Ten-year comparative financial information
Public Accounts of Canada 2019 Volume I—Top of the page Navigation
The following tables provide a ten-year comparison of financial information based on the accounting policies explained in Note 1 to the audited consolidated financial statements in Section 2 of this volume.
Table 1.1 Government of Canada Consolidated Statement of Operations and Accumulated Deficit — detailed (in millions of dollars)
Year ended March 31Link to footnote 1 Link to footnote 2 Link to footnote 3
2010
2011
2012Link to footnote 4
2013Link to footnote 5
2014
2015
2016
2017
2018
2019
Revenues
Tax revenues
Income tax revenues
Personal
105,040
114,661
120,537
125,728
130,811
135,743
144,897
143,680
153,619
163,881
Corporate
32,247
31,953
33,641
34,986
36,587
39,447
41,444
42,216
47,805
50,368
Non-resident
5,293
5,137
5,300
5,073
6,404
6,216
6,505
7,071
7,845
9,370
Total
142,580
151,751
159,478
165,787
173,802
181,406
192,846
192,967
209,269
223,619
Other taxes and duties
Goods and services tax
26,947
28,379
28,370
28,821
30,998
31,349
32,952
34,368
36,751
38,221
Energy taxes
5,178
5,342
5,328
5,381
5,486
5,528
5,565
5,634
5,739
5,802
Customs import duties
3,490
3,520
3,862
3,979
4,239
4,581
5,372
5,478
5,416
6,881
Other excise taxes and duties
4,958
5,662
5,546
5,370
5,413
5,724
5,916
5,868
5,913
6,323
Total
40,573
42,903
43,106
43,551
46,136
47,182
49,805
51,348
53,819
57,227
Total tax revenues
183,153
194,654
202,584
209,338
219,938
228,588
242,651
244,315
263,088
280,846
Employment insurance premiums
16,761
17,501
18,556
20,395
21,766
22,564
23,070
22,125
21,140
22,295
Other revenues
Enterprise Crown corporations and other government business enterprises
4,552
9,590
7,983
7,543
7,966
9,306
7,916
5,655
7,731
7,101
Other
14,498
15,701
15,890
15,632
18,660
18,092
16,649
16,640
17,784
20,309
Net foreign exchange
1,647
1,809
1,669
1,502
1,682
1,355
2,322
2,133
1,473
1,667
Total other revenues
20,697
27,100
25,542
24,677
28,308
28,753
26,887
24,428
26,988
29,077
Total revenues
220,611
239,255
246,682
254,410
270,012
279,905
292,608
290,868
311,216
332,218
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance
34,653
35,629
38,045
40,255
41,786
44,103
45,461
48,162
50,644
53,366
Major transfer payments to other levels of government
Canada health transfer
24,820
26,031
27,174
28,912
30,543
32,114
34,025
36,057
37,124
38,568
Canada social transfer
10,858
11,179
11,514
11,860
12,215
12,582
12,959
13,348
13,748
14,161
Fiscal arrangements
13,490
13,826
15,259
15,595
15,610
16,271
16,893
17,145
17,575
17,929
Other major transfers
7,772
1,751
2,847
2,003
2,107
2,142
1,973
2,102
2,072
5,267
Subtotal
56,940
52,787
56,794
58,370
60,475
63,109
65,850
68,652
70,519
75,925
Employment insurance
21,586
19,850
17,647
17,099
17,300
18,052
19,419
20,711
19,715
18,888
Children's benefits
12,340
12,656
12,726
12,975
13,136
14,303
18,025
22,065
23,432
23,882
Fuel charge proceeds returned
–
–
–
–
–
–
–
–
–
664
Other transfer payments
45,949
43,155
37,720
34,862
36,698
35,126
34,874
41,580
47,138
51,753
Total transfer payments
171,468
164,077
162,932
163,561
169,395
174,693
183,629
201,170
211,448
224,478
Other expenses
78,949
81,521
82,745
86,609
83,938
81,555
90,003
87,423
96,840
98,438
Total program expenses
250,417
245,598
245,677
250,170
253,333
256,248
273,632
288,593
308,288
322,916
Public debt charges
26,562
28,610
29,038
25,533
24,729
24,207
21,837
21,232
21,889
23,266
Total expenses
276,979
274,208
274,715
275,703
278,062
280,455
295,469
309,825
330,177
346,182
Annual deficit
(negative 56,368)
(negative 34,953)
(negative 28,033)
(negative 21,293)
(negative 8,050)
(negative 550)
(negative 2,861)
(negative 18,957)
(negative 18,961)
(negative 13,964)
Accumulated deficit at beginning of year—as previously reported
(negative 463,710)
(negative 519,097)
(negative 551,668)
(negative 591,040)
(negative 609,391)
(negative 611,881)
