4.2 Financial reporting accounts: Liabilities—Summary for 2022 to 2023

The financial reporting accounts used for government-wide reporting purposes are included in this section. Financial reporting accounts identify the relevant asset, liability, equity, revenue and expense accounts required for financial reporting (maintaining accounts in a general ledger) and for preparing financial statements.

4.2 Financial reporting accounts: Liabilities—Detailed for 2022 to 2023

2

Liabilities

21

Current liabilities

211

Accounts payable

2111

Accounts payable regular

21111

Accounts payable ongoing

21112

Accrued salaries and wages

21113

Accrued liabilities ^{Note 1}

21115

Year end accrual-pending Budget Implementation Act

21117

Accrued interest payable on regular (trade) payables

21119

Other payables

2112

Unpaid payroll deductions

21121

Income taxes payable (to Government of Canada)

21122

Canada pension plan (CPP) payable

21123

Employment insurance (EI) payable

21124

Superannuation deducted ^{Note 16}

21125

Retirement compensation accounts deducted

21126

Other deductions payable to the Government of Canada

21127

Deductions payable to outside parties

21128

Departmental paylist deductions

21129

Other unpaid payroll deductions

2113

Accounts payable interdepartmental

21132

Other government departments (OGD) - Accounts payable ^{Note 43 Note 47}

21134

Goods and services tax (GST) (including harmonized sales tax - HST) payable to Canada Revenue Agency (CRA) ^{Note 22}

21135

Interdepartmental settlement (IS) debits in transit to the Receiver General (for debtor initiated IS) ^{Note 47}

21136

Quebec sales tax (QST) payable to government departments

2114

Notes payable

21141

Notes payable to International Development Association

21142

Notes payable to development banks

21143

Notes payable to international financial institutions

21149

Notes payable to other international organizations and banks

2115

Other accounts payable

21151

Provincial sales tax, excluding harmonized sales tax (HST)

21152

Consolidated Crown corporations and other entities

21153

Contractor's holdback

21154

Accrued interest payable on capital leases

21155

Amounts owing to banks under direct financing arrangements pursuant to the Canada Student Financial Assistance Act (CSFA)

21156

Account payable to other levels of government (contra asset)

21157

Revaluation of foreign currency forward contract

21159

Other accounts payable

2116

Accounts payable by Canada Revenue Agency (CRA) - Tax revenue

21161

Personal and non-residents tax payable account

21162

Corporate income taxes payable

21163

Goods and services tax (GST)

21164

Accounts payable provincial sales tax

21165

Accounts payable Nova Scotia Worker Compensation

21166

Accounts payable to the Ministry of Revenue Quebec (MRQ) by Canada Revenue Agency (CRA)

21167

Accounts payable to provinces - Other taxes

21169

Other tax revenues payable

2117

Accounts payable - Tax revenue - Interdepartmental allocations

21171

Canada pension plan premiums payable to the Department of Social Development

21172

Employment insurance contributions payable to Human Resources and Skills Development (HRSD)

21173

Old age security overpayments payable to the Department of Social Development

21174

T1 (Individual) Provincial and Territorial Tax Collections Payable to Finance

21175

Provincial Benefit Programs Payable to Canada Revenue Agency (CRA)

21176

Harmonized Sales Tax (HST) Payable to Finance (used by Canada Revenue Agency - CRA)

21177

T2 (Corporate) Provincial and Territorial Tax Collections Payable to Finance

21179

Other Payables

212

Interest and Matured Debt

2121

Matured Debt

21211

Marketable Bonds

21212

Canada Savings Bonds

21213

Treasury Bills

21214

Matured Debt in Foreign Currencies

2122

Interest Due on Unmatured Debt

21221

Interest Due

21222

Compound Interest on Canada Savings Bonds

21223

Interest Due on Coupons

2123

Interest Accrued on Unmatured Debt

21231

Interest Accrued on Marketable Bonds

21232

Interest Accrued on Canada Savings Bonds

21233

Interest Accrued on Special Non-Marketable Bonds Issued to Canada Pension Plan (CPP) Investment Fund

