Department of Finance Canada
What Department of Finance Canada spent in fiscal year 2013-14: its net expenditure by standard object, from the Public Accounts of Canada, Volume II.
Reports through Finance; the overview shows it in that ministry.
What Department of Finance Canada does
The Department of Finance (Finance Canada) is a central federal department responsible for overseeing the nation's economic and fiscal policies, ensuring financial stability, and managing the government's fiscal framework. Established in 1867 as one of the original departments following Confederation, it advises the Prime Minister and Cabinet on economic matters, develops tax and tariff policies, and prepares the annual federal budget.
Spending, 2013-14
Net spending, 2013-14
$85.6B
spent by Department of Finance Canada, less revenues it kept
Share, 2013-14
37.2%
of the net spending of every federal organization
How did Department of Finance Canada spend its budget in 2013-14?
By standard object. Revenues it kept are negative and netted against its spending. Transfer payments are broken into their largest named programs.
Spending by standard object, 2013-14
Transfer payments
Public debt charges
Other subsidies and payments
Utilities, materials and supplies
Personnel
Professional and special services
Information
Acquisition of land, buildings and works
Acquisition of machinery and equipment
Transportation and communications
Rentals
Repair and maintenance
Internal revenues
$60.2B
$25B
$141M
$107M
$88.2M
$16.4M
$12.3M
$8.5M
$4.3M
$2.8M
$1.4M
$82K
-$82K
Total: $85.6B.
Spending by program, 2013-14
The same net spending by program, as GC InfoBase reports program actuals: $85.6B in all. Select a program for its history, plans and results.
$30.5B
$27.8B
$25.3B
$1.3B
$493M
$91M
$57.8M
$5M
Workforce, 2013-14
Full-time equivalents
781
the actual FTEs of its programs, as GC InfoBase reports them
Personnel spending
$88.2M
salaries, wages and benefits (the personnel standard object)
Personnel spending per FTE
$113K
personnel spending divided by full-time equivalents
A full-time equivalent is a measure of employment, not a headcount: two half-time employees are one FTE. Personnel spending includes benefits and pension contributions, so per FTE it is not an average salary.
Transfer payment programs, 2013-14
The grants, contributions and other transfers Department of Finance Canada paid, program by program: $60.2B in all, against $60.2B for the transfer payments object above (the Public Accounts publish the two tables separately).
| Canada health transferPayments | Other transfer | $30,282,900,196 |
| Fiscal equalizationPayments | Other transfer | $16,105,194,000 |
| Canada social transferPayments | Other transfer | $12,215,271,000 |
| Territorial financingPayments | Other transfer | $3,288,281,700 |
| Payments to provinces regarding sales tax harmonizationPayments | Other transfer | $1,161,200,000 |
| Payments to International Development AssociationPayments | Other transfer | $441,610,000 |
| Additional fiscal equalization to Nova ScotiaPayments | Other transfer | $260,257,000 |
| Wait times reduction transferPayments | Other transfer | $250,000,000 |
| Obligation to Ontario related to General MotorsPayments | Other transfer | $132,291,575 |
| Additional fiscal equalization offset payment to Nova ScotiaPayments | Other transfer | $89,461,000 |
| Additional fiscal equalization payment — Total transfer protectionPayments | Other transfer | $55,806,000 |
| Debt payments on behalf of poor countries to International organizations pursuant to section 18(1) of the Economic Recovery ActPayments | Other transfer | $51,200,000 |
| Statutory subsidiesPayments | Other transfer | $34,118,831 |
| Payment to Ontario related to the Canada Health TransferPayments | Other transfer | $10,052,000 |
| Payment to the International Bank for reconstruction and development for the Agriculture Advance Market commitment ( Bretton Woods and Related Agreements Act , section 8)Payments | Other transfer | $10,000,000 |
| 23 programs | $60,185,445,254 | |
Contracts of $10,000 and under
Contracts this small are not published one by one: Treasury Board publishes each organization's totals, by calendar year, for contracts of $10,000 and under (their original value and their amendments) and for acquisition card purchases. They are the value of contracts entered into, not what was paid in a fiscal year, so they are not part of the net expenditure above, and the years are calendar years.
| Calendar year | Goods | Services | Construction | Acquisition cards | Total |
|---|---|---|---|---|---|
| 2025 | $22,976 | $182,918 | $0 | $819,517 | $1,025,411 |
| 2024 | $81,769 | $119,621 | $0 | $1,125,980 | $1,327,370 |
| 2023 | $37,435 | $200,241 | $0 | $1,402,370 | $1,640,045 |
| 2022 | $97,970 | $174,351 | $0 | $1,158,374 | $1,430,695 |
| 2021 | $89,967 | $257,535 | $0 | $792,903 | $1,140,404 |
| 2020 | $162,287 | $361,939 | $0 | $783,477 | $1,307,703 |
| 2019 | $138,348 | $317,347 | $0 | $1,179,825 | $1,635,520 |
| 2018 | $161,931 | $432,749 | $0 | $1,407,913 | $2,002,593 |
| 2017 | $226,292 | $385,288 | $0 | $1,196,935 | $1,808,515 |
Department of Finance Canada’s share of federal net spending
Other organizations in Finance
Sources
- Public Accounts of Canada 2014, Volume II: Ministerial expenditures by standard object (Table 3)
- Public Accounts of Canada 2014, Volume II: Transfer payments, by ministry
- GC InfoBase – Federal Programs – Actual and Planned Spending (programs_spending.csv)
- GC InfoBase – Federal Programs – Actual and Planned Employees (programs_ftes.csv)
- Proactive Publication - Contracts: Aggregated Total - Contracts $10K and under
Department figures are net expenditure (Public Accounts, Volume II), which doesn’t add up to the accrual expenses of the overview’s headline. See the methodology.
