Department of Finance Canada
Results and programs. GC InfoBase reports 31 programs of this department, in its Departmental Plans or its actual spending; 20 are current (in the latest plan or, for a program in no plan, with actual spending in the latest year).
- Actual spending, 2024-25
- $143B
- Planned, 2025-26 (latest plan)
- $150B
- Core responsibilities with indicators
- 1
Spending and employees
Totals of the department's programs: actual spending where reported, then the latest plan.
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2010-11 | — | $28.1B |
| 2011-12 | — | $28.2B |
| 2012-13 | — | $26.3B |
| 2013-14 | — | $85.6B |
| 2014-15 | — | $85.7B |
| 2015-16 | — | $87B |
| 2016-17 | — | $88.4B |
| 2017-18 | — | $90.3B |
| 2018-19 | — | $94.1B |
| 2019-20 | — | $98.8B |
| 2020-21 | — | $118B |
| 2021-22 | — | $106B |
| 2022-23 | — | $117B |
| 2023-24 | — | $136B |
| 2024-25 | — | $143B |
| 2025-26 | $150B* | — |
| 2026-27 | $216B* | — |
| 2027-28 | $229B* | — |
| 2028-29 | $178B* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2011-12 | — | 802 |
| 2012-13 | — | 779 |
| 2013-14 | — | 781 |
| 2014-15 | — | 765 |
| 2015-16 | — | 747 |
| 2016-17 | — | 746 |
| 2017-18 | — | 780 |
| 2018-19 | — | 810 |
| 2019-20 | — | 844 |
| 2020-21 | — | 877 |
| 2021-22 | — | 899 |
| 2022-23 | — | 924 |
| 2023-24 | — | 955 |
| 2024-25 | — | 976 |
| 2025-26 | 977* | — |
| 2026-27 | 936* | — |
| 2027-28 | 860* | — |
| 2028-29 | 826* | — |
Results at a glance
How many indicators met their target each year, as reported in the Departmental Results Reports. Source: GC InfoBase.
Core responsibility indicators
| Report year | Met | Not met | No result reported | Not yet due | Share met (of met and not met) |
|---|---|---|---|---|---|
| 2018-19 | 13 | 0 | 2 | 0 | 100% |
| 2019-20 | 10 | 0 | 5 | 0 | 100% |
| 2020-21 | 10 | 1 | 4 | 0 | 91% |
| 2021-22 | 10 | 1 | 4 | 0 | 91% |
| 2022-23 | 16 | 0 | 1 | 0 | 100% |
| 2023-24 | 15 | 0 | 2 | 0 | 100% |
| 2024-25 | 14 | 1 | 2 | 0 | 93% |
Program indicators
| Report year | Met | Not met | No result reported | Not yet due | Share met (of met and not met) |
|---|---|---|---|---|---|
| 2018-19 | 20 | 1 | 3 | 0 | 95% |
| 2019-20 | 19 | 1 | 4 | 0 | 95% |
| 2020-21 | 24 | 0 | 0 | 0 | 100% |
| 2021-22 | 23 | 0 | 0 | 0 | 100% |
| 2022-23 | 17 | 0 | 6 | 0 | 100% |
| 2023-24 | 17 | 0 | 6 | 0 | 100% |
| 2024-25 | 17 | 0 | 6 | 0 | 100% |
Results by core responsibility
Economic and Fiscal Policy (29 indicators)
Historical: targets against results
Employment rate among the population age 15 to 64 (ranking among the Organisation for Economic Co-operation and Development (OECD) countries)
2024-25Target: ≤ 15 (2025)Result: 15Met
Gross domestic product (GDP) per capita (ranking among the OECD countries)
2024-25Target: ≤ 15 (2025)Result: 14Met
Ratio of federal debt-to-gross domestic product (GDP)
2024-25Target: Stable over the medium-term (defined as the end of the 5-year projection period for the budget). (2025)Result: MetMet
Real disposable income across income groups
2024-25Target: Growth is broad-based across income groups. (2025)Result: Bottom 20 per cent: 1.2 per cent growth; Second 20 per cent: 1.4 per cent growth; Middle 20 per cent: 1.2 per cent growth; Fourth 20 per cent: 1.1 per cent growth; and Top 20 per cent: 1.0 per cent growth.Met
Tax rate on new business investment
2024-25Target: Lower than the G7 average (2025)Result: MetMet
Taxes on labour income
2024-25Target: Lower than the G7 average (2025)Result: MetMet
The annual federal budget includes an assessment of the impact of new expenditure and revenue measures on diverse groups of people.
