Manitoba Finance

Last updated

Manitoba Finance
Finances Manitoba
Department overview
Type Finance department
Annual budget$308.6 m CAD (2019/2020)
Department executives
  • Adrien Sala, Minister of Finance
  • Richard Groen, Deputy Minister of Finance
  • Ann Ulusoy, Secretary to Treasury Board
Website www.gov.mb.ca/finance/

Manitoba Finance (French : Finances Manitoba) is the department of finance for the Canadian province of Manitoba.

Contents

The Minister of Finance (Ministre des Finances; originally Provincial Treasurer) is the cabinet minister responsible for the department, as well as for managing the province's fiscal resources, overseeing taxation policies, and allocating funds to other governmental departments. Every year, the minister submits a budget to the Legislature 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, Stuart Garson, Douglas L. Campbell, Dufferin Roblin, and Edward Schreyer 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 Adrien Sala of the New Democratic Party.

Branches and divisions

Manitoba Finance includes the following special operating agencies, which present their own respective annual reports: [1] : 10 

Other branches and divisions of Manitoba Finance include: [4]

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 services marketplace. Administering The Funeral Directors and Embalmers Act, The Cemeteries Act, and The Prearranged Funeral Services Act, [1] : 50  it is responsible for licensing all Manitoba funeral directors and embalmers; funeral homes; particular cemeteries and their sales persons; and prearranged funeral service plan providers. [6]

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. [7]

Vital Statistics Agency

Manitoba Vital Statistics Agency
Le Bureau de l'état civil
Agency overview
Formed1995 (1995)
Type special operating agency
Civil registrar of vital events
Employees40 FTEs (2019)
Minister responsible
  • Richard Groen, Deputy Minister of Finance
  • Asst. Deputy Minister of the Consumer Protection Division
Agency executives
  • Alena Lukes, Chief Operating Officer and Director of Vital Statistics
  • Kathryn Durkin-Chudd, Advisory Board Chair
Parent departmentManitoba Finance
Key document
  • The Vital Statistics Act
Website vitalstats.gov.mb.ca/

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. [1] : 50 

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 for all Manitoba events, the database contains vital records information for the Province of Manitoba from 1882 to present. [8] Nearly 4 million records are held in the database as of 2020. [9]

The VSA reports to the Legislature 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. [8]

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. [9]

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 economic, demographic, and social statistics for the province. [5]

Operating under the provincial Statistics Act, [10] 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. [5]

Manitoba Financial Services Agency

Manitoba Financial Service Agency
Office des services financiers du Manitoba
Agency overview
Type special operating agency
Headquarters500-400 St. Mary Ave., Winnipeg, MB
Employees48.6 FTEs (2019/2020)
Minister responsible
  • Richard Groen, Deputy Minister of Finance
Agency executive
  • David Cheop, Chief Administrative Officer
Child agencies
  • Manitoba Securities Commission (MSC)
  • Financial Institutions Regulation Branch (FIRB)

The Manitoba Financial Service Agency (MFSA; French : Office des services financiers du Manitoba) is a special operating agency of the Manitoba government responsible for administering and enforcing legislation for the securities and insurance sectors, real estate and mortgage brokers, credit unions/caisses populaires, cooperatives, and trust and loan companies who operate in Manitoba. It comprises the Manitoba Securities Commission (MSC) and Financial Institutions Regulation Branch (FIRB). [11] [12]

It is headed by a chief administrative officer, who is ex officio the Chair and chief executive officer of the MSC. As of at least 2020, the chief is David Cheop. [11]

The Agency administers the following provincial legislation: [11] : 55 

Financial Institutions Regulation Branch

The Financial Institutions Regulation Branch (FIRB; French : Direction de la réglementation des institutions financières, 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 trust and loan companies. [4] [13] It is tasked with administering the provincial Insurance Act, Credit Unions and Caisses Populaires Act, and the Corporations Act (Part XXlV). [13]

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). [13]

Manitoba Securities Commission

The Manitoba Securities Commission (MSC; French : Commission des valeurs mobilières du Manitoba) 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. [14]

Following The Securities Act, MSC was structured in its present form in 1968, divided into two branches: [14]

  1. the administrative or functional arm, consisting of full-time employees 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
  2. Commission members, the policy-making body consisting of Order-in-Council appointees (maximum of 7) who meet regularly.