(negative 612,330)
(negative 615,986)
(negative 631,899)
(negative 671,254)
Accounting change and restatement—Public sector pensions
(negative 4,236)
(negative 5,006)
(negative 6,587)
(negative 8,341)
(negative 11,219)
(negative 14,119)
(negative 16,580)
(negative 18,454)
(negative 19,641)
–
International Financial Reporting Standards (IFRS) transition adjustment
–
–
(negative 3,337)
–
–
–
–
–
–
–
Other comprehensive (loss) income
211
2,142
(negative 2,292)
64
2,660
(negative 2,360)
(negative 2,669)
1,857
(negative 753)
(negative 232)
Accumulated deficit at end of year
(negative 524,103)
(negative 556,914)
(negative 591,917)
(negative 620,610)
(negative 626,000)
(negative 628,910)
(negative 634,440)
(negative 651,540)
(negative 671,254)
(negative 685,450)
Table 1.2 Government of Canada Consolidated Statement of Financial Position — detailed (in millions of dollars)
As at March 31Link to footnote 6 Link to footnote 7
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Liabilities
Accounts payable and accrued liabilities
Amounts payable related to tax
48,251
48,648
50,952
54,877
52,600
56,198
53,697
55,077
61,876
65,200
Other accounts payable and accrued liabilities
39,881
37,677
41,358
30,369
26,170
26,986
29,979
29,034
37,692
42,674
Provision for contingent liabilities
13,214
12,900
12,804
12,262
11,135
11,757
12,562
16,511
23,030
26,447
Environmental liabilities and asset retirement obligations
6,602
7,745
8,362
10,600
11,143
12,296
13,282
12,599
12,291
13,192
Deferred revenue
5,294
4,788
4,164
3,570
4,147
8,161
9,684
9,066
8,220
7,500
Interest and matured debt
6,853
6,733
6,379
5,955
5,585
5,240
4,922
4,663
4,690
4,694
Total accounts payable and accrued liabilities
120,095
118,491
124,019
117,633
110,780
120,638
124,126
126,950
147,799
159,707
Interest-bearing debt
Unmatured debt
Payable in Canadian currency
Marketable bonds
367,962
416,080
448,140
469,039
473,319
487,881
504,068
536,280
574,968
569,526
Treasury bills
175,849
162,980
163,221
180,689
152,990
135,692
138,100
136,700
110,700
134,300
Retail debt
11,855
10,141
8,922
7,481
6,327
5,660
5,076
4,533
2,586
1,237
Bonds for Canada Pension Plan
452
27
11
–
–
–
–
–
–
–
Subtotal
556,118
589,228
620,294
657,209
632,636
629,233
647,244
677,513
688,254
705,063
Payable in foreign currencies
8,243
7,628
10,715
10,802
16,030
20,267
22,482
17,609
16,049
16,011
Cross-currency swap revaluation
(negative 4,233)
(negative 5,091)
(negative 4,448)
(negative 3,419)
2,326
6,669
8,391
7,764
7,835
7,274
Unamortized discounts and premiums on market debt
(negative 5,092)
(negative 4,485)
(negative 4,295)
3,231
3,184
4,296
5,047
5,322
3,467
2,163
Obligation related to capital leases
4,090
3,685
3,633
3,647
3,603
3,710
3,477
3,226
3,203
2,893
Obligation under public-private partnership
–
190
453
917
1,179
1,005
1,570
2,199
2,393
3,511
Total unmatured debt
559,126
591,155
626,352
672,387
658,958
665,180
688,211
713,633
721,201
736,915
Pensions and other future benefits
Public sector pensions
147,849
152,722
157,252
162,886
167,281
169,244
170,681
171,447
170,914
168,782
Other employee and veteran future benefits
54,227
58,206
61,915
67,301
71,959
76,140
85,681
93,568
104,793
113,862
Total pensions and other future benefits
202,076
210,928
219,167
230,187
239,240
245,384
256,362
265,015
275,707
282,644
Canada Pension Plan Account
175
23
138
68
140
212
35
106
32
163
Other liabilities
6,412
6,292
6,795
5,978
5,774
5,790
5,567
5,583
5,638
5,742
Total interest-bearing debt
767,789
808,398
852,452
908,620
904,112
916,566
950,175
984,337
1,002,578
1,025,464
Total liabilities
887,884
926,889
976,471
1,026,253
1,014,892
1,037,204
1,074,301
1,111,287
1,150,377
1,185,171
Financial assets
Cash and accounts receivable
Cash and cash equivalents
28,450
14,323
17,143
27,341
31,429
34,999
38,570
36,500
34,642
37,635
Taxes receivable
69,063
78,626
86,006
92,115
92,489
98,499
105,848
110,514
