Other liabilities

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

Canada Pension Plan

The Canada Pension Plan (CPP) is a federal/provincial social insurance program established by an Act of Parliament in 1965. 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, 2017, the fair value of the CPP's assets available for benefit payments is $320,895 million ($283,575 million in 2016).

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 $106 million ($35 million in 2016) corresponds to the balance in the Account and is reported as the Government's liability to the CPP at March 31, 2017.

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 6.29
Due to Canada Pension Plan
(in dollars)

  April 1, 2016 Receipts and other credits Payments and other charges March 31, 2017
Canada Pension Plan balance per audited consolidated financial statements
Assets available for benefit payments 283,574,900,517 81,329,534,055 44,008,969,695 320,895,464,877
Less:
Receivables, net of liabilities 4,599,198,207 4,113,135,189 4,599,198,207 4,113,135,189
Accumulated net income from Canada Pension Plan Investment Board's operations 145,436,000,000 34,362,000,000 923,000,000 178,875,000,000
Subtotal 133,539,702,310 42,854,398,866 38,486,771,488 137,907,329,688
Less: transfers to Canada Pension Plan Investment Board 133,504,973,575 35,219,787,735 39,516,636,261 137,801,822,101
Deposit with the Receiver General for Canada 34,728,735 78,074,186,601 78,003,407,749 105,507,587

Receipts and other credits include:

  1. contributions at the combined employer and employee rates of 9.9 per cent of pensionable earnings for the 2016 and 2017 calendar years, subject to maximum combined contributions of $5,089 and $5,128 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 27th and 28thActuarial 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, 2017, over 28,592 annuitants held 30,400 active contracts, each annuitant receiving an average payment of $667.75. During the year, 55 deferred annuities came into payment, one contract was converted into two contracts and another 13 deferred contracts were adjusted or terminated at or before maturity, due to death, small refunds or unclaimed funds. Therefore, as of March 31, 2017, there were 251 outstanding deferred annuities, the last of which will come into payment around the year 2030.

During the 2016–2017 fiscal year, the number of annuities decreased by 3,012 as a result of annuitant deaths and CRF transfers: 2,014 group certificates and 998 individual contracts. The average age at death for males was 88.70 while the female age at death averaged 91.37.

Table 6.1 shows the actuarial value of the Government Annuities Account estimated using prescribed mortality rates. The balance as at March 31, 2017 was $120.5 million; an excess amount of $638,190 was transferred to the Government's revenues.

However, in the financial statements of the Government Annuities Account, the actuarial value was estimated using experience-adjusted mortality rates. The amount was $114.3 million using this methodology. This amount is $6.2 million lower than what was the liability estimated using the mortality tables prescribed by regulations.

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 6.30
Deposit and Trust Accounts
(in dollars)

  April 1, 2016 Receipts and other credits Payments and other charges March 31, 2017
Deposit accounts
Agriculture and Agri-Food
Department of Agriculture and Agri-Food
Contractor security deposits—Certified cheques 112,426 21,460 90,966
Canadian Dairy Commission
Canadian Dairy Commission Account 41,775,046 41,775,046
Canadian Grain Commission
Producer Payment Protection Claim Account 150,000 150,000
Total 262,426 41,775,046 41,946,506 90,966
Environment and Climate Change
Department of the Environment
Contractor security deposits—Cash and cheques 291,320 227,479 265,550 253,249
Parks Canada Agency
Contractor security deposits—Cash 489,007 1,987,753 1,872,738 604,022
Total 780,327 2,215,232 2,138,288 857,271
Families, Children and Social Development
Department of Employment and Social Development
Canada Labour Code—Other 852,175 399,263 1,179,218 72,220
Canada Labour Code—Wage recovery request for review or appeal 1,710,384 367,650 582,810 1,495,224
Total 2,562,559 766,913 1,762,028 1,567,444
Finance
Department of Finance
Canada Development Investment Corporation
Holdback—Privatization 21,651,436 97,105 21,748,541
Canada Hibernia Holding Corporation
Abandonment Reserve Fund 97,935,129 439,232 98,374,361
Swap collateral deposit 127,532,340 131,671,872 164,732,812 94,471,400
Total 247,118,905 132,208,209 164,732,812 214,594,302
Fisheries, Oceans and the Canadian Coast Guard
Department of Fisheries and Oceans
Contractor security deposits—Cash 294,850 156,725 304,935 146,640
Guarantee deposits—Fish habitat preservation 285,000 264,849 549,849
Total 579,850 421,574 304,935 696,489
Health
Department of Health
Canadian Food Inspection Agency
Contractor security deposits—Cash 73,672 73,672
Indigenous and Northern Affairs
Department of Indian Affairs and Northern Development
Field British Columbia and Yukon Operations of the Northern Canada Power Commission 992,587 992,587
Guarantee deposits 14,791,849 365,265 81,620 15,075,494
Guarantee deposits—Oil and gas 1,213,096 747,291 465,805
Total 16,997,532 365,265 828,911 16,533,886
Justice
Department of Justice
Courts Administration Service
Security for costs 53,978 24,932 58,517 20,393
Registrar of the Supreme Court of Canada
Security for costs 392,153 99 524 391,728
Total 446,131 25,031 59,041 412,121
National Defence
Department of National Defence
Contractor security deposits—Cash 3,498,227 7,762,948 7,377,563 3,883,612
National Revenue
Canada Revenue Agency
Guarantee deposits 190,019,260 44,633,301 29,252,270 205,400,291
Less: securities held in trust 40,000 40,000
Total 189,979,260 44,633,301 29,252,270 205,360,291
Natural Resources
Department of Natural Resources
Contractor security deposits—Cash 38,892 14,700 16,727 36,865
Guarantee deposits—Oil and gas 7,931,593 4,015,060 2,021,750 9,924,903
National Energy Board
Guarantee Deposits 151,306 151,306
Total 7,970,485 4,181,066 2,038,477 10,113,074
Privy Council
Privy Council Office
Office of the Chief Electoral Officer
Candidates' and committees' deposits—Election and referendum 750,000 40,000 637,000 153,000
Public Safety and Emergency Preparedness
Canada Border Services Agency
General security deposits 6,618,716 399,985 7,018,701
Guarantee deposits 11,680,094 951,190 3,891,553 8,739,731
Immigration Guarantee Fund 21,377,540 6,109,000 5,448,135 22,038,405
Temporary deposits received from importers 1,076,583 453,705 445,429 1,084,859
Subtotal 40,752,933 7,913,880 9,785,117 38,881,696
Royal Canadian Mounted Police
Contractor security deposits—Cash 94,295 19,321 74,974
Total 40,847,228 7,913,880 9,804,438 38,956,670
Public Services and Procurement
Department of Public Works and Government Services
Contractor security deposits—Cash 8,433,582 5,012,515 9,243,754 4,202,343
Deposits on disposals 1,157,364 1,595,395 2,536,689 216,070
Seized property—Cash 51,246,422 17,490,873 27,887,943 40,849,352
Total 60,837,368 24,098,783 39,668,386 45,267,765
Transport
Department of Transport
Contractor security deposits—Bonds 52,500 52,500
Less: securities held in trust 52,500 52,500
Contractor security deposits—Cash 296,853 3,868 86,805 213,916
Total 296,853 56,368 139,305 213,916
Total deposit accounts 573,000,823 266,463,616 300,689,960 538,774,479
Trust accounts
Families, Children and Social Development
Department of Employment and Social Development
Indian Residential Schools Settlement Agreement
Common experience payments 82,150,713 371,022 124,696 82,397,039
Indigenous and Northern Affairs
Department of Indian Affairs and Northern Development
Indian band funds
Capital accounts, Table 6.31 528,655,659 53,015,338 116,252,281 465,418,716
Revenue accounts, Table 6.32 181,638,666 59,925,368 61,904,082 179,659,952
Subtotal 710,294,325 112,940,706 178,156,363 645,078,668
Indian estate accounts 25,815,533 7,320,456 6,721,556 26,414,433
Indian savings accounts 30,699,225 4,220,956 5,204,751 29,715,430
Total 766,809,083 124,482,118 190,082,670 701,208,531
Innovation, Science and Economic Development
Department of Industry
Restitutions under the Competition Act 4,293 60 4,353
National Defence
Department of National Defence
Estates—Armed services 774,269 925,073 1,232,998 466,344
Public Safety and Emergency Preparedness
Department of Public Safety and Emergency Preparedness
Canadian Security Intelligence Service
Scholastic awards 26,421 119 26,540
Correctional Service of Canada
Inmates' Trust Fund 18,235,978 41,826,802 41,163,568 18,899,212
Royal Canadian Mounted Police
Benefit Trust Fund 2,159,168 278,000 133,491 2,303,677
Total 20,421,567 42,104,921 41,297,059 21,229,429
Veterans Affairs
Department of Veterans Affairs
Administered accounts 179,332 48,875 33,010 195,197
Estates Fund 263,830 66 249,254 14,642
Veterans Administration and Welfare Trust Fund 1,067,387 277,938 539,541 805,784
Total 1,510,549 326,879 821,805 1,015,623
Total trust accounts 871,670,474 168,210,073 233,559,228 806,321,319
Total deposit and trust accounts 1,444,671,297 434,673,689 534,249,188 1,345,095,798

