Other liabilities

Public Accounts of Canada 2016 Volume I—Top of the page Navigation

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. The CPP began operations in 1966. It 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 and the participating provinces. As such, CPP's financial activities are not part of the Government of Canada's reporting entity because changes to the CPP require the agreement of two thirds of participating provinces and it is therefore not controlled by the Government.

The Minister of Families, Children 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, 2016, the fair value of the CPP's assets available for benefit payments is $283,575 million ($269,615 million in 2015).

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 CPPIB, pension benefits and operating expenses, are reported as increases and decreases to this liability. The Account also records 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 $35 million ($212 million in 2015) corresponds to the balance in the Account and is reported as the Government's liability to the CPP at March 31, 2016.

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, in dollars, the Account balance 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 rows presents the assets available for benefit payments minus the receivables, net of liabilities and the accumulated net income. The following row presents an additional subtraction of the transfers to the Canada Pension Plan Investment Board. A final row presents the total for this table.

Table 6.29
Due to Canada Pension Plan

(in dollars)

  April 1, 2015
Receipts and other credits
Payments and other charges
March 31, 2016
Canada Pension Plan balance per audited consolidated financial statements
Assets available for benefit payments 269,614,714,942 56,127,925,484 42,167,739,909 283,574,900,517
Less:
Receivables, net of liabilities 4,780,228,095 4,599,198,207 4,780,228,095 4,599,198,207
Accumulated net income from Canada Pension Plan Investment Board's operations 136,305,000,000 10,007,000,000 876,000,000 145,436,000,000
Subtotal 128,529,486,847 41,521,727,277 36,511,511,814 133,539,702,310
Less: transfers to Canada Pension Plan Investment Board 128,317,426,977 33,218,345,001 38,405,891,599 133,504,973,575
Deposit with the Receiver General for Canada 212,059,870 74,740,072,278 74,917,403,413 34,728,735

Receipts and other credits include:

  1. contributions at the combined employer and employee rates of 9.9 per cent of pensionable earnings for the 2015 and 2016 calendar years, subject to maximum combined contributions of $4,960 and $5,089 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 Consolidated Revenue Fund.

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 of 7 per cent calculated on the actuarial present value of accrued benefits 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, 2016, over 31,343 annuitants held 33,357 active contracts, each annuitant receiving an average payment of $666.24. During the year, 57 deferred annuities came into payment and another 23 deferred contracts were adjusted or terminated at or before maturity, due to death, small refunds or unclaimed funds. Therefore, as of March 31, 2016, there were 316 outstanding deferred annuities, the last of which will come into payment around the year 2030.

During the 2015–2016 fiscal year, 3,325 annuities were terminated or adjusted as a result of annuitant deaths: 2,184 group certificates and 1,141 individual contracts. The average age at death for males was 88.1 while the female age at death averaged 91.3.

The opening balance of $141.4 million was reduced due to charges exceeding income by $14.9 million during 2015–2016. Since the actuarial reserves required as of March 31, 2016 were $126.5 million, an excess amount of $1,830,626 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, in dollars, the balances and transactions in deposit and trust accounts. It consists of five columns: a listing of related transactions by ministry and related department; 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 rows presents transactions related to deposit accounts by ministry and related department as well as their balances. The following row presents the total for deposit accounts. The second series of rows presents transactions related to trust accounts by ministry and related department as well as their balances. The following row presents the total for the trust accounts. A final row presents the total for this table.

Table 6.30
Deposit and trust accounts

(in dollars)

