Manitoba Finance () is the department of finance for the Canadian province of

Manitoba , image_map = Manitoba in Canada 2.svg , map_alt = Map showing Manitoba's location in the centre of Southern Canada , Label_map = yes , coordinates = , capital = Winn ...

. The Minister of Finance (; originally Provincial Treasurer) is the cabinet minister responsible for the department, as well as for managing the province's fiscal resources, overseeing

taxation A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, o ...

policies, and allocating funds to other governmental departments. Every year, the minister submits a budget to the

Legislature A legislature is an assembly with the authority to make law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its p ...

outlining anticipated expenditures and revenues for the next 12 months. The minister is also required to submit a completed financial report for the annual cycle just completed. The Finance portfolio is the oldest cabinet position in the province of Manitoba, even predating the office of Premier by four years. Similarly, many regard the Finance Minister as the most important member of government, second only to the Premier. Prior to 1977, it was not considered unusual for Manitoba's provincial premiers to reserve the position of Treasurer or Finance Minister for themselves. In the 20th century,

John Bracken John Bracken (June 22, 1883 – March 18, 1969) was a Canadian agronomist and politician who was the 11th and longest-serving premier of Manitoba (1922–1943) and later the leader of the Progressive Conservative Party of Canada (1942–19 ...

, Stuart Garson,

Douglas L. Campbell Douglas Lloyd Campbell (May 27, 1895 – April 23, 1995) was a politician in Manitoba, Canada. He served as the 13th premier of Manitoba from 1948 to 1958. He was a member of the Legislative Assembly of Manitoba for 47 years, longer than a ...

Dufferin Roblin Dufferin "Duff" Roblin, (June 17, 1917 – May 30, 2010) was a Canadian businessman and politician. He served as the 14th premier of Manitoba from 1958 to 1967. Roblin was appointed to the Senate of Canada on the advice of Prime Minister Pierre ...

, and

Edward Schreyer Edward Richard Schreyer (born December 21, 1935) is a Canadian politician, diplomat, and statesman who served as Governor General of Canada, the 22nd since Canadian Confederation. Schreyer was born and educated in Manitoba, and was first electe ...

all assumed this responsibility at one time or another. (Roblin was his own Treasurer for the entire extent of his term in office). No premier has taken this responsibility since 1977, and such a combination of responsibilities would now be considered very unlikely. The current Finance Minister of Manitoba is Cameron Friesen of the Progressive Conservatives.

Branches and divisions

Manitoba Finance includes the following special operating agencies, which present their own respective annual reports: * Entrepreneurship Manitoba (aka the Companies Office) — the registrar for information about corporations and

business name A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...

s in Manitoba. The registry is publicly available to search. It is also responsible for the appointments and renewals of Commissioner for Oaths and Notary Publics. * Manitoba Financial Service Agency ** Financial Institutions Regulation Branch (FIRB) ** Manitoba Securities Commission * Public Guardian and Trustee Agency (under the Consumer Protection Division) — "manages and protects the affairs of Manitobans who are unable to do so themselves and have no one else willing or able to act," including

mentally incompetent In United States and Canadian law, competence concerns the mental capacity of an individual to participate in legal proceedings or transactions, and the mental condition a person must have to be responsible for his or her decisions or acts. Comp ...

and

vulnerable adult A vulnerable adult is defined as an individual age 18 or older who has the functional, mental, or physical inability to care for themselves. It can also refer to one who is unable to protect themselves against significant harm or exploitation. A ...

s, children, and deceased estates. * Vital Statistics Agency (under the Consumer Protection Division) Other branches and divisions of Manitoba Finance include: * Communication and Engagement Division (CED) — leads government communications in Manitoba, supporting the work of all government departments and several Crown organizations to provide information to Manitobans. CED, acting as the Queen’s Printer of Manitoba, also publishes the ''Manitoba Gazette'' and other statutory publications; provides leadership and coordination of Manitoba’s style and visual identity; and ensures the effective administration and oversight of Crown copyright. ** Information and Privacy Policy Secretariat — responsible for central administration and coordination of '' The Freedom of Information and Protection of Privacy Act'' (FIPPA). * Finance Research Division — primarily responsible for intergovernmental fiscal relations,

economic An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...

