Thematic Index
Entries Categorized: Financial Law (16)
Below you'll find a list of all entries that have been categorized as Financial Law
Auditor General
Concept of Auditor General Definition of Auditor General by Rand Dyck and Christopher Cochrane (in their book Canadian Politics: Critical Approaches) in the context of political science in Canada: The official of Parliament whose staff audits the expenditures of government departments and […]
Borrowing Authority
The government exercises its borrowing authority when there is a shortfall between its expenditures, as authorized by Parliament in the main and supplementary estimates and in interim supply, and its revenues, whose projected levels are also approved by Parliament. The government borrows […]
Budget
Concept of Budget Definition of Budget by Rand Dyck and Christopher Cochrane (in their book Canadian Politics: Critical Approaches) in the context of political science in Canada: The annual financial statement of the government usually issued in the early spring by the minister of finance […]
Electoral Finance
Reforming Electoral Finance Before 1974, only the finances of candidates were regulated under electoral legislation, leaving all others free to promote the party or candidate of their choice to whatever extent they saw fit. In the opinion of the 1966 Committee on Election Expenses (Barbeau), […]
History of Supply Procedures
Historical Perspective of supply proceedings The supply procedures established in 1867 remained basically unchanged for the first hundred years following Confederation. Deriving from a long‑standing rule of the British House of Commons,[106] the business of supply was considered in a […]
Parliamentary Financial Procedures
The development of parliamentary procedure is closely bound up with the evolution of the financial relationship between Parliament and the Crown. As the executive power,[1] the Crown is responsible for managing all the revenue of the state, including all payments for the public service.[2] […]
Political Contributions
Political Contributions Contribution Limits Major changes to the political financing regime that came into effect in 2004 and 2007 set […]
Public Accounts
Public Accounts of Canada The financial role of the House of Commons does not end with voting supply or authorizing measures to raise revenue. The House also acts as a “watchdog” to ensure that federal money is spent in the amounts and for the purposes authorized by Parliament.[1] This […]
Public Accounts Committee
The Standing Committee on Public Accounts Under the Standing Orders, all reports of the Auditor General, as well as the Public Accounts of Canada, are deemed permanently referred to the Standing Committee on Public Accounts as soon as they are tabled in the House.[1] Since 1987, the […]
Royal Recommendation
The Royal Recommendation The Royal Recommendation in Financial Procedures Under the Canadian system of government, the Crown alone initiates all public expenditure and Parliament may only authorize spending which has been recommended by the Governor General.[54] This prerogative, referred […]
Special Warrant
Special Warrants Governor General’s Special Warrants In special circumstances, the Financial Administration Act allows the Governor in Council to ask the Governor General to issue a Special Warrant[1] permitting the government to make charges on the Consolidated Revenue Fund, not otherwise […]
Supplementary Estimates
Should the amounts voted under the main estimates prove insufficient, or should new funding or a reallocation of funds between already authorized budgetary items be required during a fiscal year, the government may ask Parliament to approve additional expenditures or the reallocations, that […]
Supply Bill
The Supply Bill The Supply Bill or Appropriation Act Concurrence in the estimates or in interim supply is an order of the House to bring in an appropriation bill or bills giving effect to the spending authority (amounts and their destinations) that the House has approved.[327] Once adopted, […]
Supply Procedures
The Public Business of Supply The business of supply is the process by which the government asks Parliament to appropriate the funds required to meet its financial obligations and to implement programs already approved by Parliament. The Crown, acting on the advice of its responsible […]
Tax Credits
Tax Credits Tax Credits for Political Contributions Although contributions can take the form of money, goods or services, only a […]
Ways and Means
The Business of Ways and Means The business of “ways and means” is the process by which the government sets out its economic policy through the presentation of a budget and obtains parliamentary approval to raise the necessary revenues through taxation. The most important revenue‑raising […]