As such, we travel the world and the country, working with other branches, government departments, our regulatory agencies (such as OSFI, CDIC, FCAC, Fintrac, and the Bank of Canada), provinces, foreign governments, and the private sector to ensure that we continue to have a world class regulatory framework, that we are resilient in crises, that we can respond to rapidly changing developments, and that our financial institutions and markets are competitive, stable, responsive to consumers, efficiently allocating capital and risk, and functioning as the basis for all economic and financial activity in Canada.
International Trade and Finance
The International Trade and Finance Branch contributes to the development of Canada's international trade, development assistance and investment policies, and is responsible for monitoring and analyzing economies around the globe and developing and assessing international economic and financial policy proposals. The Branch participates, on behalf of the Department of Finance and the Government of Canada, in international organizations such as the International Monetary Fund, the World Bank, the World Trade Organization and the OECD. It also coordinates the participation of the Minister of Finance, Canada's G-7 Deputy and other senior departmental officials in the G-7, G-20 and other international processes. Key recent activities have included establishing new innovative mechanisms for Canada's foreign aid, advancing reform at the Bretton Woods institutions, and leading the negotiation of bilateral free trade agreements.
Want to apply your knowledge to how the tax system may contribute to advancing economic, social, or environmental objectives? Keen to provide input on how Canada can establish and maintain a competitive tax environment for investment and growth? Interested in the structure of personal income taxes and benefits and how it affects families with children, seniors, and persons with disabilities? Want to be part of the expert team that will shape the future of Canada's consumption taxes, such as the goods and services tax/harmonized sales tax, federal fuel taxes and the Green Levy? We are the Branch responsible for the development, implementation and evaluation of federal taxation policies and legislation. Our opportunities encompass research, quantitative analysis of the economic and fiscal impact of tax measures, development and analysis of policy proposals for the federal budget, interaction with provincial/territorial tax analysts, the drafting of amendments to tax law, and support of the legislative process in Parliament.
To view examples of our work, use the left-hand navigation under the heading Activities & Issues and Budgets.