The Chair presides at the Commission members' meetings and is also the chief executive officer of the administrative arm. [14]

Public Utilities Board

The Manitoba Public Utilities Board is an independent quasi-judicial administrative tribunal that regulates public utilities 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. [4] [15]

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 or as the deputy minister for the Manitoba Justice. 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. [16]

The Board has regulated services under legislation since 1913, with the current Public Utilities Board Act being passed in 1959. [15] In addition to the Public Utilities Board Act, regulatory administration is provided through: [15] [17]

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 to meet government objectives." [4]

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. [4] The Secretariat is headed by a Deputy Minister who acts as Secretary to Treasury Board, currently Ann Ulusoy. [1] It has been an independent secretariat since 1987/88. [4]

Treasury Board Secretariat consists of the: [4]

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, who was appointed to the position on 16 September 1870 by Lieutenant-Governor Adams George Archibald 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 in 1888, all Manitoba Finance Ministers have belonged to the governing party of the day. During the coalition ministry 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, John Bracken, Stuart Garson, Douglas L. Campbell, Dufferin Roblin, and Edward Schreyer 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.

In early 2005, then Minister of Finance Greg Selinger indicated that his department would soon move to a system known as generally accepted accounting principles , 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. [1] : ii 

List of ministers of finance

Minister of Finance
Ministre des Finances
Incumbent
Adrien Sala
since October 18, 2023
Manitoba Finance
Member of Executive Council of Manitoba
Formation1870 (as Provincial Treasurer)
First holder Marc-Amable Girard
NamePartyTook office [18] [19] Left office
Marc-Amable Girard Conservative September 16, 1870March 14, 1872
Thomas Howard ConservativeMarch 14, 1872July 8, 1874
Robert A. Davis Non-partisan July 8, 1874October 16, 1878
John Norquay ConservativeOctober 16, 1878August 27, 1886
Alphonse La Riviere Liberal-Conservative August 31, 1886December 26, 1887
David H. Harrison Liberal-ConservativeDecember 26, 1887January 19, 1888
Lyman Jones Liberal January 19, 1888May 7, 1889
Daniel H. McMillan LiberalMay 7, 1889January 6, 1900
John Andrew Davidson LiberalJanuary 10, 1900November 14, 1903
John Hume Agnew ConservativeMarch 2, 1904November 4, 1908
Hugh Armstrong ConservativeNovember 19, 1908May 12, 1915
Edward Brown Liberal May 12, 1915August 8, 1922
Francis Black Progressive August 8, 1922January 12, 1925
John Bracken ProgressiveJanuary 18, 1925May 27, 1932
Ewan McPherson Liberal-Progressive May 27, 1932September 21, 1936
Stuart Garson Liberal-ProgressiveSeptember 21, 1936November 13, 1948
John Cameron Dryden Liberal-ProgressiveDecember 14, 1948February 16, 1950
Douglas L. Campbell Liberal-ProgressiveFebruary 16, 1950December 1, 1951
Ronald Turner Liberal-ProgressiveDecember 1, 1951July 6, 1956
Charles Greenlay Liberal-ProgressiveJuly 6, 1956June 30, 1958
Dufferin Roblin Progressive Conservative June 30, 1958July 22, 1966
Edward Gurney Evans Progressive ConservativeJuly 22, 1966July 17, 1969
Saul Cherniack New Democratic Party July 17, 1969November 13, 1972
Edward Schreyer New Democratic PartyNovember 13, 1972May 2, 1973
Saul Cherniack New Democratic PartyMay 2, 1973January 8, 1975
Edward Schreyer New Democratic PartyJanuary 8, 1975September 22, 1976
Saul Miller New Democratic PartySeptember 22, 1976October 24, 1977
Donald Craik Progressive ConservativeOctober 24, 1977January 16, 1981
Brian Ransom Progressive ConservativeJanuary 16, 1981November 30, 1981
Victor Schroeder New Democratic PartyNovember 30, 1981April 17, 1986
Eugene Kostyra New Democratic PartyApril 17, 1986May 9, 1988
Clayton Manness New Democratic PartyMay 9, 1988September 10, 1993
Eric Stefanson Progressive ConservativeSeptember 10, 1993February 5, 1999
Harold Gilleshammer Progressive ConservativeFebruary 5, 1999October 5, 1999
Greg Selinger New Democratic PartyOctober 5, 1999September 14, 2009
Rosann Wowchuk New Democratic PartyNovember 3, 2009October 3, 2011
Stan Struthers New Democratic PartyOctober 19, 2011October 18, 2013
Jennifer Howard New Democratic PartyOctober 18, 2013November 3, 2014
Greg Dewar New Democratic PartyNovember 3, 2014May 3, 2016
Cameron Friesen Progressive ConservativeMay 3, 2016August 1, 2018
Scott Fielding Progressive ConservativeAugust 1, 2018January 18, 2022
Cameron Friesen Progressive ConservativeJanuary 18, 2022January 30, 2023
Cliff Cullen Progressive ConservativeJanuary 30, 2023October 18, 2023
Adrien Sala New Democratic PartyOctober 18, 2023incumbent

