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Receiver General for Canada
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Proactive Disclosure
7.2 Object codes - Assets, Liabilities and Other Transactions
Detailed - 2010-2011
In this section you are given a choice of two versions for the list of Object Codes (ECON): a Summary version that gives you the list of codes number and name; and, a Detailed version that, in addition to the code number and name, include the description, the restriction to specific departments and the note(s) that apply to an account.
Departments should review the descriptions to ensure that their departmental codes are aligned to the correct object code and are being used for the intended purpose.
7.2 Object codes - Assets, Liabilities and Other Transactions Summary - 2010-2011
Description:
Certificates of indebtedness, usually interest-bearing, held by the Government of Canada on outside parties for specified periods and authorized by non-budgetary appropriations. The government makes loans to many different types of individuals and organizations.The following objects have been established to identify the major transactions that pertain to loans.
Description:
Loans acquired through the payment of cash to the outside party with whom the loan was made.
Note:
Loans to entities included in object 5013 are excluded.
Description:
Loans acquired through the transfer of other assets to the recipient of the loan. This includes the acquisition of a loan by converting an advance into a loan.
Note: Loans included in object 5013 are excluded.
Description:
Loans acquired through the payment of cash pursuant to an agreement with ADCCs which rely on Government funding as their principal source of revenue.
Description:
Cash received from an outside party to settle an outstanding loan in whole or in part. Such payments are usually made in accordance with a schedule of repayment that is included in the terms of the loan agreement.
Note: Repayments from entities included in object 5018 are excluded.
Description:
The value received in the form of other assets to settle a loan in whole or in part. This includes the settlement of a loan by converting it into an investment.
Note: Repayments from entities included in object 5018 are excluded.
Description:
Cash received from ADCCs, usually in accordance with a repayment schedule pursuant to an agreement.
Description:
The increase or decrease in the value of a loan denominated in a foreign currency as the result of year end closing rates of exchange. Note: In accordance with the government's accounting policies, assets and liabilities resulting from foreign currency transactions are reported at year end closing rates of exchange.
Description:
Loans that have been written off to budgetary expenditures in accordance with a specific appropriation for that purpose.
Notes:
1. This object is to be used to record loans written off including those on which there is a clause of forgiveness. The expenditure offset to the write-off of loans will be coded to expenditure object 3215.
2. This object does not include increases or decreases to the allowance for valuation prior to write-off which are included in object 7021.
Description:
All other transactions that pertain to loans which include:
(i) other acquisitions of loans, i.e. loans acquired for consideration other than cash or other assets.
(ii) other settlements of loans, i.e. loans settled for consideration other than cash or other assets, such as the deletion of loans made to the Unemployment Insurance Account.
Description:
Advances are financial claims held by the Government of Canada on outside parties for unspecified periods.
Advances include departmental accountable advances such as standing travel advances, petty cash and imprest bank account advances. It also includes other travel advances. However, it does not include the reimbursement of the expenses paid through these advances.
Description:
Advances, other than travel advances, acquired through the payment of cash to the outside party with whom the advance was made.
Note:
Advances to entities included in objects 5033 and 5034 are excluded.
Description:
Advances other than travel advances acquired through the transfer of other assets to the party with whom the advance was made. This includes the acquisition of an advance by converting a loan into an advance.
Note:
Advances to entities included in objects 5033 and 5034 are excluded.
Description:
Travel advances acquired or increased through the payment of cash to an employee or other outside party with whom the advance was made.
Description:
Interest free advances to the Consolidated Specified Purpose Accounts included in sub-category 81.
Description:
Advances acquired through the payment of cash pursuant to an agreement with corporations which rely on Government funding as their principal source of revenue.
Description:
Cash received from an outside party to settle an outstanding advance, other than a travel advance, in whole or in part. Such payments may be in accordance with a schedule of repayment included in the terms of the advance agreement.
Note:
Repayments from entities included in objects 5038 and 5039 are excluded.
Description:
The value received in the form of other assets to settle an advance, other than a travel advance, in whole or in part. This includes the settlement of an advance by converting it into a loan or an investment.
Note:
Repayments from entities included in objects 5038 and 5039 are excluded.
Description:
Any repayment of interest-free advances from Consolidated Specified Purpose Accounts.
Description:
Repayment of advances received in cash from ADCC's. Such payments in whole or in part are usually requested on demand or in accordance with a repayment schedule that is included in the terms of the agreement.
Description:
The increase or decrease in the value of an advance denominated in a foreign currency due to year end closing rates of exchange.
Note:
In accordance with the government's accounting policies, assets and liabilities resulting from foreign currency transactions are reported at year end closing rates of exchange.
