Minister Designated for Canada Small Business Financing Act

Summary#

This order names the Minister of Small Business and Tourism as the minister responsible for the Canada Small Business Financing Act. The order was issued as P.C. 2023-781 on July 26, 2023 and published in the Canada Gazette on August 16, 2023.

What it does#

• Repeals the earlier Order in Council P.C. 2021-939 (the previous designation made on October 26, 2021).
• Designates the Minister of Small Business and Tourism as the minister for the purposes of the Canada Small Business Financing Act.

Who's affected#

• The change is primarily administrative.
• Anyone who needs to know which minister is formally responsible for the Canada Small Business Financing Act (for example, officials, lawyers, or people tracking which Cabinet member oversees the law) will be affected by this designation.
• The notice does not describe any new programs, funding, or rules, so it is unclear that ordinary small-business owners will see a direct change in services or loans.

Why it matters#

• The order clarifies which Cabinet minister has legal responsibility for the Canada Small Business Financing Act.
• That matters if you need to contact the responsible minister’s office, follow who oversees the Act, or track accountability for how the Act is carried out.
• Otherwise, this is a routine administrative step and does not itself change the substance of the law or any program details.