21234

Interest Accrued on Unmatured Debt in Foreign Funds

21235

Interest Accrued on Other Liabilities

21236

Interest Accrued for Promissory Notes

21237

Interest Accrued for Medical Equipment Trust

213

Current Portion of Long-Term Debt

2131

Unmatured Debt in Canadian Currency

21311

Marketable Bonds

21312

Canada Savings Bonds

21313

Treasury Bills

2132

Unmatured Debt in Foreign Currency

21321

Marketable Bonds

214

Allowances

2141

Allowance for Employee Benefits ^{Note 23}

21410

Allowance for Maternity/Parental Leave

21411

Allowance for Vacation Pay

21412

Allowance for Termination Benefits - Work Force Adjustment

21413

Allowance for Retroactive Salaries

21414

Allowance for time-off in lieu

21415

Allowance for severance benefits - Departments

21416

Allowance for Termination Benefits - Departments

21417

Allowance for Other Employee Benefits

21418

Consolidated Crown Corporations and Other Entities

21419

Allowance for Sick Leave Benefit Plan - Departments

2142

Allowance for Borrowings of Crown Corporations

21421

Total Borrowings of Agent Enterprise Crown Corporations

21422

Borrowings of Agent Enterprise Crown Corporations Expected to be Repaid

21423

Total Borrowings of Consolidated Crown Corporations

21424

Borrowings of Consolidated Crown Corporations Expected to be Repaid

2143

Other Allowances

21431

Allowance for Accrued Items

21432

Allowance for Loan Guarantees

21433

Allowance for claims and pending and threatened litigations

2144

Allowances for Other Valuation Amounts

21441

Income Tax Refunds

21442

Petroleum Industry Refunds

21443

Harmonized Sales Tax (HST) Payable to Provinces

215

Other Current Liabilities

2151

Deferred Revenues

21510

Deferred Revenues

21511

Lease Inducement

216

Suspense Accounts

2161

General Suspense Accounts

21611

General Suspense Accounts

21612

Intradepartmental Clearing Account

21613

Garnisheed Salaries

21614

Family Orders

21615

Undistributed/Unmatched IS Suspense ^{Note 13 Note 45}

2162

Special Suspense Accounts

21621

Other Government Department (OGD) Suspense

21622

Public Service Superannuation Act (PSSA) / Supplementary Retirements Benefit Account (SRBA) Suspense Clearing

21623

Unclaimed Cheque Suspense

21624

Interdepartmental Settlement Suspense

21625

Contributed Capital Suspense

21626

Reallocation of Internal/External Codes for Interdepartmental Settlement (IS) Transactions

21627

Suspense for Proceeds from Asset Sales ^{Note 20}

22

Pension Accounts

221

Canada Pension Plan (CPP)

2211

Canada Pension Plan Account

22110

Canada Pension Plan Account - Cumulative Funds under Administration

22111

Canada Pension Plan (CPP) - Cumulative Transfers to CPP Investment Board

2212

Securities Held by Canada Pension Plan (CPP) Investment Fund

22121

Provincial and Territorial Bonds Held by Canada Pension Plan (CPP) Investment Fund

22123

Investments of the Government of Canada

2213

Canada Pension Plan (CPP) Short Term Investments Held

22130

Canada Pension Plan - Short Term Investments Held

222

Public Sector Pensions ^{Note 19}

2221

Public Service Pensions

22211

Public Service Superannuation Account

22212

Public Service Superannuation Investment Fund

22213

Public Service Pension Fund

2222

Canadian Forces Pensions

22221

Canadian Forces Superannuation Account

22222

Canadian Forces Superannuation Investment Fund

22223

Canadian Forces Pension Fund

22224

Reserve Force Pension Fund

2223

Royal Canadian Mounted Police (RCMP) Pensions

22231

Royal Canadian Mounted Police (RCMP) Superannuation Account

22232

Royal Canadian Mounted Police (RCMP) Superannuation Investment Fund

22233

Royal Canadian Mounted Police (RCMP) Pension Fund

2224

Members of Parliament Retiring Allowances Accounts

22241

Members of Parliament Retiring Allowances Account (House of Commons)

22242

Senators Retiring Allowances Accounts

2225

Members of Parliament Retirement Compensation Arrangements (RCA) Account

22251

Retirement Compensation Arrangements (RCA) Account - House of Commons

22252

Retirement Compensation Arrangements (RCA) - House of Commons - Cumulative Tax Withheld Recoverable

