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The minister of public services and procurement is the receiver general for Canada. The Department of Public Works and Government Services Act, 1996 states: "In the Minister's capacity as Receiver General, the Minister shall exercise all the powers and perform all the duties and functions assigned to the receiver general by law."
The level of government (central, state, or local) responsible for government programs differs across countries. For this reason, international fiscal comparisons are usually made on a total government, national accounts basis. For Canada, total government includes the federal (central), provincial/territorial, and local governments.
The minister of public services and procurement is the receiver general for Canada. The Department of Public Works and Government Services Act, 1996 states: "In the Minister's capacity as Receiver General, the Minister shall exercise all the powers and perform all the duties and functions assigned to the receiver general by law."
The budget is announced in the House of Commons by the Minister of Finance, who traditionally wears new shoes while doing so. [1] The Budget is then voted on by the House of Commons. Budgets are a confidence measure, and if the House votes against it the government can fall, as happened to Prime Minister Joe Clark's government in
Generally Accepted Accounting Principles (GAAP) [a] of Canada provided the framework of broad guidelines, conventions, rules and procedures of accounting.In early 2006, the AcSB decided to completely converge Canadian GAAP with international GAAP, i.e. International Financial Reporting Standards (IFRS), as set by the International Accounting Standards Board (IASB), for most entities that must ...
The Treasury Board of Canada Secretariat (TBS; French: Secrétariat du Conseil du Trésor du Canada, SCT) is the administrative branch of the Treasury Board of Canada (the committee of ministers responsible for the financial management of the federal government) and a central agency of the Government of Canada. The role of the Secretariat is to ...
The Department of Finance Canada (French: Ministère des Finances Canada) is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government on economic and financial issues.
The following are some of the major changes instituted by the Federal Accountability Act: . Auditing and accountability within departments. One of the biggest changes, recommended by the Gomery Commission, was that deputy ministers became "accounting officers", reporting directly to Parliament (thereby bypassing their ministers) on the financial administration of their respective departments.