The minister of finance is the minister of the Crown in the Canadian Cabinet, who is responsible for overseeing the Department of Finance and presenting the federal government's budget each year. It is one of the most important positions in the Cabinet. Chrystia Freeland is the 40th and current finance minister, assuming the role in August 2020 following the resignation of Bill Morneau. She concurrently is the deputy prime minister of Canada. Because of the prominence and responsibility of this cabinet position, it is not uncommon for former ministers of finance to later become 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.

Responsibilities

In addition to being the head of the Department of Finance, the minister of finance is also the minister responsible for:

List of ministers

Key: {{legend||Liberal Party of Canada|border=1px solid #AAAAAA}} {{legend||Historical conservative parties: Liberal-Conservative, Conservative (historical), Unionist, National Liberal and Conservative, Progressive Conservative|border=1px solid #AAAAAA}} {{legend||Conservative Party of Canada|border=1px solid #AAAAAA}}