123,035
127,561
Other accounts receivable
3,262
3,389
3,529
3,587
3,706
3,031
10,139
10,316
14,380
11,845
Total cash and accounts receivable
100,775
96,338
106,678
123,043
127,624
136,529
154,557
157,330
172,057
177,041
Foreign exchange accounts
International reserves held in the Exchange Fund Account
53,701
54,041
62,141
63,381
77,365
91,961
101,379
106,668
105,430
107,200
International Monetary Fund—Subscriptions
9,823
9,792
9,842
9,694
10,883
11,129
20,170
19,892
20,647
20,449
International Monetary Fund—Loans
337
1,139
1,325
1,457
1,665
1,353
1,278
1,125
775
546
Less: International Monetary Fund—Notes payable and special drawing rights allocations
16,911
16,465
16,311
15,773
17,651
19,425
29,288
28,888
29,914
28,507
Total foreign exchange accounts
46,950
48,507
56,997
58,759
72,262
85,018
93,539
98,797
96,938
99,688
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
129,523
135,673
130,662
131,785
94,815
89,375
91,116
99,427
100,775
108,169
Other loans, investments and advances
23,158
22,876
22,258
23,134
22,820
24,306
24,841
24,579
25,596
25,743
Total loans, investments and advances
152,681
158,549
152,920
154,919
117,635
113,681
115,957
124,006
126,371
133,912
Public sector pension assets
–
–
–
–
938
1,263
1,639
1,900
2,124
2,406
Total financial assets
300,406
303,394
316,595
336,721
318,459
336,491
365,692
382,033
397,490
413,047
Net Debt
(negative 587,478)
(negative 623,495)
(negative 659,876)
(negative 689,532)
(negative 696,433)
(negative 700,713)
(negative 708,609)
(negative 729,254)
(negative 752,887)
(negative 772,124)
Non-financial assets
Tangible capital assets
55,054
57,668
59,047
60,241
61,942
63,347
65,838
69,676
73,835
78,942
Inventories
6,192
6,830
6,996
7,453
7,316
7,250
7,221
6,842
6,679
6,601
Prepaid expenses and other
2,129
2,083
1,916
1,228
1,175
1,206
1,110
1,196
1,119
1,131
Total non-financial assets
63,375
66,581
67,959
68,922
70,433
71,803
74,169
77,714
81,633
86,674
Accumulated deficit
(negative 524,103)
(negative 556,914)
(negative 591,917)
(negative 620,610)
(negative 626,000)
(negative 628,910)
(negative 634,440)
(negative 651,540)
(negative 671,254)
(negative 685,450)
Table 1.3 Government of Canada Consolidated Statement of Change in Net Debt — detailed (in millions of dollars)
Year ended March 31Link to footnote 8 Link to footnote 9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Net debt at beginning of year—as previously reported
(negative 525,213)
(negative 582,472)
(negative 616,908)
(negative 650,135)
(negative 671,363)
(negative 682,314)
(negative 686,959)
(negative 693,751)
(negative 714,457)
(negative 752,887)
Accounting changes and restatement
Accumulated sick leave entitlements
–
–
(negative 1,341)
(negative 1,400)
–
–
–
–
–
–
Unamortized premiums and discounts on the buy-back of bonds
–
–
–
(negative 5,669)
(negative 5,387)
–
–
–
–
–
Loans expected to be repaid from future appropriations
–
–
–
(negative 1,795)
(negative 1,563)
–
–
–
–
–
Public sector pensions
(negative 4,236)
(negative 5,006)
(negative 6,587)
(negative 8,341)
(negative 11,219)
(negative 14,119)
(negative 16,580)
(negative 18,454)
(negative 19,641)
–
Change in revenue recognition criteria
–
–
–
–
–
–
2,826
3,596
4,844
–
Net debt at beginning of year—as restated
(negative 529,449)
(negative 587,478)
(negative 624,836)
(negative 667,340)
(negative 689,532)
(negative 696,433)
(negative 700,713)
(negative 708,609)
(negative 729,254)
(negative 752,887)
International Financial Reporting Standards (IFRS) transition adjustment
–
–
(negative 3,337)
–
–
–
–
–
–
–
Change in net debt during the year
Annual deficit
(negative 56,368)
(negative 34,953)
(negative 28,033)
(negative 21,293)
(negative 8,050)
(negative 550)
(negative 2,861)
(negative 18,957)
(negative 18,961)
(negative 13,964)
Change due to tangible capital assets
Acquisition of tangible capital assets
(negative 7,136)
(negative 8,061)
(negative 6,976)