and

fiscal policy In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variab ...

analysis, and the formulation of tax policy. ** Manitoba Bureau of Statistics * Manitoba Tax Assistance Office — provides information and assistance regarding Manitoba's

income tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ...

tax credit A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "dis ...

programs, and program applications. * Pension Commission — the Office of the Superintendent - Pension Commission is responsible for safeguarding employees’ rights to benefits promised under employment

pension plan A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

s as provided under pension benefits legislation. * Taxation Division — administers taxation legislation through information, compliance, audit, and enforcement programs, including: retail sales Tax, health and post secondary education

tax levy A tax levy under United States federal law is an administrative action by the Internal Revenue Service (IRS) under statutory authority, generally without going to court, to seize property to satisfy a tax liability. The levy "includes the power ...

, insurance corporations tax, corporation

capital tax A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownershi ...

, tobacco tax,

fuel tax A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuels used to power agricultural v ...

, mining tax, and emissions tax on

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when ...

and

petroleum coke Petroleum coke, abbreviated coke or petcoke, is a final carbon-rich solid material that derives from oil refining, and is one type of the group of fuels referred to as cokes. Petcoke is the coke that, in particular, derives from a final cracki ...

. * Treasury Board Secretariat — coordinates the annual budget and estimates, prepares the public accounts for the Government of Manitoba and provides financial and analytical support as well as strategic management advice to the Minister of Finance and the Treasury Board * Treasury Division — manages and administers the cash resources, borrowing programs, and all investment and debt management activities of the provincial government.

Funeral Board of Manitoba

The Funeral Board of Manitoba (FBM) is a not-for-profit regulatory organization concerned with consumer protection within Manitoba's funeral and

cemetery A cemetery, burial ground, gravesite or graveyard is a place where the remains of dead people are buried or otherwise interred. The word ''cemetery'' (from Greek , "sleeping place") implies that the land is specifically designated as a buri ...

services marketplace. Administering ''The Funeral Directors and Embalmers Act'', ''The Cemeteries Act'', and ''The Prearranged Funeral Services Act'', it is responsible for licensing all Manitoba

funeral director A funeral director, also known as an undertaker (British English) or mortician (American English), is a professional involved in the business of funeral rites. These tasks often entail the embalming and burial or cremation of the dead, as ...

s and

embalmers Embalming is the art and science of preserving human remains by treating them (in its modern form with chemicals) to forestall decomposition. This is usually done to make the deceased suitable for public or private viewing as part of the funeral ...

;

funeral home A funeral home, funeral parlor or mortuary, is a business that provides burial and funeral services for the dead and their families. These services may include a prepared wake and funeral, and the provision of a chapel for the funeral. Services ...

s; particular cemeteries and their sales persons; and prearranged funeral service plan providers. Through the 1967 ''Embalmers and Funeral Directors Act'' the Board was established as the Board of Administration to oversee Manitoba's funeral industry. The Act was amended and renamed in 2009 to ''The Funeral Directors and Embalmers Act'', which changed the Board's name to the Funeral Board of Manitoba.

Vital Statistics Agency

, formed = , employees = 40 FTEs (2019) , minister1_name = Richard Groen , minister1_pfo = Deputy Minister of Finance , minister2_pfo = Asst. Deputy Minister of the Consumer Protection Division , chief1_name = Alena Lukes , chief1_position = Chief Operating Officer and Director of Vital Statistics , chief2_name = Kathryn Durkin-Chudd , chief2_position = Advisory Board Chair , parent_department = Manitoba Finance , keydocument1 = ''The Vital Statistics Act'' , website
vitalstats.gov.mb.ca/
, agency_type = special operating agency
Civil registrar of vital events The Manitoba Vital Statistics Agency (VSA) is a special operating agency of the provincial government that is the civil registrar of Manitoba's vital records. More specifically, it is responsible for registering vital statistics (birth, death, marriage, stillbirth and change of name) in Manitoba and provides documents as proof of those events. While the Agency began operations on 1 April 1994, the provincial vital event registry dates to 1882. As such, with all records being held in

perpetuity A perpetuity is an annuity that has no end, or a stream of cash payments that continues forever. There are few actual perpetuities in existence. For example, the United Kingdom (UK) government issued them in the past; these were known as conso ...