Contractor security deposits—Certified cheques—Department of 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 of 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—Department of the 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 payment of wages or other amounts prescribed under the Code that a Labour inspector determined to be owed following a complaint or an inspection. Employers can pay the amount owed 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 request for review or appeal

This account was established to record amounts following the issuance of a payment order under section 251.1 of the Canada Labour Code Part III. This account contains amounts that were remitted by an employer or a director who request a review or an appeal of a payment order issued by a Labour Program inspector regarding wages or amounts that are owed to employees. One of the conditions to allow for a review or an appeal is that the employer or director must pay the amounts indicated in the payment order to the Minister of Employment, Workforce Development and Labour for deposit. This amount is held until the revision or the appeal is completed after which it will be remitted to the employee, the employer, the director or both where applicable. The 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 $58 million US is held in this account at year end.

Contractor security deposits—Cash—Department of 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—Department of 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—Department of 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.

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—Department of 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.

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

Contractor security deposits—Cash—Department of 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—Department of 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.

Guarantee Deposits—National Energy Board

Under Bill 46 of the Pipeline Safety Act, the National Energy Board (NEB) requested to set up a specified purpose account to maintain funds or security that the NEB considered necessary for pipeline abandonment costs and expenses. The NEB received a total of $151,306 in guarantee deposits for pipeline abandonment in fiscal year 2016—2017.

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—Cash—Department of 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 the Department of 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—Bonds—Department of 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.

Contractor security deposits—Cash—Department of 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 6.31
Indian band funds — Capital accounts
(in dollars)

  2016–2017 2015–2016
Opening balance 528,655,659 648,634,230
Receipts and other credits
Claim settlements 67,700
Gas royalties 24,964,883 24,063,581
Oil royalties 22,427,692 28,512,130
Sundries 5,622,763 285,752,474
Subtotal 53,015,338 338,395,885
Total 581,670,997 987,030,115
Payments and other charges
Per capita cash distribution 12,101,340 11,667,658
Transfer pursuant to section 64 of the Indian Act 104,150,941 446,208,886
Sundries 497,912
Total 116,252,281 458,374,456
Closing balance 465,418,716 528,655,659

Table 6.32
Indian band funds — Revenue Accounts
(in dollars)

  2016–2017 2015–2016
Opening balance 181,638,666 186,063,434
Receipts and other credits
Court award and settlements 27,977 6,000
Government interest 13,550,920 17,530,785
Land and other claim settlements 150,000 1,182,300
Sundries 46,196,471 46,748,450
Subtotal 59,925,368 65,467,535
Total 241,564,034 251,530,969
Payments and other charges
Per capita cash distribution 18,520 8,040
Transfer pursuant to section 69 of the Indian Act 50,881,925 62,733,228
Sundries 11,003,637 7,151,035
Total 61,904,082 69,892,303
Closing balance 179,659,952 181,638,666

