Other liabilities

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Other liabilities include general liabilities established under the authority of section 64 of the Financial Administration Act as well as specified purpose accounts opened under the authority of section 21 of the Financial Administration Act or of other specific legislation. Specified purpose accounts are an accounting classification used to record transactions and expenditures in respect of money payable out of the Consolidated Revenue Fund under statutory authorities, pursuant to legislation, trusts, treaties, undertakings or contracts. Legislation relating to some of these accounts permits investments to be made and, in certain cases, the balances of the accounts earn interest.

Canada Pension Plan

The Canada Pension Plan (CPP) is a federal/provincial social insurance program established by an Act of Parliament in 1965. It began operations in 1966. The CPP is compulsory and in operation in all parts of Canada, except for the Province of Quebec. The objective of the program is to provide a measure of protection to workers and their families against the loss of earnings due to retirement, disability or death. The CPP is financed from employees, employers and self‑employed workers contributions, as well as investment earnings. The CPP's investments are held and managed by the Canada Pension Plan Investment Board (CPPIB).

The CPP is administered by the Government of Canada. As the CPP is controlled by both the Government of Canada and the provinces, its financial activities are not part of the Government's reporting entities.

The Minister of Employment and Social Development is responsible for the administration of the CPP under the Canada Pension Plan Act; the Minister of National Revenue is responsible for collecting contributions. The Minister of Finance and his provincial counterparts are responsible for setting CPP contribution rates, pension and benefit levels and funding policy. The CPPIB is responsible for managing the amounts that are being transferred under Section 108.1 of the Canada Pension Plan Act. It acts in the best interests of the beneficiaries and contributors under the Act.

As administrator of the CPP, the Government's authority to provide benefits is limited to the assets available for benefit payments of the CPP. At March 31, 2015, the fair value of the CPP's assets available for benefit payments is $269,615 million ($223,209 million in 2014).

The CPP Account (the Account) was established in the accounts of Canada pursuant to the Canada Pension Plan Act. The transactions of the CPP are recorded in the Account. CPP's revenues and expenses such as contributions, interests, investment income or loss from the CPP Investment Board, pension benefits and operating expenses, are reported as increases and decreases to this liability. The Account also tracks the amounts transferred to or received from the CPPIB. The CPPIB operates at arm's length from the Government and invests in a diversified portfolio of securities.

The detailed revenues, expenses, assets and liabilities of the CPP financial activities are reported separately in the CPP consolidated financial statements. The CPP's deposit with the Receiver General for Canada of $212 million ($140 million in 2014) corresponds to the balance in the Account and is reported as the Government's liability to the CPP at March 31, 2015.

Table 6.29 presents a reconciliation between the assets available for benefit payments shown in the CPP's consolidated financial statements and the Account, as well as a summary of the balances and transactions in the Account which result in the deposit with the Receiver General for Canada.

Table Summary

The table presents, to the nearest dollar, the due to Canada Pension Plan. It consists of five columns: a listing of relevant transactions; the opening balance for the accounts as at April 1 of the current year; Receipts and other credits; Payments and other charges; the closing balance for the accounts as at March 31 of the current year. The series of lines presents the net assets minus receivables net of liabilities, the accumulated net income and the balance. Another line presents an additional subtraction of the transfers and a final line presents the balance for deposit.

Table 6.29
Due to Canada Pension Plan

  April 1, 2014
($)
Receipts and other credits
($)
Payments and other charges
($)
March 31, 2015
($)
Canada Pension Plan balance per audited consolidated financial statements —        
Assets available for benefit payments 223,209,402,654 85,686,664,988 39,281,352,700 269,614,714,942
Less:        
Receivables, net of liabilities 3,977,163,689 4,780,228,095 3,977,163,689 4,780,228,095
Accumulated net income from Canada Pension Plan Investment Board's operations 95,667,000,000 40,638,000,000   136,305,000,000
Subtotal 123,565,238,965 40,268,436,893 35,304,189,011 128,529,486,847
Less: transfers to Canada Pension Plan Investment Board 123,424,789,372 31,129,812,073 36,022,449,678 128,317,426,977
Deposit with the Receiver General for Canada 140,449,593 71,398,248,966 71,326,638,689 212,059,870

Receipts and other credits include:

  1. contributions at the combined employer and employee rates of 9.9 percent of pensionable earnings for the 2014 and 2015 calendar years, subject to maximum combined contributions of $4,851 and $4,960 respectively and contributions to the post‑retirement benefit pension according to provisions of Bill C‑51 of 2009;
  2. income from the average daily operating balance deposited with the Receiver General for Canada;
  3. gains on investments held by the CPPIB; and
  4. payments received on overpayments established.

Payments and other charges include:

  1. pensions and benefits paid under the CPP as retirement and post‑retirement benefit pensions, survivors' benefits paid to spouse or common‑law partner and orphans, or as lump sum death benefits, and disability benefits to eligible contributors and their children;
  2. pensions and benefits paid and recovered from the CPP, in accordance with an agreement with a province providing a comprehensive pension plan;
  3. payments that are required to be charged to the CPP, in accordance with reciprocal agreements with other countries;
  4. costs of administration of the CPP;
  5. funds transferred to the CPPIB; and
  6. losses on investments held by the CPPIB.

For additional information, the consolidated financial statements of the CPP are included with the Supplementary Statements at the end of this section. Additional information on the funding of CPP may also be obtained from the 26th Actuarial Report on the Canada Pension Plan prepared by the Chief Actuary of the Office of the Superintendent of Financial Institutions.

Government Annuities Account

This account was established by the Government Annuities Act, and modified by the Government Annuities Improvement Act, which discontinued sales of annuities in 1975. The account is valued on an actuarial basis each year, with the deficit or surplus charged or credited to the Government annual surplus/deficit.

The purpose of the Government Annuities Act was to assist Canadians to provide for their later years, by the purchase of Government annuities. The Government Annuities Improvement Act increased the rate of return and flexibility of Government annuity contracts.

Receipts and other credits consist of premiums received, funds reclaimed from the Consolidated Revenue Fund for previously untraceable annuitants, earned interest and any credit needed to cover the actuarial deficit. Payments and other charges represent matured annuities, the commuted value of death benefits, premium refunds and withdrawals, and actuarial surpluses and unclaimed annuities transferred to non‑tax revenues. The amounts of unclaimed annuities, related to untraceable annuitants, are transferred to non‑tax revenues.

As of March 31, 2015, over 34,349 annuitants held 36,625 active contracts, each annuitant receiving an average payment of $663.36. During the year, 77 deferred annuities came into payment and another 25 deferred contracts were adjusted or terminated at or before maturity, due to death, small refunds or unclaimed funds. Therefore, as of March 31, 2015, there were 396 outstanding deferred annuities, the last of which will come into payment around the year 2030.

During the 2014–2015 fiscal year, 3,677 annuities were terminated or adjusted as a result of annuitant deaths: 2,391 group certificates and 1,286 individual contracts. The average age at death for males was 88.1 while the female age at death averaged 90.4.

Income was mainly represented by interest of 7 percent calculated on the actuarial present value of accrued benefits as well as premiums received. Disbursements were mainly represented by payments under matured annuities and refund premiums at death.

The opening balance of $166.1 million was reduced due to charges exceeding income by $24.7 million during 2014–2015. Since the actuarial reserves required as of March 31, 2015 were only $141.4 million, an excess amount of $9,706,147 was transferred to the Government's revenues.

