Minister of Industry designated for Small Business Financing

Summary#

This is an order that assigns responsibility for the Canada Small Business Financing Act to the office of the Minister of Industry. The order (P.C. 2025-428) was made on March 14, 2025 and published in the Canada Gazette on March 26, 2025. It also repeals an earlier order (P.C. 2023-781) from July 26, 2023.

What it does#

• Repeals P.C. 2023-781 of July 26, 2023.
• Designates the Minister of Industry as the minister responsible for the Canada Small Business Financing Act.
• The order is an administrative designation. It does not change the text of the law itself.

Who's affected#

• Small business owners who use the program under the Canada Small Business Financing Act.
• Lenders and financial institutions that participate in that program.
• Government officials and anyone who needs to know which minister’s office handles the program.
• The source does not name a specific person; it designates the office of Minister of Industry, not an individual.

Why it matters#

• It tells the public which minister’s office is officially responsible for the small business financing program.
• That affects where questions, requests or complaints about the program should be directed.
• For most users, this is an administrative change and may not immediately change how the program works day to day.