Strategic outcome and program descriptions

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Department of Finance

Strategic outcome 1

A strong economy and sound public finances for Canadians.

Program 1.1: Transfer and Taxation Payment Programs

This program enables the Government of Canada to meet its transfer and taxation payment commitments. The program administers transfer and taxation payments to provinces and territories and Aboriginal governments in compliance with legislation and negotiated agreements. The program also fulfills commitments and agreements with international financial organizations to support the economic advancement of developing countries. The Government of Canada sometimes enters into agreements or enacts legislation to respond to unforeseen pressures. These commitments can result in payments, generally statutory transfer payments, to a variety of recipients, including individuals, organizations and other levels of government.

Program 1.2: Treasury and Financial Affairs

This program provides analysis, research and advice to ministers and senior government officials on the management of the treasury and the financial affairs of the Government of Canada. The program ensures that the treasury and financial affairs of the Government of Canada are efficiently managed on behalf of Canadian taxpayers. The program provides direction for Canada's debt management activities, including the funding of debt and service costs for new borrowings. This program manages investments in financial assets so that the Government of Canada can meet its liquidity needs. The program supports the ongoing refinancing of government debt coming to maturity, the execution of the Budget Plan, and other financial operations of the government, including governance of the borrowing activities of major federal government backed-entities, such as Crown corporations. The program also oversees the system that ensures that Canada has an adequate supply of circulating Canadian currency (bank notes and coins) to meet the needs of the Canadian economy.

Program 1.3: Economic and Fiscal Policy Framework

This program is the main source of advice and recommendations to the Minister of Finance, other ministers and senior government officials on issues, policies and programs of the Government of Canada in the areas of economic, fiscal and social policy; federal-provincial relations; the financial sector; taxation; and international trade and finance. The program ensures that ministers and senior government officials can make informed decisions on economic, fiscal and financial sector policies, programs and proposals. Ultimately, the program contributes to building a sound and sustainable fiscal and economic framework that generates sufficient revenues and aligns the management of expenditures with the Budget Plan and the financial operations of the Government of Canada.

Strategic outcome 2

The following program supports all strategic outcomes within this organization.

Program 2.1: Internal Services

The Internal Services program supports all strategic outcomes and is common across government. Internal Services are groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. These groups are: Management and oversight services; Communications services; Legal services; Human resources management services; Financial management services; Information management services; Information technology services; Real property services; Materiel services; Acquisition services; and Travel and other administrative services. Internal Services include only those activities and resources that apply across an organization and not to those provided specifically to a program.

Canada Deposit Insurance Corporation

Strategic outcome 1

Canada Deposit Insurance Corporation's mandate is to provide insurance against the loss of part or all of deposits and to promote and otherwise contribute to the stability of the financial system in Canada, for the benefit of those with deposits in Canada Deposit Insurance Corporation member institutions while minimizing the Corporation's exposure to loss.

Financial Consumer Agency of Canada

Strategic outcome 1

The rights of financial consumers are protected and the financial literacy of Canadians is strengthened.

Program 1.1: Compliance Supervision and Enforcement

The Compliance Supervision and Enforcement program seeks to strengthen compliance by Federally Regulated Financial Entities with the federal consumer provisions applicable to them. The program also seeks to promote Federally Regulated Financial Entities' adherence to the various codes of conduct and public commitments put in place by the industry to further protect customers.

Program 1.2: Financial Literacy Program

The Financial Literacy Program seeks to enhance consumer knowledge of the Federally Regulated Financial Entities' obligations toward them and enhance the financial knowledge, skills and confidence of Canadians.

Financial Transactions and Reports Analysis Centre of Canada

Strategic outcome 1

A Canadian financial system resistant to money laundering and terrorist financing.

Program 1.1: Financial Intelligence Program

Financial Transactions and Reports Analysis Centre of Canada's Financial Intelligence Program, mandated by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, is a component of the broader national security and anti-crime agenda. The program strives to disrupt the ability of criminals and terrorist groups that seek to abuse Canada's financial system and to reduce the profit incentive of crime. The main method of intervention used by the program is to analyze reported financial transactions and other information the Centre is authorized to receive and collect under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to produce financial intelligence products including tactical case disclosures and strategic intelligence products that are relevant to the investigation, prosecution or understanding of money laundering and terrorist financing activities.

Program 1.2: Compliance Program

Financial Transactions and Reports Analysis Centre of Canada's Compliance Program is responsible for ensuring compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations. The compliance program utilizes a risk based approach to deliver enforcement, relations and support activities that help ensure compliance with legislative and regulatory obligations that apply to individuals and entities operating in Canada's financial system.