Description:
Advances that have been written off to budgetary expenditures in accordance with a specific appropriation for that purpose.
Notes:
1. This class is to be used to record advances written off, including those on which there is a clause of forgiveness.
2. Such write-offs do not include the increase or decrease of the allowance for valuation prior to the actual write-off of the advances. Adjustments to the allowance for valuation are included in object 7021.
Description:
All other transactions that pertain to advances, which could include:
(i) other acquisitions of advances, i.e. advances acquired for consideration other than cash or other assets;
(ii) other settlements of advances, i.e. advances settled for consideration other than cash or other assets.
Description:
The ownership interests the Government of Canada acquires in entities by providing equity capital as authorized by non-budgetary appropriations. The government provides equity capital by purchasing shares or by converting loans and advances into equity. In certain cases, it may also acquire equity either by transferring physical assets or by contributing capital.
The following classes have been established to identify the major transactions that pertain to Investments.
Description:
Investments acquired through the payment of cash to the outside party from whom the investment was acquired.
Note:
Investments in entities included in objects 5053 and 5054 are excluded.
Description:
Investments acquired through the capitalization of loans or advances in accordance with a Parliamentary statute.
Note:
Investments in entities included in objects 5053 and 5054 are excluded.
Description:
Investments acquired through the transfer of other assets to the party from whom the investment was acquired.
Note:
Investments to entities included in objects 5053 and 5054 are excluded.
Description:
Any investment made in the Consolidated Specified Purpose Accounts included in sub-category 81.
Description:
Investment in ADCC's acquired through the provision of equity capital as authorized by non-budgetary appropriations to ADCC's.
Description:
Cash received from an outside party in disposing of an investment in whole or in part.
Note:
Disposals of investments included in objects 5057 and 5058 are excluded.
Description:
The value received in the form of other assets when disposing of an investment in whole or in part.
Note:
Disposals of investments included in objects 5057 and 5058 are excluded.
Description:
Proceeds from the disposition or write-off of ADCCs.
Description:
Any repayment of investments by Consolidated Specified Purpose Accounts.
Description:
The increase or decrease in the value of an investment denominated in a foreign currency due to year end closing rates of exchange.
Note:
In accordance with the government's accounting policies, assets and liabilities resulting from foreign currency transactions are reported at year end closing rates of exchange.
Description:
Investments that have been written off to budgetary expenditures in accordance with a specific appropriation for that purpose.
Note:
Such write-offs do not include the increase or decrease of the allowance for valuation prior to the write-off of the investments. Adjustments to the allowance for valuation are included in object 7021.
Description:
All other transactions that pertain to investments which include:
(i) other acquisitions of investments, i.e. investments acquired for consideration other than cash or other assets;
(ii) other settlements of investments, i.e. investments settled for consideration other than cash or other assets.
Description:
Acquisition of investments in securities of the federal, provincial and territorial governments through the payment of cash.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Any transfer from the Canada Pension Plan Account for investment purposes.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
The disposal of investments in securities for cash.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Any other transactions to the investments of the Canada Pension Plan Investment Fund not included in objects 5070 to 5075.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
The accounts recording financial claims and obligations of the Government of Canada which are identified with Canada's foreign exchange operations. The four foreign exchange accounts include:
(a) Exchange Fund Account-Advances
(b) International Monetary Fund-Subscriptions
(c) International Monetary Fund-Notes payable, and
(d) Special Drawing Rights.
Notes:
1. Each of these foreign exchange accounts is defined and their operations explained in sections 4200 to 4240 of the Guide to the Audited Financial Statements of the Government of Canada.
2. Although foreign exchange operations involve both financial claims and obligations, they are included as a separate standard object to facilitate their identification, coding and reporting.
3. The responsibility for all four accounts presently belongs to the Department of Finance. Therefore transactions should not be coded to these objects by other departments.
Description:
The following objects identify the major transactions in the three foreign exchange accounts which relate to the International Monetary Fund and Special Drawing Rights.
Description:
Subscriptions in cash to the International Monetary Fund (IMF).
Note:
Such advances can be made in Canadian or foreign currencies.
Department(s) Specific:
- 006 - Finance
Description:
Subscriptions to the IMF purchased with either SDRs or notes payable to the IMF.
Department(s) Specific:
- 006 - Finance
Description:
Cash repayments of subscriptions by the International Monetary Fund.
Department(s) Specific:
- 006 - Finance
Description:
Repayment of subscriptions by the IMF through either redeeming of notes payable to the IMF or disposing of SDRs.
Department(s) Specific:
- 006 - Finance
Description:
Increase in allocation of SDRs to Canada to:
(a) settle either the advances made to the Exchange Fund Account, or
(b) pay part of Canada's subscription in the International Monetary Fund (IMF).