Deposit and Trust Accounts

Deposit and trust accounts are a group of liabilities representing the Government's financial obligations in its role as administrator of certain funds that it has received or collected for specified purposes and that it will pay out accordingly. To the extent that the funds received are represented by negotiable securities, these are deducted from the corresponding accounts to show the Government's net liability. Certain accounts earn interest which is charged to interest on the public debt.

Table 6.30 presents a summary of the balances and transactions in deposit and trust accounts.

Table Summary

The table presents, to the nearest dollar, the deposit and trust accounts. It consists of five columns: a listing of related transactions by ministry; the opening balance for the accounts as at April 1 of the current year; Receipts and other credits; Payments and other charges; the closing balance for the accounts as at March 31 of the current year. The first series of lines presents transactions related to deposit accounts by ministry and the balance. Another line presents the balance for deposit accounts. The second series of lines presents transactions related to trust accounts by ministry and the balance. Another line presents the total for the trust accounts. A final line presents the total for deposit and trust accounts.

Table 6.30
Deposit and Trust Accounts

  April 1, 2014
($)
Receipts and other credits
($)
Payments and other charges
($)
March 31, 2015
($)
Deposit accounts —        
Agriculture and Agri‑Food —        
Contractor security deposits — Certified cheques 82,657     82,657
Canadian Dairy Commission —        
Canadian Dairy Commission account 4,032,529 31,458,312 35,342,994 147,847
Subtotal 4,115,186 31,458,312 35,342,994 230,504
Canada Revenue Agency —        
Guarantee deposits 162,370,404 41,119,706 24,941,716 178,548,394
Less: securities held in trust 40,000     40,000
Subtotal 162,330,404 41,119,706 24,941,716 178,508,394
Employment and Social Development —        
Canada Labour Code — Other 94,399 687,466 637,133 144,732
Canada Labour Code — Wage recovery appeals 3,794,559 561,698 643,188 3,713,069
Subtotal 3,888,958 1,249,164 1,280,321 3,857,801
Environment —        
Contractor security deposits — Cash and Cheques 107,830 270   108,100
Parks Canada Agency —        
Contractor security deposits — Cash 1,640,707 362,696 1,388,930 614,473
Subtotal 1,748,537 362,966 1,388,930 722,573
Finance —        
Canada Development Investment Corporation —        
Holdback — Privatization 26,379,094 175,048 5,000,000 21,554,142
Canada Hibernia Holding Corporation —        
Abandonment reserve fund 96,742,462 752,577   97,495,039
Swap collateral deposit   65,770,335 65,770,335  
Subtotal 123,121,556 66,697,960 70,770,335 119,049,181
Fisheries and Oceans —        
Contractor security deposits — Cash 64,006 80,245   144,251
Guarantee deposits — Fish Habitat Preservation 285,000     285,000
Subtotal 349,006 80,245   429,251
Health —        
Canadian Food Inspection Agency —        
Contractor security deposits — Cash 73,672     73,672
Indian Affairs and Northern Development —        
Field British Columbia and Yukon Operations of the Northern Canada Power Commission 992,587     992,587
Guarantee deposits 32,719,549 15,857 17,678,572 15,056,834
Guarantee deposits — Oil and gas 1,357,014   143,918 1,213,096
Subtotal 35,069,150 15,857 17,822,490 17,262,517
Industry —        
Deposits from Spectrum Auctions   24,600,000   24,600,000
Justice —        
Courts Administration Service —        
Security for costs 81,867 8,524 24,795 65,596
Registrar of the Supreme Court of Canada —        
Security for costs 391,882 171   392,053
Subtotal 473,749 8,695 24,795 457,649
National Defence —        
Contractor security deposits — Cash 2,587,901 7,036,691 5,070,736 4,553,856
Natural Resources —        
Contractor security deposits — Cash 40,817 34,889 32,252 43,454
Guarantee deposits — Oil and gas 6,915,181 1,475,922 7,500 8,383,603
Subtotal 6,955,998 1,510,811 39,752 8,427,057
Privy Council Office —        
Office of the Chief Electoral Officer —        
Candidates' and committees' deposits — Election and referendum 101,000 32,000 34,000 99,000
Public Safety and Emergency Preparedness —        
Canada Border Services Agency —        
General security deposits 6,238,784 99,525 119,594 6,218,715
Guarantee deposits 8,979,222 1,369,217 852,623 9,495,816
Immigration guarantee fund 22,065,130 6,762,525 7,735,574 21,092,081
Temporary deposits received from importers 1,049,992 1,926,837 1,853,258 1,123,571
Subtotal 38,333,128 10,158,104 10,561,049 37,930,183
Royal Canadian Mounted Police —        
Contractor security deposits — Cash 83,135 280,378   363,513
Subtotal 38,416,263 10,438,482 10,561,049 38,293,696
Public Works and Government Services —        
Contractor security deposits — Bonds 750,000     750,000
Contractor security deposits — Cash 4,160,497 3,743,051 3,480,531 4,423,017
Deposits on disposals 269,587 12,933,355 13,021,635 181,307
Seized property — Cash 67,229,295 186,275,532 198,832,459 54,672,368
Subtotal 72,409,379 202,951,938 215,334,625 60,026,692
Transport —        
Contractor security deposits — Cash 328,539 19,245 14,986 332,798
Total deposit accounts 451,969,298 387,582,072 382,626,729 456,924,641
Trust accounts —        
Employment and Social Development —        
Indian Residential Schools Settlement Agreement —        
Common Experience Payments 319,658,117 2,353,994 20,033,811 301,978,300
Indian Affairs and Northern Development —        
Indian band funds —        
Capital accounts, Table 6.31 635,248,632 143,936,236 130,550,638 648,634,230
Revenue accounts, Table 6.32 198,005,579 61,119,213 73,061,358 186,063,434
Subtotal 833,254,211 205,055,449 203,611,996 834,697,664
Indian estate accounts 23,317,701 7,477,953 5,897,927 24,897,727
Indian savings accounts 33,900,457 3,285,438 4,527,266 32,658,629
Subtotal 890,472,369 215,818,840 214,037,189 892,254,020
Industry —        
Restitutions under the Competition Act 3,548 286   3,834
National Defence —        
Estates — Armed services 757,131 1,783,176 1,300,787 1,239,520
Public Safety and Emergency Preparedness —        
Canadian Security Intelligence Service —        
Scholastic awards 26,597 205 500 26,302
Correctional Service of Canada —        
Inmates' trust fund 18,248,481 44,437,609 44,435,780 18,250,310
Royal Canadian Mounted Police —        
Benefit trust fund 2,137,076 113,182 169,524 2,080,734
Subtotal 20,412,154 44,550,996 44,605,804 20,357,346
Veterans Affairs —        
Administered accounts 158,187 59,828 41,200 176,815
Estates fund 286,740 1,914 40,517 248,137
Veterans administration and welfare trust fund 1,515,699 44,584 217,885 1,342,398
Subtotal 1,960,626 106,326 299,602 1,767,350
Total trust accounts 1,233,263,945 264,613,618 280,277,193 1,217,600,370
Total deposit and trust accounts 1,685,233,243 652,195,690 662,903,922 1,674,525,011

Contractor security deposits — Certified cheques — Agriculture and Agri‑Food

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Canadian Dairy Commission account

The Canadian Dairy Commission is a Crown corporation listed in Part I of Schedule III of the Financial Administration Act. This account was established for banking purposes using the Consolidated Revenue Fund pursuant to section 15 of the Canadian Dairy Commission Act.

Guarantee deposits — Canada Revenue Agency

This account was established to record cash securities required to guarantee payment of goods and services tax / harmonized sales tax (GST/HST) as it relates to non‑resident registrants and, certain licensees as it relates to excise taxes, which are both payable pursuant to the Excise Tax Act.