  April 1, 2015
Receipts and other credits
Payments and other charges
March 31, 2016
Deposit accounts
Agriculture and Agri-Food
Contractor security deposits—Certified cheques 82,657 29,769 112,426
Canadian Dairy Commission
Canadian Dairy Commission Account 147,847 31,153,308 31,301,155
Canadian Grain Commission
Producer Payment Protection Claim Account 150,000 150,000
Subtotal 230,504 31,333,077 31,301,155 262,426
Environment and Climate Change
Environment
Contractor security deposits—Cash and cheques 108,100 185,335 2,115 291,320
Parks Canada Agency
Contractor security deposits—Cash 614,473 588,788 714,254 489,007
Subtotal 722,573 774,123 716,369 780,327
Families, Children and Social Development
Employment and Social Development
Canada Labour Code—Other 144,732 1,179,689 472,246 852,175
Canada Labour Code—Wage recovery appeals 3,713,069 358,668 2,361,353 1,710,384
Subtotal 3,857,801 1,538,357 2,833,599 2,562,559
Finance
Canada Development Investment Corporation
Holdback—Privatization 21,554,142 97,294 21,651,436
Canada Hibernia Holding Corporation
Abandonment Reserve Fund 97,495,039 440,090 97,935,129
Swap collateral deposit 291,650,753 164,118,413 127,532,340
Subtotal 119,049,181 292,188,137 164,118,413 247,118,905
Fisheries, Oceans and the Canadian Coast Guard
Fisheries and Oceans
Contractor security deposits—Cash 144,251 537,959 387,360 294,850
Guarantee deposits—Fish habitat preservation 285,000 285,000
Subtotal 429,251 537,959 387,360 579,850
Health
Canadian Food Inspection Agency
Contractor security deposits—Cash 73,672 73,672
Indigenous and Northern Affairs
Indian Affairs and Northern Development
Field British Columbia and Yukon Operations of the Northern Canada Power Commission 992,587 992,587
Guarantee deposits 15,056,834 216,865 481,850 14,791,849
Guarantee deposits—Oil and gas 1,213,096 1,213,096
Subtotal 17,262,517 216,865 481,850 16,997,532
Innovation, Science and Economic Development
Industry
Deposits from spectrum auctions 24,600,000 24,600,000
Justice
Courts Administration Service
Security for costs 65,596 20,761 32,379 53,978
Registrar of the Supreme Court of Canada
Security for costs 392,053 100 392,153
Subtotal 457,649 20,861 32,379 446,131
National Defence
Contractor security deposits—Cash 4,553,856 7,188,865 8,244,494 3,498,227
National Revenue
Canada Revenue Agency
Guarantee deposits 178,548,394 40,981,321 29,510,455 190,019,260
Less: securities held in trust 40,000 40,000
Subtotal 178,508,394 40,981,321 29,510,455 189,979,260
Natural Resources
Contractor security deposits—Cash 43,454 47,612 52,174 38,892
Guarantee deposits—Oil and gas 8,383,603 5,276,780 5,728,790 7,931,593
Subtotal 8,427,057 5,324,392 5,780,964 7,970,485
Privy Council
Privy Council Office
Office of the Chief Electoral Officer
Candidates' and committees' deposits—Election and referendum 99,000 1,800,000 1,149,000 750,000
Public Safety and Emergency Preparedness
Canada Border Services Agency
General security deposits 6,218,715 521,987 121,986 6,618,716
Guarantee deposits 9,495,816 4,357,764 2,173,486 11,680,094
Immigration Guarantee Fund 21,092,081 7,046,509 6,761,050 21,377,540
Temporary deposits received from importers 1,123,571 385,955 432,943 1,076,583
Subtotal 37,930,183 12,312,215 9,489,465 40,752,933
Royal Canadian Mounted Police
Contractor security deposits—Cash 363,513 269,218 94,295
Subtotal 38,293,696 12,312,215 9,758,683 40,847,228
Public Services and Procurement
Public Works and Government Services
Contractor security deposits—Bonds 750,000 750,000
Contractor security deposits—Cash 4,423,017 8,560,801 4,550,236 8,433,582
Deposits on disposals 181,307 12,888,988 11,912,931 1,157,364
Seized property—Cash 54,672,368 20,795,923 24,221,869 51,246,422
Subtotal 60,026,692 42,245,712 41,435,036 60,837,368
Transport
Contractor security deposits—Cash 332,798 65,308 101,253 296,853
Total deposit accounts 456,924,641 436,527,192 320,451,010 573,000,823
Trust accounts
Families, Children and Social Development
Employment and Social Development
Indian Residential Schools Settlement Agreement
Common experience payments 301,978,300 896,252 220,723,839 82,150,713
Indigenous and Northern Affairs
Indian Affairs and Northern Development
Indian band funds
Capital accounts, Table 6.31 648,634,230 338,395,885 458,374,456 528,655,659
Revenue accounts, Table 6.32 186,063,434 65,467,535 69,892,303 181,638,666
Subtotal 834,697,664 403,863,420 528,266,759 710,294,325
Indian estate accounts 24,897,727 6,433,695 5,515,889 25,815,533
Indian savings accounts 32,658,629 1,761,036 3,720,440 30,699,225
Subtotal 892,254,020 412,058,151 537,503,088 766,809,083
Innovation, Science and Economic Development
Industry
Restitutions under the Competition Act 3,834 459 4,293
National Defence
Estates—Armed services 1,239,520 1,164,979 1,630,230 774,269
Public Safety and Emergency Preparedness
Canadian Security Intelligence Service
Scholastic awards 26,302 119 26,421
Correctional Service of Canada
Inmates' Trust Fund 18,250,310 43,386,878 43,401,210 18,235,978
Royal Canadian Mounted Police
Benefit Trust Fund 2,080,734 206,608 128,174 2,159,168
Subtotal 20,357,346 43,593,605 43,529,384 20,421,567
Veterans Affairs
Administered accounts 176,815 35,751 33,234 179,332
Estates Fund 248,137 15,693 263,830
Veterans Administration and Welfare Trust Fund 1,342,398 37,840 312,851 1,067,387
Subtotal 1,767,350 89,284 346,085 1,510,549
Total trust accounts 1,217,600,370 457,802,730 803,732,626 871,670,474
Total deposit and trust accounts 1,674,525,011 894,329,922 1,124,183,636 1,444,671,297

