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 partyMinistry 1Alexander GaltJuly 1, 1867 November 7, 1867Liberal-Conservative1 (Macdonald) 2Sir John RoseNovember 18, 1867 September 29, 1869Liberal-Conservative 3Sir Francis HincksOctober 9, 1869 February 21, 1873Liberal-Conservative 4Samuel Leonard Tilley(1st time)February 22, 1873 November 5, 1873Liberal-Conservative 5Richard John CartwrightNovember 7, 1873 October 16, 1878Liberal2 (Mackenzie) (4)Sir Samuel Leonard Tilley(2nd time)October 17, 1878 November 11, 1885Liberal-Conservative3 (Macdonald) –VacantNovember 11, 1885 December 10, 1885 — 6Archibald McLelanDecember 10, 1885 January 27, 1887Conservative (historical) 7Sir Charles TupperJanuary 27, 1887 May 22, 1888Conservative (historical) 8George Foster(1st time)May 29, 1888 June 6, 1891Conservative (historical)June 16, 1891 November 24, 18924 (Abbott)December 5, 1892 December 12, 18945 (Thompson)December 21, 1894 January 6, 18966 (Bowell) –Mackenzie Bowell(Acting)January 6, 1896 January 15, 1896Conservative (historical) (8)George Foster(2nd time)January 15, 1896 April 27, 1896Conservative (historical)May 1, 1896 July 8, 18967 (Tupper) –VacantJuly 8, 1896 July 20, 1896 —8 (Laurier) 9William Stevens Fielding(1st time)July 20, 1896 October 6, 1911Liberal 10Sir Thomas WhiteOctober 10, 1911 August 2, 1919Conservative (historical)9•10 (Borden) 11Sir Henry Drayton(1st time)August 2, 1919 July 10, 1920Conservative (historical)July 10, 1920 December 29, 192111 (Meighen) (9)William Stevens Fielding(2nd time)December 29, 1921 September 5, 1925Liberal12 (King) 12James Robb(1st time)September 5, 1925 June 29, 1926Liberal –Sir Henry Drayton(2nd time; Acting)June 29, 1926 July 13, 1926Conservative (historical)13 (Meighen) 13Richard Bedford Bennett(1st time)July 13, 1926 September 25, 1926Conservative (historical) (12)James Robb(2nd time)September 25, 1926 November 11, 1929Liberal14 (King) 14Charles Avery DunningNovember 26, 1929 August 7, 1930Liberal (13)Richard Bedford Bennett(2nd time)August 7, 1930 February 2, 1932Conservative (historical)15 (Bennett) 15Edgar Nelson RhodesFebruary 3, 1932 October 24, 1935Conservative (historical) (14)Charles Avery Dunning(2nd time)October 24, 1935 September 6, 1939Liberal16 (King) 16James RalstonSeptember 6, 1939 July 4, 1940Liberal 17James Lorimer IlsleyJuly 8, 1940 December 10, 1946Liberal 18Douglas AbbottDecember 10, 1946 November 15, 1948LiberalNovember 15, 1948 June 30, 195417 (St. Laurent) 19Walter HarrisJuly 1, 1954 June 21, 1957Liberal 20Donald FlemingJune 21, 1957 August 9, 1962Progressive Conservative18 (Diefenbaker) 21George NowlanAugust 9, 1962 April 22, 1963Progressive Conservative 22Walter L. GordonApril 22, 1963 November 11, 1965Liberal19 (Pearson) 23Mitchell SharpNovember 11, 1965(Acting until Dec.18) April 20, 1968Liberal 24Edgar BensonApril 20, 1968 January 28, 1972Liberal20 (P. E. Trudeau) 25 John TurnerJanuary 28, 1972 September 10, 1975Liberal –Charles Drury(Acting)September 10, 1975 September 26, 1975Liberal 26Donald Stovel MacdonaldSeptember 26, 1975 September 16, 1977Liberal 27Jean ChrétienSeptember 16, 1977 June 4, 1979Liberal 28John CrosbieJune 4, 1979 March 3, 1980Progressive Conservative21 (Clark) 29Allan MacEachenMarch 3, 1980 September 10, 1982Liberal22 (P. E. Trudeau) 30Marc LalondeSeptember 10, 1982 June 30, 1984LiberalJune 30, 1984 September 17, 198423 (Turner) 31Michael WilsonSeptember 17, 1984 April 21, 1991Progressive Conservative24 (Mulroney) 32Don MazankowskiApril 21, 1991 June 25, 1993Progressive Conservative 33Gilles LoiselleJune 25, 1993 November 4, 1993Progressive Conservative25 (Campbell) 34Paul MartinNovember 4, 1993 June 2, 2002Liberal26 (Chrétien) 35John ManleyJune 2, 2002 December 12, 2003Liberal 36Ralph GoodaleDecember 12, 2003 February 6, 2006Liberal27 (Martin) 37Jim FlahertyFebruary 6, 2006 March 18, 2014Conservative28 (Harper) 38Joe OliverMarch 19, 2014 November 4, 2015Conservative 39Bill MorneauNovember 4, 2015 August 17, 2020Liberal29 (J. Trudeau) 40Chrystia FreelandAugust 18, 2020 December 16, 2024Liberal 41Dominic LeBlancDecember 16, 2024 March 14, 2025Liberal 42 François-Philippe ChampagneMarch 14, 2025 Incumbent Liberal30 (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.
Minister Tenure Prime Minister Mona Fortier 20 November 2019 26 October 2021 29 (J. Trudeau) Randy Boissonnault 26 October 2021 26 July 2023
See also Canadian federal budget References
External links Department of Finance Canada