Office of the Deputy Minister of Finance

Available reels: 178

Document Record

Canada. Dept. of Finance. Office of the Deputy Minister
Office of the Deputy Minister of Finance
Outgoing correspondence of the office of the Deputy-Inspector General and Deputy Minister of Finance
RG 19
Business and commerce
Document source
Library and Archives Canada / Bibliothèque et Archives Canada
The Department of Finance was formally created in 1869. Originally, its primary function was administering the collecting and spending of public monies, and servicing the national debt. During World War One, the federal government borrowed from and taxed individual Canadians directly for the first time (through Victory Loans and income taxes). Massive expansion of the economy during World War Two led to a growth in the department’s influence, along with the introduction of Unemployment Insurance (1941; now known as Employment Insurance) and Family Allowances (1945). The Department of Finance Canada is described by the Canadian Encyclopedia as now being "the federal government's main engine of research, advice and analysis on national economic and financial affairs, including fiscal policy, debt management and taxation." The department comes up with the federal budget and tax and tariff laws, manages federal government borrowing on the financial markets, and represents the country in international financial institutions. The Bank of Canada and the Auditor General report to Parliament through the Minister of Finance.
The Department of Finance reports to the Minister through its Deputy Minister.
This collection consists of letterbooks containing the official outgoing correspondence of the Department of Finance and covering all aspects of its work on a good number of the mircofilm reels included here. Microfilm reels T-6979 and T-6980 consist of general correspondence of the Deputy Minister of Finance arranged according to the department's first registry files. It covers all the aspects of the work of the department and, with very few exceptions, has been preserved in toto.