22255

Retirement Compensation Arrangements (RCA) Account - Senate

22256

Retirement Compensation Arrangements (RCA) Account - Senate - Cumulative Tax Withheld Recoverable

223

Retirement Compensation Arrangements Account (RCA)

2231

Retirement Compensation Arrangements (RCA) Account No. 1 - Public Servants

22311

Retirement Compensation Arrangements (RCA) No. 1 - Public Servants General Account

22312

Retirement Compensation Arrangements (RCA) No. 1 - Public Servants Cumulative Tax Withheld Recoverable

2232

Retirement Compensation Arrangements (RCA) Account No. 1 - National Defence

22321

Retirement Compensation Arrangements (RCA) Account No. 1 - National Defence General Account

22322

Retirement Compensation Arrangements (RCA) Account No. 1 - National Defence Cumulative Tax Withheld Recoverable

2233

Retirement Compensation Arrangements (RCA) Account No. 1 - Royal Canadian Mounted Police (RCMP)

22331

Retirement Compensation Arrangements (RCA) Account No. 1 - Royal Canadian Mounted Police (RCMP) - General Account

22332

Retirement Compensation Arrangements (RCA) No. 1 - Royal Canadian Mounted Police (RCMP) - Cumulative Tax Withheld Recoverable

2234

Retirement Compensation Arrangements (RCA) Account No. 2 - Public Servants

22341

Retirement Compensation Arrangements (RCA) No. 2 - Public Servants General Account

22342

Retirement Compensation Arrangements (RCA) No. 2 - Public Servants - Cumulative Tax Remitted Recoverable

224

Other Public Sector Pension Accounts

2241

Supplementary Retirements Benefit Account (SRBA)

22412

Supplementary Retirements Benefit Account (SRBA) - Judges

22413

Supplementary Retirements Benefit Account (SRBA) - Lieutenant Governors (LGSA)

22414

Supplementary Retirements Benefit Account (SRBA) - Diplomatic DSSSA

22415

Supplementary Retirements Benefit Account (SRBA) - Parliament

22416

Supplementary Retirements Benefit Account (SRBA) - Royal Canadian Mounted Police Pension Continuation Act

22417

Supplementary Retirements Benefit Account (SRBA) - Defence Service Pension Continuation Act

2242

Pension Liabilities Under Other Superannuation Acts

22422

Judges Act - Pension Liability

22423

Lieutenant Governors Superannuation Act - Pension Liability

22424

Diplomatic Services Superannuation Act - Pension Liability

22426

Royal Canadian Mounted Police Continuation Act - Pension Liability

22427

Defence Services Pension Continuation Act - Pension Liability

22429

Other Pension Liabilities

225

Allowance for Pension Adjustments ^{Note 18}

2251

Allowance for Pension Adjustments General Accounts

22511

Public Service Superannuation Account (PSSA) - Allowance for Pension Adjustments

22512

Canadian Forces Superannuation Act (CFSA) - Allowance for Pension Adjustments

22513

Royal Canadian Mounted Police Superannuation Account - Allowance for Pension Adjustments

22514

Members of Parliament Retiring Allowances Account - Allowance for Pension Adjustments

22515

Members of Parliament(MP) Retirement Compensation Arrangements (RCA) - Allowance for Pension Adjustments

22516

Public Service Pension Fund - Allowance for Pension Adjustments

22517

Canadian Forces (CF) Pension Fund - Allowance for Pension Adjustments

22518

Royal Canadian Mounted Police (RCMP) Pension Fund - Allowance for Pension Adjustments

22519

Reserve Force Pension Fund - Allowance for Pension Adjustments

2252

Allowance for Pension Adjustments - Retirement Compensation Arrangements (RCA) Accounts

22521

Retirement Compensation Arrangements (RCA) No. 1 - Public Servants - Allowance for Pension Adjustments

22522

Retirement Compensation Arrangements (RCA) No. 1 - National Defence - Allowance for Pension Adjustments

22523

Retirement Compensation Arrangements (RCA) No. 1 - Royal Canadian Mounted Police - Allowance for Pension Adjustments

22524

Retirement Compensation Arrangements (RCA) No. 2 - Public Servants - Allowance for Pension Adjustments