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.

Producer Payment Protection Claim Account

This account was established to coordinate receipt of security (bond, letter of credit, insurance) funds and disbursement to eligible producer claims as determined by the Canadian Grain Commission's Producer Protection Program under sections 45 and 49 the Canada Grain Act and the Canada Grain Regulations. These funds are held in trust for eligible producers until disbursed.

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.

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 Employment, Workforce Development and 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 Employment, Workforce Development and 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.

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.

An amount of $98 million US is held in this account 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.

During the year, the account was closed.

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—Registrar 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 Defence

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—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.

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 Elections 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 the Trustee, the Government of Canada, represented jointly by the Minister of Families, Children and Social Development and the Minister of Indigenous and Northern Affairs.

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, in dollars, 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 row presents the opening balance for the account. The following series of rows presents the various applicable classification objects related to receipts and other credits, the subtotal of the transactions and the total of the transaction type, which includes the opening balance. The second series of rows presents the various applicable classification objects related to payments and other charges as well as the total of the transaction type. A final row presents the closing balance for the account.

Table 6.31
Indian band funds—Capital accounts

(in dollars)

  2015–2016
2014–2015
Opening balance 648,634,230 635,248,632
Receipts and other credits
Claim settlements 67,700
Gas royalties 24,063,581 62,916,861
Oil royalties 28,512,130 75,022,621
Sundries 285,752,474 5,996,754
Subtotal 338,395,885 143,936,236
Total 987,030,115 779,184,868
Payments and other charges
Per capita cash distribution 11,667,658 20,311,650
Transfer pursuant to section 64 of the Indian Act 446,208,886 110,099,320
Sundries 497,912 139,668
Total 458,374,456 130,550,638
Closing balance 528,655,659 648,634,230
Table summary

The table presents, in dollars, 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 row presents the opening balance for the account. The following series of rows presents the various applicable classification objects related to receipts and other credits, the subtotal of the transactions and the total of the transaction type, which includes the opening balance. The second series of rows presents the various application classification objects related to payments and other charges as well as the sub-total of the transaction type. A final row presents the closing balance for the account.

Table 6.32
Indian band funds—Revenue accounts

(in dollars)

  2015–2016
2014–2015
Opening balance 186,063,434 198,005,579
Receipts and other credits
Court award and settlements 6,000 1,500
Government interest 17,530,785 20,503,230
Land and other claim settlements 1,182,300 165,000
Sundries 46,748,450 40,449,483
Subtotal 65,467,535 61,119,213
Total 251,530,969 259,124,792
Payments and other charges
Per capita cash distribution 8,040 7,860
Transfer pursuant to section 69 of the Indian Act 62,733,228 65,449,443
Sundries 7,151,035 7,604,055
Subtotal 69,892,303 73,061,358
Closing balance 181,638,666 186,063,434

Indian estate accounts

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

Indian savings accounts

These accounts were established to record funds received and disbursed for individual Indians pursuant to sections 52 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, in dollars, a summary of the balances for all 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 rows presents transactions by ministry, related department and their balances for the insurance and death benefit accounts followed by the total. The second series of rows presents transactions by ministry, related department and their balances for the pension accounts followed by the total. The final series of rows presents transactions by ministry, related department and their balances for other accounts followed by the total, minus consolidation adjustments. A final row present the total for other specified purpose accounts.