Note:
The SDR is an international currency created by the IMF, and allocated to countries participating in its Special Drawing Account. Its operation is explained in Section 4240 of the Guide to the Audited Financial Statements of the Government of Canada.
Department(s) Specific:
- 006 - Finance
Description:
Issue of non-interest-bearing demand notes payable in Canadian currency to the IMF to cover its Canadian dollar holdings requirements in excess of working balance requirements.
Department(s) Specific:
- 006 - Finance
Description:
Decrease in allocation of SDRs to Canada.
Note:
Such a decrease could result from:
(a) cancellation of SDRs in whole or in part,
(b) termination of Canada's participation in the Special Drawing Account, or
(c) liquidation of the SDRs account by the International Monetary Fund (IMF).
Department(s) Specific:
- 006 - Finance
Description:
Redemption of notes due to a decrease in the IMF requirements for Canadian currency.
Department(s) Specific:
- 006 - Finance
Description:
Adjustments of the International Monetary Fund (IMF)-Subscriptions account to maintain the value of the IMF Canadian dollar holdings in terms of Special Drawing Rights (SDR). Such adjustments can be increases or decreases depending on the exchange rate fluctuations of the Canadian dollar in relation to SDR's.
Note:
Canada's IMF subscriptions are denominated in SDR's.
Department(s) Specific:
- 006 - Finance
Description:
Valuation adjustments to Canada's subscriptions in excess of the International Monetary Fund's (IMF) holdings of Canadian dollars to Canadian dollar equivalents at the year-end closing rate of exchange.
Note:
Year-end valuation adjustments are made to the following accounts: the Exchange Fund Account-Advances, IMF-Subscriptions, and Special Drawing Rights (SDR).
Department(s) Specific:
- 006 - Finance
Description:
Any other adjustments to foreign exchange accounts, such as the write-off of claims, acquisition or settlement of claims with other assets.
Department(s) Specific:
- 006 - Finance
Description:
Advances in cash to the Exchange Fund Account in Canadian or other currencies for the purchase of gold, foreign currencies and securities, and Special Drawing Rights.
Department(s) Specific:
- 006 - Finance
Description:
Cash repayments of advances from the Exchange Fund Account.
Department(s) Specific:
- 006 - Finance
Description:
Valuation adjustment made at year-end to the balance of the Exchange Fund Accounts' holdings to Canadian dollar equivalent at the year-end closing rate of exchange.
Department(s) Specific:
- 006 - Finance
Description:
Any other adjustments to the Exchange Fund Account-Advances.
Department(s) Specific:
- 006 - Finance
Description:
Cash accounts represent public moneys of Canada, and include both Receiver General Cash Balances and Cash in Transit
Description:
Accounts receivable are financial claims on parties inside or outside the government as a result of events and transactions prior to the accounting date.
1. This category is to be used only by departments for recording accounts receivable transactions through their own accounting system.
2. For consolidation recording purposes at year-end, accounts receivable should be recorded in object 850 of sub-category 85 by the Receiver General.
Description:
The recorded value of the financial obligations of the Government of Canada in its role as administrator of certain public moneys that are received or collected and subsequently paid out for purposes specified in legislation or in other legal contracts.
1. For the purpose of this classification some specified purpose accounts have been included under reporting objects that differ from the equivalent groupings reported in the Public Accounts. These are explained under the reporting objects concerned.
2. Certain SPAs are now included in Standard Object 81 because they are now consolidated as budgetary transactions in the Summary Financial Statements.
Description:
The financial obligations of the Government of Canada in its role as administrator of these accounts on behalf of the contributors and beneficiaries to each plan.
Notes:
1. Pension and Social Security Accounts include the Canada Pension Plan, Superannuation Accounts, Government Annuities Account and certain other accounts.Superannuation accounts include the following accounts:
Public Service Superannuation, Canadian Forces Superannuation, Royal Canadian Mounted Police (R.C.M.P.)Superannuation, Members of Parliament Retiring Allowance.
All other superannuation accounts for employees of the Government or their dependants the Public Service, Regular Forces and any other Death Benefit accounts.
(Some of these accounts are included under Other Specified Purpose accounts in the Public Accounts.)
2. In this classification, transactions in the Canada Pension Plan Investment Fund are included separately in object 507.
3. Transactions pertaining to the unamortized portion of actuarial deficiencies are included in object 703.
The following objects are to be used to identify the major transactions pertaining to Pension and Social Security Accounts:
Description:
Contributions received from active members or participants currently employed in the Public Service
Description:
Contributions received from current employees of public service corporations subject to the Public Service Superannuation Act
Description:
Contributions received from current members or participants employed in the Public Service for past service or arrears
Description:
Contributions received from current employees of public service corporations subject to the Public Service Superannuation Act for past service or arrears
Description:
Contributions received from retired employees for past service or arrears
Description:
Contributions from the Government of Canada as an employer as well as the government's statutory contributions to benefit payments from the Supplementary Retirement Benefits Account, for current services.