for all Manitoba events, the database contains vital records information for the Province of Manitoba from 1882 to present. Nearly 4 million records are held in the database . The VSA reports to the

through the Minister of Finance, and is responsible for administering and enforcing Manitoba's ''Vital Statistics Act, Marriage Act, Change of Name Act'', as well as processing disinterments under ''The Public Health Act''. It is a member of the Vital Statistics Council for Canada (VSCC), which was established in 1945 as partnership of provincial/territorial vital event registrars and federal officials responsible for national statistics.

Manitoba Bureau of Statistics

The Manitoba Bureau of Statistics (MBS), a branch of the Finance Department's Finance Research Division, is the Manitoba government’s central statistics agency, tasked with compiling, managing, analyzing, coordinating, and disseminating of

, demographic, and

social statistics Social statistics is the use of statistical measurement systems to study human behavior in a social environment. This can be accomplished through polling a group of people, evaluating a subset of data obtained about a group of people, or by obser ...

for the province. Operating under the provincial ''Statistics Act'', the Bureau addresses data and statistical requirements by collaborating with government departments and agencies; and, under a federal-provincial agreement, MBS is the designated contact and official liaison between the Government of Manitoba and the federal government's Statistics Canada.

Manitoba Financial Services Agency

, headquarters = 500-400 St. Mary Ave.,

Winnipeg, MB Winnipeg () is the capital and largest city of the province of Manitoba in Canada. It is centred on the confluence of the Red and Assiniboine rivers, near the longitudinal centre of North America. , Winnipeg had a city population of 749,6 ...

, employees = 48.6 FTEs (2019/2020) , minister1_name = Richard Groen , minister1_pfo = Deputy Minister of Finance , chief1_name = David Cheop , chief1_position = Chief Administrative Officer , child1_agency = Manitoba Securities Commission (MSC) , child2_agency = Financial Institutions Regulation Branch (FIRB) , agency_type = special operating agency The Manitoba Financial Service Agency (MFSA; ) is a special operating agency of the Manitoba government responsible for administering and enforcing legislation for the

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

and

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

sectors,

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

and

mortgage broker A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, ...

s, credit unions/caisses populaires,

cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-contro ...

s, and

trust Trust often refers to: * Trust (social science), confidence in or dependence on a person or quality It may also refer to: Business and law * Trust law, a body of law under which one person holds property for the benefit of another * Trust (bus ...

and

loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that ...

companies who operate in Manitoba. It comprises the Manitoba Securities Commission (MSC) and Financial Institutions Regulation Branch (FIRB). It is headed by a chief administrative officer, who is '' ex officio'' the Chair and

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

of the MSC. As of at least 2020, the chief is David Cheop. The Agency administers the following provincial legislation: * ''The Securities Act'', C.C.S.M. c. S 5 0 * ''The Commodity Futures Act'', C.C.S.M. c. C152 * ''The Real Estate Brokers Act'', C.C.S.M. c. R20 * ''The Mortgage Brokers Act'', C.C.S.M. c. M210 * ''The Insurance Act'', C.C.S.M. c. I40 * ''The Credit Unions and Caisse Populaires Act'', C.C.S.M. c. C301 * ''The Cooperatives Act'', C.C.S.M. c. C223 * ''The Corporations Act'', C.C.S.M. c. C225, Part XXIV

Financial Institutions Regulation Branch

The Financial Institutions Regulation Branch (FIRB; , DRIF) is the body responsible for regulatory oversight to financial institutions and cooperatives operating in Manitoba, including the insurance sector, credit unions/caisses populaires, and

and

companies. It is tasked with administering the provincial ''Insurance Act'', ''Credit Unions and Caisses Populaires Act'', and the ''Corporations Act'' (Part XXlV). The FIRB was created in April 2000 through the amalgamation of two branches under the Department of Consumers and Corporate Affairs: the Insurance Branch and the Trust, Cooperatives and Credit Union Regulation Branch. Since then, government restructuring has led to the FIRB being part of various departments; as of October 2012, FIRB was merged into the Manitoba Financial Services Agency (MFSA).

