| Minister of Finance | |
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| Ministry | |
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| Incumbent Jim Flaherty PC, MP since 6 February 2006 |
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| Style | The Honourable |
| Appointed by | Michaëlle Jean as Governor General of Canada |
| First | Alexander Galt |
| Formation | 1 July 1867 |
| Term length | At Her Majesty's pleasure |
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| Website | www.fin.gc.ca |
| Canada |
This article is part of the series: |
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Canadian federalism Executive Councils General
Regions |
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Other countries · Atlas |
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, and the Finance Minister must deal with all the other departments and plays an important role in deciding the funding levels for each.
The Minister of Finance is often one of the most unpopular positions in the government, being responsible at times for program cuts and tax increases. Paul Martin, however, seems to have overcome this and his long tenure as minister helped elevate him to the national popularity that allowed him to become Prime Minister. Martin was the fifth Prime Minister who was previously the finance minister; the others were Sir Charles Tupper, R.B. Bennett, John Turner, and Jean Chrétien.
The current Minister of Finance is Jim Flaherty.
Contents |
In addition to being the head of the Department of Finance, the Minister is also the government’s lead in overseeing the:
Key:
| No. | Portrait | Name | Term of office | Political party | Ministry | |
|---|---|---|---|---|---|---|
| 1 | Alexander Galt | July 1, 1867 | November 7, 1867 | Liberal-Conservative | 1 (Macdonald) | |
| 2 | Sir John Rose | November 18, 1867 | September 30, 1869 | Liberal-Conservative | ||
| 3 | Sir Francis Hincks | October 9, 1869 | February 21, 1873 | Liberal-Conservative | ||
| 4 | Samuel Leonard Tilley (1st time) |
February 22, 1873 | November 5, 1873 | Liberal-Conservative | ||
| 5 | Richard John Cartwright | November 7, 1873 | October 16, 1878 | Liberal | 2 (Mackenzie) | |
| (4) | Sir Samuel Leonard Tilley (2nd time) |
October 17, 1878 | November 11, 1885 | Liberal-Conservative | 3 (Macdonald) | |
| – | VACANT | November 11, 1885 | December 10, 1885 | — | ||
| 6 | Archibald McLelan | December 10, 1885 | January 27, 1887 | Conservative (historical) | ||
| 7 | Sir Charles Tupper | January 27, 1887 | May 22, 1888 | Conservative (historical) | ||
| 8 | George Foster (1st time) |
May 29, 1888 | June 6, 1891 | Conservative (historical) | ||
| June 16, 1891 | November 24, 1892 | 4 (Abbott) | ||||
| December 5, 1892 | December 12, 1894 | 5 (Thompson) | ||||
| December 21, 1894 | January 6, 1896 | 6 (Bowell) | ||||
| – | Sir Mackenzie Bowell (Acting) |
January 6, 1896 | January 15, 1896 | Conservative (historical) | ||
| (8) | George Foster (2nd time) |
January 15, 1896 | April 27, 1896 | Conservative (historical) | ||
| May 1, 1896 | July 8, 1896 | 7 (Tupper) | ||||
| – | VACANT | July 8, 1896 | July 20, 1896 | — | 8 (Laurier) | |
| 9 | William Stevens Fielding (1st time) |
July 20, 1896 | October 6, 1911 | Liberal | ||
| 10 | Sir Thomas White | October 10, 1911 | August 2, 1919 | Conservative (historical) | 9•10 (Borden) | |
| 11 | Sir Henry Drayton (1st time) |
August 2, 1919 | July 10, 1920 | Conservative (historical) | ||
| July 10, 1920 | December 29, 1921 | 11 (Meighen) | ||||
| (9) | William Stevens Fielding (2nd time) |
December 29, 1921 | September 5, 1925 | Liberal | 12 (King) | |
| 12 | James Robb (1st time) |
September 5, 1925 | June 29, 1926 | Liberal | ||
| – | Sir Henry Drayton (2nd time; Acting) |
June 29, 1926 | July 13, 1926 | Conservative (historical) | 13 (Meighen) | |
| 13 | Richard Bedford Bennett (1st time) |
July 13, 1926 | September 25, 1926 | Conservative (historical) | ||
| (12) | James Robb (2nd time) |
September 25, 1926 | November 11, 1929 | Liberal | 14 (King) | |
| 14 | Charles Avery Dunning | November 26, 1929 | August 7, 1930 | Liberal | ||
| (13) | Richard Bedford Bennett (2nd time) |
August 7, 1930 | February 2, 1932 | Conservative (historical) | 15 (Bennett) | |
| 15 | Edgar Nelson Rhodes | February 3, 1932 | October 24, 1935 | Conservative (historical) | ||
| (14) | Charles Avery Dunning (2nd time) |
October 24, 1935 | September 6, 1939 | Liberal | 16 (King) | |
| 16 | James Ralston | September 6, 1939 | July 4, 1940 | Liberal | ||
| 17 | James Lorimer Ilsley | July 8, 1940 | December 10, 1946 | Liberal | ||
| 18 | Douglas Abbott | December 10, 1946 | November 15, 1948 | Liberal | ||
| November 15, 1948 | June 30, 1954 | 17 (St. Laurent) | ||||
| 19 | Walter Harris | July 1, 1954 | June 21, 1957 | Liberal | ||
| 20 | Donald Fleming | June 21, 1957 | August 9, 1962 | Progressive Conservative | 18 (Diefenbaker) | |
| 21 | George Nowlan | August 9, 1962 | April 22, 1963 | Progressive Conservative | ||
| 22 | Walter L. Gordon | April 22, 1963 | November 11, 1965 | Liberal | 19 (Pearson) | |
| 23 | Mitchell Sharp | November 11, 1965 (Acting until Dec.18) |
April 20, 1968 | Liberal | ||
| 24 | Edgar Benson | April 20, 1968 | January 28, 1972 | Liberal | 20 (Trudeau) | |
| 25 | John Turner | January 28, 1972 | September 10, 1975 | Liberal | ||
| – | Bud Drury (Acting) |
September 10, 1975 | September 26, 1975 | Liberal | ||
| 26 | Donald Stovel Macdonald | September 26, 1975 | September 16, 1977 | Liberal | ||
| 27 | Jean Chrétien | September 16, 1977 | June 4, 1979 | Liberal | ||
| 28 | John Crosbie | June 4, 1979 | March 3, 1980 | Progressive Conservative | 21 (Clark) | |
| 29 | Allan MacEachen | March 3, 1980 | September 10, 1982 | Liberal | 22 (Trudeau) | |
| 30 | Marc Lalonde | September 10, 1982 | June 30, 1984 | Liberal | ||
| June 30, 1984 | September 17, 1984 | 23 (Turner) | ||||
| 31 | Michael Wilson | September 17, 1984 | April 21, 1991 | Progressive Conservative | 24 (Mulroney) | |
| 32 | Don Mazankowski | April 21, 1991 | June 25, 1993 | Progressive Conservative | ||
| 33 | Gilles Loiselle | June 25, 1993 | November 4, 1993 | Progressive Conservative | 25 (Campbell) | |
| 34 | Paul Martin | November 4, 1993 | June 2, 2002 | Liberal | 26 (Chrétien) | |
| 35 | John Manley | June 2, 2002 | December 12, 2003 | Liberal | ||
| 36 | Ralph Goodale | December 12, 2003 | February 6, 2006 | Liberal | 27 (Martin) | |
| 37 | Jim Flaherty | February 6, 2006 | Incumbent | Conservative | 28 (Harper) | |