Notes:
1. The budgetary expenditures related to the government's contribution as an employer are included in objects 0160, 0161, 0162, 0164, 0168 and 0170 to 0173.
2. The budgetary expenditures related to the government's statutory contribution to the SRB account are included in object 0166.
Description:
Contributions received from public service corporations subject to the Public Service Superannuation Act for the employers portion related to employee current services
Department(s) Specific:
- 087 - Public Service Superannuation
Description:
Government's general employer contribution to the Death Benefit Account
Description:
Government's single employer contribution paid to the Death Benefit Account in respect of participants who became eligible to the basic benefit.
Description:
Actuarial deficiency adjustments related to current salary increases or statutory periodic actuarial valuations which are credited to the Public Service, Canadian Forces, RCMP and other Superannuation accounts, and to the Government Annuities account.
Note:
These adjustments are charged to object 7031.
Description:
Receipts by a Superannuation account on behalf of an employee transferring from another superannuation account or from an outside employer.
Description:
Tax recovered from the Canada Revenue Agency based on the annual net negative cashflow of a pension account.
Description:
Any income received from loans and investments(other than interest credited to the balance of these accounts and charged to interest on the Public Debt). Also includes the interest received from provincial governments or the Government of Canada on their investments in the Canada Pension Plan Investment Fund.
Note:
The budgetary expenditures related to interest credited to these accounts are included in objects 3103, 3111 and 3113 under standard object 11 for interest received from the Government of Canada.
Description:
Any interest credited to the balance of these accounts and charged to interest on Public Debt (other than interest received on investments issued by the Government of Canada.)
Description:
Any other receipts not classified above, such as recoveries of payments by the Canada Pension Plan.
Description:
The payment of benefits by the government from any of these accounts, such as payments for Superannuation, Canada Pension, Government Annuities, Death Benefits, etc.
Description:
Payment of minimum benefits to employees or participants
Description:
Any payment made pursuant to pension division.
Description:
Contributions returned to Public Service employees including any applicable interest from the Superannuation Accounts
Description:
Contributions returned to employees of public service corporations subject to the Public Service Superannuation Act, including any applicable interest from the Superannuation Accounts
Department(s) Specific:
- 087 - Public Service Superannuation
Description:
Any interest payments made to the Government of Canada for loans made to a specified purpose account.
Description:
Payments from a Superannuation account on behalf of an employee transferring to another superannuation plan or to an outside employer.
Description:
Amount of refundable tax remitted to the Canada Revenue Agency based on the annual net positive cashflow of a pension account.
Description:
All operating expenses of the Canada Pension Plan (CPP) Account.
Note:
Such expenses are initially incurred by various departments on behalf of the CPP account. Subsequently, those departments charge the CPP account with the pertinent operating or administrative costs. These amounts are credited to object 4883.
Description:
Any transfer to the Canada Pension Plan Investment Fund for investment purposes.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Any other payments not classified above. It includes the write-off of unclaimed annuities.
Description:
The income taxes collected on behalf of the provinces and territories participating in the joint-collection provision of the Federal-Provincial Fiscal Arrangements Act and the related payments made to them.
Description:
The estimated corporate income tax collections that belong to the provinces or territories.
Note:
Such amounts are transferred monthly from tax revenue to this account.
Department(s) Specific:
- 006 - Finance
Description:
Instalment payments of corporate income tax made during a taxation year to the provinces and territories.
Department(s) Specific:
- 006 - Finance
Description:
Receipts from the provinces and territories for overpayments of corporate or individual taxes.
Note:
If the instalment payments made to a province for a taxation year exceed the actual amounts assessed, the overpayments are recovered from the province.
Department(s) Specific:
- 006 - Finance
Description:
Any other adjustments to the account, such as the payment of any deficiencies in the actual amounts owed to a province or territory at the end of a taxation year.
Department(s) Specific:
- 006 - Finance
Description:
Deposits effected for Crown corporations in accordance with Section 129 of the FAA or other specific legislation.
Description:
Note:
This reporting object excludes Deposit Funds for Crown corporations. Those funds should be included in reporting object 607.
Description:
Moneys received from third parties by the Government of Canada for specified purposes.
Description:
Amounts received as interest from the Government of Canada on the credit balances in the accounts.
Note:
The budgetary expenditures related to these amounts are charged to object 3114.
Description:
Transfers received from budgetary appropriations for the purposes specified by legislation.
Note:
An example of such an appropriation is the government contribution to the Canadian Dairy Commission account.
Description:
Securities received from third parties as deposit held in trust by the Government of Canada in accordance with the terms and conditions of a contract or agreement.
Description:
Payment of refunds to depositors.
Description:
Payments made in accordance with the purposes specified in the pertinent authorities or agreements.
Description:
Return of securities held in trust to third parties on completion of the specified terms in a contract or agreement.
Description:
Any other adjustments to the accounts not specified above.
Description:
Insurance plans for employees and former employees, pension plans and other liabilities not specified elsewhere.
Note:
Miscellaneous accounts included for purposes of this classification are not identical to those included in the Public Accounts under Other Specified Purpose Accounts. The following accounts are included: Annuities Agents' Pension, Civil Service Insurance Fund, Locally-engaged Contributory Pension, Retirement Fund, Returned Soldiers' Insurance Fund and Veterans' Insurance Fund
Description:
The financial obligations represented by certificates of indebtedness issued by the Government of Canada that have not yet matured.
Note:
These obligations are defined and their operations explained in sections 5300 to 5320 of the Guide to the Audited Financial Statements of the Government of Canada.
Description:
Certificates of indebtedness in Canadian or foreign currencies that have not become due.
Note:
Transactions for certificates of indebtedness that have matured are included in reporting object 622.
Description:
Gross proceeds from the sale of certificates of indebtedness such as marketable bonds, Canada Savings Bonds, special non-marketable bonds, Treasury bills, and the issue of notes or loans.
Note:
The issue amount is the full issue price of the securities. Discounts on Treasury bills are charged to unamortized discounts (reporting object 704), while discounts (net of premiums) on other securities are charged to object 3131 at the time of issue.
Department(s) Specific:
- 006 - Finance
Description:
Payments made for redemption prior to maturity of certificates of indebtedness, such as marketable bonds, special non-marketable bonds, Canada Savings Bonds and Treasury bills. It also includes the repayment of notes or loans.
Department(s) Specific:
- 006 - Finance
Description:
Amounts owing to holders of marketable bonds, Canada Savings Bonds, special non-marketable bonds, Treasury bills, etc., transferred from unmatured debt when the debt matures.
Note:
Such amounts are transferred to matured debt (reporting object 622) until they are redeemed.
Department(s) Specific:
- 006 - Finance
Department(s) Specific:
- 006 - Finance
Department(s) Specific:
- 006 - Finance
Description:
Increases or decreases due to adjustments not covered in other classes such as foreign exchange adjustments and transfers to Other Revenue.
Department(s) Specific:
- 006 - Finance
Description:
Transactions relating to other financial obligations of the Government of Canada such as matured debts, accounts payable, etc.
Note:
The accounts related to these transactions are defined and their operations explained in sections 5200 to 5240 of the Guide to the Audited Financial Statements.
Description:
Interest due or accrued on bonded debt, notes and loans including compound interest on Canada Savings Bonds. Such interest is not normally payable until a future date (unless the debt is redeemed early).
Description:
Accrual on a monthly basis of interest over the term of the bonded debt, notes, loans, etc. It includes the accrual of compound interest on Canada Savings Bonds.
Note:
Such amounts are charged to various objects in Standard Object 11 (sub-category 31).
Department(s) Specific:
- 006 - Finance
Description:
Accrual on the due date of interest on bonds, notes or loans. Such interest is not paid until the pertinent coupons are presented for payment.
Department(s) Specific:
- 006 - Finance
Description:
Payments of interest due on bonds, notes and loans to claimants. It also includes adjustments.
Department(s) Specific:
- 006 - Finance
Description:
Certificates of indebtedness that have become due but that have not yet been redeemed.
Description:
Retirement at the time of maturity of the principal value of bonds, special non-marketable bonds, Treasury bills, etc.
Note:
These amounts are transferred from unmatured debt (reporting object 611).
Department(s) Specific:
- 006 - Finance
Description:
Redemption by the holders of matured bonds, Treasury bills, and notes and loans. It also includes adjustments.
Department(s) Specific:
- 006 - Finance
Description:
Write-off of matured debt if it is still unredeemed 15 years after maturity.
Note:
This amount is transferred to budgetary revenue.
Department(s) Specific:
- 006 - Finance
Department(s) Specific:
- 006 - Finance
Description:
Other Accounts/Transactions represent transactions in accounts that are neither financial claims nor financial obligations.
Note:
Many of these accounts reflect deferred credits or deferred charges that have been set up in the accounts of Canada in accordance with specific legislative or other requirements. For reporting purposes in the Public Accounts, some have been offset against specific financial claims or obligations.
Description:
The allowances represents the estimated loss on the realization of financial claims, or the allowances for estimated amounts owing for certain financial obligations. Each of the objects represents the net increase or decrease made to the individual allowance to represent the net change between one fiscal year end and the next.
Description:
The net increase or decrease in the estimated losses on the realization of loans, investments and advances included in the accounts of Canada at year end.
Description:
The net increase or decrease in the allowance for amounts to be paid from certain statutory authorities such as subsidies under the Railway Act, payments under the Canada Assistance Program, etc.
Description:
The net increase or decrease in the allowance for amounts owing for earned and unpaid annual vacation leave and for employee benefits payable upon termination of employment.
Description:
The increase or decrease in any other allowance not included in objects 7021 to 7023.
Description:
The portion of actuarial deficiencies, credited to Superannuation Accounts, that has not yet been charged to budgetary expenditure, because they are to be amortized to expenditures over one or more subsequent years.
Note:
An actuarial deficiency is the difference, at a given date, between the balance in the Superannuation accounts and the estimated amount payable for future pension benefits, as calculated on an actuarial basis.
Description:
The recording of actuarial deficiencies to the Superannuation accounts in a specific year.
Description:
The monthly or other amortization of actuarial deficiencies to budgetary expenditure over one or more subsequent years.
Description:
The portion of the discount on outstanding Treasury bills that has not yet been charged to expenditure.
Description:
The recording of the discount on new Treasury bills at the time they are issued or sold. It also includes adjustments.
Department(s) Specific:
- 006 - Finance
Description:
The monthly amortization to budgetary expenditures of unamortized discounts over the terms of the relevant Treasury bills. It also includes adjustments.
Department(s) Specific:
- 006 - Finance
Description:
Notes:
1. In accordance with the government's stated accounting policies, revenue and expenditures of certain Specified Purpose Accounts (SPAs) and Crown Corporations are included in the revenue and expenditure of the Government. However, enabling legislation requires that the revenue of SPAs be earmarked and that related payments be charged against such revenue.
2. Descriptions for the Consolidated Specified Purpose Accounts, the Consolidated Deposit and Trust Accounts, and the Consolidated Appropriation-dependent Crown Corporations are included in sub-categories 81, 82, 83, and 84. Descriptions for the Consolidated Accounts Receivable and the accrual of Related Other Revenue are included in sub-category 85.
Description:
The net sum of annual surpluses and deficits of the Government of Canada since Confederation, together with certain other amounts charged directly to this account. These amounts are unrestricted as there is no need to account for the source of these amounts from previous years.
Description:
Increase in the accumulated deficit
Description:
Decrease in the accumulated deficit.
Description:
The year end closing by departments of all their cash reconciliation control accounts which are maintained to reconcile to the treasury system maintained by the Receiver General. Prior to closing, these accounts must agree to similar offsetting accounts maintained by the Receiver General. These accounts are closed to the accounting for Equity advanced by the Government of Canada.
Description:
The year-end entries required to close out all revenue and expense accounts. These accounts are closed out to the accounts representing the equity advanced by the Government of Canada.
Description:
This standard object has been established because the transactions in these accounts are now consolidated as budgetary transactions in the Summary Financial Statements. Transactions in these accounts have been restricted as there are legislative requirements to keep them separate in the Accounts of Canada, so that amounts for previous years can be related to those in the current year.
Notes:
1. Consolidation specified purpose accounts are defined and their operations explained in T.B. Circular 1989-13 dated August 2, 1989.
2. For consolidation reporting purposes, most of these amounts are included in other standard objects, as noted in Section 8.2.3.4 of the Master List of Objects.
Description:
The excess of expenditure over revenue in each account.
Description:
The excess of revenue over expenditure in each account.
Description:
Other adjustments to revenue or expenditure, surplus or deficit of an account.
Description:
This account includes the transactions resulting from the administration of the Employment Insurance Act.
Note:
In this classification, transactions pertaining to loans or advances to the Employment Insurance Account are included under loans or advances (objects 501x or 503x respectively).
The following objects are to be used to identify the transactions pertaining to the Employment Insurance Account.
Description:
Premiums from all employees, employers and or other participants.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Contributions from the Government of Canada as an employer.
Note:
The departmental budgetary expenditures related to these contributions are included in object 0169.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Interest received on the balance of the Employment Insurance Account.
Note:
The Department of Finance budgetary expenditures related to this interest are charged to object 3112.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Receipt of interest-bearing loans from the government to cover the deficit in the Employment Insurance Account.