Manitoba Securities Commission

The Manitoba Securities Commission (MSC; ) is the securities regulatory authority of Manitoba. As a division of the Manitoba Financial Services Agency, it is an independent agency of the provincial government and its Chair reports to the legislature through the Minister of Finance. Following ''The Securities Act'', MSC was structured in its present form in 1968, divided into two branches: # the administrative or functional arm, consisting of

full-time employee A full-time job is employment in which workers work a minimum number of hours defined as such by their employer. Overview Full-time employment often comes with benefits that are not typically offered to part-time, temporary, or flexible worker ...

s who conduct day-to-day operations. This arm includes 2 operating divisions of its own: #* the Securities division, which is organized into several operational sections—investigation, legal, registration & compliance, corporate finance & continuous disclosure, finance & administration, and education/information. #* Real Estate division # Commission members, the policy-making body consisting of

Order-in-Council An Order-in-Council is a type of legislation in many countries, especially the Commonwealth realms. In the United Kingdom this legislation is formally made in the name of the monarch by and with the advice and consent of the Privy Council (''Kin ...

appointees (maximum of 7) who meet regularly. The Chair presides at the Commission members' meetings and is also the

of the administrative arm.

Public Utilities Board

The Manitoba Public Utilities Board is an independent quasi-judicial administrative tribunal that regulates

public utilities A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and ...

and designated monopolies. It has oversight and supervisory powers over the rates charged for electrical utility, auto insurance, gas and propane utilities, and all water and sewer utilities outside of Winnipeg. The Board is led by a chair and a vice-chair, appointed by the Lieutenant Governor. The chair has similar authority to that of a justice of the

Manitoba Court of Queen's Bench The Court of King's Bench of Manitoba (french: Cour du Banc du Roi du Manitoba)—or the Court of Queen’s Bench of Manitoba, depending on the monarch—is the superior court of the Canadian province of Manitoba. The court is divided into tw ...

or as the deputy minister for the

Manitoba Justice , logo = , logo_width = , logo_caption = , seal = , seal_width = , seal_caption = , picture = , formed = , preceding1 = Department of the Attorney General , preceding2 = , dissolved = , jurisdiction = Government of Manitoba ...

. Board members, appointed by the chair, are tasked with carrying out the Board's legislative mandate. The PUB Chairperson reports to the Minister of Finance. The Board has regulated services under legislation since 1913, with the current ''Public Utilities Board Act'' being passed in 1959. In addition to the ''Public Utilities Board Act'', regulatory administration is provided through: * Centra Gas Manitoba Inc. (

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

distribution,

utility As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosoph ...

rate setting) * ''Crown Corporations Governance and Accountability Act'' * ''Efficiency Manitoba Act'' * ''Gas Allocation Act'' * ''Gas Pipe Line Act'' (safety of natural gas and propane distribution) * ''Greater Winnipeg Gas Distribution Act'' (natural gas distribution franchise) *

Manitoba Hydro The Manitoba Hydro-Electric Board, operating as Manitoba Hydro, is the electric power and natural gas utility in the province of Manitoba, Canada. Founded in 1961, it is a provincial Crown Corporation, governed by the Manitoba Hydro-Electric Boa ...

(

electric utility An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major pr ...

rate setting) *

Manitoba Public Insurance Manitoba Public Insurance Corporation (MPI; french: Société d'assurance publique du Manitoba) is the non-profit Crown corporation which administers public auto insurance, motor vehicle registration, and driver licensing in Manitoba. Establish ...

