Ten-year comparative financial information
Public Accounts of Canada 2024 Volume I—Top of the page Navigation
The following tables provide a ten-year comparison of financial information based on the accounting policies explained in Note 1 to the audited consolidated financial statements in Section 2 of this volume.
Table 1.1 Government of Canada Consolidated Statement of Operations and Accumulated Operating Deficit—detailed (in millions of dollars)
Year ended March 31Links to footnote 4 in table 1 Links to footnote 5 in table 1 Links to footnote 6 in table 1
2015
2016
2017
2018
2019
2020
2021
2022
2023Links to footnote 2 in table 1 Links to footnote 3 in table 1
2024
Revenues
Tax revenues
Income tax revenues
Personal
135,743
144,897
143,680
153,619
163,881
167,576
174,755
198,385
207,872
217,696
Corporate
39,447
41,444
42,216
47,805
50,368
50,060
54,112
78,815
93,945
82,468
Non-resident
6,216
6,505
7,071
7,845
9,370
9,476
8,107
10,789
13,187
12,541
Total
181,406
192,846
192,967
209,269
223,619
227,112
236,974
287,989
315,004
312,705
Other taxes and duties
Goods and services tax
31,349
32,952
34,368
36,751
38,221
37,386
32,415
46,165
45,962
51,416
Energy taxes
5,528
5,565
5,634
5,739
5,802
5,683
4,894
5,355
5,657
5,599
Customs import duties
4,581
5,372
5,478
5,416
6,881
4,853
4,254
5,237
6,057
5,571
Other excise taxes and duties
5,724
5,916
5,868
5,913
6,323
5,958
5,391
5,923
6,548
6,829
Total
47,182
49,805
51,348
53,819
57,227
53,880
46,954
62,680
64,224
69,415
Total tax revenues
228,588
242,651
244,315
263,088
280,846
280,992
283,928
350,669
379,228
382,120
Employment insurance premiums
22,564
23,070
22,125
21,140
22,295
22,219
22,392
23,856
26,914
29,560
Pollution pricing proceeds
–
–
–
–
–
2,655
4,380
6,341
8,041
10,503
Other revenues
Enterprise Crown corporations and other government business enterprises
9,306
7,916
5,655
7,731
7,101
5,059
(negative 10,542)
12,804
6,452
3,217
Net foreign exchange revenues and return on investments
3,282
3,403
3,296
2,789
3,473
4,218
2,572
1,272
2,374
4,290
Other program revenues
16,165
15,568
15,477
16,468
18,503
18,988
13,716
18,335
24,806
29,859
Total other revenues
28,753
26,887
24,428
26,988
29,077
28,265
5,746
32,411
33,632
37,366
Total revenues
279,905
292,608
290,868
311,216
332,218
334,131
316,446
413,277
447,815
459,549
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance
44,103
45,461
48,162
50,644
53,366
56,227
58,529
60,774
69,392
76,036
Major transfer payments to other levels of government
Canada Health Transfer
32,114
34,025
36,057
37,124
38,568
40,872
45,880
45,133
47,141
49,431
Canada Social Transfer
12,582
12,959
13,348
13,748
14,161
14,585
15,023
15,474
15,938
16,417
Canada-Wide Early Learning and Child Care
–
–
–
–
–
–
–
2,948
4,489
5,612
Fiscal arrangements
16,271
16,893
17,145
17,575
17,929
18,030
19,299
19,121
19,731
21,738
Other major transfers
2,142
1,973
2,102
2,072
5,267
5,688
26,451
5,710
3,485
6,975
Subtotal
63,109
65,850
68,652
70,519
75,925
79,175
106,653
88,386
90,784
100,173
Employment insurance and support measures
18,052
19,419
20,711
19,715
18,888
21,750
58,356
38,923
21,836
23,130
Children's benefits
14,303
18,025
22,065
23,432
23,882
24,344
27,370
26,226
24,553
26,339
COVID-19 income support for workers
–
–
–
–
–
4,739
55,832
15,582
(negative 3,544)
(negative 4,838)
Canada emergency wage subsidy
–
–
–
–
–
–
80,166
22,291
(negative 257)
(negative 420)
Pollution pricing proceeds returned
–
–
–
–
664
2,636
4,566
3,814
6,996
9,858
Other transfer payments
35,126
34,874
41,580
47,138
51,753
54,405
97,961
88,478
99,199
96,371
Total transfer payments
174,693
183,629
201,170
211,448
224,478
243,276
489,433
344,474
308,959
326,649
Other expenses, excluding net actuarial losses
73,971
79,939
77,519
86,488
90,077
95,191
119,089
124,445
129,596
140,014
Total program expenses, excluding net actuarial losses
248,664
263,568
278,689
297,936
314,555
338,467
608,522
468,919
438,555
466,663
Public debt charges
24,207
21,837
21,232
21,889