Note:
Such loans or advances are made in accordance with Section 137 of the Employment Insurance Act, when required.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Any other receipts not classified in objects 8110 to 8115, such as fines, penalties and interest, refunds of overpayment of benefits, benefit repayments, amounts for services rendered to the public, etc.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Payment of benefits from the Employment Insurance Account.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Any refunds of contributions to employers and employees.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Payment of interest on loans or advances made to the Employment Insurance Account by the Government of Canada.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Payment of all operating expenses of the Employment Insurance Account.
Note:
The receipt of these payments is credited to object 4880.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Repayment of interest-bearing loans to the government.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
Any other payments or adjustments not classified above.
Department(s) Specific:
- 014 - Human Resources and Skills Development Canada
Description:
This account includes recorded transactions with participating provinces for the costs they incur in operating various crop insurance schemes.
Description:
Amounts received from the provinces for the purpose of reinsurance.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Interest-free advances received from the Government of Canada.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Any other receipts not classified above.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Amounts paid to the provinces under the terms of reinsurance agreements.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
The repayment of interest-free advances to the government of Canada.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Any other payments not classified in objects 8153 or 8154.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Receipts from participating provinces and producers in the Agricultural Commodities Stabilization Accounts for hogs, cattle, apples, sugar beets, etc. These receipts are for premiums to reduce income losses to producers.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Amounts received as interest from the Government of Canada on the credit balances in the accounts.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Contributions by the government to the Agricultural Commodities Stabilization Accounts for hogs, cattle, apples, sugar beets, etc.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Any other receipts not included in objects 8161, 8162, 8164 and 8165.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Payments to participating producers from the Agricultural Commodities Stabilization Accounts for hogs, cattle, apples, sugar beets, etc.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
Any other payments not included in objects 8163, 8167, 8168.
Department(s) Specific:
- 001 - Agriculture and Agri-Food
Description:
GST Refundable Advance accounts have been established in each department or agency as non-budgetary accounts to which a department can charge the GST on its purchases from external parties. Such accounts are authorized as part of the Supply and Services working capital advance account under Supply and Services Vote L 15 b in Appropriation Act No. 3, 1990. By the authority of a standing GST tax remission order, such amount will be offset at year-end against the GST general revenue collected by the Canada Revenue Agency.
Note:
For summary reporting purposes during a fiscal year, these amounts are netted against GST general revenue.
Description:
Payment of the GST by departments and Agencies on their taxable purchases from external parties.
Description:
Seized Property Proceeds Account (SPPA) was set up under the Seized Property Management Act (SPMA) in 1993. The account is set up to account for net proceeds from the disposition of property that is seized or subject to a restraint or management order, and then is forfeited and subsequently disposed. The proceeds from this account may be shared with provincial or other national governments in accordance with the terms of regulations or in agreements with those governments.
Description:
Proceeds received from forfeited assets which had been held in a trust account from the time the assets are seized. Such assets are not forfeited until there is a court decision. Proceeds from fines are received when assets were not seized previously.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Receipt of advances from the government in accordance with Section 15 of the SPMA.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Re-imbursement of operating expenses paid from the SPPA to the operating appropriation of Public Works and Government Services Canada. Other expenses include any payments made to the Seized Property Working Capital account for re-imbursement of losses incurred in maintaining assets seized under the SPMA.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Re-payment of advances received from the government.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Payment of claims against the Crown resulting from undertakings of the Attorney General. Other expenses will include the establishment of reserves for both ongoing expenses for future losses as well as for future claims resulting from undertakings. These payments must be established before any annual distribution is made from the SPPA.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Payments for distribution of proceeds in the SPPA to provincial and foreign governments as prescribed in the regulations.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Transfer of net proceeds from the SPPA to other revenue after all expenses, other claims, reserves, and distributions to other governments have been made. This will be done on an annual basis, but may be done in a subsequent fiscal year once all settlements have been made.
Department(s) Specific:
- 127 - Public Works and Government Services
Description:
Donations made to Parks and Historic Sites.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts collected from the sale of lands included in Parks.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts provided to Parks and Historic Sites from the Government.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts advanced to Parks and Historic Sites.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Miscellaneous receipts of funds by Parks and Historic Sites from the provision of services.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts paid to outside parties for goods and services.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts disbursed to cover goods and services provided by the Government.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts contributed to outside parties for the provision of services to Parks and Historic Sites.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Amounts reimbursed to the Government pertaining to loans, investments and advances previously recorded in object 8193.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
All other payments made by Parks and Historic Sites.
Department(s) Specific:
- 124 - Parks Canada Agency
Description:
Receipts for a specified purpose, included in the gifts, donations or bequests accounts.
Description:
Payments in accordance with the purpose specified from the gifts, donations and bequests accounts.
