Minister of Finance of Canada | |
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Department of Finance | |
Style | The Honourable |
Member of | |
Appointer | Governor General of Canada |
Term length | At Her Majesty's pleasure |
Inaugural holder | Alexander Galt |
Formation | July 1, 1867 |
Salary | $255,300 (2017) |
Website | www.fin.gc.ca |
The Minister of Finance (French: Ministre des Finances) is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget. It is one of the most important positions in the Cabinet.
Because of the prominence and responsibility of this cabinet position, it is not uncommon for former Ministers of Finance to be appointed Prime Minister. Charles Tupper, R. B. Bennett, John Turner, Jean Chrétien, and Paul Martin all became Prime Minister after previously serving as Minister of Finance.
In addition to being the head of the Department of Finance, the Minister is also the government’s lead in overseeing the:
Key: