Ten-year comparative financial information

Public Accounts of Canada 2017 Volume I—Top of the page Navigation

The following tables provide a ten-year comparison of financial information based on the accounting policies explained in Note 1 to the audited consolidated financial statements in Section 2 of this volume.

Table 1.1
Government of Canada
Consolidated Statement of Operations and Accumulated Deficit—detailed

(in millions of dollars)

  Year ended March 31Link to footnote 1
2008 2009 2010 2011 2012Link to footnote 3 2013Link to footnote 2 2014 2015 2016 2017
Revenues
Tax revenues
Income tax revenues
Personal 113,528 116,612 105,040 114,661 120,537 125,728 130,811 135,743 144,897 143,680
Corporate 42,212 31,243 32,247 31,953 33,641 34,986 36,587 39,447 41,444 42,216
Non-resident 5,693 6,298 5,293 5,137 5,300 5,073 6,404 6,216 6,505 7,071
Total 161,433 154,153 142,580 151,751 159,478 165,787 173,802 181,406 192,846 192,967
Other taxes and duties
Goods and services tax 29,920 25,740 26,947 28,379 28,370 28,821 30,998 31,349 32,952 34,368
Energy taxes 5,139 5,161 5,178 5,342 5,328 5,381 5,486 5,528 5,565 5,634
Customs import duties 3,903 4,036 3,490 3,520 3,862 3,979 4,239 4,581 5,372 5,478
Other excise taxes and duties 5,245 4,869 4,958 5,662 5,546 5,370 5,413 5,724 5,916 5,868
Total 44,207 39,806 40,573 42,903 43,106 43,551 46,136 47,182 49,805 51,348
Total tax revenues 205,640 193,959 183,153 194,654 202,584 209,338 219,938 228,588 242,651 244,315
Employment insurance premiums 16,558 16,887 16,761 17,501 18,556 20,395 21,766 22,564 23,070 22,125
Other revenues
Enterprise Crown corporations and other government business enterprises 4,744 5,917 4,552 9,590 7,983 7,543 7,966 9,306 7,916 5,655
Other 16,711 18,787 15,990 17,286 18,315 17,857 20,325 20,533 19,494 19,267
Net foreign exchange 1,872 1,736 1,647 1,809 1,669 1,502 1,682 1,355 2,322 2,133
Total other revenues 23,327 26,440 22,189 28,685 27,967 26,902 29,973 31,194 29,732 27,055
Total revenues 245,525 237,286 222,103 240,840 249,107 256,635 271,677 282,346 295,453 293,495
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance 31,955 33,377 34,653 35,629 38,045 40,255 41,786 44,103 45,461 48,162
Major transfer payments to other levels of government
Canada health transfer 21,474 22,759 24,820 26,031 27,174 28,912 30,543 32,114 34,025 36,057
Canada social transfer 9,872 10,568 10,858 11,179 11,514 11,860 12,215 12,582 12,959 13,348
Fiscal arrangements 11,850 12,164 13,490 13,826 15,259 15,595 15,610 16,271 16,893 17,145
Other major transfers 2,923 985 7,772 1,751 2,847 2,003 2,107 2,142 1,973 2,102
Subtotal 46,119 46,476 56,940 52,787 56,794 58,370 60,475 63,109 65,850 68,652
Employment insurance 14,298 16,308 21,586 19,850 17,647 17,099 17,300 18,052 19,419 20,711
Children's benefits 11,894 11,901 12,340 12,656 12,726 12,975 13,136 14,303 18,025 22,065
Other transfer payments 31,269 34,793 45,949 43,155 37,720 34,862 36,698 35,126 34,874 41,580
Total transfer payments 135,535 142,855 171,468 164,077 162,932 163,561 169,395 174,693 183,629 201,170
Other expenses 67,068 69,196 76,819 79,264 81,374 82,618 79,251 79,243 87,368 85,986
Total program expenses 202,603 212,051 248,287 243,341 244,306 246,179 248,646 253,936 270,997 287,156
Public debt charges 33,325 30,990 29,414 30,871 31,080 28,871 28,181 26,499 25,443 24,109
Total expenses 235,928 243,041 277,701 274,212 275,386 275,050 276,827 280,435 296,440 311,265
Annual (deficit) surplus 9,597 (negative 5,755) (negative 55,598) (negative 33,372) (negative 26,279) (negative 18,415) (negative 5,150) 1,911 (negative 987) (negative 17,770)
Accumulated deficit at beginning of year (negative 467,268) (negative 457,637) (negative 463,710) (negative 519,097) (negative 551,668) (negative 591,040) (negative 609,391) (negative 611,881) (negative 612,330) (negative 615,986)
International Financial Reporting Standards (IFRS) transition adjustment (negative 3,337)
Other comprehensive income (loss) 34 (negative 318) 211 2,142 (negative 2,292) 64 2,660 (negative 2,360) (negative 2,669) 1,857
Accumulated deficit at end of year (negative 457,637) (negative 463,710) (negative 519,097) (negative 550,327) (negative 583,576) (negative 609,391) (negative 611,881) (negative 612,330) (negative 615,986) (negative 631,899)

Table 1.2
Government of Canada
Consolidated Statement of Financial Position—detailed

(in millions of dollars)

  As at March 31Link to footnote 4
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Liabilities
Accounts payable and accrued liabilities
Amounts payable to taxpayers 49,010 50,845 48,251 48,648 50,952 54,877 52,600 56,198 53,697 55,077
Other accounts payable and accrued liabilities 32,138 31,401 40,311 38,246 42,342 31,480 27,120 28,792 33,232 34,431
Provision for contingent liabilities 13,739 12,657 13,214 12,900 12,804 12,262 11,135 11,757 12,562 16,511
Environmental liabilities and asset retirement obligations 6,669 6,342 6,602 7,745 8,362 10,600 11,143 12,296 13,282 12,599
Deferred revenue 1,725 5,835 5,294 4,788 4,164 3,570 4,147 9,348 10,158 9,238
Interest and matured debt 7,182 6,919 6,853 6,733 6,379 5,955 5,585 5,240 4,922 4,663
Total accounts payable and accrued liabilities 110,463 113,999 120,525 119,060 125,003 118,744 111,730 123,631 127,853 132,519
Interest-bearing debt
Unmatured debt
Payable in Canadian currency
Marketable bonds 253,550 295,186 367,962 416,080 448,140 469,039 473,319 487,881 504,068 536,280
Treasury bills 116,936 192,275 175,849 162,980 163,221 180,689 152,990 135,692 138,100 136,700
Retail debt 13,068 12,532 11,855 10,141 8,922 7,481 6,327 5,660 5,076 4,533
Bonds for Canada Pension Plan 1,042 523 452 27 11
Subtotal 384,596 500,516 556,118 589,228 620,294 657,209 632,636 629,233 647,244 677,513
Payable in foreign currencies 9,498 10,381 8,243 7,628 10,715 10,802 16,030 20,267 22,482 17,609
Cross-currency swap revaluation (negative 1,420) 3,690 (negative 4,233) (negative 5,091) (negative 4,448) (negative 3,419) 2,326 6,669 8,391 7,764
Unamortized discounts and premiums on market debt (negative 6,213) (negative 4,751) (negative 5,092) (negative 4,485) (negative 4,295) 3,231 3,184 4,296 5,047 5,322
Obligation related to capital leases 4,236 4,184 4,090 3,685 3,633 3,647 3,603 3,710 3,477 3,226
Other unmatured debt 190 453 917 1,179 1,005 1,570 2,199
Total unmatured debt 390,697 514,020 559,126 591,155 626,352 672,387 658,958 665,180 688,211 713,633
Pensions and other future benefits
Public sector pensions 137,371 139,909 142,843 146,135 148,911 151,667 153,162 152,664 152,227 151,806
Other employee and veteran future benefits 47,901 50,311 54,227 58,206 61,915 67,301 71,959 76,140 85,681 93,568
Total pensions and other future benefits 185,272 190,220 197,070 204,341 210,826 218,968 225,121 228,804 237,908 245,374
Due to Canada Pension Plan 106 90 175 23 138 68 140 212 35 106
Other liabilities 5,789 5,833 6,412 6,292 6,795 5,978 5,774 5,790 5,567 5,583
Total interest-bearing debt 581,864 710,163 762,783 801,811 844,111 897,401 889,993 899,986 931,721 964,696
Total liabilities 692,327 824,162 883,308 920,871 969,114 1,016,145 1,001,723 1,023,617 1,059,574 1,097,215
Financial assets
Cash and accounts receivable
Cash and cash equivalents 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500
Taxes receivable 65,902 71,911 69,063 78,626 86,006 92,115 92,489 98,499 105,848 110,514
Other accounts receivable 3,247 3,251 3,692 3,958 4,513 4,698 4,656 3,198 10,270 11,041
Total cash and accounts receivable 82,878 122,147 101,205 96,907 107,662 124,154 128,574 136,696 154,688 158,055
Foreign exchange accounts
International reserves held in the Exchange Fund Account 42,904 51,194 53,701 54,041 62,141 63,381 77,365 91,961 101,379 106,668
International Monetary Fund—Subscriptions 10,752 12,011 9,823 9,792 9,842 9,694 10,883 11,129 20,170 19,892
International Monetary Fund—Loans 337 1,139 1,325 1,457 1,665 1,353 1,278 1,125
Less: International Monetary Fund—Notes payable and special drawing rights allocations 11,357 11,496 16,911 16,465 16,311 15,773 17,651 19,425 29,288 28,888
Total foreign exchange accounts 42,299 51,709 46,950 48,507 56,997 58,759 72,262 85,018 93,539 98,797
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises 30,167 104,049 129,523 135,673 130,662 131,785 94,815 89,375 91,116 99,427
Other loans, investments and advances 20,702 21,044 23,158 22,876 22,258 23,134 22,820 24,306 24,841 24,579
Total loans, investments and advances 50,869 125,093 152,681 158,549 152,920 154,919 117,635 113,681 115,957 124,006
Public sector pension assets 938 1,263 1,639 1,900
Total financial assets 176,046 298,949 300,836 303,963 317,579 337,832 319,409 336,658 365,823 382,758
Net Debt (negative 516,281) (negative 525,213) (negative 582,472) (negative 616,908) (negative 651,535) (negative 678,313) (negative 682,314) (negative 686,959) (negative 693,751) (negative 714,457)
Non-financial assets
Tangible capital assets 51,175 53,326 55,054 57,668 59,047 60,241 61,942 63,347 65,838 69,676
Inventories 6,248 6,348 6,192 6,830 6,996 7,453 7,316 7,250 7,221 6,842
Prepaid expenses and other 1,221 1,829 2,129 2,083 1,916 1,228 1,175 4,032 4,706 6,040
Total non-financial assets 58,644 61,503 63,375 66,581 67,959 68,922 70,433 74,629 77,765 82,558
Accumulated deficit (negative 457,637) (negative 463,710) (negative 519,097) (negative 550,327) (negative 583,576) (negative 609,391) (negative 611,881) (negative 612,330) (negative 615,986) (negative 631,899)

Table 1.3
Government of Canada
Consolidated Statement of Change in Net Debt—detailed

(in millions of dollars)

  Year ended March 31
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Net debt at beginning of year—as previously reported (negative 523,905) (negative 516,281) (negative 525,213) (negative 582,472) (negative 616,908) (negative 650,135) (negative 671,363) (negative 682,314) (negative 686,959) (negative 693,751)
Accounting changes and restatement
Accumulated sick leave entitlements (negative 1,341) (negative 1,400)
Unamortized premiums and discounts on the buy-back of bonds (negative 5,669) (negative 5,387)
Loans expected to be repaid from future appropriations (negative 1,795) (negative 1,563)
Net debt at beginning of year—as restated (negative 523,905) (negative 516,281) (negative 525,213) (negative 582,472) (negative 618,249) (negative 658,999) (negative 678,313) (negative 682,314) (negative 686,959) (negative 693,751)
International Financial Reporting Standards (IFRS) transition adjustment (negative 3,337)
Change in net debt during the year
Annual (deficit) surplus 9,597 (negative 5,755) (negative 55,598) (negative 33,372) (negative 26,279) (negative 18,415) (negative 5,150) 1,911 (negative 987) (negative 17,770)
Change due to tangible capital assets
Acquisition of tangible capital assets (negative 5,957) (negative 6,249) (negative 7,136) (negative 8,061) (negative 6,976) (negative 7,175) (negative 7,129) (negative 7,204) (negative 8,015) (negative 8,547)
Amortization of tangible capital assets 3,954 4,176 4,418 4,756 4,859 5,184 4,865 5,090 5,049 5,168
Proceeds from disposal of tangible capital assets 440 608 297 447 664 407 875 954 632 421
Net (gain) loss on disposal of tangible capital assets, including adjustments (negative 576) (negative 686) 693 244 74 390 (negative 312) (negative 245) (negative 157) (negative 880)
Total change due to tangible capital assets (negative 2,139) (negative 2,151) (negative 1,728) (negative 2,614) (negative 1,379) (negative 1,194) (negative 1,701) (negative 1,405) (negative 2,491) (negative 3,838)
Change due to inventories (negative 260) (negative 100) 156 (negative 638) (negative 166) (negative 457) 137 66 29 379
Change due to prepaid expenses 392 (negative 608) (negative 300) 46 167 688 53 (negative 2,857) (negative 674) (negative 1,334)
Net (increase) decrease in net debt due to operations 7,590 (negative 8,614) (negative 57,470) (negative 36,578) (negative 27,657) (negative 19,378) (negative 6,661) (negative 2,285) (negative 4,123) (negative 22,563)
Other comprehensive income (loss) 34 (negative 318) 211 2,142 (negative 2,292) 64 2,660 (negative 2,360) (negative 2,669) 1,857
Net (increase) decrease in net debt 7,624 (negative 8,932) (negative 57,259) (negative 34,436) (negative 29,949) (negative 19,314) (negative 4,001) (negative 4,645) (negative 6,792) (negative 20,706)
Net debt at end of year (negative 516,281) (negative 525,213) (negative 582,472) (negative 616,908) (negative 651,535) (negative 678,313) (negative 682,314) (negative 686,959) (negative 693,751) (negative 714,457)

Table 1.4
Government of Canada
Consolidated Statement of Cash Flow—detailed

(in millions of dollars)

  Year ended March 31
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Operating activities
Annual (deficit) surplus 9,597 (negative 5,755) (negative 55,598) (negative 33,372) (negative 26,279) (negative 18,415) (negative 5,150) 1,911 (negative 987) (negative 17,770)
Non-cash items
Share of annual profit in enterprise Crown corporations and other government business enterprises (negative 4,256) (negative 4,773) (negative 2,306) (negative 6,992) (negative 5,350) (negative 4,995) (negative 5,945) (negative 8,365) (negative 7,316) (negative 4,920)
Amortization of tangible capital assets 3,954 4,176 4,418 4,756 4,859 5,184 4,865 5,090 5,049 5,168
Net (gain) loss on disposal of tangible capital assets, including adjustments (negative 576) (negative 686) 693 244 74 390 (negative 312) (negative 245) (negative 157) (negative 880)
Cross-currency swap revaluation (negative 329) 5,110 (negative 7,923) (negative 858) 643 1,029 5,745 4,343 1,722 (negative 627)
Change in taxes receivable 590 (negative 6,009) 2,848 (negative 9,563) (negative 7,380) (negative 6,109) (negative 374) (negative 6,010) (negative 7,349) (negative 4,666)
Change in pensions and other future benefits 5,423 4,948 6,850 7,271 5,144 8,142 5,215 3,358 8,728 7,205
Change in foreign exchange accounts 1,879 (negative 9,410) 4,759 (negative 1,557) (negative 8,490) (negative 1,762) (negative 13,503) (negative 12,756) (negative 8,521) (negative 5,258)
Change in accounts payable and accrued liabilities 3,952 3,536 6,434 (negative 1,603) 5,635 (negative 6,565) (negative 6,764) 10,855 2,739 3,120
Change in cash collateral pledged to counterparties (negative 6,557) (negative 316)
Net change in other accounts 1,797 2,752 2,373 9 2,152 1,481 1,703 1,716 1,517 1,135
Cash (used) provided by operating activities 22,031 (negative 6,111) (negative 37,452) (negative 41,665) (negative 28,992) (negative 21,620) (negative 14,520) (negative 103) (negative 11,132) (negative 17,809)
Capital investment activities
Acquisition of tangible capital assets (negative 5,957) (negative 6,249) (negative 7,136) (negative 8,061) (negative 6,976) (negative 7,175) (negative 7,129) (negative 6,804) (negative 7,379) (negative 7,834)
Proceeds from disposal of tangible capital assets 440 608 297 447 664 407 875 954 632 421
Cash used by capital investment activities (negative 5,517) (negative 5,641) (negative 6,839) (negative 7,614) (negative 6,312) (negative 6,768) (negative 6,254) (negative 5,850) (negative 6,747) (negative 7,413)
Investing activities
Enterprise Crown corporations and other government business enterprises
Equity transactions 2,436 1,495 (negative 3,226) 2,818 2,684 1,445 5,165 3,514 4,975 2,195
Issuance of loans and advances (negative 5,052) (negative 132,057) (negative 119,755) (negative 76,579) (negative 63,389) (negative 65,183) (negative 70,328) (negative 79,905) (negative 54,542) (negative 52,213)
Repayment of loans and advances 435 60,688 99,921 76,677 65,286 66,156 110,259 88,168 52,699 48,703
Issuance of other loans, investments and advances (negative 6,571) (negative 6,910) (negative 21,174) (negative 5,858) (negative 7,679) (negative 5,533) (negative 5,525) (negative 8,124) (negative 7,749) (negative 6,104)
Repayment of other loans, investments and advances 6,883 5,041 16,620 5,814 6,858 4,221 4,418 5,503 6,145 5,510
Cash (used) provided by investing activities (negative 1,869) (negative 71,743) (negative 27,614) 2,872 3,760 1,106 43,989 9,156 1,528 (negative 1,909)
Total cash (used) generated before financing activities 14,645 (negative 83,495) (negative 71,905) (negative 46,407) (negative 31,544) (negative 27,282) 23,215 3,203 (negative 16,351) (negative 27,131)
Financing activities
Issuance of Canadian currency borrowings 343,755 531,668 554,892 553,464 567,707 579,456 512,009 468,021 452,850 507,483
Repayment of Canadian currency borrowings (negative 366,493) (negative 415,801) (negative 499,383) (negative 520,569) (negative 536,430) (negative 542,063) (negative 536,364) (negative 471,891) (negative 435,143) (negative 477,549)
Issuance of foreign currency borrowings 11,099 24,500 22,212 8,195 12,743 7,782 12,011 16,961 26,817 21,702
Repayment of foreign currency borrowings (negative 11,973) (negative 23,616) (negative 24,351) (negative 8,810) (negative 9,656) (negative 7,695) (negative 6,783) (negative 12,724) (negative 24,602) (negative 26,575)
Cash provided (used) by financing activities (negative 23,612) 116,751 53,370 32,280 34,364 37,480 (negative 19,127) 367 19,922 25,061
Net (decrease) increase in cash and cash equivalents (negative 8,967) 33,256 (negative 18,535) (negative 14,127) 2,820 10,198 4,088 3,570 3,571 (negative 2,070)
Cash and cash equivalents at beginning of year 22,696 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570
Cash and cash equivalents at end of year 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500

Table 1.5
Government of Canada
Consolidated Statement of Non-Budgetary Transactions and of Non-Financial Assets—detailed

(in millions of dollars)

  Year ended March 31
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
Loans and advances
Canada Mortgage and Housing Corporation 258 (negative 57,470) (negative 10,399) 2,693 2,974 3,472 41,951 10,465 177 720
Business Development Bank of Canada (negative 1,000) (negative 6,284) (negative 4,961) (negative 978) 662 (negative 653) (negative 1,106) (negative 1,356) (negative 1,266) (negative 1,869)
Farm Credit Canada (negative 3,840) (negative 7,610) (negative 4,481) (negative 1,627) (negative 1,768) (negative 1,848) (negative 855) (negative 662) (negative 747) (negative 2,246)
Other (negative 35) (negative 5) 7 10 29 2 (negative 59) (negative 185) (negative 7) (negative 115)
Subtotal (negative 4,617) (negative 71,369) (negative 19,834) 98 1,897 973 39,931 8,262 (negative 1,843) (negative 3,510)
Investments
Share of annual profit (negative 4,256) (negative 4,773) (negative 2,306) (negative 6,992) (negative 5,350) (negative 4,995) (negative 5,945) (negative 8,365) (negative 7,316) (negative 4,920)
Other comprehensive (income) loss (negative 34) 318 (negative 211) (negative 2,142) 2,292 (negative 64) (negative 2,660) 2,360 2,669 (negative 1,857)
Dividends 2,436 2,095 1,391 2,818 2,028 1,445 5,215 2,341 4,002 2,320
Capital (negative 600) (negative 4,617) 656 (negative 50) 1,030 973 (negative 125)
Transition adjustment and other 3,337 143
Subtotal (negative 1,854) (negative 2,960) (negative 5,743) (negative 6,316) 2,963 (negative 3,614) (negative 3,440) (negative 2,491) 328 (negative 4,582)
Total (negative 6,471) (negative 74,329) (negative 25,577) (negative 6,218) 4,860 (negative 2,641) 36,491 5,771 (negative 1,515) (negative 8,092)
Less:
Loans expected to be repaid from future appropriations 32 (negative 473) (negative 103) (negative 64) (negative 119) (negative 1,519) (negative 480) 353 221 218
Unamortized discounts and premiums (negative 19) 26 (negative 4) (negative 32) 1 (negative 22) 5 1
Total (negative 6,484) (negative 73,882) (negative 25,474) (negative 6,150) 5,011 (negative 1,122) 36,970 5,440 (negative 1,741) (negative 8,311)
Other loans, investments and advances
Portfolio investments 6 2 12 5 10 5
National governments, including developing countries 143 (negative 182) 235 69 40 18 (negative 7) (negative 606) 22 (negative 49)
International organizations (negative 321) (negative 905) (negative 454) (negative 826) (negative 704) (negative 885) (negative 900) (negative 1,039) (negative 972) (negative 703)
Provincial and territorial governments 899 217 590 257 (negative 849) 803 849 765 693 126
Other loans, investments and advances (negative 410) (negative 1,005) (negative 4,926) 456 680 (negative 1,254) (negative 1,049) (negative 1,751) (negative 1,352) 32
Total 311 (negative 1,869) (negative 4,553) (negative 44) (negative 821) (negative 1,313) (negative 1,107) (negative 2,621) (negative 1,604) (negative 594)
Less: allowance for valuation (negative 398) (negative 1,527) (negative 2,440) (negative 326) (negative 1,439) (negative 436) (negative 1,421) (negative 1,135) (negative 1,069) (negative 856)
Total 709 (negative 342) (negative 2,113) 282 618 (negative 877) 314 (negative 1,486) (negative 535) 262
Total loans, investments and advances (negative 5,775) (negative 74,224) (negative 27,587) (negative 5,868) 5,629 (negative 1,999) 37,284 3,954 (negative 2,276) (negative 8,049)
Pensions and other future benefits
Public sector pensions 2,645 2,538 2,934 3,292 2,776 2,757 557 (negative 823) (negative 813) (negative 682)
Other employee and veteran future benefits 2,778 2,410 3,916 3,979 3,707 5,386 4,658 4,181 9,541 7,887
Total pensions and other future benefits 5,423 4,948 6,850 7,271 6,483 8,143 5,215 3,358 8,728 7,205
Other liabilities
Due to Canada Pension Plan 52 (negative 16) 85 (negative 152) 115 (negative 70) 72 72 (negative 177) 71
Other liabilities 632 44 579 (negative 120) 503 (negative 817) (negative 204) 16 (negative 223) 16
Total other liabilities 684 28 664 (negative 272) 618 (negative 887) (negative 132) 88 (negative 400) 87
Non-financial assets
Tangible capital assets (negative 2,139) (negative 2,152) (negative 1,728) (negative 2,614) (negative 1,379) (negative 1,194) (negative 1,701) (negative 1,405) (negative 2,491) (negative 3,838)
Inventories (negative 260) (negative 100) 156 (negative 638) (negative 166) (negative 458) 137 66 29 379
Prepaid expenses and other 392 (negative 608) (negative 300) 46 167 688 53 (negative 2,857) (negative 674) (negative 1,334)
Total non-financial assets (negative 2,007) (negative 2,860) (negative 1,872) (negative 3,206) (negative 1,378) (negative 964) (negative 1,511) (negative 4,196) (negative 3,136) (negative 4,793)
Other transactions
Taxes receivable 590 (negative 6,009) 2,848 (negative 9,563) (negative 7,380) (negative 6,109) (negative 374) (negative 6,010) (negative 7,349) (negative 4,666)
Other accounts receivable 151 (negative 3) (negative 441) (negative 266) (negative 555) (negative 185) 42 1,458 (negative 7,072) (negative 771)
Provincial, Territorial and Aboriginal Tax Agreements Account (negative 1,311) (negative 168) 1,438 241 2,688 (negative 7,130) (negative 1,584) 951 2,780 (negative 1,942)
Amounts payable to taxpayers 7,622 1,835 (negative 2,594) 397 2,304 3,925 (negative 2,277) 3,598 (negative 2,501) 1,380
Other liabilities (negative 2,359) 1,869 7,682 (negative 2,103) 951 (negative 3,054) (negative 3,153) 7,352 3,942 5,228
Total other transactions 4,693 (negative 2,476) 8,933 (negative 11,294) (negative 1,992) (negative 12,553) (negative 7,346) 7,349 (negative 10,200) (negative 771)
Total non-budgetary transactions and non-financial assets 3,018 (negative 74,584) (negative 13,012) (negative 13,369) 9,360 (negative 8,260) 33,510 10,553 (negative 7,284) (negative 6,321)