Table 6.33
Other specified purpose accounts

(in dollars)

  April 1, 2015
Receipts and other credits
Payments and other charges
March 31, 2016
Insurance and death benefit accounts
Families, Children and Social Development
Employment and Social Development
Civil Service Insurance Fund 4,077,895 69,855 1,569,620 2,578,130
National Defence
Regular Force Death Benefit Account, Table 6.34 187,511,126 28,523,400 30,582,832 185,451,694
Treasury Board
Public Service Death Benefit Account, Table 6.35 3,424,084,798 276,395,420 173,928,280 3,526,551,938
Veterans Affairs
Returned Soldiers' Insurance Fund 6,595 775 1,052 6,318
Veterans' Insurance Fund 1,823,084 46,992 318,635 1,551,441
Subtotal 1,829,679 47,767 319,687 1,557,759
Total insurance and death benefit accounts 3,617,503,498 305,036,442 206,400,419 3,716,139,521
Pension accounts
Families, Children and Social Development
Employment and Social Development
Annuities Agents' Pension Account 378 3 381
Global Affairs
Foreign Affairs, Trade and Development
Contributory Pension Account—Locally engaged staff 117,040 4,986 112,054
Public Safety and Emergency Preparedness
Royal Canadian Mounted Police
Dependants' Pension Fund 19,370,510 877,794 2,575,374 17,672,930
Total pension accounts 19,487,928 877,797 2,580,741 17,784,984
Other accounts
Agriculture and Agri-Food
AgriInvest Program 7,696,197 240,050,277 242,887,685 4,858,789
AgriStability Program 49,239,997 33,331,278 32,901,294 49,669,981
Foreign missions to advance Canadian agriculture 7,854 237,606 194,918 50,542
Subtotal 56,944,048 273,619,161 275,983,897 54,579,312
Canadian Heritage
Miscellaneous projects deposits 127,981 292,945 306,756 114,170
Shared-cost/joint project agreements 205,000 23,400 181,600
Library and Archives of Canada
Special Operating Account 205,713 63,158 102,616 166,255
Telefilm Canada
Advance Account 47,596,462 129,159,947 119,606,613 57,149,796
Subtotal 48,135,156 129,516,050 120,039,385 57,611,821
Environment and Climate Change
Environment
Parks Canada Agency
Miscellaneous projects deposits 3,674,281 5,604,649 5,040,330 4,238,600
Families, Children and Social Development
Employment and Social Development
Federal/provincial collaborative agreement 8,474 67,226,791 67,234,758 507
Federal/provincial shared-cost project 431,909 53,163 378,746
Federal/provincial/territorial shared-cost project
Interprovincial Computerized Examination Management System (ICEMS) 3,780,827 1,635,595 1,209,226 4,207,196
Labour Standards Suspense Account 1,544,197 26,973 390 1,570,780
Subtotal 5,765,407 68,889,359 68,497,537 6,157,229
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, Oceans and the Canadian Coast Guard
Fisheries and Oceans
Federal/provincial cost-sharing agreements 313,528 447,020 546,246 214,302
Miscellaneous projects deposits 22,814,103 7,891,304 9,815,916 20,889,491
Sales of seized assets 1,250,015 382,984 303,773 1,329,226
Subtotal 24,377,646 8,721,308 10,665,935 22,433,019
Global Affairs
Foreign Affairs, Trade and Development
Canada Foundation Account 389,039 7,737 13,588 383,188
Less:
Securities held in trust 376,036 11,871 6,760 370,925
Deposits in a special bank account 13,003 1,717 977 12,263
Subtotal 21,325 21,325
Financial assistance to Canadians abroad 180,859 937,120 922,591 195,388
Funds from non-governmental organizations 2,397,265 6,759,067 7,146,697 2,009,635
Shared-cost projects 9,957,325 6,811,103 6,972,513 9,795,915
Shared-cost projects—Support to various programs 6,244,500 2,855,248 5,282,341 3,817,407
Subtotal 18,779,949 17,383,863 20,345,467 15,818,345
Health
Collaborative research projects 2,921,441 723,016 531,956 3,112,501
Miscellaneous federal/provincial projects 1,620,315 311,348 359,483 1,572,180
World Health Organization 106,133 106,133
Canadian Food Inspection Agency
Shared-cost agreements 1,267,618 871,321 1,027,381 1,111,558
Public Health Agency of Canada
Collaborative research projects 1,698,613 336,117 1,209,945 824,785