Securities held in trust by the Canada Revenue Agency are made up of cash deposited to the Consolidated Revenue Fund.

Canada Labour Code — Other

This account was established to record amounts received under the provisions of section 251 of the Canada Labour Code Part III. The receipts are wage payments ordered by a Labour inspector in settlement of a wages dispute, which the employer has chosen to pay to the Minister of Labour instead of paying them directly to the employee. These amounts are then paid out to the employees.

Canada Labour Code — Wage recovery appeals

This account was established to record amounts received under the provisions of section 251.1 of the Canada Labour Code Part III. This requires federally‑regulated employers who wish to appeal a payment order made by a Labour inspector regarding wages due to employees, to forward the amounts due to the Minister of Labour for deposit. They are held until the appeal is completed and the adjudicator has directed payment of the disputed amount to the employee or return to the employer. Deposits in this account are interest‑bearing at the rate set by the Minister of Finance for contractor's deposits.

Contractor security deposits — Cash and Cheques — Environment

This account was established for the management of deposits of money belonging to third parties.

Contractor security deposits — Cash — Parks Canada Agency

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Holdback — Privatization — Canada Development Investment Corporation

This account was established pursuant to subsection 129(1) of the Financial Administration Act. This special purpose money is to be used to meet costs incurred on the sale of Crown corporations and demand for payment by purchasers pursuant to the acquisition agreement and costs incurred by the Canada Development Investment Corporation in connection with their sale.

Abandonment reserve fund — Canada Hibernia Holding Corporation

This account was established to record funds which will be used to defray the future abandonment costs that will occur at the closure of the Hibernia field.

Swap collateral deposit

This account was established to record cash received as credit support under a collateral agreement with financial institutions.

No amount outstanding at year end.

Contractor security deposits — Cash — Fisheries and Oceans

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Guarantee deposits — Fish Habitat Preservation

This account was established to record cash and securities deposited as guarantees for preservation of fish habitat as required by permits, leases or authorizations, pursuant to Section 35 of the Fisheries Act. Interest is not allowed on cash deposits.

Contractor security deposits — Cash — Canadian Food Inspection Agency

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Field British Columbia and Yukon Operations of the Northern Canada Power Commission

This account was established to record amounts deposited by the Northern Canada Power Commission to reimburse liabilities pertaining to Field, British Columbia and Yukon Operations of the Northern Canada Power Commission.

Guarantee deposits — Indian Affairs and Northern Development

This account was established to record cash and securities deposited as guarantees for performance as required by permits, leases, authorizations and water licences, pursuant to section 8 of the Arctic Waters Pollution Prevention Act and of the Northwest Territories Waters Act and various regulations under the Territorial Lands Act and the Mackenzie Valley Resource Management Act. Interest is not allowed on cash deposits.

Guarantee deposits — Oil and gas — Indian Affairs and Northern Development

This account was established to record securities in the form of cash, letters of credit or other acceptable instruments which are required to be issued to, and held by the Government of Canada pursuant to an interest issued in accordance with the Canada Petroleum Resources Act. These securities are a performance guarantee or refundable rental that the agreed exploration work will be performed in the manner and time frame specified. Interest is not paid on these deposits.

Deposits from Spectrum Auctions

This account was established to record amounts deposited by external parties to be eligible to participate in an auction of spectrum licences.

Security for costs — Courts Administration Service

This account was established to maintain accounts on behalf of litigants before the Tax Court of Canada. These accounts record the funds paid into the Tax Court of Canada, pursuant to an order of the Court, rules of the Court or statutes, to be held pending payment of such funds, in accordance with an order/judgment of the Court.

Security for costs — Regristrar of the Supreme Court of Canada

This account was established to record security to the value of $500 deposited by an Appellant with the Registrar of the Supreme Court of Canada in accordance with paragraph 60(1)(b) of the Supreme Court Act. As per section 87 of the Rules of the Supreme Court of Canada, interest is paid on money deposited as security.

Contractor security deposits — Cash — National Defense

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Contractor security deposits — Cash — Natural Resources

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Guarantee deposits — Oil and gas — Natural Resources

This account was established to record securities in the form of cash, which are required to be issued to, and held by the Government of Canada pursuant to an Exploration Licence in accordance with section 24 of the Canada Petroleum Resources Act. These securities are a performance guarantee that the agreed exploration will be performed in the manner and time frame specified. Interest is not paid on these deposits.

Candidates' and committees' deposits — Election and referendum

This account was established to record candidates' election and committees' referendum deposits received in respect of an election (general or by‑election) or a referendum.

Pursuant to the Canada Election Act or the Referendum Act, amounts received are either refunded to candidates or committees, or are transferred to non‑tax revenues.

General security deposits

This account was established to record general security deposits from transportation companies in accordance with section 148 of the Immigration and Refugee Protection Act.

Guarantee deposits — Canada Border Services Agency

This account was established to record cash required to guarantee payment of customs duties on imported goods pursuant to the Customs Act.

Immigration guarantee fund

This account was established to record amounts collected and held pending final disposition, either by refund to the original depositor, or forfeiture to the Crown pursuant to sections 14, 26, 44, 56, 58 and 148 of the Immigration and Refugee Protection Act.

Temporary deposits received from importers

This account was established to record temporary security deposits received from importers to ensure compliance with various (Customs) regulations regarding temporary entry of goods.

Contractor security deposits — Cash — Royal Canadian Mounted Police

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Contractor security deposits — Bonds — Public Works and Government Services

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Contractor security deposits — Cash — Public Works and Government Services

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Deposits on disposals

This account was established to report transactions associated to deposits on disposals for Public Works and Government Services Canada (PWGSC), security deposits and revenues of leased space belonging to PWGSC.

Seized property — Cash

This account was established pursuant to the Seized Property Management Act, to record seized cash. These funds will be deposited to the Consolidated Revenue Fund and credited to the account until returned to the owner or forfeited.

Contractor security deposits — Cash — Transport

This account was established to record contractor security deposits that are required for the satisfactory performance of work in accordance with Government Contracts Regulations.

Indian Residential Schools Settlement Agreement — Common Experience Payments

This account was established pursuant to section 21 of the Financial Administration Act, to record amounts received and paid under article 5 of the Indian Residential Schools Settlement Agreement. It was established on September 19, 2007, and provides for the payment of Common Experience Payments (CEP) to eligible former students of recognized Indian Residential Schools and personal credits for educational programs and services to CEP recipients or to certain family members. The account is credited with interest pursuant to section 21(2) of the Financial Administration Act. The Designated Amount Fund is co‑administered by Indian Affairs and Northern Development and Employment and Social Development.

Indian band funds

This account was established to record funds belonging to Indian bands throughout Canada pursuant to sections 61 to 69 of the Indian Act.

