Other liabilities

Public Accounts of Canada 2012 Volume I - Top of the page Navigation

• Pensions and other future benefits
  (this page is wider than normal)
• Table of Contents
• Supplementary statements
  (this page is wider than normal)

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 (the Plan) is a compulsory and contributory social insurance program which is designed to provide a measure of protection to Canadian workers and their families against loss of earnings due to retirement, disability or death. Established in 1965, the Plan operates in all parts of Canada, except the Province of Quebec which has a comparable plan.

Under existing arrangements, all pensions, benefits and expenditures incurred in the administration of the Plan are financed from contributions made by employees, employers and self-employed persons, and from investment returns.

As administrator, the Government's authority to spend is limited to the Plan's net assets. At March 31, the fair value of the Plan's net assets is $166.0 billion ($151.6 billion in 2011).

The Canada Pension Plan Account (the Account) was established in the accounts of Canada to record the contributions, interest, pensions and benefits and administration expenditures of the Plan. It also records the amounts transferred to or received from the Canada Pension Plan Investment Board (the Board). The Board operates at arm's length from the Government and invests in a diversified portfolio of securities.

Amendments to the Canada Pension Plan Act and the Canada Pension Plan Investment Board Act that became effective April 1, 2004 provide for weekly transfers to the Board of any amounts held in the Account that exceed the immediate obligation of the Plan. It also allows interest to be either credited to or charged to the Account based on its closing position.

Table 6.29 presents a reconciliation between the net assets shown in the Plan's financial statements and the Account, as well as a summary of the balances and transactions in the Account which result in the deposit with the Receiver General for Canada.

Table Summary

The table presents a reconciliation between the net assets shown in the Canada Pension Plan's financial statements and the Account, as well as a summary of the transactions and balances in the Account which result in the deposit with the Receiver General for Canada. It consists of 5 columns: a listing of relevant transactions; the opening balance for the accounts as at April 1, 2011; Receipts and other credits; Payments and other charges; the closing balance for the accounts as at March 31, 2012. The series of lines presents the net assets minus receivables net of liabilities, the accumulated net income and the balance. Another line presents an additional subtraction of the transfers and a final line presents the balance for deposit.

TABLE 6.29
DUE TO CANADA PENSION PLAN

	April 1/2011 ($)	Receipts and other credits ($)	Payments and other charges ($)	March 31/2012 ($)
Canada Pension Plan balance per audited financial statements—
Net assets per audited financial statements	151,601,808,189	48,422,579,308	34,028,408,475	165,995,979,022
Less: Receivables, net of liabilities	3,381,988,212	4,222,272,058	3,381,988,212	4,222,272,058
Accumulated net income from Canada Pension Plan Investment Board's operations	39,791,000,000	9,496,000,000		49,287,000,000
Total	108,428,819,977	34,704,307,250	30,646,420,263	112,486,706,964
Less: transfers to Canada Pension Plan Investment Board	108,405,603,637	28,341,443,325	32,284,837,849	112,348,998,161
Deposit with the Receiver General for Canada	23,216,340	63,045,750,575	62,931,258,112	137,708,803

Receipts and other credits include:

1. contributions at the combined employer and employee rates of 9.9 percent of pensionable earnings for the 2011 and 2012 calendar years, subject to maximum combined contributions of $4,435 and $4,613 respectively;
2. income from the average daily operating balance deposited with the Receiver General for Canada;
3. gains on investments held by the Board; and,
4. payments received on overpayments established.

Payments and other charges include:

1. pensions and benefits paid under the Plan as retirement 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 Plan, in accordance with an agreement with a province providing a comprehensive pension plan;
3. payments that are required to be charged to the Plan, in accordance with reciprocal agreements with other countries;
4. costs of administration of the Plan;
5. funds transferred to the Board; and,
6. losses on investments held by the Board.

For additional information, the financial statements of the Plan are included with other Supplementary Statements at the end of this section. Additional information on the funding of the Plan may also be obtained from the 25th Actuarial Report on the Canada Pension Plan prepared by the Chief Actuary of the Office of the Superintendent of Financial Institutions.

Government Annuities Account

This account was established by the Government Annuities Act, and modified by the Government Annuities Improvement Act, which discontinued sales of annuities in 1975. The account is valued on an actuarial basis each year, with the deficit or surplus charged or credited to the Government annual surplus/deficit.

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 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, 2012, over 44,424 annuitants held 47,623 active contracts, each annuitant receiving an average payment of $661.00. During the year, 123 deferred annuities came into payment and another 43 deferred contracts were terminated at or before maturity, due to death, small refunds or unclaimed funds. Therefore, as of March 31, 2012, there were 762 outstanding deferred annuities, the last of which will come into payment around the year 2030.

During the 2011-2012 fiscal year, 4,041 annuities were terminated or adjusted as a result of annuitant deaths: 2,630 group certificates and 1,411 individual contracts. The average age at death for males was 86.5 while the female age at death averaged 89.9.

Total income amounted to $14.6 million, $14.2 million of which represented interest of 7 percent credited to the Account. Premiums received totaled $11,635. Total disbursements of $33.1 million originated mainly from the $32.8 million in payments made under matured annuities. An amount of $68,963 was used to refund premiums at death before maturity or when the annuity would have been too small, and $62,652 was transferred to the Government's revenues as a result of unclaimed annuities.

The opening balance of $221.3 million was reduced due to charges exceeding income by $18.6 million during 2011-2012. Since the actuarial reserves required as of March 31, 2012 were only $201.6 million, an excess amount of $1.2 million was transferred to the Government's revenues.

Deposit and Trust Accounts

Deposit and trust accounts is 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 securities, these are deducted from the corresponding accounts to show the Government's net liability. Certain accounts earn interest which is charged to interest on the public debt.

Table 6.30 presents a summary of the balances and transactions in deposit and trust accounts.

Table Summary

The table presents a summary of the transactions and balances in deposit and trust accounts. It consists of 5 columns: a listing of related transactions by ministry; the opening balance for the accounts as at April 1, 2011; Receipts and other credits; Payments and other charges; the closing balance for the accounts as at March 31, 2012. The first series of lines presents transactions related to deposit accounts by ministry and the balance. Another line presents the balance for deposit accounts. The second series of lines presents transactions related to trust accounts by ministry and the balance. Another line presents the total for the trust accounts. A final line presents the total for deposit and trust accounts.

