Finance Canada doesn’t collect federal taxes. That’s the job of the Canada Revenue Agency (CRA). But it is the job of Finance Canada to help the federal government decide who gets taxed, how and how much.
The major taxes are personal and corporate income tax and sales taxes. For each of these areas we provide analysis and advice to policy makers. We assist in deciding how taxes can best be used to keep the Government’s finances in good shape and to give Canadians the services they depend on. So stay with Finance Canada if your interest is tax policy or go to the CRA for information related to tax collection.
One of the most important tools any government has for managing trade with other nations is the tariff. It’s a kind of tax governments charge on imports of products and services. It’s the job of Finance Canada to monitor our tariff policies and those of other nations, and to develop new policies that will best serve our economy.