On September 17, 1999, the Canadian Department of Finance released questions and answers pertaining to the 1999 federal Budget, taxes, deficit/debt, economy, federal-provincial relations, financial services sector, and international issues. Selected excerpts of the Finance release are reproduced below:
General
What is the difference between the Department of Finance and Revenue Canada?
The Department of Finance is the federal department primarily responsible for providing the government with analysis and advice on the broad economic and financial affairs of Canada. Its responsibilities include preparing the federal budget; preparing tax and tariff legislation; managing federal borrowing on financial markets; administering major federal transfers to the provinces and territories; developing regulatory policy for the financial sector; and representing Canada within international financial institutions.