2024-25Target: Presence of a clear "Gender Statement" in the annual budget document where the impact of budgetary measures is presented from a gender perspective. (2025)Result: not metNot met
Amount of Canada’s annual greenhouse gas emissions (Mt CO2 equivalent)
2024-25Target: 40-45% reduction in GHG emissions relative from 2005 levels by 2030. (2025)Result: 694 Mt CO2 eq in 2023. 8.6% below 2005Met
Canada’s overall score on the OECD Trade Facilitation Indicators
2024-25Target: ≥ 1.7 (2025)Result: 1.81Met
Canada’s sovereign rating
2024-25Target: Equal to or better than the G7 average. (2025)Result: Canada was the second highest rated among G7 countries, behind only GermanyMet
Degree to which Canadian priorities are reflected in initiatives at various international financial institutions to which the Department of Finance provided resources
2024-25Target: ≥ 4 (2025)Result: 4Met
Degree to which timely statutory federal transfer programs assist and support provincial and territorial governments in delivering important public services, including accessible and quality health care
2024-25Target: 5 (100% of payments reviewed did not reveal errors; 100 % of payments to provincial and territorial governments were made within the required time frames) (2025)Result: 5Met
General government net debt to gross domestic product (GDP) ratio
2024-25Target: Low by international standards defined as compared to G7 countries (2025)Result: MetMet
Percentage of leading international organizations and major ratings agencies that rate Canada’s financial policy framework as favourable
2024-25Target: 100% – 100% (2025)Result: 100%Met
Percentage of the Government’s borrowing requirements met within the fiscal year
2024-25Target: 100% – 100% (2025)Result: 100%Met
Degree to which payment issues identified with respect to tax agreements with provinces, territories and Indigenous governments are addressed
2024-25Target: ≤ 2 (2025)Result: —No result reported
Ranking of Canada’s financial sector in the World Economic Forum’s Global Competitiveness Report
2024-25Target: Above the G7 average. (2025)Result: Data not availableNo result reported
Canada’s ranking in the domestic market access pillar of the World Economic Forum Global Enabling Trade Report
2020-21Target: Best of G7 countries. (2021)Result: The World Economic Forum published the last edition of the biennial Global Enabling Trade Report in 2016. As a result, the data from this source is no longer available. For upcoming reporting cycles (starting in 2021-22), this indicator will be replaced by Canada’s overall score on the OECD Trade F…No result reported
Percentage of Finance Canada’s international assistance payments that are publicly reported on a monthly basis to support aid transparency
2020-21Target: 100% – 100% (2021)Result: 100%Met
Total business tax costs
2020-21Target: Lower than the G7 average. (2021)Result: Data not available. As outlined in the Departmental Plan of 2020-21, KPMG, the third party provider for this indicator, has discontinued its report on “Total business tax costs” since 2016. Consequently, results are unavailable for the 2018-19, 2019-20 and 2020-21 reporting periods. The Department…No result reported
Gross domestic product per capita (ranking among the Organisation for Economic Co-operation and Development countries)
2018-19Target: ≤ 15 (2019)Result: 14Met
Current: the 2026-27 plan's targets
Canadians and stakeholders have access to timely, clear, and reliable information on public finances, the economy, and tax expenditures, supporting transparency and informed public discourse
