Section 7—Public debt charges

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

Public debt charges include:

The following statement presents details of the current year's public debt charges.

Public debt charges
(in dollars)
Description Rate of interest
(%)		 Amount of principal Amount charged in 2016–2017
Unmatured Debt
Interest on marketable bondsLink to footnote 1
Payable in Canadian currency
CA135087A461—Sept 2017 1.50 7,968,079,000 133,410,887
CA135087A610—June 2023 1.50 14,200,000,000 212,804,945
CA135087A875—March 2018 1.25 9,284,048,000 126,959,358
CA135087B295—Aug 2016 1.00 – 45,622,230
CA135087B378—Sept 2018 1.25 10,200,000,000 127,500,000
CA135087B451—June 2024 2.50 13,800,000,000 344,684,066
CA135087B600—Feb 2017 1.50 – 147,712,492
CA135087B865—March 2019 1.75 10,200,000,000 178,500,000
CA135087B949—Dec 2047 1.25 8,085,616,000 85,569,122
CA135087C699—May 2016 1.00 – 6,576,354
CA135087C855—Sept 2019 1.75 16,700,000,000 251,715,078
CA135087C939—Dec 2065 2.75 3,500,000,000 96,161,859
CA135087D275—Aug 2017 1.25 10,119,320,000 186,770,550
CA135087D358—Dec 2048 2.75 12,100,000,000 278,917,601
CA135087D507—June 2025 2.25 13,100,000,000 294,480,082
CA135087D689—Nov 2016 1.00 – 49,558,421
CA135087D929—March 2020 1.50 23,200,000,000 203,012,247
CA135087E265—Feb 2018 1.25 14,662,123,000 231,300,994
CA135087E349—May 2017 0.25 7,940,190,000 21,266,518
CA135087E596—Sept 2020 0.75 13,000,000,000 97,500,000
CA135087E679—June 2026 1.50 13,500,000,000 188,609,081
CA135087E752—Nov 2017 0.25 10,162,316,000 31,609,200
CA135087F254—March 2021 0.75 13,800,000,000 103,500,000
CA135087F338—May 2018 0.25 13,909,526,000 36,516,654
CA135087F585—Sept 2021 0.75 15,000,000,000 89,924,163
CA135087F668—Aug 2018 0.50 15,324,672,000 61,686,202
CA135087F825—June 2027 1.00 9,000,000,000 34,438,130
CA135087F908—Nov 2018 0.50 15,600,000,000 42,953,720
CA135087G328—March 2022 0.50 15,000,000,000 21,309,716
CA135087G401—Feb 2019 0.50 15,600,000,000 23,718,187
CA135087G658—May 2019 0.75 11,700,000,000 7,292,465
CA135087TZ75—March 2021 10.50 567,361,000 59,572,905
CA135087UE28—June 2021 9.75 286,188,000 27,877,778
CA135087UL60—Dec 2021 4.25 8,064,564,750 341,219,811
CA135087UM44—June 2022 9.25 206,022,000 19,039,584
CA135087UT96—June 2023 8.00 2,358,552,000 188,511,372
CA135087VH40—June 2025 9.00 2,303,156,000 207,094,219
CA135087VS05—Dec 2026 4.25 7,739,077,500 327,448,020
CA135087VW17—June 2027 8.00 4,035,975,000 322,582,324
CA135087WL43—June 2029 5.75 10,903,380,000 627,943,225
CA135087WV25—Dec 2031 4.00 8,217,034,000 327,220,596
CA135087XG49—June 2033 5.75 12,432,905,000 728,289,744
CA135087XQ21—Dec 2036 3.00 7,353,684,000 219,630,605
CA135087XW98—June 2037 5.00 13,259,713,000 670,783,153
CA135087YB43—June 2016 4.00 – 46,673,211
CA135087YF56—June 2017 4.00 7,995,404,000 338,428,304
CA135087YK42—Dec 2041 2.00 7,624,593,000 151,813,860
CA135087YL25—June 2018 4.25 10,522,764,000 450,619,346
CA135087YQ12—June 2041 4.00 15,361,345,000 622,791,516
CA135087YR94—June 2019 3.75 17,650,000,000 661,268,887
CA135087YZ11—June 2020 3.50 13,100,000,000 458,080,128
CA135087ZH04—Dec 2044 1.50 8,623,538,000 128,778,011
CA135087ZJ69—June 2021 3.25 11,500,000,000 373,407,738
CA135087ZL16—June 2016 2.00 – 23,834,512
CA135087ZQ03—Sept 2016 2.75 – 90,517,480
CA135087ZS68—Dec 2045 3.50 16,400,000,000 573,474,359
CA135087ZU15—June 2022 2.75 12,700,000,000 348,930,174
CA135087ZV97—March 2017 1.50 – 119,370,039
Subtotal – 535,861,146,250 12,216,781,223