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 payments made to settle the service estates of officers and non-commissioned members who die during their service in the Canadian Armed Forces in accordance with section 42 of the National Defence Act. Under the administration of the Judge Advocate General, in his capacity as Director of Estates, the net assets of a deceased member's service estates are distributed to the legal representative of the member's 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 dependants 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 6.33
Other Specified Purpose Accounts
(in dollars)

  April 1, 2016 Receipts and other credits Payments and other charges March 31, 2017
Insurance and death benefit accounts
Families, Children and Social Development
Department of Employment and Social Development
Civil Service Insurance Fund 2,578,130 201 802,401 1,775,930
National Defence
Department of National Defence
Regular Force Death Benefit Account, Table 6.34 185,451,694 29,416,416 25,368,028 189,500,082
Treasury Board
Treasury Board Secretariat
Public Service Death Benefit Account, Table 6.35 3,526,551,938 270,544,240 170,188,781 3,626,907,397
Veterans Affairs
Department of Veterans Affairs
Returned Soldiers' Insurance Fund 6,318 759 1,052 6,025
Veterans' Insurance Fund 1,551,441 42,398 295,605 1,298,234
Total 1,557,759 43,157 296,657 1,304,259
Total insurance and death benefit accounts 3,716,139,521 300,004,014 196,655,867 3,819,487,668
Pension accounts
Global Affairs
Department of Foreign Affairs, Trade and Development
Contributory Pension Account—Locally engaged staff 112,054 29,979 82,075
Public Safety and Emergency Preparedness
Department of Public Safety and Emergency Preparedness
Royal Canadian Mounted Police
Dependants' Pension Fund 17,672,930 741,324 2,622,280 15,791,974
Total pension accounts 17,784,984 741,324 2,652,259 15,874,049
Other accounts
Agriculture and Agri-Food
Department of Agriculture and Agri-Food
AgriInvest Program 4,858,789 257,150,834 256,580,341 5,429,282
AgriStability Program 49,669,981 39,566,490 41,482,419 47,754,052
Foreign missions to advance Canadian agriculture 50,542 334,595 320,824 64,313
Total 54,579,312 297,051,919 298,383,584 53,247,647
Canadian Heritage
Department of Canadian Heritage
Miscellaneous projects deposits 114,170 708,536 525,105 297,601
Shared-cost/joint project agreements 181,600 181,600
Library and Archives of Canada
Special Operating Account 166,255 39,698 8,331 197,622
Telefilm Canada
Advance Account 57,149,796 19,738,942 15,179,512 61,709,226
Total 57,611,821 20,487,176 15,712,948 62,386,049
Environment and Climate Change
Department of the Environment
Parks Canada Agency
Miscellaneous projects deposits 4,238,600 5,207,554 5,159,863 4,286,291
Families, Children and Social Development
Department of Employment and Social Development
Federal/provincial collaborative agreement 507 101,053,878 101,054,128 257
Federal/provincial shared-cost project 378,746 99,794 49,849 428,691
Federal/provincial/territorial shared-cost project
Interprovincial Computerized Examination
Management System (ICEMS) 4,207,196 1,157,339 3,013,416 2,351,119
Labour Standards Suspense Account 1,570,780 79,103 21,600 1,628,283
Total 6,157,229 102,390,114 104,138,993 4,408,350
Finance
Department of 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
Total 2,861,027 2,861,027
Fisheries, Oceans and the Canadian Coast Guard
Department of Fisheries and Oceans
Federal/provincial cost-sharing agreements 214,302 250,926 355,970 109,258
Miscellaneous projects deposits 20,889,491 9,911,615 9,194,735 21,606,371
Sales of seized assets 1,329,226 827,376 404,249 1,752,353
Total 22,433,019 10,989,917 9,954,954 23,467,982
Global Affairs
Department of Foreign Affairs, Trade and Development
Canada Foundation Account 383,188 7,632 390,820
Less:
Deposits in a special bank account 12,263 5,966 6,297
Securities held in trust 370,925 13,598 384,523
Subtotal 13,598 13,598
Financial assistance to Canadians abroad 195,388 740,031 850,561 84,858
Funds from non-governmental organizations 2,009,635 33,368,639 32,984,874 2,393,400
Shared-cost projects 9,795,915 7,374,250 6,571,873 10,598,292