See also

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References

  1. 1 2 3 4 5 6 7 "Annual Report 2019-2020" (PDF). Manitoba Finance. Retrieved 11 September 2021.
  2. ↑ Office, Province of Manitoba | Companies. "Companies Office | Entrepreneurship Manitoba". companiesoffice.gov.mb.ca. Retrieved 2021-05-31.
  3. ↑ "The Public Guardian and Trustee of Manitoba | Province of Manitoba". www.gov.mb.ca. Retrieved 2021-05-30.
  4. 1 2 3 4 5 6 7 8 9 "Finance | Province of Manitoba". Province of Manitoba - Finance. Retrieved 2021-05-30.
  5. 1 2 3 "Manitoba Bureau of Statistics | Province of Manitoba". Province of Manitoba - Manitoba Bureau of Statistics. Retrieved 2021-05-30.
  6. ↑ "About Us | Funeral Board of Manitoba | Province of Manitoba". www.gov.mb.ca. Retrieved 2021-05-31.
  7. ↑ "2019 Annual Report" (PDF). Funeral Board of Manitoba. Retrieved 11 September 2021.
  8. 1 2 "Manitoba Vital Statistics Agency | Province of Manitoba". Province of Manitoba - Manitoba Vital Statistics Agency. Retrieved 2021-05-31.
  9. 1 2 "Annual Report 2019-2020" (PDF). Vital Statistics Agency. Retrieved 11 September 2021.
  10. ↑ "The Statistics Act, C.C.S.M. c. S205". Manitoba Laws. Retrieved 2021-05-30.
  11. 1 2 3 "2020 Annual Report" (PDF). Manitoba Financial Services Agency. Retrieved 11 September 2021.
  12. ↑ "Province of Manitoba | msc - Politiques". mbsecurities.ca. Retrieved 2021-05-30.
  13. 1 2 3 "Province of Manitoba | firb - About FIRB". mbfinancialinstitutions.ca. Retrieved 2021-05-30.
  14. 1 2 3 "Province of Manitoba | msc - About MSC". mbsecurities.ca. Retrieved 2021-05-30.
  15. 1 2 3 "About Us". www.pubmanitoba.ca. Retrieved 2021-05-30.
  16. ↑ "Province of Manitoba | v1 - Who we are". www.pubmanitoba.ca. Retrieved 2021-05-30.
  17. ↑ "Province of Manitoba | v1 - Enabling Legislation". www.pubmanitoba.ca. Retrieved 2021-05-30.
  18. ↑ "MLA Biographies - Deceased". The Legislative Assembly of Manitoba. Government of Manitoba. Retrieved 20 July 2017.
  19. ↑ "MLA Biographies - Living". The Legislative Assembly of Manitoba. Government of Manitoba. Retrieved 20 July 2017.
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