Table Summary

The table presents, to the nearest dollar, a two-year comparative of the capital accounts for funds belonging to Indian bands. It consists of three columns: a listing of transactions classified by type; current year; previous year. The first series of lines presents the opening balance for the account followed by the different transactions related to Receipts and other credits, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different transactions related to Payments and other debits, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

Table 6.31
Indian band funds — Capital Accounts

  2014–2015
($)
2013–2014
($)
Opening balance 635,248,632 646,155,029
Receipts and other credits —    
Oil royalties 75,022,621 98,251,463
Gas royalties 62,916,861 30,322,025
Sundries 5,996,754 15,397,838
Subtotal 143,936,236 143,971,326
Total 779,184,868 790,126,355
Payments and other charges —    
Per capita cash distribution 20,311,650 14,000,400
Transfer pursuant to section 64 of the Indian Act 110,099,320 137,530,278
Sundries 139,668 3,347,045
Total 130,550,638 154,877,723
Closing balance 648,634,230 635,248,632
Table Summary

The table presents, to the nearest dollar, a two-year comparative of the revenue accounts for funds belonging to Indian bands. It consists of three columns: a listing of transactions classified by type; current year; previous year. The first series of lines presents the opening balance for the account followed by the different transactions related to Receipts and other credits, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different transactions related to Payments and other debits, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

Table 6.32
Indian band funds — Revenue Accounts

  2014–2015
($)
2013–2014
($)
Opening balance 198,005,579 213,751,063
Receipts and other credits —    
Government interest 20,503,230 24,261,903
Court award and settlements 1,500  
Land and other claim settlements 165,000 654,240
Sundries 40,449,483 40,655,718
Subtotal 61,119,213 65,571,861
Total 259,124,792 279,322,924
Payments and other charges —    
Per capita cash distribution 7,860 1,019,815
Transfer pursuant to section 69 of the Indian Act 65,449,443 71,534,558
Sundries 7,604,055 8,762,972
Subtotal 73,061,358 81,317,345
Closing balance 186,063,434 198,005,579

Indian estate accounts

These accounts were established to record funds received and disbursed for estates of deceased Indians, mentally incompetent Indians and missing Indians pursuant to sections 42 to 51 and 52.3 of the Indian Act.

Indian savings accounts

These accounts were established to record funds received and disbursed for individual Indians pursuant to sections 52 and 52.1 to 52.5 of the Indian Act.

Restitutions under the Competition Act

This account was established to facilitate judgements rendered under section 52 of the Competition Act, and account for funds received in trust for restitution and for subsequent payment.

Estates — Armed services

This account was established to record the service estates pursuant to section 42 of the National Defence Act of officers and non‑commissioned members who die during their service in the Canadian Forces. Under the administration of the Judge Advocate General, in his capacity as Director of Estates, net assets of estates are distributed to the lawful representative of the personal estate.

Scholastic awards

This account was established to record donations of $26,000 to be used for the presentation of scholarship awards to children of employees of the Canadian Security Intelligence Service to encourage university studies.

Inmates' trust fund

Pursuant to section 111 of the Corrections and Conditional Release Regulations, this account is credited with all moneys brought into the institution by an inmate on admission or readmission, and all moneys that are received on the inmate's behalf while in custody, including, monetary gifts from a third party, payments for program participation, pay earned while on work release or conditional release in the community, moneys received from a third party for work performed in an institution or a Correctional Service of Canada approved inmate operated business enterprise, sale of hobby craft or custom work, a payment, allowance or income paid by either a private or government source. Deductions may be made from this account for issues such as debts to the Crown, the Inmate Welfare Fund, canteen expenditures, telephone calls, payments to assist in the rehabilitation of the inmate, and any other payments for which the inmate is liable.

Benefit trust fund

This account was established by section 23 of the Royal Canadian Mounted Police Act, to record funds received by personnel of the Royal Canadian Mounted Police, in connection with the performance of duties, over and above their pay and allowances, as well as forfeitures of pay. The money paid to the Benefit trust fund is used for the benefit of RCMP members, former members and their dependants; use of the funds is governed by the Royal Canadian Mounted Police Regulations.

Administered accounts

Pursuant to section 41 of the Pension Act, section 15 of the War Veterans Allowance Act, section 55 of the Veterans Treatment Regulations and section 8 of the Guardianship of Veterans Property Regulations, these accounts are under the jurisdiction of the Department of Veterans Affairs. Funds held in these accounts include: (a) pensions, war veterans allowances and treatment allowances placed under the administration of the Department of Veterans Affairs; and (b) benefits from other sources such as Old Age Security, Guaranteed Income Supplement or Canada Pension Plan, placed under administration with the consent of the client. These persons have demonstrated their inability to manage their own affairs.

Payments are made out of the accounts, to provide food, shelter, clothing, comforts and other necessities.

Estates fund

This account was established to record the proceeds from the estates of those veterans who died while receiving hospital treatment or institutional care, and for those veterans whose funds had been administered by the Government, in accordance with sections 5, 6 and 7 of the Veterans' Estates Regulations. Individual accounts are maintained and payments are made to beneficiaries pursuant to the appropriate legislative authority.

Veterans administration and welfare trust fund

This account was established to record donations, legacies, gifts, bequests, etc, received, to be disbursed for the benefit of veterans or their dependents under certain conditions, and for the benefit of patients in institutions, in accordance with section 9 of the Guardianship of Veterans' Property Regulations.

Other Specified Purpose Accounts

There are a number of other specified purpose accounts operated by the Government, such as insurance, death benefit and pension accounts. Certain accounts earn interest which is charged to interest on the public debt.

Table 6.33 presents a summary of the balances and transactions for all other specified purpose accounts.

Table Summary

The table presents, to the nearest dollar, the other specified purpose accounts. It consists of five columns: a listing of related transactions by specified purpose account; the opening balance for the accounts as at April 1 of the current year; Receipts and other credits; Payments and other charges; the closing balance for the accounts as at March 31 of the current year. The first series of lines presents transactions and balances by ministry related to insurance and death benefit accounts. Another line presents the total for the accounts. The second series of lines presents transactions and balances by ministry related to pension accounts. Another line presents the total for the accounts. The third series of lines presents transactions and balances by ministry related to other accounts. Another line presents the total for the accounts. A final series of lines presents the total for other accounts minus consolidation adjustments, the total other accounts, and the total for other specified purpose accounts.

Table 6.33
Other Specified Purpose Accounts

  April 1, 2014
($)
Receipts and other credits
($)
Payments and other charges
($)
March 31, 2015
($)
Insurance and death benefit accounts —        
Employment and Social Development —        
Civil service insurance fund 4,656,182 341 578,628 4,077,895
National Defence —        
Regular Force Death Benefit Account, Table 6.34 189,251,651 29,775,947 31,516,472 187,511,126
Treasury Board —        
Public Service Death Benefit Account, Table 6.35 3,310,011,661 280,909,314 166,836,177 3,424,084,798
Veterans Affairs —        
Returned soldiers' insurance fund 6,010 1,662 1,077 6,595
Veterans' insurance fund 1,915,123 354,282 446,321 1,823,084
Subtotal 1,921,133 355,944 447,398 1,829,679
Total insurance and death benefit accounts 3,505,840,627 311,041,546 199,378,675 3,617,503,498
Pension accounts —        
Employment and Social Development —        
Annuities agents' pension account 352 310 284 378
Foreign Affairs, Trade and Development —        
Contributory pension account — Locally engaged staff 120,232   3,192 117,040
Public Safety and Emergency Preparedness —        
Royal Canadian Mounted Police —        
Dependants' pension fund 20,758,261 1,011,463 2,399,214 19,370,510
Total pension accounts 20,878,845 1,011,773 2,402,690 19,487,928
Other accounts —        
Agriculture and Agri‑Food —        
AgriInvest Program 25,664,358 251,530,158 269,498,319 7,696,197
AgriStability Program 54,514,368 32,259,082 37,533,453 49,239,997
Foreign missions to advance Canadian agriculture   18,247 10,393 7,854
Subtotal 80,178,726 283,807,487 307,042,165 56,944,048
Atlantic Canada Opportunities Agency —        
Federal/provincial agreement — Advance account 346,788 480,000 471,171 355,617
Canada Revenue Agency —        
Deposits/Disbursements — Workers' Compensation Board 1,266,969 263,994,245 265,106,335 154,879
Canadian Heritage —        
Miscellaneous projects deposits 209,599 308,382 390,000 127,981
Shared‑cost/joint project agreements 205,000     205,000
Library and Archives of Canada —        
Special Operating Account 348,368 63,837 206,492 205,713
Telefilm Canada —        
Advance account 49,136,993 126,951,380 128,491,911 47,596,462
Subtotal 49,899,960 127,323,599 129,088,403 48,135,156
Citizenship and Immigration —        
Immigrant investor program 112,419,672 738,963,828 790,143,621 61,239,879
Employment and Social Development —        
Federal/provincial collaborative agreement 8,617 46,189,778 46,189,921 8,474
Federal/provincial shared‑cost project 452,161 62,661 82,913 431,909
Federal/provincial/territorial shared‑cost project —        
Interprovincial Computerized Examination Management System (ICEMS) 3,815,519 652,205 686,897 3,780,827
Labour standards suspense account 1,542,819 18,134 16,756 1,544,197
Subtotal 5,819,116 46,922,778 46,976,487 5,765,407
Environment —        
Parks Canada Agency —        
Miscellaneous projects deposits 3,089,111 1,317,366 732,196 3,674,281
Finance —        
Common school funds — Ontario and Quebec 2,677,771     2,677,771
Foreign claims fund 179,020     179,020
War claims fund — World War II 4,236     4,236
Subtotal 2,861,027     2,861,027
Fisheries and Oceans —        
Federal/provincial cost‑sharing agreements 281,159 1,029,673 997,304 313,528
Miscellaneous projects deposits 24,995,380 6,884,502 9,065,779 22,814,103
Sales of seized assets 1,171,585 367,064 288,634 1,250,015
Subtotal 26,448,124 8,281,239 10,351,717 24,377,646
Foreign Affairs, Trade and Development —        
Canada Foundation account 389,039     389,039
Less: Securities held in trust 376,036     376,036
Deposits in a special bank account 13,003     13,003
Financial assistance to Canadians abroad 282,671 1,043,612 1,145,424 180,859
Funds from non‑governmental organizations 3,241,677 7,094,322 7,938,734 2,397,265
Shared‑cost projects 9,349,853 6,655,005 6,047,533 9,957,325
Shared‑cost projects — Support to various programs 518,071 6,244,500 518,071 6,244,500
Subtotal 13,392,272 21,037,439 15,649,762 18,779,949
Health —        
Collaborative research projects 2,438,061 1,103,374 619,994 2,921,441
Miscellaneous federal/provincial projects 1,583,309 431,420 394,414 1,620,315
World Health Organization 106,133     106,133
Canadian Food Inspection Agency —        
Shared‑cost agreements 1,121,071 888,192 741,645 1,267,618
Public Health Agency of Canada —        
Collaborative research projects 1,287,454 541,615 130,456 1,698,613
Miscellaneous federal/provincial projects 986,197     986,197
Subtotal 7,522,225 2,964,601 1,886,509 8,600,317
Indian Affairs and Northern Development —        
Indian band funds —        
Shares and certificates 20,000     20,000
Less: securities held in trust 20,000     20,000
Indian moneys suspense account 46,999,785 22,753,230 16,845,365 52,907,650
Indian special accounts 407,208 6,086   413,294
Non‑Indian moneys   1,655,414 1,632,743 22,671
Special account — Insurance money to reconstruct Babine Mill   8,375,249 8,375,249  
Subtotal 47,406,993 32,789,979 26,853,357 53,343,615
Industry —        
Income from securities in trust — Bankruptcy and Insolvency Act 52,031     52,031
Petro‑Canada Enterprises Inc — Unclaimed shares 689,150   1,802 687,348
Securities in trust — Bankruptcy and Insolvency Act 31,266     31,266
Less: securities held in trust 31,266     31,266
Shared‑cost/joint project agreements — Research 12,201   12,201  
Shared‑cost projects 1,415,266 117,865 293,232 1,239,899
Unclaimed dividends and undistributed assets —        
Bankruptcy and Insolvency Act 25,892,989 1,975,997 801,870 27,067,116
Canada Business Corporations Act 9,362,108   1,571,233 7,790,875
Winding‑up and Restructuring Act 2,186,522 1,501,511   3,688,033
Canadian Space Agency —        
Radarsat 97,461     97,461
Statistics Canada —        
Project deposits 1,167,497 84,785,962 84,766,557 1,186,902
Subtotal 40,875,225 88,381,335 87,446,895 41,809,665
Justice —        
Courts Administration Service —        
Special account 7,112,553 2,663,536 1,938,289 7,837,800
Offices of the Information and Privacy Commissioners of Canada —        
Shared‑cost agreements   8,550 8,550  
Subtotal 7,112,553 2,672,086 1,946,839 7,837,800
National Defence —        
Foreign governments — United Kingdom —        
British Army — Suffield, Alberta 1,351,631   82,522 1,269,109
Joint research and development projects 1,675,573 1,752,131 592,040 2,835,664
Non‑government agencies 3,592,274 773,125 1,452,773 2,912,626
Other Non‑Statutory Specified Purpose Accounts 3,120,967 242,895 3,363,862  
Communications Security Establishment —        
Foreign Partners — Security 2,266,839 458,947 662,492 2,063,294
Subtotal 12,007,284 3,227,098 6,153,689 9,080,693
Natural Resources —        
Market development incentive payments — Alberta 3,298,462   1,184,605 2,113,857
Newfoundland Offshore Revenue Account   711,627,731 711,627,731  
Nova Scotia Offshore Revenue Account   69,822,874 69,822,874  
Shared‑cost agreements — Research 4,054,252 2,691,777 2,484,245 4,261,784
Shared‑cost projects 819,899 1,093,836 1,436,527 477,208
Canadian Nuclear Safety Commission —        
Security equipment purchases 2,494 11,035 7,063 6,466
Subtotal 8,175,107 785,247,253 786,563,045 6,859,315
Privy Council Office —        
Shared‑cost projects — Media travel expenses 150,521 439,441 507,021 82,941
Public Safety and Emergency Preparedness —        
Royal Canadian Mounted Police —        
Joint research and development projects 1,181,893 142,436 138,257 1,186,072
Public Works and Government Services —        
Military purchases excess funds deposit 205,141,330   14,412,069 190,729,261
Less: securities held in trust 205,141,330 14,412,069   190,729,261
Subtotal   14,412,069 14,412,069  
Transport —        
Shared‑cost agreements — Remediation projects 24,540,000 248,842   24,788,842
Veterans Affairs —        
Shared‑cost agreements 3,273     3,273
Total 444,696,839 2,422,653,121 2,491,469,538 375,880,422
Less: consolidation adjustmentLink to footnote 1 49,136,993   1,540,531 47,596,462
Total other accounts 395,559,846 2,422,653,121 2,489,929,007 328,283,960
Total other specified purpose accounts 3,922,279,318 2,734,706,440 2,691,710,372 3,965,275,386

Civil service insurance fund

This account was established by the Civil Service Insurance Act, introduced to enable the Minister of Finance to contract with a person appointed to a permanent position in any branch of the public service, for the payment of certain death benefits. No new contracts have been entered into since 1954, when the Supplementary Death Benefit Plan for the Public Service and Canadian Forces was introduced as part of the Public Service Superannuation Act and the Canadian Forces Superannuation Act, respectively.

The number of policies in force as of March 31, 2015 was 708 and the average age of the policyholders was 92.7 years. During the year, premiums of $341 were received. Death benefits, settlement annuities and premium refunds of $569,024 were paid during 2014–2015.

According to the actuarial valuation and with the prescribed actuarial assumptions, the liabilities in respect of the benefits provided under the Act are estimated at $4,077,895 as at March 31, 2015. The balance in the Account as at March 31, 2015 is $4,087,499. The surplus as at March 31, 2015 is therefore $9,604. Pursuant to subsection 16(3) of the Civil Service Insurance Regulations, an amount of $9,604 has therefore been debited to the Account in 2014–2015.

Regular Force Death Benefit Account

This account was established by the Canadian Armed Forces Superannuation Act to provide life insurance to contributing members and former members of the Canadian Armed Forces. Receipts and other credits consist of: (a) contributions by participants; (b) Government's contribution paid in respect of participants; (c) single premiums payable by the Government in respect of participants who became entitled to a basic benefit of $5,000 without contribution; and (d) interest.

Payments and other charges consist of: (a) benefits paid in respect of participants; (b) benefits paid in respect of elective; and (c)the portion of benefits payable for which the Government has paid a single premium.

Table Summary

The table presents, to the nearest dollar, a two‑year comparative of the Regular force death benefit account. It consists of three columns: a listing of transactions classified by object and type; current year; previous year. The first series of lines presents the opening balance for the account followed by the different classification objects related to Receipts and other credit type transactions, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different classification objects related to Payments and other debit type transactions, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

Table 6.34
Regular Force Death Benefit Account

  2014–2015
($)
2013–2014
($)
Opening balance 189,251,651 191,561,901
Receipts and Other Credits —    
Employee contributions 17,515,935 17,436,101
Employer contributions —    
Government —    
General 2,017,428 2,065,097
Single premiums payable by the Government in respect of Regular Force participants who became entitled to a basic benefit of $5,000 without contribution 786,290 574,713
Interest 9,456,294 10,027,096
Total receipts and other credits 29,775,947 30,103,007
Subtotal 219,027,598 221,664,908
Payments and Other Charges —    
Benefit payments —    
Benefits paid in respect of participants who, at the time of death, were members of the Regular Force, or who were elective Regular Force participants 31,516,472 32,413,257
Closing balance 187,511,126 189,251,651

Public Service Death Benefit Account

This account was established under the Public Service Superannuation Act to provide life insurance to contributing members of the Public Service.

The account is credited with: (a) contributions by employees; (b) contributions by the Government and Public Service corporations; and (c) interest. Payments and other charges represent: (a) benefits paid in respect of participants who, at the time of death, were employed in the Public Service, or were in receipt of an annuity under Part I of the Public Service Superannuation Act; and (b) benefits of $10,000 paid in respect of participants who, at the time of death, were employed in the Public Service or were in receipt of an annuity under Part I of the Public Service Superannuation Act, and on whose behalf a single premium for $10,000 death benefit coverage for life has been made.

Table Summary

The table presents, to the nearest dollar, a two-year comparative of Public service death benefit account. It consists of three columns: a listing of transactions classified by object and type; current year; previous year. The first series of lines presents the opening balance for the account followed by the different classification objects related to Receipts and other credit type transactions, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different classification objects related to Payments and other debit type transactions, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

Table 6.35
Public Service Death Benefit Account

  2014–2015
($)
2013–2014
($)
Opening balance 3,310,011,661 3,208,242,034
Receipts and Other Credits —    
Employee contributions —    
Active members —    
Public service employees 69,530,578 69,171,785
Public service corporations 5,162,060 4,909,844
Retired employees 23,994,248 22,578,634
Employer contributions —    
Public service corporations 1,376,392 1,315,296
Death benefit — general 10,906,651 11,456,742
Death benefit — single premium for $10,000 2,769,441 2,793,056
Interest 167,169,944 170,131,983
Total receipts and other credits 280,909,314 282,357,340
Subtotal 3,590,920,975 3,490,599,374
Payments and Other Charges —    
Benefit payments —    
General 130,506,738 137,143,304
Life coverage for $10,000 35,956,362 43,106,804
Other death benefit payments 373,077 337,605
Total payments and other charges 166,836,177 180,587,713
Closing balance 3,424,084,798 3,310,011,661

Returned soldiers' insurance fund

This fund was established by the Returned Soldiers' Insurance Act to provide life insurance to contributing veterans of World War I. The account is credited with premiums and is charged with disbursements for death benefits and cash surrender values. The account is actuarially maintained and an actuarial liability adjustment as at March 31, 2014, of $1,662 was credited to the account during the year and was charged to expenditures. The final date on which application for this insurance could have been received was August 31, 1933.

Veterans' insurance fund

This fund was established by the Veterans' Insurance Act to provide life insurance to contributing veterans of World War II. The account is credited with premiums and is charged with disbursements for death benefits and cash surrender values. The account is actuarially maintained and an actuarial liability adjustment as at March 31, 2014, of $354,187 was credited to the account during the year and was charged to expenditures. The final date on which application for this insurance could have been received was October 31, 1968.

Annuities agents' pension account

This account was established by Vote 181, Appropriation Act No. 1, 1961, to provide pension benefits to former eligible Government employees who were engaged in selling Government annuities to the public.

Contritutory pension account — Locally engaged staff

This account was established to record benefits paid to locally engaged staff hired prior to March 1, 2009 at the Canadian High Commission in Guyana upon termination of their employment. The specified purpose account was established following the liquidation of CLICO Life and General Insurance Company (South America) Limited.

Dependants' pension fund

This fund, which pertains to Part IV of the Royal Canadian Mounted Police Pension Continuation Act, provides pension benefits to certain widows and other dependants of Constables of the Royal Canadian Mounted Police, who purchased pension benefits between October 1, 1934 and March 1, 1949. There are no longer any active members amongst the contributors.

AgriInvest Program

The AgriInvest Program is a savings account designed to help producers cover small margin declines.

The AgriInvest Program is cost‑shared with provinces and territories on a 60/40 basis. The provinces and territories are invoiced for their share of the contributions, which are held in the specified purpose accounts until they are applied and transferred to the producer accounts. The funds in the producers specified purpose accounts are then drawn down as AgriInvest account holders request withdrawals or when the funds are transferred to a financial institution.

Starting with the 2009 program year, producers are required to make their AgriInvest deposits at a financial institution of their choice and any funds which were previously held by the federal government will be transferred to the new accounts.

AgriStability Program

The AgriStability Program is designed to cover larger margin declines caused by circumstances such as low prices, production losses, and rising input costs.

The AgriStability Program is cost‑shared with provinces and territories on a 60/40 basis. Producers are charged a fee in order to participate in the program, which covers a portion of the program expenditure. The provinces and territories as well as producers are invoiced for their share of the contributions, which are held in the specified purpose accounts. These funds are drawn down as applications are processed and benefits are paid out.

Foreign missions to advance Canadian agriculture

This account was established to record the deposits made by the Canadian agri‑food industry towards the costs of hosting incoming government‑to‑government foreign missions that advance commercial interests, or for costs related to outgoing foreign missions in support of incremental market development and interests, for which there is a collaborative agreement with the Federal Government. The costs incurred by the Federal Government on behalf of the Canadian agri‑food industry are charged to the account and any unspent funds will be returned to the Canadian agri‑food industry once the accounting is complete at the end of the mission.

Federal/provincial agreement — Advance account

This account was established to record deposits from non‑federal partners for their share of costs under various projects. Funds are disbursed on behalf of contributors as projects are undertaken. Unused funds are to be returned to contributors.

Deposits/Disbursements — Worker' Compensation Board

This account was established under the authority of the Canada Revenue Agency Act and the Worker' Compensation Act, to enable the Canada Revenue Agency (CRA) to record and forward on daily basis, funds received from Nova Scotia employers to the Worker' Compensation Board of Nova Scotia (Board), as part of a partnership arrangement between the CRA and the Board.

Miscellaneous projects deposits — Canadian Heritage

This account was established to record contributions received from organizations and individuals for various projects.

Shared‑cost/joint project agreements — Canadian Heritage

This account was established to record monies received from other governments and organizations in order to cover expenditures incurred under various shared‑cost/joint project agreements.

Special Operating Account

This account was established pursuant to section 18 of the Library and Archives of Canada Act, which also directed that: (a) the account be credited with funds received for the purpose of the Library and Archives Canada by way of donation, bequest or otherwise; and (b) any amounts required for the purpose of the Act may be paid out of the account or out of money appropriated by Parliament for such purposes.

Advance account — Telefilm Canada

This account was established pursuant to section 19 of the Telefilm Canada Act, to reserve for use in future years the revenues and recoveries generated from projects funded by Telefilm Canada.

Immigrant investor program

This account was established to record the receipt and disbursement of amounts received under the Immigrant Investor Program in accordance with section 12(2) of the Immigration and Refugee Protection Act and section 91(d) of the Immigration and Refugee Protection Regulations. This program allows qualified immigrants to gain permanent residence in Canada by making an investment in the Canadian economy.

The Economic Action Plan 2014 Act, No. 1 (Bill C‑31) terminated the program and any application in the backlog for which a selection decision was not made before February 11, 2014. While the program has been terminated, outstanding investments will continue to be returned to investors approximately over the next 5 years.

Federal/provincial collaborative agreement

This account was established to record amounts received by Employment and Social Development from a province as funding under the provisions of a collaborative agreement with the province.

Federal/provincial shared‑cost project — Employment and Social Development

This account was established to record the deposit of advance payments made by provinces towards the costs of projects and programs for which there is a cost‑sharing agreement with the federal Government. Disbursements are made to pay the provinces' share of costs per official agreements or to refund unused amounts.

Federal/provincial/territorial shared‑cost project — Interprovincial Computerized Examination Management System (ICEMS)

This account was established to record advance payments received from provinces and territories to pay for the development and annual operating costs of the ICEMS. Advance payments are made pursuant to the "Agreement on the Joint Project for the ongoing operations of the ICEMS". The costs incurred are charged to the account and any unexpended funds will be allocated according to the common will of the Parties and shall be in accordance with applicable legislation.

Labour standards suspense account

This account was established under the authority of section 23 of the Canada Labour Standards Regulations to record wages received by the Minister of Labour from employers who cannot locate employees. Efforts are then made to locate employees. Wages are paid out when employees are located or when employees contact the department for payment.

Miscellaneous projects deposits — Parks Canada Agency

This account was established to record contributions received from organizations and individuals for various projects.

Common school funds — Ontario and Quebec

This account was established under 12 Victoria 1849, Chapter 200, to record the proceeds from the sale of lands set apart for the support and maintenance of common schools in Upper and Lower Canada, now Ontario and Quebec. Interest of $133,889, apportioned on the basis of population, is paid directly to these provinces on a semi‑annual basis, at the rate of 5 percent per annum, and is charged to interest on the public debt.

Foreign claims fund

This account was established by Vote 22a, Appropriation Act No. 9, 1966, to record: (a) such part of the money received from the Custodian of Enemy Property, proceeds of the sale of property and the earnings of property, and (b) all amounts received from governments of other countries pursuant to agreements entered into after April 1, 1966 relating to the settlement of Canadian claims, and also records payment of claims submitted, including payment of the expenses incurred in investigating and reporting on such claims.

War claims fund — World War II

This account was established by Vote 696, Appropriation Act No. 4, 1952, to record funds received from the Custodian of Enemy Property or from other sources, and payments: (a) to eligible claimants for compensation in respect of World War II; (b) of a supplementary award amounting to 50 percent of the original award (PC 1958–1467, October 23, 1958); and (c) of expenses incurred in investigating and reporting on claims.

A War Claims Commission was established to enquire into and report on claims made by Canadians arising out of World War II for which compensation may be paid from this or any other fund established for the purpose. The expenses of the Commission are chargeable hereto.

Federal/provincial cost‑sharing agreements

This account was established to record the deposit of funds received from the provinces for cost‑shared programs according to official signed agreements.

Miscellaneous projects deposits — Fisheries and Oceans

This account was established to record contributions received from organizations and individuals, for the advancement of research work.

Sales of seized assets

The account was established to record the proceeds of the sale of seized items by the Department of Fisheries and Oceans from a person contravening the Fisheries Act. Funds so received are held in the Consolidated Revenue Fund pending final resolution of the case by the Minister of Fisheries and Oceans or the courts.

Canada Foundation account

This account was established by Vote 6g, Appropriation Act No. 2, 1967, to record funds received in connection with the Civilian Relief Agreement of 1950, and the Cultural Agreement of 1954 between Canada and Italy, and disbursements for the purposes of the said agreements.

Financial assistance to Canadians abroad

This account was established to record funds received from families or friends as prepayment for financial assistance to distressed Canadians abroad.

Funds from non‑governmental organizations

This account was established to record funds received as prepayment for services to be performed by the Department of Foreign Affairs, Trade and Development on behalf of third parties.

Shared‑cost projects — Foreign Affairs, Trade and Development

This account was established to record funds received from organizations outside the Government of Canada accounting entity for shared‑cost projects.

Shared‑cost projects — Support to various programs

This account was established to record deposits received and payments made in accordance with authorities for shared‑cost projects to support various development programs.

Collaborative research projects — Health

This account was established to record funds received from client groups for cost shared and joint project research agreements.

Miscellaneous federal/provincial projects — Health

This account was established to record transactions relating to the provinces/territories share of costs incurred under federal/provincial cost‑sharing agreements for joint federal/provincial/territorial projects which address health issues which are national in scope.

World Health Organization

This account was established to record funds received from the World Health Organization for scientific projects.

Shared‑cost agreements — Canadian Food Inspection Agency

This account was established to record amounts deposited by external parties for shared‑cost research projects. Funds are disbursed on behalf of depositors as specific projects are undertaken.

Collaborative research projects — Public Health Agency of Canada

This account was established to record funds received from client groups for cost shared and joint project research agreements.

Miscellaneous federal/provincial projects — Public Health Agency of Canada

This account was established to record transactions relating to the provinces/territories share of costs incurred under federal/provincial cost‑sharing agreements for joint federal/provincial/territorial projects which address health issues which are national in scope.

Indian band funds — Shares and certificates

This account was established under the Indian Act, to record the historical value of TransAlta Utilities Corporation shares received as compensation for a power line right‑of‑way on the Blood Indian reserve. These shares are held in the name of the Receiver General for Canada for the credit of the Blood Indian Band.

Indian moneys suspense account

This account was established to hold moneys received for individual Indians and bands, that cannot be disbursed to an Indian, or credited to an Indian Band Fund or Individual Trust Fund account, pending execution of the related lease, permit or licence, settlement of litigation, registration of the Indian or identification of the recipient.

Indian special accounts

Indian special accounts represent a number of non‑interest bearing accounts which are maintained for specific purpose and include the following:

  1. Quebec fur account — This account was established to record funds received from the sales of pelts trapped on reserves in the Abitibi District in Quebec, to defer charges for tallymen's wages, freight costs, etc. No activity was reported in the current year.
  2. Fines — Indian Act — Fines collected as defined in section 104 of the Indian Act, are credited to this account for the benefit of the bands or members of the bands. Expenditures may be made per the direction of the Governor in Council to cover certain costs in the administration or promotion of the purpose of the relative law.

Non‑Indian moneys

This account was established as per Article 5.08 (a)(ii) of the Saskatchewan Treaty Land Entitlement Framework Agreement to collect "Provincial Mineral Revenues" on behalf of the Province of Saskatchewan and remit the same in the manner as described in an agreement between the two parties.

Special Account — Insurance money to reconstruct Babine Mill

This account was established pursuant to an agreement between the Department of Indian Affairs and Northern Development and Babine Forest Products Limited. The funds in this account are used to repair the damages caused to the sawmill and other buildings leased by the Department.

Income from securities in trust — Bankruptcy and Insolvency Act

This account was established by sections 78, 84, 154 and 194 of the Bankruptcy and Insolvency Act, to record dividends paid on stocks originally held by a bankrupt stockbroker but subsequently sold to clients. As the stocks were not registered in the clients' names, the dividends must be paid to the last registered owner, in this case, the stockbroker. The dividends are forwarded to the Superintendent of Bankruptcy for safekeeping.

Petro‑Canada Enterprises Inc — Unclaimed shares

This account was established by Section 227 of the Canada Business Corporation Act to record the liability to shareholders who have not presented their shares for payment.

Securities in trust — Bankruptcy and Insolvency Act

This account was established by section 67 of the Bankruptcy and Insolvency Act, to record the value of securities originally held by a bankrupt stockbroker, on behalf of clients who have not been located.

Shared‑cost/joint project agreements — Research

This account was established to record funds received from other governments and organizations in order to cover expenditures incurred under various shared‑cost/joint project agreements.

During the year, the account was closed

Shared‑cost projects — Industry

This account was established to record funds received from other governments and organizations in order to cover expenditures incurred under various shared‑cost/joint project agreements.

Unclaimed dividends and undistributed assets — Bankruptcy and Insolvency Act

This account represents amounts credited to the Receiver General in accordance with the provisions of section 154 of the Bankruptcy and Insolvency Act, pending distribution to creditors.

Unclaimed dividends and undistributed assets — Canada Business Corporations Act

This account was established in accordance with sections 227 and 228 of the Canada Business Corporations Act, for the purpose of recording liabilities to creditors and shareholders who have not been located. The account is charged when funds are paid to them.

Unclaimed dividends and undistributed assets — Winding‑up and Restructuring Act

This account records amounts credited to the Receiver General, in accordance with sections 138 and 139 of the Winding‑up and Restructuring Act, pending distribution.

Radarsat

This account was established to record funds received for both cost‑sharing and advance payments for Radarsat scenes.

Project deposits — Statistics Canada

This account was established to record deposits received from outside parties to secure payments for special statistical services.

Special account — Courts Administration Service

This account was established to maintain accounts on behalf of litigants before the Federal Court and Federal Court of Appeal. These accounts record the funds paid into the Federal Court and Federal Court of Appeal, pursuant to an order of the Courts, rules of the Courts or statutes, to be held pending payment of such funds, in accordance with an order/judgment of these Courts.

Shared‑cost agreements — Offices of the Information and Privacy Commissioners of Canada

This account was established to record deposits received from organizations outside the Government of Canada accounting entity and payments made in accordance with a letter of agreement for shared‑costs to assume part of the conference held in October 2014.

Foreign governments

These accounts were established to record funds received from foreign governments, to cover expenditures to be made on their behalf, in accordance with the provisions of agreements with the Government of Canada.

Joint research and development projects — National Defence

This account was established to record funds received from other governments and organizations through collaborative relationships where the work is shared between the government of Canada and other laboratories.

Non‑government agencies

This account was established to record funds received for expenditures made on behalf of non‑government agencies, for which specific accounts have not been established.

Other Non‑Statutory Specified Purpose Account

This account was established to record funds received and payments by the Department of National Defence for the sale of jointly owned assets that must be redistributed to foreign governments.

Foreign Partners

These accounts were established to record funds received from foreign partners to cover expenditures to be made on their behalf, in accordance with the provisions of agreements with the Government of Canada.

Market development incentive payments — Alberta

This account records funds received from the Government of Alberta to encourage the expansion of natural gas markets in Alberta and provinces to the East, in accordance with an agreement between the Government of Canada and the Government of Alberta dated September 1, 1981 and pursuant to section 39 of the Energy Administration Act. The original term of the agreement was from November 1, 1981 to January 31, 1987. As a result of the Western Accord of March 25, 1985, payments from the Government of Alberta terminated as at April 30, 1986; however, payments continued to be made from the account for selected programs, which encouraged the use of natural gas for vehicles.

More recently, a new strategy for the expenditure of these funds has been agreed upon. This strategy consists of expending the remaining funds in support of natural gas (NG) market expansion activities related to transportation and combined heat and power applications across Canada.

Newfoundland Offshore Revenue Account

This account was established pursuant to section 214 of the Canada‑Newfoundland and Labrador Atlantic Accord Implementation Act to facilitate the sharing of certain revenues accruing from oil and gas activities in the Canada‑Newfoundland and Labrador offshore area with the Province of Newfoundland and Labrador. Through statutory provisions of the Act, an amount equal to certain offshore revenues (taxes, royalties and miscellaneous revenues) is credited to this account and subsequent payments to the Province of Newfoundland and Labrador are charged thereto.

Nova Scotia Offshore Revenue Account

This account was established pursuant to section 219 of the Canada‑Nova Scotia Offshore Petroleum Resources Accord Implementation Act to facilitate the sharing of certain revenues accruing from oil and gas activities in Canada‑Nova Scotia offshore area with the Province of Nova Scotia. Through statutory provisions of the Act, an amount equal to certain offshore revenues (taxes, royalties and miscellaneous revenues) is credited to this account and subsequent payments to the Province of Nova Scotia are charged thereto.

Shared‑cost agreements — Research — Natural Resources

This account was established to facilitate the retention and disbursement of funds received from private industries and other governments for joint projects or shared‑cost research agreements.

Shared‑cost projects — Natural Resources

This account was established to facilitate the retention and disbursement of funds received from private organizations and other governments for cost‑sharing scientific projects.

Security equipment purchases

Funds deposited in this account by licensees are used to provide for payment of purchases of security equipment for the licensees' facilities in accordance with security arrangements mandated pursuant to the Nuclear Safety and Control Act.

Shared‑cost projects — Media travel expenses

This account records medias' (non‑governmental organizations) reimbursements for travel arrangement services rendered to them.

Joint research and development projects — Royal Canadian Mounted Police

This account was established to record funds received from other government organizations in order to share costs incurred under various research project agreements, technical requirements and system improvements.

Military purchases excess funds deposit

This account was established by a written agreement between Canada and the United States, to record temporarily unused funds paid to the United States Government under contracts for purchases of military equipment. The funds are invested by the Federal Reserve Bank of New York to earn interest for the Government of Canada.

Shared‑cost agreements — Remediation Projects

This account was established to record funds received from external parties in order to cover expenditures incurred under shared‑cost remediation projects.

Shared‑cost agreements — Veterans Affairs

This account was established to record transactions relating to share of costs incurred under federal/provincial cost‑sharing agreements and funding for research and other projects at Sainte Anne's Hospital.

Footnotes

Footnote 1

Additional information on consolidated Crown corporations and other entities is provided in Section 4 of this volume.

Return to footnote 1 referrer

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