TABLE 6.30
DEPOSIT AND TRUST ACCOUNTS

	April 1/2011 ($)	Receipts and other credits ($)	Payments and other charges ($)	March 31/2012 ($)
Deposit accounts—
Agriculture and Agri-Food—
Contractors' security deposits—Certified cheques	53,146	23,600	48,146	28,600
Canadian Dairy Commission—
Canadian Dairy Commission account	166,336	22,884,520	8,185,044	14,865,812
Canadian Food Inspection Agency—
Contractors' security deposits—Cash	1,783	71,889		73,672
Total	221,265	22,980,009	8,233,190	14,968,084
Canada Revenue Agency—
Guarantee deposits	107,892,117	52,172,144	31,372,509	128,691,752
Less: securities held in trust	250,000	110,000		140,000
Total	107,642,117	52,282,144	31,372,509	128,551,752
Finance—
Canada Development Investment Corporation—
Holdback—Privatization	39,624,474	303,580	14,000,000	25,928,054
Canada Hibernia Holding Corporation—
Abandonment reserve fund	94,316,477	771,845		95,088,322
Swap collateral deposit	400,153,920	1,629,917,220	1,005,129,085	1,024,942,055
Total	534,094,871	1,630,992,645	1,019,129,085	1,145,958,431
Fisheries ans Oceans—
Guarantee deposits—Fish Habitat Preservation	5,000			5,000
Human Resources and Skills Development—
Canada Labour Code—Other	102,290	549,288	553,765	97,813
Canada Labour Code—Wage recovery appeals	1,699,408	973,710	289,995	2,383,123
Fair wages deposit account	587			587
Total	1,802,285	1,522,998	843,760	2,481,523
Indian Affairs and Northern Development—
Field British Columbia and Yukon Operations of the Northern Canada Power Commission	992,587			992,587
Guarantee deposits	355,134,977	236,337,637	29,424,307	562,048,307
Less: securities held in trust	341,250,144	26,483,391	232,876,643	547,643,396
Total	13,884,833	262,821,028	262,300,950	14,404,911
Guarantee deposits—Oil and gas	518,307,598	139,324,430	46,808,702	610,823,326
Less: securities held in trust	515,678,748	42,228,701	136,494,916	609,944,963
Total	2,628,850	181,553,131	183,303,618	878,363
Guarantee deposits—Reserve resources	766,953			766,953
Special accounts—Section 63, Indian Act	87,631			87,631
Less: deposits in special bank accounts	87,631			87,631
Total	18,273,223	444,374,159	445,604,568	17,042,814
Justice—
Courts Administration Service—
Security for costs	50,090	39,041	25,000	64,131
Supreme Court of Canada—
Security for costs	389,866	1,666	1,012	390,520
Total	439,956	40,707	26,012	454,651
Natural Resources—
Guarantee deposits—Oil and gas	245,052,862	272,726,623	4,562,119	513,217,366
Less: securities held in trust	240,636,218	61,945,538	329,944,165	508,634,845
Total	4,416,644	334,672,161	334,506,284	4,582,521
Privy Council—
Chief Electoral Officer—
Candidates' and committees' deposits— Election and referendum	97,000	1,600,000	1,568,000	129,000
Public Safety and Emergency Preparedness—
Canada Border Services Agency—
Guarantee deposits	9,124,581	4,372,712	1,623,878	11,873,415
Less: securities held in trust	137,300		24,000	113,300
Total	8,987,281	4,372,712	1,599,878	11,760,115
General security deposits	5,199,945	271,872		5,471,817
Immigration guarantee fund	25,404,526	7,269,271	7,893,834	24,779,963
Temporary deposits received from importers	77,469	1,581,639	680,549	978,559
Total	39,669,221	13,495,494	10,174,261	42,990,454
Royal Canadian Mounted Police—
Contractors' security deposits—Cash	184,439	295,064	119,900	359,603
Total	39,853,660	13,790,558	10,294,161	43,350,057
Public Works and Government Services—
Contractors' security deposits—Cash	4,127,083	5,258,924	4,516,182	4,869,825
Deposits on disposals	830,329	8,101,990	7,862,977	1,069,342
Seized property—Cash	70,458,683	36,359,409	28,460,657	78,357,435
Total	75,416,095	49,720,323	40,839,816	84,296,602
Other departments and agencies—
Contractors' security deposits—
Bonds	2,688,241			2,688,241
Less: securities held in trust	2,688,241			2,688,241
Cash	3,454,017	15,418,216	14,519,338	4,352,895
Total deposit accounts	785,716,133	2,567,393,920	1,906,936,723	1,446,173,330
Trust accounts—
Human Resources and Skills Development—
Indian Residential Schools Settlement Agreement— Common Experience Payments	354,175,538	2,822,069	19,832,327	337,165,280
Indian Affairs and Northern Development—
Indian band funds—
Capital accounts, Table 6.31	847,174,241	196,841,920	395,660,030	648,356,131
Revenue accounts, Table 6.32	244,753,616	75,791,146	86,797,882	233,746,880
Total	1,091,927,857	272,633,066	482,457,912	882,103,011
Indian estate accounts	18,227,074	7,865,692	6,964,588	19,128,178
Indian savings accounts	37,893,348	2,514,291	3,657,571	36,750,068
Other trust account		1,098,644		1,098,644
Total	1,148,048,279	284,111,693	493,080,071	939,079,901
Industry—
Restitutions under the Competition Act	1,952			1,952
National Defence—
Estates—Armed services	344,960	1,167,703	1,228,511	284,152
Public Safety and Emergency Preparedness—
Canadian Security Intelligence Service— Scholastic awards	26,910	221		27,131
Correctional Service of Canada— Inmates' trust fund	17,340,217	44,394,118	44,114,297	17,620,038
Royal Canadian Mounted Police— Benefit trust fund	2,257,932	78,592	175,972	2,160,552
Total	19,625,059	44,472,931	44,290,269	19,807,721
Veterans Affairs—
Administered accounts	348,855	58,166	262,081	144,940
Estates fund	1,353,713	16,868	840,944	529,637
Veterans administration and welfare trust fund	1,619,774	159,558	163,842	1,615,490
Total	3,322,342	234,592	1,266,867	2,290,067
Total trust accounts	1,525,518,130	332,808,988	559,698,045	1,298,629,073
Total deposit and trust accounts	2,311,234,263	2,900,202,908	2,466,634,768	2,744,802,403

Contractors' security deposits—Certified cheques—Agriculture and Agri-Food

This account was established to record contractors' securities that are required for the satisfactory performance of work in accordance with the 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.