23,266
24,447
20,358
24,487
34,955
47,273
Total expenses, excluding net actuarial losses
272,871
285,405
299,921
319,825
337,821
362,914
628,880
493,406
473,510
513,936
Annual operating deficit before net actuarial losses
7,034
7,203
(negative 9,053)
(negative 8,609)
(negative 5,603)
(negative 28,783)
(negative 312,434)
(negative 80,129)
(negative 25,695)
(negative 54,387)
Net actuarial losses
(negative 7,584)
(negative 10,064)
(negative 9,904)
(negative 10,352)
(negative 8,361)
(negative 10,609)
(negative 15,295)
(negative 10,186)
(negative 9,627)
(negative 7,489)
Annual operating deficit
(negative 550)
(negative 2,861)
(negative 18,957)
(negative 18,961)
(negative 13,964)
(negative 39,392)
(negative 327,729)
(negative 90,315)
(negative 35,322)
(negative 61,876)
Accumulated operating deficit at beginning of year–as previously (adjusted)
(negative 611,881)
(negative 612,330)
(negative 615,986)
(negative 631,899)
(negative 671,254)
(negative 685,450)
(negative 721,360)
(negative 1,048,746)
(negative 1,148,296)
(negative 1,183,618)
Accounting change and restatement Public sector pensions
(negative 14,119)
(negative 16,580)
(negative 18,454)
(negative 19,641)
–
–
–
–
–
–
Asset retirement obligations
–
–
–
–
–
–
–
(negative 5,379)
–
–
Other comprehensive income (loss)
(negative 2,360)
(negative 2,669)
1,857
(negative 753)
(negative 232)
3,482
343
4,465
–
–
Accumulated operating deficit at end of year
(negative 628,910)
(negative 634,440)
(negative 651,540)
(negative 671,254)
(negative 685,450)
(negative 721,360)
(negative 1,048,746)
(negative 1,139,975)
(negative 1,183,618)
(negative 1,245,494)
Table 1.2 Government of Canada Consolidated Statement of Financial Position—detailed (in millions of dollars)
As at March 31Links to footnote 4 in table 2 Links to footnote 5 in table 2 Links to footnote 6 in table 2
2015
2016
2017
2018
2019
2020
2021
2022
2023Links to footnote 2 in table 2 Links to footnote 3 in table 2
2024
Liabilities
Accounts payable and accrued liabilities
Amounts payable related to tax
56,198
53,697
55,077
61,876
65,200
60,186
71,516
78,463
84,747
87,737
Other accounts payable and accrued liabilities
28,384
31,113
30,130
38,740
43,678
49,875
62,358
87,852
57,771
79,894
Provision for contingent liabilities
11,757
12,562
16,511
23,030
26,447
24,928
44,815
53,436
75,999
56,588
Environmental liabilities and asset retirement obligations
12,296
13,282
12,599
12,291
13,192
14,646
14,484
23,886
23,134
22,643
Deferred revenue
8,161
9,684
9,066
8,220
7,500
10,522
10,424
18,892
17,789
17,194
Total accounts payable and accrued liabilities
116,796
120,338
123,383
144,157
156,017
160,157
203,597
262,529
259,440
264,056
Interest-bearing debt
Unmatured debt
Payable in Canadian currency
Marketable bonds
496,463
513,016
545,382
582,501
576,128
603,639
889,137
1,043,240
1,044,997
1,087,686
Treasury bills
135,361
137,894
136,464
110,264
133,555
151,285
218,664
186,877
198,899
262,983
Retail debt
5,660
5,076
4,533
2,586
1,237
497
299
–
–
–
Subtotal
637,484
655,986
686,379
695,351
710,920
755,421
1,108,100
1,230,117
1,243,896
1,350,669
Payable in foreign currencies
20,277
22,498
17,626
16,089
16,068
15,982
15,469
14,473
16,034
21,246
Obligation related to capital leases
3,710
3,477
3,226
3,203
2,893
2,913
2,708
2,786
2,546
2,366
Obligation under public-private partnership
1,005
1,570
2,199
2,393
3,511
2,590
2,531
2,581
2,564
2,541
Total unmatured debt
662,476
683,531
709,430
717,036
733,392
776,906
1,128,808
1,249,957
1,265,040
1,376,822
Pensions and other future benefits
Public sector pensions
169,244
170,681
171,447
170,914
168,782
168,596
168,761
167,666
166,425
165,354
Other employee and veteran future benefits
76,140
85,681
93,568
104,793
113,862
126,378
144,186
159,705
177,949
196,350
Total pensions and other future benefits
245,384
256,362
265,015
275,707
282,644
294,974
312,947
327,371
344,374
361,704
Canada Pension Plan Account
212
35
106
32
163
279
139
101
306
159
Other liabilities
5,790
5,567
5,583
5,638
5,742
5,772
6,572
7,606
7,033
6,804
Total interest-bearing debt
913,862
945,495
980,134
998,413
1,021,941
1,077,931
1,448,466
1,585,035
1,616,753
1,745,489
Foreign exchange accounts liabilities
19,425
29,288
28,888
29,914
28,507
28,660
24,797
42,252
44,151
44,106
Derivatives
7,716
9,232
9,419
8,786
8,265
11,331
3,245
2,471
4,689
4,131
Total liabilities
1,057,799
1,104,353
1,141,824
1,181,270
1,214,730
1,278,079
1,680,105
1,892,287
1,925,033
2,057,782
Financial assets
Cash and accounts receivable
Cash and cash equivalents
34,999
38,570
36,500
34,642
37,635
37,242
64,101
100,822
49,006
75,059
Taxes receivable
98,499
105,848
110,514
123,035
127,561
121,098
142,023
167,588
180,982
203,045
Other accounts receivable
3,031
10,139
10,316
14,380
11,845
15,375
18,072
11,642
13,532
13,999
Total cash and accounts receivable
136,529
154,557
157,330
172,057
177,041
173,715
224,196
280,052
243,520
292,103
Foreign exchange accounts
International reserves held in the Exchange Fund Account
91,961
101,379
106,668
105,430
107,200
112,017
97,589
127,099
148,866
159,415
International Monetary Fund–Subscriptions
11,129
20,170
19,892
20,647
20,449
21,178
19,633
19,052
20,043
19,757
International Monetary Fund–Loans
1,353
1,278
1,125
775
546
368
197
132
67
–
International Monetary Fund Trusts–Poverty Reduction and Growth Trust
–
–
–
–
–
–
–
–
–
494
International Monetary Fund—Resilience and Sustainability Trust
–
–
–
–
–
–
–
–
414
474
Total foreign exchange accounts
104,443
122,827
127,685
126,852
128,195
133,563
117,419
146,283
169,390
180,140
Derivatives
1,170
764
1,649
979
1,052
810
3,067
4,974
3,260
2,928
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
89,375
91,116
99,427
100,775
108,169
125,108
119,994
143,717
151,051
165,344
Other loans, investments and advances
24,306
24,841
24,579
25,596
25,743
27,394
59,284
63,314
62,059
44,458
Total loans, investments and advances
113,681
115,957
124,006
126,371
133,912
152,502
179,278
207,031
213,110
209,802
Public sector pension assets
1,263
1,639
1,900
2,124
2,406
4,598
6,320
9,203
12,996
20,055
Total financial assets
357,086
395,744
412,570
428,383
442,606
465,188
530,280
647,543
642,276
705,028
Net Debt
(negative 700,713)
(negative 708,609)
(negative 729,254)
(negative 752,887)
(negative 772,124)
(negative 812,891)
(negative 1,149,825)
(negative 1,244,744)
(negative 1,282,757)
(negative 1,352,754)
Non-financial assets
Tangible capital assets
63,347
65,838
69,676
73,835
78,942
83,682
87,583
92,785
97,337
104,552
Inventories
7,250
7,221
6,842
6,679
6,601
6,171
9,764
9,026
9,405
8,214
Prepaid expenses and other
1,206
1,110
1,196
1,119
1,131
1,678
3,732
2,958
3,002
3,837
Total non-financial assets
71,803
74,169
77,714
81,633
86,674
91,531
101,079
104,769
109,744
116,603
Accumulated deficit
(negative 628,910)
(negative 634,440)
(negative 651,540)
(negative 671,254)
(negative 685,450)
(negative 721,360)
(negative 1,048,746)
(negative 1,139,975)
(negative 1,173,013)
(negative 1,236,151)
Accumulated deficit is comprised of:
Accumulated operating deficit
(negative 628,910)
(negative 634,440)
(negative 651,540)
(negative 671,254)
(negative 685,450)
(negative 721,360)
(negative 1,048,746)
(negative 1,139,975)
(negative 1,183,618)
(negative 1,245,494)
Accumulated remeasurement gains
–
–
–
–
–
–
–
–
10,605
9,343
Total
(negative 629,910)
(negative 634,440)
(negative 651,540)
(negative 671,254)
(negative 685,450)
(negative 721,360)
(negative 1,048,746)
(negative 1,139,975)
(negative 1,173,013)
(negative 1,236,151)
Table 1.3 Government of Canada Consolidated Statement of Change in Net Debt—detailed (in millions of dollars)
Year ended March 31Links to footnote 4 in table 3 Links to footnote 5 in table 3 Links to footnote 6 in table 3
2015
2016
2017
2018
2019
2020
2021
2022
2023Links to footnote 2 in table 3 Links to footnote 3 in table 3
2024
Net debt at beginning of year—as previously reported
(negative 682,314)
(negative 686,959)
(negative 693,751)
(negative 714,457)
(negative 752,887)
(negative 772,124)
(negative 812,891)
(negative 1,149,825)
(negative 1,247,307)
(negative 1,282,757)
Accounting changes and restatement
Public sector pensions
(negative 14,119)
(negative 16,580)
(negative 18,454)
(negative 19,641)
–
–
–
–
–
–
Change in revenue recognition criteria
–
2,826
3,596
4,844
–
–
–
–
–
–
Asset retirement obligations
–
–
–
–
–
–
–
(negative 6,328)
–
–
Net debt at beginning of year—as restated
(negative 696,433)
(negative 700,713)
(negative 708,609)
(negative 729,254)
(negative 752,887)
(negative 772,124)
(negative 812,891)
(negative 1,156,153)
(negative 1,247,307)
(negative 1,282,757)
Change in net debt during the year
Annual Operating deficit
(negative 550)
(negative 2,861)
(negative 18,957)
(negative 18,961)
(negative 13,964)
(negative 39,392)
(negative 327,729)
(negative 90,315)
(negative 35,322)
(negative 61,876)
Change due to tangible capital assets
Acquisition of tangible capital assets
(negative 7,204)
(negative 8,015)
(negative 8,547)
(negative 9,793)
(negative 11,134)
(negative 10,286)
(negative 10,127)
(negative 9,588)
(negative 10,703)
(negative 13,585)
Amortization of tangible capital assets
5,090
5,049
5,168
5,261
5,643
5,790
5,969
5,514
5,644
5,633
Proceeds from disposal of tangible capital assets
855
610
373
236
433
41
15
28
26
62
Net loss (gain) on disposal and write-offs of tangible capital assets, including adjustments
(negative 146)
(negative 135)
(negative 832)
137
(negative 49)
(negative 285)
242
(negative 207)
481
675
Total change due to tangible capital assets
(negative 1,405)
(negative 2,491)
(negative 3,838)
(negative 4,159)
(negative 5,107)
(negative 4,740)
(negative 3,901)
(negative 4,253)
(negative 4,552)
(negative 7,215)
Change due to inventories
66
29
379
163
78
430
(negative 3,593)
738
(negative 379)
1,191
Change due to prepaid expenses and other
(negative 31)
96
(negative 86)
77
(negative 12)
(negative 547)
(negative 2,054)
774
(negative 44)
(negative 835)
Increase in net debt excluding remeasurement (losses)
(negative 1,920)
(negative 5,227)
(negative 22,502)
(negative 22,880)
(negative 19,005)
(negative 44,249)
(negative 337,277)
(negative 93,056)
(negative 40,297)
(negative 68,735)
Net remeasurement (losses) gains
–
–
–
–
–
–
–
–
4,847
(negative 1,262)
Other comprehensive income (loss)
(negative 2,360)
(negative 2,669)
1,857
(negative 753)
(negative 232)
3,482
343
4,465
–
–
Net increase in net debt
(negative 4,280)
(negative 7,896)
(negative 20,645)
(negative 23,633)
(negative 19,237)
(negative 40,767)
(negative 336,934)
(negative 88,591)
(negative 35,450)
(negative 69,997)
Net debt at end of year
(negative 700,713)
(negative 708,609)
(negative 729,254)
(negative 752,887)
(negative 772,124)
(negative 812,891)
(negative 1,149,825)
(negative 1,244,744)
(negative 1,282,757)
(negative 1,352,754)
Table 1.4 Government of Canada Consolidated Statement of Cash Flow—detailed (in millions of dollars)
Year ended March 31Links to footnote 4 in table 4 Links to footnote 5 in table 4 Links to footnote 6 in table 4
2015
2016
2017
2018
2019
2020
2021
2022
2023Links to footnote 2 in table 4 Links to footnote 3 in table 4
2024Links to footnote 1 in table 4
Operating activities
Annual Operating deficit
(negative 550)
(negative 2,861)
(negative 18,957)
(negative 18,961)
(negative 13,964)
(negative 39,392)
(negative 327,729)
(negative 90,315)
(negative 35,322)
(negative 61,876)
Non-cash items
Share of annual (profit) loss in enterprise Crown corporations and other government business enterprises
(negative 8,365)
(negative 7,316)
(negative 4,920)
(negative 6,959)
(negative 5,920)
(negative 3,588)
11,638
(negative 11,535)
(negative 3,878)
660
Effective interest on debt
2,261
2,374
1,936
1,999
3,044
4,649
1,559
3,416
9,329
15,082
Provision for valuation on other loans, investments and advances
1,056
1,034
869
(negative 109)
2,080
425
17,175
2,563
6,688
3,431
Amortization of tangible capital assets
5,090
5,049
5,168
5,261
5,643
5,790
5,969
5,514
5,644
5,633
Net (gain) loss on disposal and write-offs of tangible capital assets, including adjustments
(negative 146)
(negative 135)
(negative 832)
137
(negative 49)
(negative 285)
242
(negative 207)
481
675
Net exchange (gain) loss and accrued interest on derivatives
4,343
1,722
(negative 627)
71
(negative 561)
3,318
(negative 10,142)
(negative 2,696)
6,444
(negative 224)
Pensions and other future benefit and interest expenses
21,817
26,491
25,884
29,588
25,662
28,954
35,152
32,127
33,720
32,363
Provision for doubtful accounts
4,315
4,325
2,566
2,323
4,024
4,403
6,257
5,571
6,249
12,638
Net losses on write-offs and write-down of inventory and prepaid expenses
327
698
370
613
400
307
486
2,236
1,524
1,499
Net exchange gain (loss) on foreign exchange accounts and other foreign currency balances
(negative 6,653)
(negative 2,471)
214
(negative 771)
(negative 589)
(negative 5,298)
7,199
3,450
(negative 5,969)
(negative 237)
Foreign exchange accounts net (gain) loss on investments and non-cash interest
–
–
–
–
–
–
–
–
(negative 170)
(negative 1,350)
Change in taxes receivable
(negative 9,920)
(negative 11,182)
(negative 7,425)
(negative 15,846)
(negative 8,292)
2,198
(negative 26,049)
(negative 30,653)
(negative 18,162)
(negative 30,015)
Pension and other future benefit payments
(negative 15,998)
(negative 15,889)
(negative 17,492)
(negative 19,120)
(negative 19,007)
(negative 18,816)
(negative 18,901)
(negative 20,586)
(negative 20,510)
(negative 22,092)
Net change in foreign exchange accounts assets
(negative 8,860)
(negative 15,691)
(negative 5,200)
2,873
(negative 859)
610
5,564
(13,569
–
–
Net change in foreign exchange accounts liabilities
2,114
9,493
(negative 349)
882
(negative 1,400)
(negative 682)
(negative 1,526)
(negative 1,173)
–
–
Change in accounts payable and accrued liabilities
9,858
3,488
2,824
20,849
11,908
4,126
43,564
52,641
(negative 3,221)
4,242
Net change in cash collateral
–
(negative 6,557)
(negative 349)
(negative 1,841)
1,622
(negative 2,825)
9,286
1,802
(negative 2,623)
(negative 249)
Net change in other accounts
(negative 824)
(negative 3,068)
(negative 720)
(negative 516)
1,118
1,036
(negative 9,517)
(negative 3,340)
(negative 4,577)
(negative 7,130)
Cash (used) provided by operating activities
(negative 135)
(negative 10,496)
(negative 17,085)
473
4,860
(negative 15,070)
(negative 249,773)
(negative 64,754)
(negative 24,353)
(negative 46,950)
Capital investment activities
Acquisition of tangible capital assets
(negative 6,804)
(negative 7,379)
(negative 7,834)
(negative 9,220)
(negative 10,010)
(negative 9,598)
(negative 10,030)
(negative 8,886)
(negative 10,891)
(negative 13,560)
Proceeds from disposal of tangible capital assets
855
610
373
236
433
41
15
28
26
62
Cash used by capital investment activities
(negative 5,949)
(negative 6,769)
(negative 7,461)
(negative 8,984)
(negative 9,577)
(negative 9,557)
(negative 10,015)
(negative 8,858)
(negative 10,865)
(negative 13,498)
Investing activities
Enterprise Crown corporations and other government business enterprises
Dividends received and other equity adjustments
3,514
4,975
2,195
7,993
6,302
1,992
(negative 13,989)
13,187
11,505
1,515
Purchases of other investments
–
–
–
–
–
–
–
–
–
(negative 7,569)
Issuance of loans and advances
(negative 79,905)
(negative 54,542)
(negative 52,213)
(negative 42,756)
(negative 48,889)
(negative 54,334)
(negative 48,985)
(negative 67,331)
(negative 63,334)
(negative 65,098)
Repayment of loans and advances
88,168
52,699
48,703
39,884
41,086
42,648
47,837
54,205
52,058
57,332
Issuance of other loans, investments and advances and foreign exchange accounts loans
(negative 7,481)
(negative 7,601)
(negative 5,978)
(negative 7,483)
(negative 7,446)
(negative 8,158)
(negative 54,548)
(negative 14,316)
(negative 13,773)
(negative 12,971)
Repayment of other loans, investments and advances and foreign exchange accounts loans
4,991
5,383
4,708
3,120
4,555
4,699
5,010
7,693
8,737
26,999