Description:
These accounts are used to account for and control the funds received and disbursed pursuant to the administration of insurance plans and programs which are not for employees or former employees of the government.
Description:
Premiums, fees or levies received from outside parties and credited to insurance accounts.
Description:
Direct transfers from budgetary appropriations of the government such as direct contributions, interest, etc.
Description:
Payments from insurance accounts such as claims and other expenditures as authorized by legislation.
Description:
A fee or other levy is imposed by statute and earmarked by that statute for a special purpose.
Description:
Receipts of fees or levies for the purpose specified in the relevant statute.
Description:
Direct transfers from budgetary appropriations of the government such as interest, etc.
Description:
Payments from the account in accordance with the purpose specified in a statute.
Description:
Receipts in any other restricted account.
Description:
Any other payments in a restricted account.
Description:
Notes:
1. For consolidation reporting purposes, most of these objects are included in other standard objects as noted in Section 8.2.3.4 of the Master List of Objects.
2. The recording of transactions in these objects is to be done by the Receiver General only using department 097. Thus, it will have no impact on departments or agencies, or Appropriation-Dependent Crown Corporations (ADCC's).
3. The ADCC's are identified in the Public Accounts of Canada, Section 4. Consolidated-accounts.
Description:
Prior year carry-forward deficit / surplus of consolidated corporations.
Department(s) Specific:
- 097 - Receiver General
Description:
Current year consolidation deficit/surplus impact of ADCCs.
Department(s) Specific:
- 097 - Receiver General
Description:
Current year consolidation surplus/deficit impact of Enterprise Crown Corporation
Department(s) Specific:
- 097 - Receiver General
Description:
Adjustments for retroactive changes in accounting policies and other adjustments related to the consolidation of Appropriation-Dependent Crown corporations (ADCC's).
Department(s) Specific:
- 097 - Receiver General
Description:
Net change in the Appropriation Dependant Crown Corporations (ADCCs) consolidation employee benefits and vacation accruals.
Department(s) Specific:
- 097 - Receiver General
Description:
Includes expenses net of budgetary appropriations and other revenue for the Appropriation-Dependant Crown Corporations reporting to the Minister of Defence. (DCL)
Department(s) Specific:
- 097 - Receiver General
Description:
Includes expenses net of budgetary appropriations and other revenue of other Appropriation Dependant Crown Corporations.
Department(s) Specific:
- 097 - Receiver General
Description:
Net change in the consolidated cash and cash equivalents known as cash in transit.
Department(s) Specific:
- 097 - Receiver General
Description:
Net change in the Appropriation Dependant Crown Corporations (ADCCs) consolidated accounts receivable and other receivables from outside parties.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Net change in the consolidated ADCC loan, investments and advances with outside parties.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Net change in the consolidated ADCC's liabilities due to outside parties.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Net change in the consolidated borrowings of ADCC's with outside parties.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
ADCC's
Note:
These objects are only to be used by the Receiver General in department 097.
Description:
The return on investment generated from Appropriation Dependant Crown Corporations.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The other revenue generated from transactions with Appropriation Dependant Crown Corporation's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The expenses of National Defence's related Appropriation Dependant Crown Corporation's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The expenses of other Appropriation Dependent Crown Corporation's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Note:
These amounts have been separated so that they can be reversed and eliminated on the Statement of Assets and Liabilities.
Description:
The net change in borrowings of Appropriation Dependent Crown Corporations (ADCC's) included in the borrowings of Agent Crown Corporations.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The amounts of Government securities held by ADCC's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The Government's accounts payable due to ADCC's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Other amounts in the CRF due to ADCC's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Note:
These amounts have been separated so that they can be reversed and eliminated on the Statement of Assets and Liabilities.
Description:
The loans, investments or advances held by the Government with ADCC's.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The reversal of the allowance for valuation of assets and liabilities related to Appropriation Dependant Crown Corporation's now being consolidated.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Note:
These amounts are based on manual input received from departments at year-end.
Description:
Increase related to the accrual of departmental accounts receivable at year-end from a party outside the Government of Canada accounting entity.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
Decrease related to the accrual of departmental accounts receivable at year-end.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The accrual of departmental revenue credited to the vote at year-end.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The accrual of other departmental revenue at year-end.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The accrual of departmental revenue at year-end which is included in return from investments.
Note(s):
- 2 This object should only have an "E" indicator in the line of coding.
Department(s) Specific:
- 097 - Receiver General
Description:
The "DDD" in the object code must be replaced by the number that represents the partnering department involved in the Interdepartmental Settlement (IS) transaction. The list of departments numbers can be found in chapter 3 of the Government-wide Chart of Accounts.
Note(s):
- 1 This object should only have an "I" indicator in the line of coding.