Contractors' security deposits—Cash—Canadian Food Inspection Agency

This account was established to record contractors' securities that are required for the satisfactory performance of work in accordance with the 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 (GST) 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 Agency are made up of cash deposited to the Consolidated Revenue Fund.

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.

Included in this account is $410 million CAD and $615 million US.

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.

Canada Labour Code—Other

This account was established to record amounts received under the provisions of section 251 of the Canada Labour Code Part III. The receipts are wage payments ordered by a Labour inspector in settlement of a wages dispute, which the employer has chosen to pay to the Minister of Labour instead of paying them directly to the employee. These amounts are then paid out to the employees.

Canada Labour Code—Wage recovery appeals

This account was established to record amounts received under the provisions of section 251.1 of the Canada Labour Code Part III. This requires federally-regulated employers who wish to appeal a payment order made by a Labour inspector regarding wages due to employees, to forward the amounts due to the Minister of Labour for deposit. They are held until the appeal is completed and the adjudicator has directed payment of the disputed amount to the employee or return to the employer. Deposits in this account are interest-bearing at the rate set by the Minister of Finance for contractor's deposits.

Fair wages deposit account

This account is operated under the authority of section 13 of the Fair Wages and Hours of Labour Regulations. Where an investigation in respect of a contract on Government works results in an award of wages, the amount received from the contractor is credited to this account, and is subsequently distributed to employees.

The account also records amounts received from departments and agencies, representing wages in respect of contracts, withheld from final payment to contractors.

Field British Columbia and Yukon Operations of the Northern Canada Power Commission

This account was established to record amounts deposited by the Northern Canada Power Commission to reimburse liabilities pertaining to Field, British Columbia and Yukon Operations of the Northern Canada Power Commission.

Guarantee deposits—Indian Affairs and Northern Development

This account was established to record cash and securities deposited as guarantees for performance as required by permits, leases, authorizations and water licences, pursuant to section 8 of the Arctic Waters Pollution Prevention Act and of the Northwest Territories Waters Act and various regulations under the Territorial Lands Act. Interest is not allowed on cash deposits.

Guarantee deposits—Oil and gas—Indian Affairs and Northern Development

This account was established to record securities in the form of cash, promissory notes, letters of credit or other acceptable instruments which are required to be issued to, and held by the Government of Canada pursuant to an Exploration Licence 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.

Guarantee deposits—Reserve resources

This account was established to record cash and bond security deposits with respect to Indian reserve licences and contracts for the development of resources, in accordance with the various regulations made under section 57 of the Indian Act. Interest is allowed on cash deposits.

Special accounts—Section 63, Indian Act

This account was established to record funds held for Indians in authorized banks across Canada. These funds include such items as deposits and payments on leases held for individual Indians, and those to be split between individual Indians and Indian bands. This is a non-interest bearing account.

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—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.

Guarantee deposits—Oil and gas—Natural Resources

This account was established to record securities in the form of cash, promissory notes, and bonds which are required to be issued to, and held by the Government of Canada pursuant to an Exploration Licence in accordance with section 24 of the Canada Petroleum Resources Act. These securities are a performance guarantee that the agreed exploration will be performed in the manner and time frame specified. Interest is not paid on these deposits.

Candidates' and committees' deposits—Election and referendum

This account was established to record candidates' election and committees' referendum deposits received in respect of an election (general or by-election) or a referendum.

Pursuant to the Canada Election Act or the Referendum Act, amounts received are either refunded to candidates or committees, or are transferred to non-tax revenues.

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.

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.

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.

Contractors' security deposits—Cash—Royal Canadian Mounted Police

This account was established to record contractors' securities that are required for the satisfactory performance of work in accordance with the Government Contracts Regulations.

Contractors' security deposits—Cash—Public Works and Government Services

This account was established to record contractors' securities that are required for the satisfactory performance of work in accordance with the Government Contracts Regulations.

Deposits on disposals

This account was established in accordance with the terms and conditions of the Real Property Disposition Revolving Fund to record receipts on disposals of properties.

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.

Contractors' security deposits—Other departments and agencies

This account was established to record contractors' securities that are required for the satisfactory performance of work in accordance with the 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 to eligible former students of recognized Indian Residential Schools. The account is credited with interest pursuant to section 21(2) of the Financial Administration Act. The Designated Amount Fund is co-administered by Indian Affairs and Northern Development and Human Resources and Skills Development.

Indian band funds

This account was established to record funds belonging to Indian bands throughout Canada pursuant to sections 61 to 69 of the Indian Act.

Table Summary

The table presents a 2-year comparative of the transactions and balance of capital accounts for funds belonging to Indian bands throughout Canada. It consists of 3 columns: a listing of transactions classified by type; 2011-2012; 2010-2011. The first series of lines presents the opening balance for the account followed by the different transactions related to Receipts and other credits, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different transactions related to Payments and other debits, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

TABLE 6.31
INDIAN BAND FUNDS—CAPITAL ACCOUNTS

	2011-2012 ($)	2010-2011 ($)
Opening balance	847,174,241	784,067,490
RECEIPTS AND OTHER CREDITS—
Oil royalties	133,640,485	95,504,770
Gas royalties	42,045,646	42,861,027
Sundries	21,155,789	57,524,370
Total	196,841,920	195,890,167
Total	1,044,016,161	979,957,657
PAYMENTS AND OTHER CHARGES—
Per capita cash distribution	22,826,654	20,831,200
Transfer pursuant to section 64 of the Indian Act	372,044,131	111,952,216
Sundries	789,245
Total	395,660,030	132,783,416
Closing balance	648,356,131	847,174,241

Table Summary

The table presents a 2-year comparative of the transactions and balance of revenue accounts for funds belonging to Indian bands throughout Canada. It consists of 3 columns: a listing of transactions classified by type; 2011-2012; 2010-2011. The first series of lines presents the opening balance for the account followed by the different transactions related to Receipts and other credits, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different transactions related to Payments and other debits, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

TABLE 6.32
INDIAN BAND FUNDS—REVENUE ACCOUNTS

	2011-2012 ($)	2010-2011 ($)
Opening balance	244,753,616	242,084,170
RECEIPTS AND OTHER CREDITS—
Government interest	27,938,832	37,960,230
Land and other claim settlements	6,565,980	1,025,000
Sundries	41,286,334	40,336,930
Total	75,791,146	79,322,160
Total	320,544,762	321,406,330
PAYMENTS AND OTHER CHARGES—
Per capita cash distribution	1,455,634	1,629,800
Transfer pursuant to section 69 of the Indian Act	76,615,788	71,500,539
Sundries	8,726,460	3,522,375
Total	86,797,882	76,652,714
Closing balance	233,746,880	244,753,616

Indian estate accounts

These accounts were established to record funds received and disbursed for estates of deceased Indians, mentally incompetent Indians and missing Indians pursuant to sections 42 to 51 and 52.3 of the Indian Act.