Issuance of advances to the Exchange Fund Account
–
–
–
–
–
–
–
–
(negative 47,464)
(negative 41,234)
Repayment of advances to the Exchange Fund Account
–
–
–
–
–
–
–
–
33,331
30,548
Cash (used) provided by investing activities
9,287
914
(negative 2,585)
758
(negative 4,392)
(negative 13,153)
(negative 64,675)
(negative 6,562)
(negative 18,940)
(negative 10,478)
Total cash (used) generated before financing activities
3,203
(negative 16,351)
(negative 27,131)
(negative 7,753)
(negative 9,109)
(negative 37,780)
(negative 324,463)
(negative 80,174)
(negative 54,158)
(negative 70,926)
Financing activities
Issuance of Canadian currency borrowings
468,021
452,850
507,483
441,307
437,135
468,722
1,048,574
710,292
587,867
773,261
Repayment of Canadian currency borrowings
(negative 471,891)
(negative 435,143)
(negative 477,549)
(negative 433,801)
(negative 424,926)
(negative 430,279)
(negative 698,130)
(negative 592,308)
(negative 584,412)
(negative 681,572)
Issuance of foreign currency borrowings
16,961
26,817
21,702
15,847
19,631
17,821
34,185
31,377
23,825
24,573
Repayment of foreign currency borrowings
(negative 12,724)
(negative 24,602)
(negative 26,575)
(negative 17,458)
(negative 19,738)
(negative 18,877)
(negative 33,307)
(negative 32,466)
(negative 23,900)
(negative 18,195)
Receipt of Canadian currency under swap contracts
–
–
–
–
–
–
–
–
7,324
9,808
Payment of Canadian currency under swap contracts
–
–
–
–
–
–
–
–
(negative 22,893)
(negative 17,603)
Receipt of foreign currency under swap contracts
–
–
–
–
–
–
–
–
22,879
17,603
Payment of foreign currency under swap contracts
–
–
–
–
–
–
–
–
(negative 8,348)
(negative 10,896)
Cash provided (used) by financing activities
367
19,922
25,061
5,895
12,102
37,387
351,322
116,895
2,342
96,979
Net increase (decrease) in cash and cash equivalents
3,570
3,571
(negative 2,070)
(negative 1,858)
2,993
(negative 393)
26,859
36,721
(negative 51,816)
26,053
Cash and cash equivalents at beginning of year
31,429
34,999
38,570
36,500
34,642
37,635
37,242
64,101
100,822
49,006
Cash and cash equivalents at end of year
34,999
38,570
36,500
34,642
37,635
37,242
64,101
100,822
49,006
75,059
Table 1.5 Government of Canada Consolidated Statement of Non-Budgetary Transactions and of Non‑Financial Assets—detailed (in millions of dollars)
Year ended March 31Links to footnote 4 in table 5 Links to footnote 5 in table 5 Links to footnote 6 in table 5
2015
2016
2017
2018
2019
2020
2021
2022
2023Links to footnote 2 in table 5 Links to footnote 3 in table 5
2024
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
Loans and advances
Canada Mortgage and Housing Corporation
10,465
177
720
1,124
592
(negative 6,282)
(negative 907)
(negative 2,024)
(negative 2,510)
(negative 2,310)
Business Development Bank of Canada
(negative 1,356)
(negative 1,266)
(negative 1,869)
(negative 1,659)
(negative 1,765)
(negative 1,170)
5,179
(negative 1,848)
(negative 6,793)
(negative 2,626)
Farm Credit Canada
(negative 658)
(negative 748)
(negative 2,245)
(negative 2,318)
(negative 1,850)
(negative 2,794)
(negative 1,699)
(negative 3,106)
(negative 2,821)
(negative 2,829)
Canadian Development Investment Corporation
–
–
–
–
(negative 4,790)
(negative 1,465)
(negative 3,725)
(negative 6,290)
138
(negative 764)
Other
(negative 167)
(negative 11)
(negative 117)
(negative 18)
9
17
(negative 12)
154
(negative 26)
(negative 2)
Subtotal
8,284
(negative 1,848)
(negative 3,511)
(negative 2,871)
(negative 7,804)
(negative 11,694)
(negative 1,164)
(negative 13,114)
(negative 12,012)
(negative 8,531)
Investments
Share of annual loss (profit)
(negative 8,365)
(negative 7,316)
(negative 4,920)
(negative 6,959)
(negative 5,920)
(negative 3,588)
11,638
(negative 11,535)
(negative 3,878)
660
Other comprehensive (income) loss
2,360
2,669
(negative 1,857)
753
232
(negative 3,482)
(negative 343)
(negative 4,465)
(negative 1,628)
221
Dividends
2,341
4,002
2,320
8,058
6,427
3,618
13,592
6,050
1,695
1,423
Capital
1,030
973
(negative 125)