Less: Government's holdings and consolidation adjustment – (negative 418,410,000) –
Total – 536,279,556,250 12,216,781,223
Payable in foreign currencies
2001–2003/19 8.25-9.70 26,039,442 2,861,237
2010–2020 3.50 2,837,800,000 96,589,299
2012–2017 0.88 – 29,979,338
2014–2019 1.63 3,989,700,000 63,795,469
2015–2018 1.13 4,654,650,000 52,509,481
Subtotal – 11,508,189,442 245,734,824
Less: Government's holdings – 27,141,110 2,561,322
Total – 11,481,048,332 243,173,502
Total – 547,760,604,582 12,459,954,725
Retail Debt
Canada savings bondsLink to footnote 2
S49—1994/95–2016/17 0.50 – 554,838
S50—1995/96–2017/18 0.50 94,521,974 722,565
S51—1996/97–2018/19 0.50 144,115,627 1,242,928
S52—1997/98–2017/18 0.50 160,417,681 1,156,355
S54—1998/99–2018/19 0.50 76,354,261 510,551
S55—1998/99–2018/19 0.50 5,442,100 35,886
S56—1998/99–2018/19 0.50 1,227,000 8,118
S57—1998/99–2018/19 0.50 856,452 5,387
S58—1998/99–2018/19 0.50 1,663,159 11,804
S59—1999/00–2019/20 0.50 1,054,034 6,797
S60—1999/00–2019/20 0.50 42,947,969 287,480
S61—1999/00–2019/20 0.50 3,614,509 22,880
S62—1999/00–2019/20 0.50 1,657,741 10,804
S63—1999/00–2019/20 0.50 923,225 6,044
S64—1999/00–2019/20 0.50 1,693,236 11,025
S65—2000/01–2020/21 0.50 1,631,959 10,214
S102—2006/07–2016/17 0.50 – 336,923
S103—2006/07–2016/17 0.50 – 23,257
S104—2006/07–2016/17 0.50 – 8,588
S105—2006/07–2016/17 0.50 – 7,953
S106—2006/07–2016/17 0.50 – 13,945
S107—2007/08–2017/18 0.50 2,127,601 12,241
S108—2007/08–2017/18 0.50 117,422,383 677,637
S109—2007/08–2017/18 0.50 9,150,673 51,884
S110—2007/08–2017/18 0.50 2,892,485 17,603
S111—2007/08–2017/18 0.50 2,642,619 17,287
S112—2007/08–2017/18 0.50 3,379,459 19,415
S113—2008/09–2018/19 0.50 5,627,663 30,800
S114—2008/09–2018/19 0.50 155,899,441 874,932
S115—2008/09–2018/19 0.50 18,787,652 101,739
S116—2008/09–2018/19 0.50 8,787,361 49,039
S117—2008/09–2018/19 0.50 4,015,530 23,280
S118—2008/09–2018/19 0.50 4,580,701 24,869
S119—2009/10–2019/20 0.50 4,330,431 23,857
S120—2009/10–2019/20 0.50 123,703,857 696,597
S121—2009/10–2019/20 0.50 7,903,877 42,261
S122—2009/10–2019/20 0.50 2,761,056 14,356
S123—2009/10–2019/20 0.50 1,453,340 7,542
S124—2009/10–2019/20 0.50 1,980,532 11,154
S125—2010/11–2020/21 0.50 1,346,914 7,166
S126—2010/11–2020/21 0.50 178,642,287 999,964
S127—2010/11–2020/21 0.50 13,221,095 71,079
S128—2011/12–2021/22 0.50 215,886,238 1,210,168
S129—2011/12–2021/22 0.50 10,219,446 55,440
S131—2013/14–2016/17 0.50 – 947,880
S132—2014/15–2017/18 0.50 335,572,851 10,805,415
S133—2015/16–2018/19 0.50 764,593,786 4,673,948
S134—2016/17–2019/20 0.50 730,351,318 1,224,010
S916—2014/15–2015/16 0.50 – 472
S917—2014/15–2015/16 0.50 – 107
S918—2014/15–2015/16 0.50 – 5,844
S920—2015/16–2016/17 0.50 – 104
S921—2015/16–2016/17 0.50 – 55
S922—2015/16–2016/17 0.50 – 1,532
S923—2016/17–2016/17 0.50 – 17
S924—2016/17–2017/18 0.50 28,364 –
S925—2016/17–2017/18 0.50 72,584 –
S926—2016/17–2017/18 0.50 578,160 241
Total – 3,266,080,631 27,694,277
Canada premium bondsLink to footnote 2
P3—1998/99–2018/19 1.20-1.40 137,984,822 2,519,150
P4—1998/99–2018/19 1.20-1.40 15,144,589 288,953
P5—1998/99–2018/19 1.20-1.40 3,861,176 72,630
P6—1998/99–2018/19 1.20-1.40 2,422,920 44,680
P7—1998/99–2018/19 1.20-1.40 12,559,764 252,734
P8—1999/00–2019/20 1.20 8,528,878 154,212
P9—1999/00–2019/20 0.70-0.80 47,481,273 530,501
P10—1999/00–2019/20 0.70-0.80 14,658,317 165,476
P11—1999/00–2019/20 0.70-0.80 5,566,635 63,500
P12—1999/00–2019/20 0.70-0.80 4,307,190 49,218
P13—1999/00–2019/20 0.70-0.80 10,405,249 114,723