Shared-cost projects—Support to various programs 3,817,407 1,295,220 4,882,122 230,505
Total 15,818,345 42,791,738 45,303,028 13,307,055
Health
Department of Health
Collaborative research projects 3,112,501 611,476 628,956 3,095,021
Miscellaneous federal/provincial projects 1,572,180 345,580 258,052 1,659,708
World Health Organization 106,133 106,133
Canadian Food Inspection Agency
Shared-cost agreements 1,111,558 662,386 604,286 1,169,658
Public Health Agency of Canada
Collaborative research projects 824,785 422,308 511,638 735,455
Miscellaneous federal/provincial projects 973,197 327 972,870
Total 7,700,354 2,041,750 2,003,259 7,738,845
Immigration, Refugees and Citizenship
Department of Citizenship and Immigration
Immigrant Investor Program 23,363,720 614,624,280 578,788,000 59,200,000
Indigenous and Northern Affairs
Department of 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 43,042,581 15,588,253 13,566,206 45,064,628
Indian special accounts 418,349 6,625 424,974
Non-Indian moneys 268,351 242,879 25,472
Total 43,460,930 15,863,229 13,809,085 45,515,074
Innovation, Science and Economic Development
Department of Industry
Income from securities in trust—Bankruptcy and Insolvency Act 52,031 52,031
Petro-Canada Enterprises Inc.—Unclaimed shares 687,348 481 686,867
Shared-cost projects 1,581,990 571,301 303,939 1,849,352
Unclaimed dividends and undistributed assets
Bankruptcy and Insolvency Act 28,455,893 2,488,893 424,441 30,520,345
Canada Business Corporations Act 7,704,489 3,202,829 2,660,971 8,246,347
Winding-up and Restructuring Act 4,917,272 620 4,916,652
Atlantic Canada Opportunities Agency
Federal/Provincial agreement—Advance account 149,588 480,000 344,131 285,457
Federal Economic Development Agency for Southern Ontario
Canada/Provinces Service Agreement 121,000 82,360 38,640
Statistics Canada
Project deposits 382,196 111,742,550 111,211,578 913,168
Total 43,930,807 118,606,573 115,028,521 47,508,859
Justice
Department of Justice
Courts Administration Service
Special Account 6,991,808 2,216,235 3,615,404 5,592,639
National Defence
Department of National Defence
Foreign governments—United Kingdom
British Army—Suffield, Alberta 1,269,109 1,269,109
Joint research and development projects 3,421,547 515,142 654,771 3,281,918
Non-government agencies 3,000,557 1,530,403 1,929,019 2,601,941
Communications Security Establishment
Foreign partners—Security 997,620 611,478 386,142
Total 8,688,833 2,045,545 3,195,268 7,539,110
National Revenue
Canada Revenue Agency
Deposits/Disbursements—Workers' Compensation Board 601,662 271,674,645 272,229,351 46,956
Natural Resources
Department of Natural Resources
Market development incentive payments—Alberta 1,787,313 231,303 1,556,010
Newfoundland Offshore Revenue Account 421,794,533 421,794,533
Nova Scotia Offshore Revenue Account 12,122,857 12,122,857
Shared-cost agreements—Research 4,647,682 2,111,414 2,148,316 4,610,780
Shared-cost projects 181,535 1,127,043 1,020,765 287,813
Canadian Nuclear Safety Commission
Security equipment purchases 5,783 5,783
Total 6,622,313 437,155,847 437,323,557 6,454,603
Office of the Governor General's Secretary
Cost-sharing collaborate agreement 1,377 98,428 98,178 1,627
Privy Council
Privy Council Office
Shared-cost projects—Media travel expenses 85,991 607,881 554,087 139,785
Public Safety and Emergency Preparedness
Royal Canadian Mounted Police
Joint research and development projects 951,499 22,004 43,178 930,325
Public Services and Procurement
Department of Public Works and Government Services
Military purchases excess funds deposit 169,368,554 33,027,277 136,341,277
Less: securities held in trust 169,368,554 33,027,277 136,341,277
Total 33,027,277 33,027,277
Transport
Department of Transport
Shared-cost agreements—Remediation projects 5,740,000 5,740,000
Veterans Affairs
Department of Veterans Affairs
Shared-cost agreements 661 661
Total 311,839,308 1,976,902,112 1,944,109,196 344,632,224
Less: consolidation adjustmentLink to footnote 1 57,149,796 4,559,430 61,709,226
Total other accounts 254,689,512 1,972,342,682 1,944,109,196 282,922,998
Total other specified purpose accounts 3,988,614,017 2,273,088,020 2,143,417,322 4,118,284,715