(negative 65)
(negative 125)
(negative 1,816)
(negative 18,470)
(negative 435)
8,717
(negative 290)
Equity adjustments and other
143
–
–
–
–
190
(negative 24)
2
(negative 27)
(negative 13)
Canada Mortgage Bonds
–
–
–
–
–
–
–
–
–
(negative 7,580)
Subtotal
(negative 2,491)
328
(negative 4,582)
1,787
614
(negative 5,078)
6,393
(negative 10,383)
4,879
(negative 5,579)
Total
5,793
(negative 1,520)
(negative 8,093)
(negative 1,084)
(negative 7,190)
(negative 16,772)
5,229
(negative 23,497)
(negative 7,133)
(negative 14,110)
Less:
Loans expected to be repaid from future appropriations
353
221
218
264
204
167
115
225
201
183
Total
5,440
(negative 1,741)
(negative 8,311)
(negative 1,348)
(negative 7,394)
(negative 16,939)
5,114
(negative 23,722)
(negative 7,334)
(negative 14,293)
Other loans, investments and advances
Portfolio investments
119
351
286
1,235
(negative 616)
(negative 385)
(negative 165)
390
(negative 166)
(negative 247)
Capital subscriptions - International organizations
–
–
–
(negative 257)
257
–
–
–
–
–
Loans and advances
Canada Emergency Business Account
–
–
–
–
–
–
(negative 28,789)
344
3,864
21,016
Canada Student Loans and Canada Apprentice Loans
(negative 1,021)
(negative 694)
(negative 504)
(negative 913)
(negative 1,156)
(negative 637)
(negative 1,120)
(negative 115)
(negative 510)
1,683
Unconditionally repayable contributions
(negative 170)
(negative 1,177)
47
(negative 139)
(negative 147)
(negative 389)
(negative 1,619)
(negative 1,098)
(negative 948)
(negative 622)
Other loans and advances
(negative 414)
985
433
(negative 943)
1,515
(negative 240)
(negative 197)
(negative 3,550)
(negative 984)
(negative 4,229)
Total loans and advances
(negative 1,605)
(negative 886)
(negative 24)
(negative 1,995)
212
(negative 1,266)
(negative 31,725)
(negative 4,419)
1,422
17,848
Total
(negative 1,486)
(negative 535)
262
(negative 1,017)
(negative 147)
(negative 1,651)
(negative 31,890)
(negative 4,029)
1,256
17,601
Total loans, investments and advances
3,954
(negative 2,276)
(negative 8,049)
(negative 2,365)
(negative 7,541)
(negative 18,590)
(negative 26,776)
(negative 27,751)
(negative 6,078)
3,308
Pensions and other future benefits
Public sector pensions
1,638
1,061
505
(negative 757)
(negative 2,414)
(negative 2,378)
(negative 1,557)
(negative 3,979)
(negative 5,034)
(negative 8,130)
Other employee and veteran future benefits
4,181
9,541
7,887
11,225
9,069
12,516
17,808
15,519
18,244
18,401
Total pensions and other future benefits
5,819
10,602
8,392
10,468
6,655
10,138
16,251
11,540
13,210
10,271
Other liabilities
Canada Pension Plan Account
72
(negative 177)
71
(negative 74)
131
115
(negative 139)
(negative 38)
204
(negative 146)
Other liabilities
16
(negative 223)
16
55
104
31
800
1,034
(negative 573)
(negative 230)
Total other liabilities
88
(negative 400)
87
(negative 19)
235
146
661
996
(negative 369)
(negative 376)
Non-financial assets
Tangible capital assets
(negative 1,405)
(negative 2,491)
(negative 3,838)
(negative 4,159)
(negative 5,107)
(negative 4,740)
(negative 3,901)
(negative 5,202)
(negative 4,552)
(negative 7,214)
Inventories
66
29
379
163
78
430
(negative 3,593)
738
(negative 379)
1,191
Prepaid expenses and other
(negative 31)
96
(negative 86)
77
(negative 12)
(negative 547)
(negative 2,054)
774
(negative 44)
(negative 835)
Total non-financial assets
(negative 1,370)
(negative 2,366)
(negative 3,545)
(negative 3,919)
(negative 5,041)
(negative 4,857)
(negative 9,548)
(negative 3,690)
(negative 4,975)
(negative 6,858)
Other transactions
Taxes receivable
(negative 6,010)
(negative 7,349)
(negative 4,666)
(negative 12,521)
(negative 4,526)
6,463
(negative 20,925)
(negative 25,565)
(negative 13,394)
(negative 22,063)
Other accounts receivable
675
(negative 7,108)
(negative 177)
(negative 4,064)
2,535
(negative 3,530)
(negative 2,697)
6,430
(negative 1,890)
(negative 467)
Derivative assets
(negative 402)
406
(negative 885)
670
(negative 73)
242
(negative 2,257)
(negative 1,907)