2253

Allowance for Pension Adjustments - Supplementary Retirements Benefit Account (SRBA)

22532

Supplementary Retirements Benefit Account (SRBA) - Judges Allowance for Pension Adjustments

22533

Supplementary Retirements Benefit Account (SRBA) - Lieutenant Governors (LGSA) - Allowance for Pension Adjustments

22534

Supplementary Retirements Benefit Account (SRBA) - Diplomatic DSSSA - Allowance for Pension Adjustments

22535

Supplementary Retirements Benefit Account (SRBA) - Parliament - Allowance for Pension Adjustments

22536

Supplementary Retirements Benefit Account (SRBA) - RCMP Continuation Act Allowance for Pension Adjustments

22537

Supplementary Retirements Benefit Account (SRBA) - Defence Service Pension Continuation Act Allowance for Pension Adjustments

2254

Allowance for Pension Adjustments - Other Accounts

22549

Other Pension Accounts-Allowance for Pension Adjustments

2255

Consolidated Crown Corporations' Pension Liabilities

22551

Consolidated Crown Corporations' Funded Pension Liabilities

22552

Consolidated Crown corporations' Unfunded Pension Liabilities

226

Insurance, Death Benefit and Other Pension Accounts

2261

Insurance Accounts

22611

Civil Service Insurance Fund

22612

Veterans Insurance Fund

22613

Insurance Company Liquidation Accounts

22614

Returned Soldiers Insurance Fund

22618

Insurance Company Liquidation Contra Account

22619

Other Insurance Accounts

2262

Death Benefit Accounts

22621

Public Service Death Benefit Account

22622

Regular Forces Death Benefit Account

22629

Other Death Benefit Accounts

2263

Other Pension Accounts

22631

Royal Canadian Mounted Police (RCMP) - Dependents Pension Fund

22632

Locally Engaged Contributory Pension Account

22633

Annuity Agent Pension Account

22639

Other Pension Accounts

227

Other Employee Future Benefits

2271

Other Retirement Benefits

22711

Health Care Plan Liability

22712

Dental Plan Liability

2272

Post-Employment Benefits and Compensated Absences

22721

Severance Benefits Liability

22722

Workers' Compensation Liability

22725

Veterans' Benefits Liability

22726

RCMP Benefits Liability

22727

Sick Leave Benefit Plan Liability

22728

Early retirement, severance and other benefits liability for former Cape Breton Development Corporation employees

2273

Consolidated Crown corporations' other employee future benefit liabilities

22731

Consolidated Crown Corporations' Other Employee Future Benefit Liabilities

23

Specified Purpose and Other Liability Accounts

231

Government Annuities Account

2311

Government Annuities Account

23110

Government Annuities Account

23111

Allowance for adjustments - Government Annuities Account

232

Deposit and Trust Accounts ^{Note 18}

2321

Deposit Accounts

23211

Guarantee Deposits Accounts

23212

Seized Property Cash

23213

Other Deposit Accounts

23214

Securities Held in Trust Deposit Accounts (Contra)

23216

SWAPs Collateral Deposit

23217

Canadian Dairy Commission Account

23218

Canada Development Investment Corporation Holdback

23219

Other Consolidated Crown Corporation Deposit Accounts

2322

Trust Accounts

23221

Indian Band Funds

23222

Indian Savings Accounts

23223

Other Trust Accounts

23224

Securities Held in Trust - Other Trust Accounts (Contra)

23225

Indian Estates Account

23226

Indian Moneys Suspense Account

23229

Consolidated Crown Corporation Trust Accounts

2323

Contractor Security Deposits

23231

Contractor Security Deposits Held in Trust - Bonds

23232

Contractor Security Deposits - Cash and Cheques

23233

Contractor Security Deposits Held in Trust - Certified Cheques

23234

Securities Held in Trust Contractor Deposits Bonds (Contra)

23235

Securities Held in Trust Contractor Deposits Certified Cheques (Contra)