Indian savings accounts

These accounts were established to record funds received and disbursed for individual Indians pursuant to sections 52 and 52.1 to 52.5 of the Indian Act.

Other trust account

This account was established pursuant to the Claim 138 Settlement Agreement to deposit Manitoba Hydro's instalments due to Canada, as per the 1988 Infrastructure Agreement and article 6.2 of the 1977 Northern Flood Agreement, for the portion applicable to the First Nation. The money received by Manitoba Hydro will be kept in this account until the conclusion of the Claim 138 Settlement Agreement.

Restitutions under the Competition Act

This account was established to facilitate judgements rendered under section 52 of the Competition Act, and account for funds received in trust for restitution and for subsequent payment.

Estates—Armed services

This account was established to record the service estates pursuant to section 42 of the National Defence Act of officers and non-commissioned members who die during their service in the Canadian Forces. Under the administration of the Judge Advocate General, in his capacity as Director of Estates, net assets of estates are distributed to the lawful representative of the personal estate.

Scholastic awards

This account was established to record donations of $26,000 to be used for the presentation of scholarship awards to children of employees of the Canadian Security Intelligence Service to encourage university studies.

Inmates' trust fund

Pursuant to section 111 of the Corrections and Conditional Release Regulations, this account is credited with moneys received from inmates at the time of incarceration, net earnings of inmates from employment inside institutions, moneys received for inmates while in custody, moneys received from sales of hobbycraft, money earned through work while on day parole, and interest. Payments to assist in the reformation and rehabilitation of inmates are charged to this account.

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.

Administered accounts

Pursuant to section 41 of the Pension Act, section 15 of the War Veterans Allowance Act, section 55 of the Veterans Treatment Regulations and section 8 of the Guardianship of Veterans Property Regulations, these accounts are under the jurisdiction of the Department of Veterans Affairs. Funds held in these accounts include: (a) pensions, war veterans allowances and treatment allowances placed under the administration of the Department of Veterans Affairs; and, (b) benefits from other sources such as Old Age Security, Guaranteed Income Supplement or Canada Pension Plan, placed under administration with the consent of the client. These persons have demonstrated their inability to manage their own affairs.

Payments are made out of the accounts, to provide food, shelter, clothing, comforts and other necessities.

Estates fund

This account was established to record the proceeds from the estates of those veterans who died while receiving hospital treatment or institutional care, and for those veterans whose funds had been administered by the Government, in accordance with sections 5, 6 and 7 of the Veterans' Estates Regulations. Individual accounts are maintained and payments are made to beneficiaries pursuant to the appropriate legislative authority.

Veterans administration and welfare trust fund

This account was established to record donations, legacies, gifts, bequests, etc, received, to be disbursed for the benefit of veterans or their dependents under certain conditions, and for the benefit of patients in institutions, in accordance with section 9 of the Guardianship of Veterans' Property Regulations.

Other Specified Purpose Accounts

There are a number of other specified purpose accounts operated by the Government, such as insurance, death benefit and pension accounts. Certain accounts earn interest which is charged to interest on the public debt.

Table 6.33 presents a summary of the balances and transactions for all other specified purpose accounts.

Table Summary

The table presents a summary of the transactions and balances for all specified purpose accounts. It consists of 5 columns: a listing of related transactions by specified purpose account; the opening balance for the accounts as at April 1, 2011; Receipts and other credits; Payments and other charges; the closing balance for the accounts as at March 31, 2012. The first series of lines presents transactions and balances by ministry related to insurance and death benefit accounts. Another line presents the total for the accounts. The second series of lines presents transactions and balances by ministry related to pension accounts. Another line presents the total for the accounts. The third series of lines presents transactions and balances by ministry related to other accounts. Another line presents the total for the accounts. A final series of lines presents the total for other accounts minus consolidation adjustments, the total other accounts, and the total for other specified purpose accounts.

