Finance
How Finance spent its budget in fiscal year 2022-23, shown as net expenditures by standard object from Public Accounts Volume II.
Department Spending
In FY 2022-23,
$117.82B
was spent by Finance
In FY 2022-23,
24.4%
of federal spending was by Finance
On the consolidated accrual basis (Volume I), this portfolio’s expenses were $124.55B in FY 2022-23 — see the overview and methodology.
How did Finance spend its budget in 2022-23?
Spending by entity, FY 2022-23
Department of Finance
Office of the Superintendent of Financial Institutions
Office of the Auditor General
Financial Transactions and Reports Analysis Centre of Canada
Financial Consumer Agency of Canada
$117.31B
$239.7M
$127.9M
$88.2M
$54M
Finance’s share of federal spending
Percentage of federal spending, 1995–2025
Line items
Every transfer-payment (grant and contribution) program, in dollars. These are the named programs behind the transfer-payments object in the chart above. Search, sort, and download the full table.
| Category | Description | Amount ▼ |
|---|---|---|
| Other transfer payments | Canada Health Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act) | $45,140,656,521 |
| Other transfer payments | Fiscal Equalization (Part I—Federal-Provincial Fiscal Arrangements Act) | $21,920,222,000 |
| Other transfer payments | Canada Social Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act) | $15,938,157,000 |
| Other transfer payments | Territorial Financing (Part I.1 - Federal-Provincial Fiscal Arrangements Act) | $4,552,785,221 |
| Other transfer payments | Payments related to Canada health transfer (Section 24.72—Federal-Provincial Fiscal Arrangements Act) | $2,000,000,000 |
| Other transfer payments | Payments to International Development Association (Bretton Woods and Related Agreements Act) | $911,436,000 |
| Other transfer payments | Payments in relation to Transit and Housing (Budget Implementation Act, 2022, No.1) | $750,000,000 |
| Other transfer payments | Payments to World Bank—Ukraine Multi-Donor Trust Fund | $115,000,000 |
| Other transfer payments | 2020 Hibernia Dividend Backed Annuity Agreement Payment | $100,733,215 |
| Other transfer payments | Payments for school ventilation improvement (Economic and Fiscal Update Implementation Act, 2021) | $100,000,000 |
| Other transfer payments | Debt payments on behalf of poor countries to International Organizations pursuant to subsection 18(1) of the Economic Recovery Act | $56,818,753 |
| Other transfer payments | Additional Fiscal Equalization Offset Payment to Nova Scotia (Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offshore Payments Act) | $47,772,000 |
| Other transfer payments | Statutory Subsidies (Constitution Acts, 1867–1982, and other statutory authorities) | $42,639,341 |
| Other transfer payments | Grant to the International Monetary Fund's Resilience and Sustainability Trust (Bretton Woods and Related Agreements Act, Section 8.1(2)) | $40,144,062 |
| Other transfer payments | Payments of any amount that is required for the purpose of providing financial assistance, pursuant to section 8.3 of The Bretton Woods and Related Agreements Act | $190,079 |
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Finance figures are net expenditures by standard object from Public Accounts Volume II, and will not match the Volume I consolidated headline totals. See the methodology for details.