P14—2000/01–2020/21 0.70 11,972,782 126,666
P51—2006/07–2016/17 1.00 – –
P52—2006/07–2016/17 0.70 – 230,718
P53—2006/07–2016/17 0.70 – 73,749
P54—2006/07–2016/17 0.70 – 24,824
P55—2006/07–2016/17 0.70 – 22,112
P56—2006/07–2016/17 0.70 – 141,161
P57—2007/08–2017/18 0.70 11,300,975 99,963
P58—2007/08–2017/18 1.40-0.80 45,157,117 610,211
P59—2007/08–2017/18 1.40-0.80 11,296,971 160,537
P60—2007/08–2017/18 1.40-0.80 3,348,905 53,347
P61—2007/08–2017/18 1.40-0.70 2,676,916 44,476
P62—2007/08–2017/18 1.40-0.70 6,915,565 109,717
P63—2008/09–2018/19 1.40 7,988,978 132,600
P64—2008/09–2018/19 1.20-1.40 86,036,496 1,246,289
P65—2008/09–2018/19 1.20-1.40 46,544,946 664,805
P66—2008/09–2018/19 1.20-1.40 19,183,494 267,930
P67—2008/09–2018/19 1.20-1.40 11,343,616 150,561
P68—2008/09–2018/19 1.20-1.40 12,479,001 163,580
P69—2009/10–2019/20 1.20 11,749,371 149,590
P70—2009/10–2019/20 0.70-0.80 44,300,032 359,432
P71—2009/10–2019/20 0.70-0.80 26,354,438 217,293
P72—2009/10–2019/20 0.70-0.80 10,318,823 83,944
P73—2009/10–2019/20 0.70-0.80 7,889,422 64,627
P74—2009/10–2019/20 0.70-0.80 7,043,501 55,816
P75—2010/11–2020/21 0.70 5,902,281 43,470
P76—2010/11–2020/21 1.40-0.80 63,983,570 816,933
P77—2010/11–2020/21 1.40-0.80 44,242,138 593,685
P78—2011/12–2021/22 1.20-1.40 84,573,532 1,160,814
P79—2011/12–2021/22 1.20-1.40 38,876,355 527,746
P82—2013/14–2016/17 1.40 – 896,314
P83—2013/14–2016/17 1.40 – 347,297
P84—2014/15–2017/18 1.20-1.40 61,253,219 1,811,313
P85—2014/15–2017/18 1.20-1.40 34,594,121 459,210
P86—2015/16–2018/19 0.70-0.80 78,026,499 599,403
P87—2015/16–2018/19 0.70-0.80 56,569,192 433,391
P88—2016/17–2019/20 0.80 101,092,486 341,008
P89—2016/17–2019/20 0.80 36,421,321 98,478
P966—2014/15–2015/16 1.00 – 9,350
P967—2014/15–2015/16 1.00 – 11,396
P968—2014/15–2015/16 1.00 – 37,509
P969—2015/16–2016/17 1.00 – 6,737
P970—2015/16–2016/17 0.70 – 1,199
P971—2015/16–2016/17 0.70 – 3,466
P972—2015/16–2016/17 0.70 – 7,532
P973—2016/17–2016/17 0.70 – 2,190
P974—2016/17–2017/18 0.80 270,174 553
P975—2016/17–2017/18 0.80 295,613 –
P976—2016/17–2017/18 0.80 14,338,644 8,365
Total – 1,267,261,307 17,727,084
Total – 4,533,341,938 45,421,361
Medium-term notes
Payable in foreign currencies
2013/14–2016/17 floating – 2,901,888
2013/14–2019/20 1.85 66,495,000 1,201,200
2013/14–2019/20 floating 66,495,000 517,755
2013/14–2019/20 floating 166,237,500 1,335,487
2013/14–2020/21 2.30 66,495,000 1,521,814
2014/15–2020/21 floating 166,237,500 1,322,828
2014/15–2020/21 floating 132,990,000 1,038,476
2014/15–2020/21 floating 332,475,000 2,596,191
2014/15–2020/21 floating 66,495,000 513,037
2014/15–2020/21 0.15 212,835,000 308,966
2015/16–2021/22 floating 66,495,000 536,942
2015/16–2019/20 1.45 66,495,000 943,170
2015/16–2018/19 floating 332,475,000 2,332,330
2015/16–2019/20 1.28 199,485,000 2,514,018
2016/17–2019/20 floating 199,485,000 1,229,013
2016/17–2019/20 floating 132,990,000 649,506
2016/17–2019/20 floating 332,475,000 726,615
Total – 2,606,655,000 22,189,236
Total interest on unmatured debt – 554,900,601,520 12,527,565,322
Amortization of discounts on Treasury bills
Amortization of discounts on 2015–2016 issues – – 206,165,289
Amortization of discounts on 2016–2017 issues – 136,700,000,000 530,915,408
Total – 136,700,000,000 737,080,697
Amortization of discounts on Canada bills
Amortization of discounts on 2015–2016 issues – – 3,238,603
Amortization of discounts on 2016–2017 issues – 3,521,450,189 24,461,216
Total – 3,521,450,189 27,699,819
Total – 140,221,450,189 764,780,516