2026-27Target: Prepare and publish budget publications, fiscal monitor and annual financial results to support parliamentary oversight. Prepare the annual Report on Federal Tax Expenditure (RFTE) and coordinate its tabling with that of the Main Estimates to support parliamentary oversight. (2027)Result: —Planned
Employment rate among the population age 15 to 64 (ranking among the Organisation for Economic Co-operation and Development (OECD) countries)
2026-27Target: Ranking of at least 15th in annual employment rate among OECD countries (2027)Result: —Planned
Financial stability ranking in financial stability indices created by world leading credit rating agencies
2026-27Target: Equal or greater than the average score of G7 countries (2027)Result: —Planned
Gross domestic product (GDP) per capita (ranking among the OECD countries)
2026-27Target: Ranking among countries with the 15 highest levels of gross domestic product per capita (2027)Result: —Planned
Labour productivity
2026-27Target: Increase in Canada’s labour productivity relative to the G7 average compared to the previous year. (2027)Result: —Planned
Market share of small and medium banks
2026-27Target: The market share of small and medium-sized banks aligns more closely with the G7 average (2027)Result: —Planned
Provincial and territorial entitlements are determined in line with the provisions of the Federal-Provincial Fiscal Arrangements Act and its associated regulations and are communicated publicly.
2026-27Target: Canada’s legal obligations to make transfer payments to provincial and territorial governments are fulfilled. (2027)Result: —Planned
Ratio of federal debt-to-gross domestic product (GDP)
2026-27Target: Maintain Canada’s low net debt-to-GDP ratio when compared to G7 countries. A stable federal debt-to-GDP ratio over the medium term (2027)Result: —Planned
Real disposable income across income groups
2026-27Target: Growth is positive for all income groups (2027)Result: —Planned
Solid and sustained investor interest in new debt issuance
2026-27Target: Auction bid-to-cover ratio exceeds 1.2 for the fiscal year, on average (2027)Result: —Planned
Tax rate on new business investment
2026-27Target: Lower than the G7 average (2027)Result: —Planned
Taxes on labour income
2026-27Target: Lower than the G7 average (2027)Result: —Planned
The annual federal budget includes an assessment of the impact of new expenditure and revenue measures on diverse groups of people.
2026-27Target: A clear, accessible report outlining the gender, diversity and quality of life impacts of budget measures (2027)Result: —Planned
Unemployment rate
2026-27Target: 5.5% – 6.5% (2027)Result: —Planned
Future goals: targets due after 2026-27
No targets with a later due date.
Internal Services (0 indicators)
No indicators reported for this core responsibility.
Programs
| Program | Core responsibility | Status | Latest plan, first year | Last actual | Indicators |
|---|---|---|---|---|---|
| Fiscal Arrangements with Provinces and Territories · BUV08 | Economic and Fiscal Policy | New since an earlier plan | $100B 2026-27 | $40B 2024-25 | 2 |
| Market Debt and Foreign Reserves Management · BUV11 | Economic and Fiscal Policy | New since an earlier plan | $53.8B 2026-27 | $48.1B 2024-25 | 5 |
| Economic Development Policy · BUV03 | Economic and Fiscal Policy | New since an earlier plan | $3.52B 2026-27 | $2.38B 2024-25 | 2 |
| Commitments to International Financial Organizations · BUV10 | Economic and Fiscal Policy | New since an earlier plan | $408M 2026-27 | $555M 2024-25 | 2 |