TABLE 6.33
OTHER SPECIFIED PURPOSE ACCOUNTS

	April 1/2011 ($)	Receipts and other credits ($)	Payments and other charges ($)	March 31/2012 ($)
Insurance and death benefit accounts—
Human Resources and Skills Development—
Civil service insurance fund	5,271,084	594	221,504	5,050,174
National Defence—
Regular Force Death Benefit Account, Table 6.34	191,894,345	30,239,556	31,830,803	190,303,098
Treasury Board—
Public Service Death Benefit Account, Table 6.35	2,960,956,312	283,917,724	164,082,537	3,080,791,499
Veterans Affairs—
Returned soldiers' insurance fund	12,256		4,990	7,266
Veterans insurance fund	3,599,572	17,432	478,739	3,138,265
Total	3,611,828	17,432	483,729	3,145,531
Total insurance and death benefit accounts	3,161,733,569	314,175,306	196,618,573	3,279,290,302
Pension accounts—
Foreign Affairs and International Trade—
Locally engaged contributory pension account		228,658		228,658
Human Resources and Skills Development—
Annuities agents' pension account	208	1,027	814	421
Public Safety and Emergency Preparedness—
Royal Canadian Mounted Police—
Dependants' pension fund	26,090,424	1,468,268	3,389,183	24,169,509
Total pension accounts	26,090,632	1,697,953	3,389,997	24,398,588
Other accounts—
Agriculture and Agri-Food—
AgriInvest Program	241,675,529	359,593,632	544,553,120	56,716,041
AgriStability Program	53,073,036	63,475,295	57,702,604	58,845,727
Canadian Food Inspection Agency—
Shared-cost agreements	1,811,628	756,554	1,036,261	1,531,921
Total	296,560,193	423,825,481	603,291,985	117,093,689
Atlantic Canada Opportunities Agency—
Federal/provincial agreement—Advance account	360,239	450,000	314,101	496,138
Canada Revenue Agency—
Deposits/Disbursements—Worker's Compensation Board	61,738	246,683,722	245,765,056	980,404
Canadian Heritage—
Miscellaneous projects deposits	119,618	28,620		148,238
Library and Archives of Canada—
Special Operating Account	293,114	282,191	260,922	314,383
Telefilm Canada—
Advance account	37,238,535	139,103,956	135,254,141	41,088,350
Total	37,651,267	139,414,767	135,515,063	41,550,971
Citizenship and Immigration—
Immigrant investor program	65,600,000	937,892,093	811,972,000	191,520,093
Environment—
Parks Canada Agency—
Miscellaneous projects deposits	3,134,631	894,157	3,155,030	873,758
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 and Oceans—
Federal/provincial cost-sharing agreements	680,139	399,505	816,196	263,448
Miscellaneous projects deposits	28,304,078	32,252,692	17,648,256	42,908,514
Sales of seized assets	691,436	653,000	402,287	942,149
Total	29,675,653	33,305,197	18,866,739	44,114,111
Foreign Affairs and International Trade—
Canada Foundation account	358,522		26,029	332,493
Less: securities held in trust	351,370	34,752		316,618
deposits in a special bank account	7,152		8,723	15,875
Total		34,752	34,752
Financial assistance to Canadians abroad	117,048	1,023,695	972,643	168,100
Funds from non-governmental organizations	1,332,345	8,726,739	6,771,603	3,287,481
Shared-cost agreements	1,099		1,099
Shared-cost projects	11,565,918	7,133,436	8,446,012	10,253,342
Canadian International Development Agency—
Shared-cost projects—Support to various programs	1,852	602,189	65,300	538,741
Total	13,018,262	17,520,811	16,291,409	14,247,664
Health—
Collaborative research projects	2,978,380	945,336	827,772	3,095,944
Miscellaneous federal/provincial projects	1,179,504	611,445	28,625	1,762,324
World Health Organization	104,515	17,264	17,226	104,553
Public Health Agency of Canada—
Collaborative research projects	1,283,555	240,452	331,173	1,192,834
Miscellaneous federal/provincial projects	986,197			986,197
Total	6,532,151	1,814,497	1,204,796	7,141,852
Human Resources and Skills Development—
Canada Millennium Scholarship Foundation Excellence Awards	7,260,772		4,089,467	3,171,305
Federal/provincial collaborative agreement	1,441	41,990,788	41,844,209	148,020
Federal/provincial shared-cost project	393,593	145,927	32,619	506,901
Federal/provincial shared-cost project—
Interprovincial Computerized Examination Management System (ICEMS)	2,267,987	1,069,367	828,281	2,509,073
Labour standards suspense account	1,510,751	1,231	648	1,511,334
Provincial funding for collaborative arrangement—Labour Market Development Agreement (LMDA)-British Columbia	4,776,969	190,925,069	189,083,507	6,618,531
Provincial funding for collaborative arrangement—Labour Market Development Agreement (LMDA)-Newfoundland and Labrador	8,362,228	116,000,000	115,504,203	8,858,025
Provincial funding for collaborative arrangement—Labour Market Development Agreement (LMDA)-Nova Scotia	5,022,642	42,000,000	42,829,476	4,193,166
Provincial funding for collaborative arrangement—Labour Market Development Agreement (LMDA)-Ontario	1,269		382	887
Provincial funding for collaborative arrangement—Labour Market Development Agreement (LMDA)-Yukon Territory	570,816	2,258,365	2,386,748	442,433
Canadian Centre for Occupational Health and Safety—
Shared-cost agreements	42,500			42,500
Total	30,210,968	394,390,747	396,599,540	28,002,175
Indian Affairs and Northern Development—
Indian special accounts	391,720	3,233		394,953
Indian band funds—
Shares and certificates	20,000			20,000
Less: securities held in trust	20,000			20,000
Indian compensation funds	222,340			222,340
Indian moneys suspense account	48,575,348	42,280,863	34,086,174	56,770,037
Non-Indian moneys	1,485,948	38,813,838	38,672,333	1,627,453
Total	50,675,356	81,097,934	72,758,507	59,014,783
Industry—
Canada/Provinces Business Service Centre	26,822	400,000	255,162	171,660
Income from securities in trust—Bankruptcy and Insolvency Act	52,031			52,031
Petro-Canada Enterprises Inc—Unclaimed shares	689,150			689,150
Securities in trust—Bankruptcy and Insolvency Act	31,266			31,266
Less: securities held in trust	31,266			31,266
Shared-cost/joint project agreements—Research	169,036	90,000	164,929	94,107
Shared-cost projects	1,068,094	519,677	676,984	910,787
Unclaimed dividends and undistributed assets—
Bankruptcy and Insolvency Act	21,839,688	2,456,542	1,065,037	23,231,193
Canada Business Corporations Act	8,984,900	320,226	98,699	9,206,427
Winding-up and Restructuring Act	1,907,518			1,907,518
Canadian Space Agency—
Radarsat	97,461			97,461
Statistics Canada—
Project deposits	4,215,131	115,302,543	116,317,674	3,200,000
Total	39,049,831	119,088,988	118,578,485	39,560,334
Justice—
Courts Administration Service—
Special account	5,899,152	4,846,398	4,280,213	6,465,337
National Defence—
Foreign governments—
United Kingdom—
British Army—Suffield, Alberta	658,194	14,766,163	8,585,590	6,838,767
Security	3,098,070		3,098,070
Communications Security Establishment—
Foreign Partners—
Security		2,611,933	358,442	2,253,491
Total	3,756,264	17,378,096	12,042,102	9,092,258
Joint research and development projects	4,776,490		2,253,191	2,523,299
Non-government agencies	3,546,358	284,638		3,830,996
Total	12,079,112	17,662,734	14,295,293	15,446,553
Natural Resources—
Market development incentive payments—Alberta	4,651,588		66,478	4,585,110
Newfoundland Offshore Revenue Account		856,904,441	856,904,441
Nova Scotia Offshore Revenue Account		149,111,148	149,111,148
Shared-cost agreements—Research	4,398,710	1,538,290	1,504,396	4,432,604
Shared-cost projects	2,247,665	4,988,385	2,711,941	4,524,109
Canadian Nuclear Safety Commission—
Security equipment purchases	225,982	108,633	307,230	27,385
Total	11,523,945	1,012,650,897	1,010,605,634	13,569,208
Privy Council—
Shared-cost projects—Media travel expenses	772,988	864,391	1,473,917	163,462
Public Safety and Emergency Preparedness—
Royal Canadian Mounted Police—
Joint research and development projects	1,178,059	216,519		1,394,578
Seized assets—Canadian funds	650,222			650,222
Total	1,828,281	216,519		2,044,800
Public Works and Government Services—
Credit card—Special project fund	924,992			924,992
Francophone Summits	11,681	61,635	53,694	19,622
Military purchases excess funds deposit	201,377,504	4,515,370		205,892,874
Less: securities held in trust	201,377,504		4,515,370	205,892,874
Total		4,515,370	4,515,370
Total	936,673	4,577,005	4,569,064	944,614
Veterans Affairs—
Shared-cost agreements	19,344	103,236	107,718	14,862
Total	608,450,811	3,437,299,574	3,459,644,550	586,105,835
Less: consolidation adjustment1	37,238,535		3,849,815	41,088,350
Total other accounts	571,212,276	3,437,299,574	3,463,494,365	545,017,485
Total other specified purpose accounts	3,759,036,477	3,753,172,833	3,663,502,935	3,848,706,375