Miscellaneous federal/provincial projects 986,197 13,000 973,197
Subtotal 8,600,317 2,241,802 3,141,765 7,700,354
Immigration, Refugees and Citizenship
Citizenship and Immigration
Immigrant Investor Program 61,239,879 665,368,960 703,245,119 23,363,720
Indigenous and Northern Affairs
Indian Affairs and Northern Development
Indian band funds
Shares and certificates 20,000 20,000
Less: securities held in trust 20,000 20,000
Subtotal
Indian Moneys Suspense Account 52,907,650 286,400,765 296,265,834 43,042,581
Indian special accounts 413,294 5,055 418,349
Non-Indian moneys 22,671 315,287 337,958
Subtotal 53,343,615 286,721,107 296,603,792 43,460,930
Innovation, Science and Economic Development
Industry
Federal/provincial agreement—Advance Account 355,617 260,000 466,029 149,588
Income from securities in trust—Bankruptcy and Insolvency Act 52,031 52,031
Petro-Canada Enterprises Inc.—Unclaimed shares 687,348 687,348
Securities in trust—Bankruptcy and Insolvency Act 31,266 31,266
Less: securities held in trust 31,266 31,266
Subtotal 31,266 31,266
Shared-cost projects 1,239,899 490,421 148,330 1,581,990
Unclaimed dividends and undistributed assets
Bankruptcy and Insolvency Act 27,067,116 1,908,981 520,204 28,455,893
Canada Business Corporations Act 7,790,875 175,583 261,969 7,704,489
Winding-up and Restructuring Act 3,688,033 1,229,239 4,917,272
Canadian Space Agency
RADARSAT 97,461 97,461
Statistics Canada
Project deposits 1,186,902 102,317,032 103,121,738 382,196
Subtotal 42,165,282 106,412,522 104,646,997 43,930,807
Justice
Courts Administration Service
Special Account 7,837,800 3,225,861 4,071,853 6,991,808
National Defence
Foreign governments—United Kingdom
British Army—Suffield, Alberta 1,269,109 1,269,109
Joint research and development projects 2,835,664 1,634,038 1,048,155 3,421,547
Non-government agencies 2,912,626 3,378,327 3,290,396 3,000,557
Communications Security Establishment
Foreign partners—Security 2,063,294 361,854 1,427,528 997,620
Subtotal 9,080,693 5,374,219 5,766,079 8,688,833
National Revenue
Canada Revenue Agency
Deposits/Disbursements—Workers' Compensation Board 154,879 270,723,966 270,277,183 601,662
Natural Resources
Market development incentive payments—Alberta 2,113,857 326,544 1,787,313
Newfoundland Offshore Revenue Account 268,588,906 268,588,906
Nova Scotia Offshore Revenue Account 27,556,021 27,556,021
Shared-cost agreements—Research 4,261,784 2,858,278 2,472,380 4,647,682
Shared-cost projects 477,208 948,824 1,244,497 181,535
Canadian Nuclear Safety Commission
Security equipment purchases 6,466 683 5,783
Subtotal 6,859,315 299,952,029 300,189,031 6,622,313
Office of the Governor General's Secretary
Cost-sharing collaborate agreement 33,686 32,309 1,377
Privy Council
Privy Council Office
Shared-cost projects—Media travel expenses 82,941 579,296 576,246 85,991
Public Safety and Emergency Preparedness
Royal Canadian Mounted Police
Joint research and development projects 1,186,072 80,000 314,573 951,499
Public Services and Procurement
Public Works and Government Services
Military purchases excess funds deposit 190,729,261 21,360,707 169,368,554
Less: securities held in trust 190,729,261 21,360,707 169,368,554
Subtotal 21,360,707 21,360,707
Transport
Shared-cost agreements—Remediation projects 24,788,842 19,048,842 5,740,000
Veterans Affairs
Shared-cost agreements 3,273 661 3,273 661
Total 375,880,422 2,165,809,206 2,229,850,320 311,839,308
Less: consolidation adjustmentLink to footnote 1 47,596,462 9,553,334 57,149,796
Total other accounts 328,283,960 2,156,255,872 2,229,850,320 254,689,512
Total other specified purpose accounts 3,965,275,386 2,462,170,111 2,438,831,480 3,988,614,017

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, 2016 was 279 and the average age of the policyholders was 92.5 years. During the year, premiums of $315 were received. Death benefits, settlement annuities and premium refunds of $1,569,620 were paid during 2015–2016.