(

auto insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injur ...

rate setting) * ''Manitoba Water Services Board Act'' (appeals) * ''Municipal Act'' (water and sewer utility rate regulation, excluding Winnipeg) * Stittco Utilities Man Ltd. (propane distribution) * The City of Winnipeg Charter

Treasury Board

The Treasury Board of Manitoba is a Cabinet sub-committee responsible for the overall fiscal management and reporting of the provincial government, as well as the "establishment of policies required for the effective management of

public funds Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual o ...

to meet government objectives." The Treasury Board Secretariat of Manitoba provides financial and analytical support as well as strategic management advice to the Minister of Finance and Treasury Board. The Secretariat is headed by a Deputy Minister who acts as Secretary to Treasury Board, currently Ann Ulusoy. It has been an independent

secretariat Secretariat may refer to: * Secretariat (administrative office) * Secretariat (horse) Secretariat (March 30, 1970 – October 4, 1989), also known as Big Red, was a champion American thoroughbred racehorse who is the ninth winner of the Ame ...

since 1987/88. Treasury Board Secretariat consists of the: * Office of the Secretary to Treasury Board, * Office of the Provincial Comptroller, * Fiscal Management and Capital Planning Division, * Analytical Division, * Strategic Initiatives Division, and the * Scorecards Division.

History

The Finance portfolio is the oldest cabinet position in the province, predating the office of Premier by four years; and the minister was styled as the Provincial Treasurer until 1969. The first Provincial Secretary in Manitoba was

Marc-Amable Girard Marc-Amable Girard (April 25, 1822 – September 12, 1892) was the second premier of Manitoba, and the first Franco-Manitoban to hold that post. The ''Canadian Parliamentary Guide'' lists Girard as having been Premier (or ''Chief Minister'' ...

, who was appointed to the position on 16 September 1870 by

Lieutenant-Governor A lieutenant governor, lieutenant-governor, or vice governor is a high officer of state, whose precise role and rank vary by jurisdiction. Often a lieutenant governor is the deputy, or lieutenant, to or ranked under a governor — a " second-in-com ...

Adams George Archibald Sir Riley Robert Archibald , more commonly known as Sir Adams George Archibald (May 3, 1814 – December 14, 1892) was a Canadian lawyer and politician, and a Father of Confederation. He was based in Nova Scotia for most of his career, though ...

soon after his arrival in the province. Until January 1871, Girard and Provincial Secretary Alfred Boyd were the only members of Archibald's ministry. Since the introduction of

partisan politics A partisan is a committed member of a political party or army. In multi-party systems, the term is used for persons who strongly support their party's policies and are reluctant to compromise with political opponents. A political partisan is no ...

in 1888, all Manitoba Finance Ministers have belonged to the governing party of the day. During the

coalition ministry A coalition government is a form of government in which political parties cooperate to form a government. The usual reason for such an arrangement is that no single party has achieved an absolute majority after an election, an atypical outcome in ...

that governed Manitoba from 1940 to 1950, the position was reserved for members of the dominant Liberal-Progressive Party. Prior to 1977, it was typical for Manitoba's provincial premiers to reserve the position of Treasurer or Finance Minister for themselves. In the 20th century,

, Stuart Garson,

, and

Greg Selinger Gregory Francis Selinger (born February 16, 1951) is a Canadian former politician who served as the 21st premier of Manitoba from 2009 until 2016, leading an NDP government. From 1999 to 2009 he was the Minister of Finance in the government of ...

indicated that his department would soon move to a system known as ''

generally accepted accounting principles Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders. Some firms operate on th ...

'', which had already been adopted in most other provinces. Following the 2019 provincial general election, Manitoba Finance underwent significant reorganization. While Central Services branched off as an independent department, the Finance department gained its Labour and Regulatory Services Division, the Consumer Protection Division, and Communications Services Manitoba, as well as the Vital Statistics Agency, Entrepreneurship Manitoba, and the Public Guardian and Trustee of Manitoba.

List of Ministers of Finance

References

{{Canada topic, Economy of Finance, Minister of *