233

Provincial and First Nations Tax Collection Agreements Accounts ^{Note 17}

2331

Provincial Tax Collection Agreements Accounts - Personal Income Taxes

23310

Personal Income Taxes - Calendar Year 2020

23311

Personal Income Taxes - Calendar Year 2021

23312

Personal Income Taxes - Calendar Year 2022

23313

Personal Income Taxes - Calendar Year 2023

23314

Personal Income Taxes - Calendar Year 2014

23315

Personal Income Taxes - Calendar Year 2015

23316

Personal Income Taxes - Calendar Year 2016

23317

Personal Income Taxes - Calendar Year 2017

23318

Personal Income Taxes - Calendar Year 2018

23319

Personal Income Taxes - Calendar Year 2019

2332

Provincial Tax Collection Agreements Accounts - Corporate Income Taxes

23320

Corporate Income Taxes - Calendar Year 2020

23321

Corporate Income Taxes - Calendar Year 2021

23322

Corporate Income Taxes - Calendar Year 2022

23323

Corporate Income Taxes - Calendar Year 2023

23324

Corporate Income Taxes - Calendar Year 2014

23325

Corporate Income Taxes - Calendar Year 2015

23326

Corporate Income Taxes - Calendar Year 2016

23327

Corporate Income Taxes - Calendar Year 2017

23328

Corporate Income Taxes - Calendar Year 2018

23329

Corporate Income Taxes - Calendar Year 2019

2333

Provincial Tax Collection Agreements Accounts - Harmonized Sales Taxes

23330

Harmonized Sales Tax - Calendar Year 2020

23331

Harmonized Sales Tax - Calendar Year 2021

23332

Harmonized Sales Tax - Calendar Year 2022

23333

Harmonized Sales Tax - Calendar Year 2023

23334

Harmonized Sales Tax - Calendar Year 2014

23335

Harmonized Sales Tax - Calendar Year 2015

23336

Harmonized Sales Tax - Calendar Year 2016

23337

Harmonized Sales Tax - Calendar Year 2017

23338

Harmonized Sales Tax - Calendar Year 2018

23339

Harmonized Sales Tax - Calendar Year 2019

2334

First Nations Tax Agreement Accounts

23340

Excise Taxes - Calendar Year 2020

23341

Excise Taxes - Calendar Year 2021

23342

Excise Taxes - Calendar Year 2022

23343

Excise Taxes - Calendar Year 2023

23344

Excise Taxes - Calendar Year 2014

23345

Excise Taxes - Calendar Year 2015

23346

Excise Taxes - Calendar Year 2016

23347

Excise Taxes - Calendar Year 2017

23348

Excise Taxes - Calendar Year 2018

23349

Excise Taxes - Calendar Year 2019

2335

First Nation Goods and Services Tax (FNGST)

23350

First Nation Goods and Services Tax - Calendar Year 2020

23351

First Nation Goods and Services Tax - Calendar Year 2021

23352

First Nation Goods and Services Tax - Calendar Year 2022

23353

First Nation Goods and Services Tax - Calendar Year 2023

23354

First Nation Goods and Services Tax - Calendar Year 2014

23355

First Nation Goods and Services Tax - Calendar Year 2015

23356

First Nation Goods and Services Tax - Calendar Year 2016

23357

First Nation Goods and Services Tax - Calendar Year 2017

23358

First Nation Goods and Services Tax - Calendar Year 2018

23359

First Nation Goods and Services Tax - Calendar Year 2019

2336

Provincial Tax Collection Agreements Accounts – Excise Duties and Taxes

23360

Coordinated Cannabis Taxation Agreements – Fiscal Year 2019-2020

23361

Coordinated Cannabis Taxation Agreements – Fiscal Year 2020-2021

23362

Coordinated Cannabis Taxation Agreements – Fiscal Year 2021-2022

23363

Coordinated Cannabis Taxation Agreements – Fiscal Year 2022-2023

23369

Coordinated Cannabis Taxation Agreements – Fiscal Year 2018-2019

234

Other

2341

Major Accounts

23411

Payments in regard to Indian Land Claims

23413

Net Income Stabilization Account

23414

National Defence - Foreign Governments

23415

Communications Security Establishment - Foreign Governments

23418

Funds on Deposit for Military Purchases

23419

Securities Held in Trust for Funds on Deposit for Military Purchases (Contra)

2343

Consolidated Crown Corporations

23431

Telefilm Canada - Advance Account

23439

Other Consolidated Crown Corporations

2344

Other Specified Purpose Accounts

23441

Other Specified Purpose Accounts

23442

Other Specified Purpose Accounts (Contra)