Civil service insurance fund

This account was established by the Civil Service Insurance Act, introduced to enable the Minister of Finance to contract with a person appointed to a permanent position in any branch of the public service, for the payment of certain death benefits. No new contracts have been entered into since 1954, when the Supplementary Death Benefit Plan for the Public Service and Canadian Forces was introduced as part of the Public Service Superannuation Act and the Canadian Forces Superannuation Act, respectively.

The number of policies in force as of March 31, 2012 was 881 and the average age of the policyholders was 90.9 years. During the year, premiums of $595 were received. Death benefits, settlement annuities and premium refunds of $208,997 were paid during 2011-2012.

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 $5,050,174 as at March 31, 2012. The balance in the Account as at March 31, 2012 is $5,062,681. The surplus as at March 31, 2012 is therefore $12,507. Pursuant to subsection 16(3) of the Civil Service Insurance Regulations, an amount of $12,507 has therefore been debited to the Account in 2011-2012.

Regular Force Death Benefit Account

This account was established by the Canadian Forces Superannuation Act to provide life insurance to contributing members and former members of the Canadian 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 benefit payable for which a single premium has been paid by the Government.

Table Summary

The table presents a 2-year comparative of all transactions and balances with respect to the Regular force death benefit account. It consists of 3 columns: a listing of transactions classified by object and type; 2011-2012; 2010-2011. The first series of lines presents the opening balance for the account followed by the different classification objects related to Receipts and other credit type transactions, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different classification objects related to Payments and other debit type transactions, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

TABLE 6.34
REGULAR FORCE DEATH BENEFIT ACCOUNT

	2011-2012 ($)	2010-2011 ($)
Opening balance	191,894,345	192,112,934
RECEIPTS AND OTHER CREDITS—
Contributions by personnel	16,553,156	16,545,919
Government's contribution	2,022,716	1,977,320
Single premiums payable by the Government in respect of regular force participants who became entitled to a basic benefit of $5,000 without contribution	528,448	461,229
Interest	11,135,236	12,103,422
Total	30,239,556	31,087,890
Total	222,133,901	223,200,824
PAYMENTS AND OTHER CHARGES—
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	31,830,803	31,306,479
Closing balance	190,303,098	191,894,345

Public Service Death Benefit Account

This account was established under the Public Service Superannuation Act to provide life insurance to contributing members of the Public Service.

The account is credited with: (a) contributions by employees; (b) contributions by the Government and Public Service corporations; and, (c) interest. Payments and other charges represent: (a) benefits paid in respect of participants who, at the time of death, were employed in the Public Service, or were in receipt of an annuity under Part I of the Public Service Superannuation Act; and, (b) benefits of $10,000 paid in respect of participants who, at the time of death, were employed in the Public Service, or were in receipt of an annuity under Part I of the Public Service Superannuation Act, and on whose behalf a single premium for $10,000 death benefit coverage for life has been made.

Table Summary

The table presents a 2-year comparative of all transactions and balances with respect to the Public service death benefit account. It consists of 3 columns: a listing of transactions classified by object and type; 2011-2012; 2010-2011. The first series of lines presents the opening balance for the account followed by the different classification objects related to Receipts and other credit type transactions, a line for the sub-total of the transactions and a line for the total, which includes the opening balance. The second series of lines presents the different classification objects related to Payments and other debit type transactions, another presents the sub-total of the transactions, and a final line presents the closing balance for the account.

TABLE 6.35
PUBLIC SERVICE DEATH BENEFIT ACCOUNT

	2011-2012 ($)	2010-2011 ($)
Opening balance	2,960,956,312	2,828,860,022
RECEIPTS AND OTHER CREDITS—
Contributions—
Employees—
Government and Public Service corporations	95,086,508	92,653,997
Government—
General	10,304,111	9,951,785
Single premium for $10,000	2,288,074	1,954,998
Public Service corporations	1,215,734	1,153,071
Interest	175,023,297	181,929,477
Total	283,917,724	287,643,328
Total	3,244,874,036	3,116,503,350
PAYMENTS AND OTHER CHARGES—
Benefit payments—
General	123,575,276	119,283,549
Life coverage for $10,000	40,433,206	36,154,611
Other death benefit payments	74,055	108,878
Total	164,082,537	155,547,038
Closing balance	3,080,791,499	2,960,956,312

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, 2011 of $2,768 was charged to the account during the year and was credited to revenues. 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, 2011 of $17,137 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.

Locally engaged contributory pension account

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.

Annuities agents' pension account

This account was established by Vote 181, Appropriation Act No. 1, 1961, to provide pension benefits to former eligible Government employees who were engaged in selling Government annuities to the public.

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 contributing members of the Royal Canadian Mounted Police. The fund is credited with a 5 percent contribution from the pay of members of the Force (other than commissioned officers) who are subject to the Pension Continuation Act. There are no longer any active members amongst the contributors.

AgriInvest Program

The AgriInvest Program is a savings account designed to help producers cover small margin declines.

The AgriInvest Program is cost-shared with provinces and territories on a 60/40 basis. The provinces and territories are invoiced for their share of the contributions, which are held in the specified purpose accounts until they are applied and transferred to the producer accounts. The funds in the producers specified purpose accounts are then drawn down as AgriInvest account holders request withdrawals or when the funds are transferred to a financial institution.