Strategic outcome 2

The following program supports all strategic outcomes within this organization.

Program 2.1: Internal Services

See introductory text.

Office of the Auditor General

Strategic outcome 1

Through legislative auditing, we contribute to a well-managed and accountable government for Canadians.

Program 1.1: Legislative Auditing

We conduct independent audits and studies that provide objective information, advice and assurance to Parliament, government and Canadians.

Office of the Superintendent of Financial Institutions

Strategic outcome 1

A safe and sound Canadian financial system.

Program 1.1: Regulation and Supervision of Federally Regulated Financial Institutions

This program involves regulating and supervising federally regulated financial institutions to determine whether they are in sound financial condition and are complying with their governing laws and supervisory requirements; monitoring the financial and economic environment to identify issues that may impact these institutions negatively; and intervening in a timely manner to protect depositors and policyholders from undue loss, while recognizing that management and boards of directors are ultimately responsible, and that financial institutions can fail. Costs for this program are recovered through base assessments and user fees and charges paid by the federally regulated financial institutions covered under the Bank Act, Trust and Loan Companies Act, Insurance Companies Act, Green Shield Canada Act, Protection of Residential Mortgage or Hypothecary Insurance Act and Cooperative Credit Associations Act. The Office of the Superintendent of Financial Institutions also receives revenues for cost-recovered services to provinces, for which it provides supervision of their institutions on a fee for service basis.

Program 1.2: Regulation and Supervision of Federally Regulated Private Pension Plans

This program involves regulating and supervising federally regulated private pension plans to determine whether they are meeting minimum funding requirements and are complying with their governing laws and supervisory requirements. This program provides risk assessments of pension plans covering employees in federally regulated areas of employment. It ensures timely and effective intervention and feedback to protect the interests of plan members and beneficiaries, while recognizing that plan administrators are ultimately responsible and that plans can fail to pay the expected benefits. This program also provides a balanced relevant regulatory framework and a prudentially effective and responsive approvals process. This program incorporates activities pertaining to risk assessment and intervention, regulation and guidance, and approvals and precedents related to federally regulated private pension plans under the Pension Benefits Standards Act, 1985 and the Pooled Registered Pension Plans Act. The costs for this program are recovered from pension plan fees based on the number of members in each federally regulated pension plan.

Strategic outcome 2

A financially sound and sustainable Canadian public retirement income system.

Program 2.1: Actuarial Valuation and Advisory Services

The federal government and the provinces, through the Canada Pension Plan, public sector pension arrangements and other social programs have made commitments to Canadians and have taken on emanated responsibility for the financing of these commitments. Some are long-term and it is important that decision-makers, Parliamentarians and the public understand these and the inherent risks. This program plays a vital and independent role in this process. It provides checks and balances on the future costs of the different pension plans under its responsibilities. This program provides a range of actuarial services, under legislation, to the Canada Pension Plan stakeholders and several federal government departments. It conducts statutory actuarial valuations of the Canada Pension Plan, Old Age Security, Employment Insurance and Canada Student Loans programs, and pension and benefits plans covering the Federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police, federally appointed judges, and Members of Parliament. The Office of the Chief Actuary is funded by fees charged for its actuarial valuation and advisory services and by an annual parliamentary appropriation.

Strategic outcome 3

The following program supports all strategic outcomes within this organization.

Program 3.1: Internal Services

The Internal Services program supports all strategic outcomes and is common across government. Internal Services are groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. These groups are: Management and oversight services; Communications services; Legal services; Human resources management services; Financial management services; Information management services; Information technology services; Real property services; Materiel services; Acquisition services; and Travel and other administrative services. Internal Services include only those activities and resources that apply across an organization and not to those provided specifically to a program.

PPP Canada Inc.

Strategic outcome 1

Transform Canada into a leader for public-private partnerships.

Program 1.1: Federal Public-Private Partnership Initiatives

Through this program, PPP Canada Inc. will: manage a Public-Private Partnerships Fund, a unique infrastructure program designed to support innovative public-private partnerships projects; assess public-private partnerships opportunities for contributions under other Government of Canada infrastructure programs to ensure consideration of such arrangements; assess public-private partnership opportunities and advise on the execution of public-private partnership projects at the federal level; and act as a source of expertise and advice for public-private partnership matters in order to encourage the further development of Canada's public-private partnerships market.

Royal Canadian Mint

Strategic outcome 1

The strategic outcomes of the Royal Canadian Mint are to:

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