Amortization of discounts and premiums on marketable bonds – – 202,982,179
Amortization of discounts and premiums on real return bonds – – (negative 135,995,452)
Amortization of discounts and premiums on foreign bonds – – 5,993,750
Consumer price index adjustments on real return bonds – – 1,098,016,857
Total – – 1,170,997,334
Total amortization of premiums and discounts on other debts – 140,221,450,189 1,935,777,850
Cross-currency swap revaluation various 7,763,876,882 (negative 334,741,736)
Servicing costs and costs of issuing new borrowings various – 10,049,410
Unamortized discounts and premiums on market debt various 5,321,997,204 –
Obligation related to capital leases various 3,225,837,581 199,601,363
Other unmatured debt various 2,198,770,224 81,744,371
Total public debt charges related to unmatured debt – 713,632,533,600 14,419,996,580
Pension and other future benefits (interest)
Public sector pensions
Canadian Forces Pension Fund Account various 173,590,110 –
Canadian Forces Superannuation Account various 45,208,526,862 1,977,892,099
Members of Parliament Retirement Compensation Arrangements Account various 254,929,605 11,471,139
Members of Parliament Retiring Allowances Account various 509,482,465 22,844,341
Public Service Pension Fund Account various 322,529,984 –
Public Service Superannuation Account various 94,209,273,550 4,128,334,225
Reserve Force Pension Fund Account various (negative 63,015,318) –
Retirement Compensation Arrangements Account
RCA No. 1—Canadian Forces various 409,218,089 17,658,754
RCA No. 1—Public Service various 1,193,245,712 51,628,364
RCA No. 1—Royal Canadian Mounted Police various 33,996,630 1,473,820
RCA No. 2—Public Service various 717,522,186 34,240,959
Royal Canadian Mounted Police Pension Fund Account various 16,302,316 –
Royal Canadian Mounted Police Superannuation Account various 13,274,926,951 569,395,398
Supplementary Retirement Benefits Account (Judges) various 223,713,819 1,509,639
Supplementary Retirement Benefits Account (Others) various 815,777 5,823
Total – 156,485,058,738 6,816,454,561
Allowance for pension adjustments various (negative 4,769,000,000) 26,000,000
Consolidated Crown corporations and other entities various 90,432,000 (negative 143,729,000)
Total – 151,806,490,738 6,698,725,561
Other employee and veteran future benefits
Public Service Health Care Plan and Pensioners' Dental Service Plan – 29,203,000,000 801,000,000
Royal Canadian Mounted Police disability and other future benefits – 6,702,000,000 242,000,000
Severance and other benefits – 2,401,000,000 72,000,000
Sick leave benefit plan – 1,686,000,000 40,000,000
Veterans' disability and other future benefits – 51,945,000,000 1,587,000,000
Worker's compensation – 1,300,000,000 32,000,000
Consolidated Crown corporations and other entities – 330,833,000 8,862,000
Total various 93,567,833,000 2,782,862,000
Total public debt charges related to pension and other future benefits – 245,374,323,738 9,481,587,561
Other liabilities
Canada Pension Plan (net of securities held by the Canada Pension Plan investment Fund) various 105,507,587 1,287,987
Government Annuities Account various 120,487,086 8,555,582
Deposit accounts
Canada Development Investment Corporation
Holdback—Privatization various 21,748,541 –
Canada Hibernia Holding Corporation
Abandonment reserve fund various 98,374,361 536,338
Canada Labour Code—Wage Recovery Appeals various 1,495,224 7,404
Swap collateral deposit – 94,471,400 –