Starting with the 2009 program year, producers are required to make their AgriInvest deposits at a financial institution of their choice and any funds which were previously held by the federal government will be transferred to the new accounts.

AgriStability Program

The AgriStability Program is designed to cover larger margin declines caused by circumstances such as low prices, production losses, and rising input costs.

The AgriStability Program is cost-shared with provinces and territories on a 60/40 basis. Producers are charged a fee in order to participate in the program, which covers a portion of the program expenditure. The provinces and territories as well as producers are invoiced for their share of the contributions, which are held in the specified purpose accounts. These funds are drawn down as applications are processed and benefits are paid out.

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.

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.

Deposits/Disbursements—Worker's Compensation Board

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

Miscellaneous projects deposits—Canadian Heritage

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

Special Operating Account

This account was established pursuant to section 18 of the Library and Archives of Canada Act, which also directed that (a) the account be credited with funds received for the purpose of the Library and Archives Canada by way of donation, bequest or otherwise and (b) any amounts required for the purpose of the Act may be paid out of the account or out of money appropriated by Parliament for such purposes.

Advance account—Telefilm Canada

This account was established pursuant to section 19 of the Telefilm Canada Act, to reserve for use in future years, funds generated by projects funded by Telefilm Canada, and which, due to timing, remained unreinvested at year end.

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.

Miscellaneous projects deposits—Parks Canada Agency

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

Common school funds—Ontario and Quebec

This account was established under 12 Victoria 1849, Chapter 200, to record the proceeds from the sale of lands set apart for the support and maintenance of common schools in Upper and Lower Canada, now Ontario and Quebec. Interest of $133,889, apportioned on the basis of population, is paid directly to these provinces on a semi-annual basis, at the rate of 5 percent per annum, and is charged to interest on the public debt.

Foreign claims fund

This account was established by Vote 22a, Appropriation Act No. 9, 1966, to record: (a) such part of the money received from the Custodian of Enemy Property, proceeds of the sale of property and the earnings of property, and, (b) all amounts received from governments of other countries pursuant to agreements entered into after April 1, 1966 relating to the settlement of Canadian claims, and also records payment of claims submitted, including payment of the expenses incurred in investigating and reporting on such claims.

War claims fund—World War II

This account was established by Vote 696, Appropriation Act No. 4, 1952, to record funds received from the Custodian of Enemy Property or from other sources, and payments: (a) to eligible claimants for compensation in respect of World War II; (b) of a supplementary award amounting to 50 percent of the original award (PC 1958-1467, October 23, 1958); and, (c) of expenses incurred in investigating and reporting on claims.

A War Claims Commission was established to enquire into and report on claims made by Canadians arising out of World War II for which compensation may be paid from this or any other fund established for the purpose. The expenses of the Commission are chargeable hereto.

Federal/provincial cost-sharing agreements

This account was established to record the deposit of funds received from the provinces for cost-shared programs according to official signed agreements.

Miscellaneous projects deposits—Fisheries and Oceans

This account was established to record contributions received from organizations and individuals, for the advancement of research work.

Sales of seized assets

The account was established to record the proceeds of the sale of seized items by the Department of Fisheries and Oceans from a person contravening the Fisheries Act. Funds so received are held in the Consolidated Revenue Fund pending final resolution of the case by the Minister of Fisheries and Oceans or the courts.

Canada Foundation account

This account was established by Vote 6g, Appropriation Act No. 2, 1967, to record funds received in connection with the Civilian Relief Agreement of 1950, and the Cultural Agreement of 1954 between Canada and Italy, and disbursements for the purposes of the said agreements.

Financial assistance to Canadians abroad

This account was established to record funds received from families or friends as prepayment for financial assistance to distressed Canadians abroad.

Funds from non-governmental organizations

This account was established to record funds received as prepayment for services to be performed by the Department of Foreign Affairs and International Trade on behalf of third parties.

Shared-cost agreements—Foreign Affairs and International Trade

This account was established to record funds received from the United States and the Mexican Sections of the NAFTA Secretariat, for the development and administration of common information management systems.

Shared-cost projects—Foreign Affairs and International Trade

This account was established to record funds received from organizations outside the Government of Canada accounting entity for shared-cost projects.

Shared-cost projects—Support to various programs

This account was established to record deposits received and payments made in accordance with authorities for shared-cost projects to support a water management program and various programs in the education sector.

Collaborative research projects—Health

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

Miscellaneous federal/provincial projects—Health

This account was established to record transactions relating to the provinces/territories share of costs incurred under federal/provincial cost-sharing agreements for joint federal/provincial/territorial projects which address health issues which are national in scope.

World Health Organization

This account was established to record funds received from the World Health Organization, for scientific projects.

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.

Canada Millennium Scholarship Foundation Excellence Awards

The account is established pursuant to Part 4 of the Budget Implementation Act, 2008, and to the agreement between the Canada Millennium Scholarship Foundation (CMSF), Human Resources and Skills Development Canada (HRSDC), and Treasury Board, to transfer funds from the CMSF to HRSDC for the purpose of making any remaining payments due to students who are receiving CMSF Excellence Awards where the payment eligibility period extends past the date of dissolution of the CMSF, and for payment of the costs of administering this program on behalf of the CMSF.

The amount transferred was $14,824,352. HRSDC will administer the remaining Excellence Awards Disbursements until December 31, 2013. After this date, HRSDC will transfer any funds remaining in the account to the Consolidated Revenue Fund, as per Part 4 of the Budget Implementation Act, 2008.

Federal/provincial collaborative agreement

This account was established to record amounts received by Human Resources and Skills Development from a province as funding under the provisions of a collaborative agreement with the province.

Federal/provincial shared-cost project—Human Resources and Skills 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 per official agreements or to refund unused amounts.

Federal/provincial 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 a Joint Project to develop and implement an ICEMS" and the Capital Contingency Fund Policy. The costs incurred are charged to the account and any unexpended funds will be returned to the provinces and territories at the end of the ICEMS project.

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 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.

Provincial funding for collaborative arrangement —Labour Market Development Agreement (LMDA)-British Columbia

This account was established to record deposits of payments from the Province of British Columbia to Human Resources and Skills Development under the LMDA. The funding provided by the Province of British Columbia is used by Human Resources and Skills Development to make payments to provincial LMDA clients.