1,714
332
Provincial, Territorial and Indigenous Tax Agreements Account
951
2,780
(negative 1,942)
5,034
(negative 351)
(negative 4,710)
7,691
16,140
(negative 20,942)
11,285
Amounts payable related to tax
3,598
(negative 2,501)
1,380
6,799
3,324
(negative 5,014)
11,330
6,947
6,285
2,990
Derivative liabilities
4,536
1,516
187
(negative 633)
(negative 521)
3,066
(negative 8,086)
(negative 774)
2,218
(negative 558)
Other liabilities
5,661
3,262
3,607
8,941
8,888
13,863
24,419
35,845
11,568
(negative 9,659)
Total other transactions
9,009
(negative 8,994)
(negative 2,496)
4,226
9,276
10,380
9,475
37,116
(negative 14,441)
(negative 18,140)
Total non-budgetary transactions and non-financial assets
17,500
(negative 3,434)
(negative 5,611)
8,391
3,584
(negative 2,783)
(negative 9,937)
18,211
(negative 12,653)
(negative 11,795)
Table 1.6 Government of Canada Consolidated Statement of Foreign Exchange, Unmatured Debt and Cash Transactions—detailed (in millions of dollars)
Year ended March 31Links to footnote 4 in table 6
2015
2016
2017
2018
2019
2020
2021
2022
2023Links to footnote 3 in table 6
2024
Foreign exchange accounts
Assets
International reserves held in the Exchange Fund Account
(negative 14,596)
(negative 9,418)
(negative 5,289)
1,238
(negative 1,770)
(negative 4,817)
14,427
(negative 29,510)
(negative 21,767)
(negative 10,549)
International Monetary Fund—Subscriptions
(negative 246)
(negative 9,041)
278
(negative 755)
198
(negative 729)
1,546
581
(negative 992)
286
International Monetary Fund—Loans
312
75
153
350
229
178
171
65
65
67
International Monetary Fund—Poverty Reduction and Growth Trust
–
–
–
–
–
–
–
–
–
(negative 494)
International Monetary Fund—Resilience and Sustainability Trust
–
–
–
–
–
–
–
–
(negative 414)
(negative 60)
Subtotal
(negative 14,530)
(negative 18,384)
(negative 4,858)
833
(negative 1,343)
(negative 5,368)
16,144
(negative 28,864)
(negative 23,108)
(negative 10,750)
Liabilities
International Monetary Fund
Special drawing rights allocations
(negative 231)
(negative 493)
150
(negative 409)
107
(negative 396)
840
(negative 17,945)
(negative 1,489)
430
Notes payable
(negative 1,543)
(negative 9,370)
250
(negative 617)
1,300
243
3,023
490
(negative 411)
(negative 385)
Subtotal
(negative 1,774)
(negative 9,863)
400
(negative 1,026)
1,407
(negative 153)
3,863
(negative 17,455)
(negative 1,900)
45
Total foreign exchange accounts
(negative 12,756)
(negative 8,521)
(negative 5,258)
1,859
(negative 2,750)
(negative 5,215)
12,281
(negative 11,409)
(negative 21,208)
(negative 10,795)
Unmatured debt
Payable in Canadian currency
Marketable bonds
15,428
16,553
32,366
37,119
(negative 6,373)
27,511
285,498
154,103
1,757
42,689
Treasury bills
(negative 17,169)
2,533
(negative 1,430)
(negative 26,200)
23,291
17,730
67,379
(negative 31,787)
12,022
64,084
Retail debt
(negative 667)
(negative 584)
(negative 543)
(negative 1,947)
(negative 1,349)
(negative 740)
(negative 198)
(negative 299)
–
–
Subtotal
(negative 2,408)
18,502
30,393
8,972
15,569
44,501
352,679
122,017
13,779
106,773
Payable in foreign currencies
4,211
2,221
(negative 4,872)
(negative 1,537)
(negative 21)
(negative 86)
(negative 513)
(negative 996)
1,561
5,212
Obligation related to capital leases
107
(negative 233)
(negative 251)
(negative 23)
(negative 310)
20
(negative 205)
78
(negative 240)
(negative 180)
Obligation under public-private partnership
(negative 174)
565
629
194
1,118
(negative 921)
(negative 59)
50
(negative 17)
(negative 23)
Total unmatured debt
1,736
21,055
25,899
7,606
16,356
43,514
351,902
121,149
15,083
111,782
Cash and cash equivalents at end of year
In Canadian currency
34,716
36,022
35,353
34,110
36,840
36,400
63,685
100,166
47,891
73,809
In foreign currencies
283
2,548
1,147
532
795
842
416
656
1,115
1,250
Total cash and cash equivalents
34,999
38,570
36,500
34,642
37,635
37,242
64,101
100,822
49,006
75,059
Public Accounts of Canada 2024 Volume I—Bottom of the page Navigation
Date modified:
2024-12-17