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 at March 31, 2017, was 196 and the average age of the policyholders was 92.9 years. During the year, premiums of $201 were received. Death benefits, settlement annuities and premium refunds of $674,628 were paid during 2016–2017.

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 $1,775,930 as at March 31, 2017. The balance in the Account as at March 31, 2017, is $1,903,703. The surplus as at March 31, 2017, is therefore $127,773. Pursuant to subsection 16(3) of the Civil Service Insurance Regulations, an amount of $127,773 has therefore been debited to the Account in 2016–2017.

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 6.34
Regular Force Death Benefit Account
(in dollars)

  2016–2017 2015–2016
Opening balance 185,451,694 187,511,126
Receipts and other credits
Employee contributions 18,001,325 17,680,864
Employer contributions
Government
General 2,594,165 1,928,531
Single premiums payable by the Government in respect of Regular Force participants who became entitled to a basic benefit of $5,000 without contribution 687,229 243,349
Interest 8,133,697 8,670,656
Total receipts and other credits 29,416,416 28,523,400
Subtotal 214,868,110 216,034,526
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 25,368,028 30,582,832
Closing balance 189,500,082 185,451,694

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 6.35
Public Service Death Benefit Account
(in dollars)

  2016–2017 2015–2016
Opening balance 3,526,551,938 3,424,084,798
Receipts and other credits
Employee contributions
Active members
Public service employees 68,818,377 69,915,445
Public service corporations 5,582,054 5,378,959
Retired employees 25,787,083 25,035,477
Employer contributions
Public service corporations 1,469,385 1,427,565
Death benefit—general 11,050,681 10,859,808
Death benefit—single premium for $10,000 2,990,295 2,936,566
Interest 154,846,365 160,841,600
Total receipts and other credits 270,544,240 276,395,420
Subtotal 3,797,096,178 3,700,480,218
Payments and other charges
Benefit payments
General 132,418,038 130,008,537
Life coverage for $10,000 37,580,606 43,610,580
Other death benefit payments 190,137 309,163
Total payments and other charges 170,188,781 173,928,280
Closing balance 3,626,907,397 3,526,551,938

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, 2016, of $759 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, 2016, of $42,398 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.

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 producer's specified purpose accounts are then drawn down as the funds are transferred to a financial institution of the producer's choice.

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 records 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—Department of Canadian Heritage

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

Shared-cost/joint project agreements—Department of 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 of 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 the Department of Employment and Social Development from a province as funding under the provisions of a collaborative agreement with the province.

Federal/provincial shared-cost project—Department of 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 per cent 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—Department of 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—Department of Foreign Affairs, Trade and Development

This account was established to record funds received from organizations outside the Government of Canada reporting 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—Department of Health

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

Miscellaneous federal/provincial projects—Department of 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.

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.

Shared-cost projects—Department of 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.

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.

Canada/Provinces Service Agreement

This account was established to record funds received from provinces under cost-sharing agreement for the Canada Business Ontario Service Centre.

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—Department of 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 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—Department of 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—Department of 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 foreign national police agencies and 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—Department of 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.

During the year, the account was closed.

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

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