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The Canada Deposit Insurance Corporation ( CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' deposits held at Canadian banks (and other member ...
The Department of Finance Canada ( French: Ministère des Finances Canada) is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government on economic and financial issues.
The receiver general for Canada ( French: receveur général du 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.
Direct deposit is an electronic transfer of funds from a payer to a payee’s account. You can set up direct deposits with the following types of accounts: Traditional deposit bank accounts, such ...
Direct deposit. A direct deposit (or direct credit ), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment ...
Automated Clearing Settlement System ( ACSS) — a system through which Canadian-dollar cheques and electronic payment items (such as direct deposits, ATM withdrawals, point-of-sale transactions, online payments, and pre-authorized debit and bill payments) are cleared and settled.
The Bank of Canada ( BoC; French: Banque du Canada) is a Crown corporation and Canada 's central bank. [4] Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, [5] and for the promotion of a safe and sound financial system within Canada. [6] The Bank of Canada is the sole issuing authority ...
Service Canada officially began operations on September 14, 2005 with a mandate to provide a single point of access to a range of government services and benefits either in person, by phone, by internet, or by mail.
Statistics Canada ( StatCan; French: Statistique Canada ), formed in 1971, is the agency of the Government of Canada commissioned with producing statistics to help better understand Canada, its population, resources, economy, society, and culture. It is headquartered in Ottawa.
Infrastructure Canada is the lead federal department responsible for infrastructure policy development and program delivery. The department makes investments for both local and regional infrastructure needs. In the first year after its creation, the department invested mostly in water and wastewater plants, highways, culture, recreation, and ...