Finance Canada develops policies and provides advice to the Government with the goal of creating a healthy economy for all Canadians.
The department is responsible for some of the key legislation for the co-operative sector, including the Co-operative Credit Associations Act (credit unions and caisses populaires) and Insurance Companies Act (insurance co-operatives and mutuals).
Outside of on-going work on legislation, regulations and tax policies that have an overall impact on all co-operatives (e.g. corporate tax rates and income tax rules), Finance Canada has introduced Bill C-9, which proposes to amend the Bank Act in order to allow for federally incorporated and regulated credit unions and caisses populaires.
Facts sheets on credit unions and caisse populaires in Canada are produced by Finance Canada from time to time.