2345

Deferred Revenue - Specified Purpose Accounts

23451

Deferred Revenue - Specified Purpose Accounts

24

Other Long-Term Liabilities

241

Accounts Payable for more than One Year

2411

Long-Term Accounts Payable

24111

Contractors Holdbacks

24112

Future Asset Restoration Liability

24113

Year-end Accruals - Disaster Financial Assistance

24114

Liability for settled claims

24115

Accounts payable for work in progress to be paid at a future date

24119

Other Accounts Payable (to be defined)

2414

Environmental Liabilities

24141

Remediation Liabilities

24142

Expected Recoveries (Contra account for Remediation Liabilities)

24149

Other environmental liabilities

2415

Asset Retirement Obligation

24151

Asset Retirement Obligation

242

Capital Leases

2421

Capital Leases - Land, Buildings and Works

24211

Capital Leases - Land

24212

Capital Leases - Buildings

24213

Capital Leases - Works and Infrastructure

2422

Capital Leases - Machinery and Equipment

24221

Capital Leases - Machinery and Equipment

24222

Capital Leases - Computer Hardware

24223

Capital Leases - Computer Software

24224

Capital Leases - Arms and Weapons

24229

Capital Leases - Other Equipment Including Furniture

2423

Capital Leases - Vehicles

24231

Capital Leases - Ships and Boats

24232

Capital Leases - Aircraft

24233

Capital Leases - Motor Vehicles (Non - Military)

24234

Capital Leases - Military Vehicles

24239

Capital Leases - Other Vehicles

243

Alternative Financing Arrangements

2431

Alternative Financing Arrangements (Public Private Partnerships)

24311

Obligations related to Alternative Financing Arrangements (Public Private Partnerships)

25

Unmatured Debt

251

Unmatured Debt in Canadian Currency

2511

Marketable Bonds

25111

Marketable Bonds

25112

Real Return Bonds

2512

Canada Savings Bonds

25121

Canada Savings Bonds

2513

Treasury Bills

25130

Treasury Bills

2514

Special Non-Marketable Bonds Issued to Canada Pension Plan (CPP) Investment Fund

25140

Special Non-Marketable Bonds Issued to Canada Pension Plan (CPP) Investment Fund

2515

Other Unmatured Debt in Canadian Currency

25151

Canada Health and Social Transfer (CHST) Supplementary Trust for Health Care

25152

Medical Equipment Trust for Health Care

25159

Other Unmatured Debt

2516

Government Holdings of Unmatured Debt (CONTRA)

25160

Government Holdings of Unmatured Debt

252

Unmatured Debt in Foreign Currency

2521

Marketable Bonds

25211

Marketable Bonds Payable in U.S. Dollars

25212

Marketable Bonds Payable in Japanese Yen

25213

Marketable Bonds Payable in Euro

2522

Canada Bills

25220

Canada Bills

2523

Canada Notes

25230

Canada Notes

2524

Currency Swap Transactions

25241

Net Cross - currency SWAPs revaluation

2528

Government's Holdings and Securities Held for the Retirement of Unmatured Debt

25281

Government's Holdings of Unmatured Debt

25282

Securities Held for the Retirement of Unmatured Debt

2529

Other Unmatured Debt in Foreign Currency

25291

Medium Term Notes

253

Consolidated Crown Corporations and Other Entities

2531

Consolidated Crown Corporations and Other Entities

25311

Consolidated Crown Corporations and Other Entities - Unmatured Debt Held - Treasury Bill

25312

Consolidated Crown Corporations and Other Entities - Unmatured Debt Held - Marketable Bonds

254

Loans or Advances of Specified Purpose Accounts from the Government of Canada

2541

Loans or Advances of Specified Purpose Accounts ^{Note 25}

25411

Loans of Employment Insurance Account

25412

Advances of Crop Re-Insurance Fund

25413

Advances to Agricultural Commodities Stabilization Account

26

Financial Liabilities

261

Financial Liabilities

2611

Derivative Liabilities

26111

Foreign currency forward contracts

26112

Cross-currency swaps

26113

Bank of Canada indemnity agreements

26114

Other derivatives