Canada

Government of Canada Federal Fiscal Transparency Framework

Financial Administration Act (FAA) RSC 1985 c F-11; Auditor General Act RSC 1985 c A-17; Federal Accountability Act SC 2006 c 9; Parliament of Canada Act RSC 1985 c P-1 (as amended by Budget Implementation Act 2017); Public Servants Disclosure Protection Act SC 2005 c 46; Treasury Board Directive on the Management of Procurement 2022; Crown Assets Disposal Act RSC 1985 c C-38

Statute text →

Fiscal Transparency: 74/100 (good)
74
out of 100
moderate
37 of 37 scored fields populated. Higher = stronger statutory transparency requirements.

Canada's federal fiscal framework is anchored in the Financial Administration Act (RSC 1985 c F-11), which governs the Consolidated Revenue Fund, annual appropriations, Public Accounts tabling by 31 December, and Crown corporation financial planning. The Auditor General (Auditor General Act RSC 1985 c A-17) is an Officer of Parliament with a non-renewable 10-year term, conducting financial and value-for-money audits. The Parliamentary Budget Officer (Parliament of Canada Act, independent from 2017) provides independent fiscal analysis. Whistleblower protections are statutory via the Public Servants Disclosure Protection Act 2005. IBP OBS 2023 transparency score: 74/100.

Transparency Requirements

Budget Publicationmax 12 pts

Budget publication required ✓ Yes
Budget published online ✓ Yes
Budget publication timeline 45 days before fiscal year
Machine-readable budget format No
Draft budget required before adoption No

Expenditure Disclosuremax 12 pts

Expenditure disclosure required ✓ Yes
Expenditure granularity department
Public expenditure portal required No
Expenditure reporting frequency quarterly

Independent Auditmax 12 pts

Audit required ✓ Yes
Auditor independent of entity ✓ Yes
Auditor selection method appointed independent
Audit frequency annual
Audit reports public ✓ Yes
Audit scope financial performance

Contract & Procurementmax 10 pts

Public bidding required ✓ Yes
Public bidding threshold 25,000 CAD
Contract publication required ✓ Yes
Bid award disclosure ✓ Yes
Beneficial ownership disclosure No

Debt & Liability Disclosuremax 10 pts

Debt disclosure required ✓ Yes
Pension liability disclosure ✓ Yes
Contingent liability disclosure ✓ Yes
Voter approval required for new debt No

Fiscal Reporting Frequencymax 10 pts

Interim reporting required ✓ Yes
Interim reporting frequency quarterly
Year-end report deadline 270 days after fiscal year
Citizens budget required No

Enforcement & Oversightmax 10 pts

Non-compliance penalties ✓ Yes
Fiscal oversight body ✓ Yes
Whistleblower protections ✓ Yes
Legislative budget office ✓ Yes

Revenue & Tax Transparencymax 8 pts

Tax expenditure reporting No
Revenue forecasting required ✓ Yes
Tax rate publication ✓ Yes
Fee schedule publication No

Compensation & Payrollmax 8 pts

Salary disclosure required ✓ Yes
Salary disclosure scope executives
Pension benefit disclosure ✓ Yes
Overtime reporting No

Capital & Asset Disclosuremax 8 pts

Capital plan required ✓ Yes
Asset inventory required ✓ Yes
Surplus asset disposal transparency ✓ Yes

All Fiscal Transparency Laws