Table 1.6
Government of Canada
Consolidated Statement of Foreign Exchange, Unmatured Debt and Cash Transactions—detailed

(in millions of dollars)

  Year ended March 31
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Foreign exchange accounts
International reserves held in the Exchange Fund Account 1,769 (negative 8,290) (negative 2,507) (negative 340) (negative 8,100) (negative 1,240) (negative 13,984) (negative 14,596) (negative 9,418) (negative 5,289)
International Monetary Fund—Subscriptions 354 (negative 1,259) 2,188 31 (negative 50) 148 (negative 1,189) (negative 246) (negative 9,041) 278
International Monetary Fund—Loans (negative 337) (negative 802) (negative 186) (negative 132) (negative 208) 312 75 153
Subtotal 2,123 (negative 9,549) (negative 656) (negative 1,111) (negative 8,336) (negative 1,224) (negative 15,381) (negative 14,530) (negative 18,384) (negative 4,858)
Less: International Monetary Fund
Special drawing rights allocations 43 (negative 154) (negative 7,766) 30 (negative 48) 139 (negative 1,118) (negative 231) (negative 493) 150
Notes payable 201 14 2,351 416 202 398 (negative 760) (negative 1,543) (negative 9,370) 250
Subtotal 244 (negative 140) (negative 5,415) 446 154 537 (negative 1,878) (negative 1,774) (negative 9,863) 400
Total foreign exchange accounts 1,879 (negative 9,409) 4,759 (negative 1,557) (negative 8,490) (negative 1,761) (negative 13,503) (negative 12,756) (negative 8,521) (negative 5,258)
Unmatured debt
Payable in Canadian currency
Marketable bonds (negative 3,932) 41,636 72,776 48,118 32,060 20,899 4,280 14,562 16,187 32,212
Treasury bills (negative 17,138) 75,339 (negative 16,426) (negative 12,869) 241 17,468 (negative 27,699) (negative 17,298) 2,408 (negative 1,400)
Retail debt (negative 2,107) (negative 537) (negative 677) (negative 1,714) (negative 1,219) (negative 1,441) (negative 1,154) (negative 667) (negative 584) (negative 543)
Bonds for Canada Pension Plan (negative 700) (negative 519) (negative 71) (negative 425) (negative 16) (negative 11)
Subtotal (negative 23,877) 115,919 55,602 33,110 31,066 36,915 (negative 24,573) (negative 3,403) 18,011 30,269
Payable in foreign currencies (negative 875) 883 (negative 2,138) (negative 615) 3,087 87 5,228 4,237 2,215 (negative 4,873)
Cross-currency swap revaluation (negative 329) 5,110 (negative 7,923) (negative 858) 643 1,029 5,745 4,343 1,722 (negative 627)
Unamortized discounts and premiums on market debt 446 1,462 (negative 341) 607 190 7,526 (negative 47) 1,112 751 275
Obligation related to capital leases 1,140 (negative 51) (negative 94) (negative 405) (negative 52) 13 (negative 44) 107 (negative 233) (negative 251)
Other unmatured debt 190 263 464 262 (negative 174) 565 629
Total unmatured debt (negative 23,495) 123,323 45,106 32,029 35,197 46,034 (negative 13,429) 6,222 23,031 25,422
Cash and cash equivalents at end of year
In Canadian currency 13,733 46,989 28,124 13,902 16,493 27,130 31,415 34,716 36,022 35,353
In foreign currencies (negative 4) (negative 4) 326 421 650 211 14 283 2,548 1,147
Total cash and cash equivalents 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500

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