| Tax Policy and Legislation · BUV01 | Economic and Fiscal Policy | New since an earlier plan | $32.9M 2026-27 | $31.2M 2024-25 | 2 |
| Financial Sector Policy · BUV05 | Economic and Fiscal Policy | New since an earlier plan | $22M 2026-27 | $24.2M 2024-25 | 2 |
| Management and Oversight Services · ISS01 | Internal Services | New since an earlier plan | $16.7M 2026-27 | $12.1M 2024-25 | 0 |
| Economic and Fiscal Policy, Planning and Forecasting · BUV02 | Economic and Fiscal Policy | New since an earlier plan | $14.2M 2026-27 | $14.6M 2024-25 | 4 |
| Communications Services · ISS02 | Internal Services | New since an earlier plan | $12M 2026-27 | $11.9M 2024-25 | 0 |
| International Trade and Finance Policy · BUV06 | Economic and Fiscal Policy | New since an earlier plan | $9.9M 2026-27 | $12.1M 2024-25 | 2 |
| Federal-Provincial Relations and Social Policy · BUV04 | Economic and Fiscal Policy | New since an earlier plan | $8.9M 2026-27 | $9.8M 2024-25 | 2 |
| Information Technology Services · ISS07 | Internal Services | New since an earlier plan | $7M 2026-27 | $10.7M 2024-25 | 0 |
| Human Resources Management Services · ISS04 | Internal Services | New since an earlier plan | $6.4M 2026-27 | $7.1M 2024-25 | 0 |
| Legal Services · ISS03 | Internal Services | New since an earlier plan | $5.2M 2026-27 | $6.1M 2024-25 | 0 |
| Financial Management Services · ISS05 | Internal Services | New since an earlier plan | $3.5M 2026-27 | $3.8M 2024-25 | 0 |
| Information Management Services · ISS06 | Internal Services | New since an earlier plan | $2.7M 2026-27 | $1.4M 2024-25 | 0 |
| Real Property Management Services · ISS08 | Internal Services | New since an earlier plan | $1.6M 2026-27 | $3.1M 2024-25 | 0 |
| Tax Collection and Administration Agreements · BUV09 | Economic and Fiscal Policy | New since an earlier plan | $947K 2026-27 | $814K 2024-25 | 2 |
| Acquisition Management Services · ISS0Z | Internal Services | New since an earlier plan | $749K 2026-27 | $912K 2024-25 | 0 |
| Materiel Management Services · ISS09 | Internal Services | New since an earlier plan | $257K 2026-27 | $216K 2024-25 | 0 |
| Canada Health Transfer · BUV07 | Economic and Fiscal Policy | Appeared and later dropped | $54.7B 2025-26 | $52.1B 2024-25 | 2 |
| PAA_FIN_BLJ06 · BLJ06 | A strong economy and sound public finances for Canadians. | No longer in the latest plan | $37.1B 2017-18 | $37.4B 2017-18 | 0 |
| PAA_FIN_BLJ01 · BLJ01 | A strong economy and sound public finances for Canadians. | No longer in the latest plan | $30.8B 2017-18 | $31.1B 2017-18 | 0 |
| Treasury and Financial Affairs · BLI00 | A strong economy and sound public finances for Canadians. | Not in a Departmental Plan | — | $21.2B 2017-18 | 0 |
| PAA_FIN_BLJ11 · BLJ11 | A strong economy and sound public finances for Canadians. | No longer in the latest plan | $493M 2017-18 | $523M 2017-18 | 0 |
| Economic and Fiscal Policy Framework · BLH00 | A strong economy and sound public finances for Canadians. | Not in a Departmental Plan | — | $77.8M 2017-18 | 0 |
| Internal Services · ISC00 | Internal Services | Not in a Departmental Plan | — | $44.2M 2017-18 | 0 |
| PAA_FIN_BLJ02 · BLJ02 | A strong economy and sound public finances for Canadians. | No longer in the latest plan | $612K 2017-18 | $611K 2017-18 | 0 |
| 00000 · 00000 | — | Not in a Departmental Plan | — | $19K 2012-13 | 0 |
| Transfer and Taxation Payment Programs · BLJ00 | — | Not in a Departmental Plan | — | — | 0 |
| PAA_FIN_BLJ09 · BLJ09 | A strong economy and sound public finances for Canadians. | No longer in the latest plan | $0 2017-18 | $0 2017-18 | 0 |