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 $2,578,130 as at March 31, 2016. The balance in the Account as at March 31, 2016 is $2,508,590. The deficit as at March 31, 2016 is therefore $69,540. Pursuant to subsection 16(3) of the Civil Service Insurance Regulations, an amount of 69,540 has therefore been credited to the Account in 2015–2016.

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, in dollars, a two-year comparative of the Regular Force Death Benefit Account. It consists of three columns: a listing of transactions classified by activity type and object; current year; previous year. The first row presents the opening balance for the account. The following series of rows presents the various applicable classification objects related to receipts and other credits, the total of the objects for the transaction type and the subtotal, which includes the opening balance. The second series of rows presents the various applicable classification objects related to payments and other charges. A final row presents the closing balance for the account.

Table 6.34
Regular Force Death Benefit Account

(in dollars)

  2015–2016
2014–2015
Opening balance 187,511,126 189,251,651
Receipts and other credits
Employee contributions 17,680,864 17,515,935
Employer contributions
Government
General 1,928,531 2,017,428
Single premiums payable by the Government in respect of Regular Force participants who became entitled to a basic benefit of $5,000 without contribution 243,349 786,290
Interest 8,670,656 9,456,294
Total receipts and other credits 28,523,400 29,775,947
Subtotal 216,034,526 219,027,598
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 30,582,832 31,516,472
Closing balance 185,451,694 187,511,126

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, in dollars, a two-year comparative of Public Service Death Benefit Account. It consists of three columns: a listing of transactions classified by activity type and object; current year; previous year. The first row presents the opening balance. The following series of rows presents various applicable classification objects related to receipts and other credits, the total of the objects for the transaction type and the subtotal, which includes the opening balance. The second series of rows presents the different classification objects related to payments and other charges. A final row presents the closing balance for the account.

Table 6.35
Public Service Death Benefit Account

(in dollars)

  2015–2016
2014–2015
Opening balance 3,424,084,798 3,310,011,661
Receipts and other credits
Employee contributions
Active members
Public service employees 69,915,445 69,530,578
Public service corporations 5,378,959 5,162,060
Retired employees 25,035,477 23,994,248
Employer contributions
Public service corporations 1,427,565 1,376,392
Death benefit—general 10,859,808 10,906,651
Death benefit—single premium for $10,000 2,936,566 2,769,441
Interest 160,841,600 167,169,944
Total receipts and other credits 276,395,420 280,909,314
Subtotal 3,700,480,218 3,590,920,975
Payments and other charges
Benefit payments
General 130,008,537 130,506,738
Life coverage for $10,000 43,610,580 35,956,362
Other death benefit payments 309,163 373,077
Total payments and other charges 173,928,280 166,836,177
Closing balance 3,526,551,938 3,424,084,798

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, 2015, of $775 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, 2015, of $46,936 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.

During the fiscal year, the account was closed.

Contributory 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 deposits made by Canadian agri-food industry organizations towards the costs of hosting incoming government-to-government foreign missions that advance Canadian agri-food commercial interests, or for costs related to outgoing foreign missions in support of incremental agri-food market development activities, for which there is a collaborative agreement with the Federal Government. The costs incurred by the Federal Government to undertake these missions are charged to this account and any unspent deposits are returned to the relevant Canadian agri-food industry organizations at the completion of each mission.

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.

Miscellaneous projects deposits—Parks Canada Agency

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

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 as 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 Employment, Workforce Development and 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.

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 per cent 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.

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.

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.

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.

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 Corporations 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 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.

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.

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.

Deposits/Disbursements—Workers' Compensation Board

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

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 expanding the use of natural gas (NG) in 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 transfer of funds to the province of Newfoundland and Labrador equal to revenues from oil and gas activities in the Canada-Newfoundland and Labrador offshore. 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 transfer of funds to the province of Nova Scotia equal to revenues from oil and gas activities in Canada-Nova Scotia offshore. 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.

Cost-sharing collaborate agreement

This account was established to record amounts deposited by external parties for shared-cost projects.

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.

Public Accounts of Canada 2016 Volume I—Bottom of the page Navigation

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