Section 3: Revenues, expenses and accumulated deficit for the year ended March 31

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Revenues, expenses and accumulated deficit

Table 3.1
Revenues, expenses and accumulated deficit
(in millions of dollars)
  2021 2020
Revenues
Tax revenues, Table 3.2 283,928 280,992
Employment insurance premiums 22,392 22,219
Proceeds from the pollution pricing framework 4,380 2,655
Other revenues, Table 3.4 5,746 28,265
Total revenues 316,446 334,131
Expenses
Transfer payments 489,433 243,276
Other expenses, excluding net actuarial losses 119,089 95,191
Total program expenses, excluding net actuarial losses 608,522 338,467
Public debt charges, Table 3.8 20,358 24,447
Total expenses, excluding net actuarial losses, Table 3.6 628,880 362,914
Annual deficit before net actuarial losses (negative 312,434) (negative 28,783)
Net actuarial losses (negative 15,295) (negative 10,609)
Annual deficit (negative 327,729) (negative 39,392)
Accumulated deficit at beginning of year (negative 721,360) (negative 685,450)
Other comprehensive income 343 3,482
Accumulated deficit at end of year (negative 1,048,746) (negative 721,360)

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