Consolidated Revenue Fund of Canada

Last updated March 21, 2019

The Consolidated Revenue Fund of Canada (French : Fonds consolidé de revenu du Canada) is the account into which taxes and revenue are deposited, and from which funds are withdrawn in order to defray the costs of public services. Funds are deposited and withdrawn by the Receiver General for Canada.

French is a Romance language of the Indo-European family. It descended from the Vulgar Latin of the Roman Empire, as did all Romance languages. French evolved from Gallo-Romance, the spoken Latin in Gaul, and more specifically in Northern Gaul. Its closest relatives are the other langues d'oïl—languages historically spoken in northern France and in southern Belgium, which French (Francien) has largely supplanted. French was also influenced by native Celtic languages of Northern Roman Gaul like Gallia Belgica and by the (Germanic) Frankish language of the post-Roman Frankish invaders. Today, owing to France's past overseas expansion, there are numerous French-based creole languages, most notably Haitian Creole. A French-speaking person or nation may be referred to as Francophone in both English and French.

The Receiver General for Canada is responsible for making payments to the Government of Canada each fiscal year, accepting payments from financial institutions and preparing the Public Accounts of Canada, containing annual audited financial statements of the Government of Canada. The Receiver General deposits and withdraws funds from the Consolidated Revenue Fund of Canada.

Receiver General for Canada

Payments to and from the Consolidated Revenue Fund of Canada are made by the Receiver General, currently the Hon. Carla Qualtrough.^[1] By convention, one becomes the Receiver General by virtue of also being the Minister of Public Works and Government Services.^{[ citation needed ]}

Carla Qualtrough is a Canadian politician and former Paralympic athlete who was elected as a Member of Parliament in the House of Commons of Canada to represent the federal electoral district of Delta during the 2015 federal election. On March 4, 2019, Qualtrough became the acting President of the Treasury Board after Jane Philpott resigned in reaction to the SNC-Lavalin Affair.

Cheques distributed by the Government of Canada to citizens and organizations are made in the name of the Receiver General, just as payments to the Government are made out to the same. The Receiver General by convention, however, never exercises any degree of discretion over payments to or from the Consolidated Revenue Fund, other than by following whatever directives might exist in relevant statutes and regulations.^{[ citation needed ]}

The Government of Canada, officially Her Majesty's Government, is the federal administration of Canada. In Canadian English, the term can mean either the collective set of institutions or specifically the Queen-in-Council. In both senses, the current construct was established at Confederation through the Constitution Act, 1867—as a federal constitutional monarchy, wherein the Canadian Crown acts as the core, or "the most basic building block", of its Westminster-style parliamentary democracy. The Crown is thus the foundation of the executive, legislative, and judicial branches of the Canadian government. Further elements of governance are outlined in the rest of the Canadian Constitution, which includes written statutes, court rulings, and unwritten conventions developed over centuries.

Establishing the fund

The Consolidated Revenue Fund of Canada is established by Section 102 of the Constitution Act, 1867 . The Act went on to stipulate several charges to be made to the fund, some of which were recurring charges, and continue to be withdrawn from the fund today, in accordance with the Act. The original balance of the fund was created from the consolidated financial resources of whatever revenue and taxation could be lawfully appropriated by the Legislatures of the provinces of Ontario, Quebec, New Brunswick and Nova Scotia. Taxes and revenue appropriated by the Government of Canada are deposited into the current Consolidated Revenue Fund.^{[ citation needed ]}

The Constitution Act, 1867 is a major part of Canada's Constitution. The Act created a federal dominion and defines much of the operation of the Government of Canada, including its federal structure, the House of Commons, the Senate, the justice system, and the taxation system. The British North America Acts, including this Act, were renamed in 1982 with the patriation of the Constitution ; however, it is still known by its original name in United Kingdom records. Amendments were also made at this time: section 92A was added, giving provinces greater control over non-renewable natural resources.

A legislature is a deliberative assembly with the authority to make laws for a political entity such as a country or city. Legislatures form important parts of most governments; in the separation of powers model, they are often contrasted with the executive and judicial branches of government.

Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada. It is Canada's most populous province accounting for 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital.

The First Charge

The First Charge, established by Section 103 of the Constitution Act, 1867, is the cost of the actual maintenance of the Consolidated Revenue Fund itself. In accordance with the Act, the costs of collection, management and receipt of the fund are to be the first charge made to the account.^{[ citation needed ]}

The Second Charge

The Second Charge, as established by Section 104 of the Act, was the annual interest on the provincial debts of the provinces of Canada, Nova Scotia and New Brunswick just before their union. The application of this second charge to the Consolidated Revenue Fund has since ended, in any practical sense. One could argue that the payment of the federal debt from the fund could constitute a modern variation on this Second Charge.^{[ citation needed ]}

The Province of Canada was a British colony in North America from 1841 to 1867. Its formation reflected recommendations made by John Lambton, 1st Earl of Durham in the Report on the Affairs of British North America following the Rebellions of 1837–1838.

Nova Scotia is one of Canada's three Maritime Provinces, and one of the four provinces that form Atlantic Canada. Its provincial capital is Halifax. Nova Scotia is the second-smallest of Canada's ten provinces, with an area of 55,284 square kilometres (21,300 sq mi), including Cape Breton and another 3,800 coastal islands. As of 2016, the population was 923,598. Nova Scotia is Canada's second-most-densely populated province, after Prince Edward Island, with 17.4 inhabitants per square kilometre (45/sq mi).

New Brunswick is one of four Atlantic provinces on the east coast of Canada. According to the Constitution of Canada, New Brunswick is the only bilingual province. About two thirds of the population declare themselves anglophones and a third francophones. One third of the overall population describe themselves as bilingual. Atypically for Canada, only about half of the population lives in urban areas, mostly in Greater Moncton, Greater Saint John and the capital Fredericton.

The Third Charge

The Third Charge, established by Section 105 of the Act, is the payment of the salary of the Governor General of Canada from the Consolidated Revenue Fund; by convention, this charge takes precedence over all others from the fund, even today. The current salary of the Governor General beginning on January 1, 2013 is $270,602 per annum.^[2]

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References

↑ Government of Canada. "About the Receiver General for Canada". Public Services and Procurement Canada. Retrieved March 13, 2018.
↑ Branch, Legislative Services. "Consolidated federal laws of canada, Governor General's Act". laws-lois.justice.gc.ca.

External links

Constitution Act, 1867

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[1] Government of Canada. "About the Receiver General for Canada". Public Services and Procurement Canada. Retrieved March 13, 2018.

[2] Branch, Legislative Services. "Consolidated federal laws of canada, Governor General's Act". laws-lois.justice.gc.ca.