Provincial funding for collaborative arrangement —Labour Market Development Agreement (LMDA)-Newfoundland and Labrador

This account was established to record deposits of payments from the Province of Newfoundland and Labrador to Human Resources and Skills Development under the LMDA. The funding provided by the Province of Newfoundland and Labrador is used by Human Resources and Skills Development to make payments to provincial LMDA clients.

Provincial funding for collaborative arrangement —Labour Market Development Agreement (LMDA)-Nova Scotia

This account was established to record deposits of payments from the Province of Nova Scotia to Human Resources and Skills Development under the LMDA. The funding provided by the Province of Nova Scotia is used by Human Resources and Skills Development to make payments to provincial LMDA clients.

Provincial funding for collaborative arrangement —Labour Market Development Agreement (LMDA)-Ontario

This account was established to record deposits of payments from the Province of Ontario to Human Resources and Skills Development under the LMDA. The funding provided by the Province of Ontario is used by Human Resources and Skills Development to make payments to provincial LMDA clients.

Provincial funding for collaborative arrangement —Labour Market Development Agreement (LMDA)-Yukon Territory

This account was established to record deposits of payments from the Yukon Territory to Human Resources and Skills Development under the LMDA. The funding provided by the Yukon Territory is used by Human Resources and Skills Development to make payments to territorial LMDA clients.

Shared-cost agreements—Canadian Centre for Occupational Health and Safety

This account represents funds contributed to a joint federal/provincial sponsored inquiries service provided by Canadian Centre for Occupational Health and Safety.

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. Off-reserve housing program—Personal Contributions—This account was established to record personal contributions held in trust until paid to the vendor, builder or legal representative. No activity was reported in the current year.
3. 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.

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 compensation funds

This holding account was established to record moneys received from the sales of Indian lands and easement compensation where the title has not been cleared nor the land survey completed.

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.

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.

Canada/Provinces Business Service Centre

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

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 Corporation Act to record the liability to shareholders who have not presented their shares for payment.

Securities in trust—Bankruptcy and Insolvency Act

This account was established by section 67 of the Bankruptcy and Insolvency Act, to record the value of securities originally held by a bankrupt stockbroker, on behalf of clients who have not been located.

Shared-cost/joint project agreements—Research

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.

Shared-cost projects—Industry

This account was established to record funds received from other governments and organizations in order to cover expenditures incurred under various shared-cost/joint project agreements.

Unclaimed dividends and undistributed assets—Bankruptcy and Insolvency Act

This account represents amounts credited to the Receiver General in accordance with the provisions of section 154 of the Bankruptcy and Insolvency Act, pending distribution to creditors.

Unclaimed dividends and undistributed assets—Canada Business Corporations Act

This account was established in accordance with sections 227 and 228 of the Canada Business Corporations Act, for the purpose of recording liabilities to creditors and shareholders who have not been located. The account is charged when funds are paid to them.

Unclaimed dividends and undistributed assets—Winding-up and Restructuring Act

This account records amounts credited to the Receiver General, in accordance with sections 138 and 139 of the Winding-up and Restructuring Act, pending distribution.

Radarsat

This account was established to record funds received for both cost-sharing and advance payments for Radarsat scenes.

Project deposits—Statistics Canada

This account was established to record deposits received from outside parties to secure payments for special statistical services.

Special account—Courts Administration Service

This account was established to maintain accounts on behalf of litigants before the Federal Court and Federal Court of Appeal. These accounts record the funds paid into the Federal Court and Federal Court of Appeal, pursuant to an order of the Courts, rules of the Courts or statutes, to be held pending payment of such funds, in accordance with an order/judgment of these Courts.

Foreign governments

These accounts were established to record funds received from foreign governments, to cover expenditures to be made on their behalf, in accordance with the provisions of agreements with the Government of Canada.

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.

Joint research and development projects—National Defence

This account was established to record funds received from other governments and organizations through collaborative relationships where the work is shared between the government of Canada and other laboratories.

Non-government agencies

This account was established to record funds received for expenditures made on behalf of non-government agencies, for which specific accounts have not been established.

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 a 50/50 split for expending the remaining funds in support of natural gas (NG) market expansion activities related to transportation and combined heat and power applications.

Newfoundland Offshore Revenue Account

This account was established pursuant to section 214 of the Canada-Newfoundland Atlantic Accord Implementation Act to facilitate the sharing of certain revenues accruing from oil and gas activities in the Newfoundland offshore area with the Province of Newfoundland. 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 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 sharing of certain revenues accruing from oil and gas activities in the Nova Scotia offshore area with the Province of Nova Scotia. Through statutory provisions of the Act, an amount equal to certain offshore revenues (taxes, royalties and miscellaneous revenues) is credited to this account and subsequent payments to the Province of Nova Scotia are charged thereto.

Shared-cost agreements—Research—Natural Resources

This account was established to facilitate the retention and disbursement of funds received from private industries and other governments for joint projects or shared-cost research agreements.

Shared-cost projects—Natural Resources

This account was established to facilitate the retention and disbursement of funds received from private organizations and other governments for cost-sharing scientific projects.

Security equipment purchases

Funds deposited in this account by licensees are used to provide for payment of purchases of security equipment for the licensees' facilities in accordance with security arrangements mandated pursuant to the Nuclear Safety and Control Act.

Shared-cost projects—Media travel expenses

This account records medias' (non-governmental organizations) reimbursements for travel arrangement services rendered to them.

Joint research and development projects—Royal Canadian Mounted Police

This account was established to record funds received from other government organizations in order to share costs incurred under various research project agreements.

Seized assets—Canadian funds

This account was established to record funds seized during the course of investigations and drug seizures under the Criminal Code of Canada, the Narcotic Control Act, the Food and Drug Act, the Customs Act and the Excise Act. The funds are held pending Court decisions.

Credit card—Special project fund

This account was established to record funds received from American Express (AMEX) to improve the Travel Card Program.

Francophone Summits

This account was established to record funding granted since 1994 by the "Agence intergouvernementale de la Francophonie (Paris)", which changed its name in 2006 to the "Organization internationale de la Francophonie", for projects involving the development of French and partner languages in order to express scientific and technical modernity.

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—Veterans Affairs

This account was established to record transactions relating to share of costs incurred under federal/provincial cost-sharing agreements and funding for research and other projects at Sainte Anne's Hospital.

Public Accounts of Canada 2012 Volume I - Bottom of the page Navigation

• Pensions and other future benefits
  (this page is wider than normal)
• Table of Contents
• Supplementary statements
  (this page is wider than normal)