Contractors' security deposits various 9,580,259 66,700
General security deposits various 7,018,701 –
Non-interest bearing accounts – 306,085,993 –
Total – 538,774,479 610,442
Trust accounts
Administered trust accounts various 195,197 885
Canadian Security Intelligence Service
Scholastic awards various 26,540 119
Correctional Service of Canada
Inmates' trust fund various 18,899,212 5,646
Estates fund various 14,642 –
Indian band funds various 645,078,668 13,090,360
Indian estate accounts various 26,414,433 351,692
Indian savings accounts various 29,715,430 1,976,730
Indian Residential Schools Settlement Agreement
Common Experience Payments various 82,397,039 371,022
Royal Canadian Mounted Police—Benefit trust fund various 2,303,677 7,595
Veterans administration and welfare trust fund various 805,784 4,093
Non-interest bearing accounts – 470,697 –
Total – 806,321,319 15,808,142
Total deposit and trust accounts – 1,345,095,798 16,418,584
Other specified purpose accounts
Insurance and death benefit accounts
Public Service death benefit account various 3,626,907,397 154,846,365
Regular forces death benefit account various 189,500,082 8,133,697
Non-interest bearing accounts – 3,080,189 –
Total – 3,819,487,668 162,980,062
Pension accounts
Annuities agents' pension account various – –
Locally engaged contributory pension account various 82,075 –
Royal Canadian Mounted Police Dependants' pension fund various 15,791,974 738,468
Total – 15,874,049 738,468
Other accounts
AgriInvest Program various 5,429,282 27,751
AgriStability Program (previously Canadian Agricultural Income Stabilization) various 47,754,052 –
Common school funds—Ontario and Quebec 5.00 2,677,771 133,888Link to footnote 3
Courts Administration Service
Special account various 5,592,639 26,711
Indian moneys suspense account various 45,064,628 747,843
Non-interest bearing accounts – 176,404,626 –
Total – 282,922,998 936,193
Deferred revenue specified purpose accountsLink to footnote 4
Shared-cost agreements—Research—Agriculture various – 44,992
Social Sciences and Humanities Research Council—Trust fund various – 1,037
Total other specified purpose accounts – 4,118,284,715 164,700,752
Special drawing rights allocations various Link to footnote 5 16,686,378
Total public debt charges related to other liabilities – 5,689,375,186 207,649,283
Consolidated specified purpose accounts (interest)
The National Battlefields Commission—Trust fund various 814,422 3,548
Ship-Source Oil Pollution Fund various 409,454,882 3,214,795
Mackenzie King trust account various 225,000 4,793
Endowments for health research various 75,000 19,703
Social Sciences and Humanities Research Council
Queen's Fellowship fund various 250,000 1,627
Non-interest bearing accounts – 3,632,600,649 –
Total public debt charges related to consolidated specified purpose accounts – 4,043,419,953 3,244,466
Total public debt charges before consolidation adjustment – 968,739,652,477 24,112,477,890
Accumulated consolidation adjustments (current year transactions are shown with the revenues and expenditures of the Government) – (negative 4,043,419,953) (negative 3,244,466)
Total public debt charges – 964,696,232,524 24,109,233,424
Comprised of:
Total public debt charges under statutory authorities before provision and consolidation adjustments – – 21,165,999,156
Total public debt charge provision – – 2,946,478,734
Consolidation adjustments – – (negative 3,244,466)
Total public debt charges – – 24,109,233,424

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