(negative 7,175)
(negative 7,129)
(negative 7,204)
(negative 8,015)
(negative 8,547)
(negative 9,793)
(negative 11,134)
Amortization of tangible capital assets
4,418
4,756
4,859
5,184
4,865
5,090
5,049
5,168
5,261
5,643
Proceeds from disposal of tangible capital assets
297
447
664
407
875
954
632
421
266
465
Net loss (gain) on disposal of tangible capital assets, including adjustments
693
244
74
390
(negative 312)
(negative 245)
(negative 157)
(negative 880)
107
(negative 81)
Total change due to tangible capital assets
(negative 1,728)
(negative 2,614)
(negative 1,379)
(negative 1,194)
(negative 1,701)
(negative 1,405)
(negative 2,491)
(negative 3,838)
(negative 4,159)
(negative 5,107)
Change due to inventories
156
(negative 638)
(negative 166)
(negative 457)
137
66
29
379
163
78
Change due to prepaid expenses
(negative 300)
46
167
688
53
(negative 31)
96
(negative 86)
77
(negative 12)
Net increase in net debt due to operations
(negative 58,240)
(negative 38,159)
(negative 29,411)
(negative 22,256)
(negative 9,561)
(negative 1,920)
(negative 5,227)
(negative 22,502)
(negative 22,880)
(negative 19,005)
Other comprehensive (loss) income
211
2,142
(negative 2,292)
64
2,660
(negative 2,360)
(negative 2,669)
1,857
(negative 753)
(negative 232)
Net increase in net debt
(negative 58,029)
(negative 36,017)
(negative 31,703)
(negative 22,192)
(negative 6,901)
(negative 4,280)
(negative 7,896)
(negative 20,645)
(negative 23,633)
(negative 19,237)
Net debt at end of year
(negative 587,478)
(negative 623,495)
(negative 659,876)
(negative 689,532)
(negative 696,433)
(negative 700,713)
(negative 708,609)
(negative 729,254)
(negative 752,887)
(negative 772,124)
Table 1.4 Government of Canada Consolidated Statement of Cash Flow — detailed (in millions of dollars)
Year ended March 31Link to footnote 10 Link to footnote 11 Link to footnote 12
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Operating activities
Annual deficit
(negative 56,368)
(negative 34,953)
(negative 28,033)
(negative 21,293)
(negative 8,050)
(negative 550)
(negative 2,861)
(negative 18,957)
(negative 18,961)
(negative 13,964)
Non-cash items
Share of annual profit in enterprise Crown corporations and other government business enterprises
(negative 2,306)
(negative 6,992)
(negative 5,350)
(negative 4,995)
(negative 5,945)
(negative 8,365)
(negative 7,316)
(negative 4,920)
(negative 6,959)
(negative 5,920)
Amortization of tangible capital assets
4,418
4,756
4,859
5,184
4,865
5,090
5,049
5,168
5,261
5,643
Net loss (gain) on disposal of tangible capital assets, including adjustments
693
244
74
390
(negative 312)
(negative 245)
(negative 157)
(negative 880)
107
(negative 81)
Cross-currency swap revaluation
(negative 7,923)
(negative 858)
643
1,029
5,745
4,343
1,722
(negative 627)
71
(negative 561)
Pensions and other future benefit and interest expenses
22,339
23,131
22,668
25,737
24,549
21,817
26,491
25,884
29,588
25,662
Change in taxes receivable
2,848
(negative 9,563)
(negative 7,380)
(negative 6,109)
(negative 374)
(negative 6,010)
(negative 7,349)
(negative 4,666)
(negative 12,521)
(negative 4,526)
Change in pensions and other future benefits
(negative 14,719)
(negative 14,279)
(negative 15,770)
(negative 14,717)
(negative 16,434)
(negative 15,998)
(negative 15,889)
(negative 17,492)
(negative 19,120)
(negative 19,007)
Change in foreign exchange accounts
4,759
(negative 1,557)
(negative 8,490)
(negative 1,762)
(negative 13,503)
(negative 12,756)
(negative 8,521)
(negative 5,258)
1,859
(negative 2,750)
Change in accounts payable and accrued liabilities
6,096
(negative 1,604)
5,528
(negative 6,386)
(negative 6,853)
9,858
3,488
2,824
20,849
11,908
Change in cash collateral pledged to counterparties
–
–
–
–
–
–
(negative 6,557)
(negative 349)
(negative 1,841)
1,622
Net change in other accounts
2,711
10
2,259
1,302
1,792
2,713
768
1,464
(negative 2,110)
6,103
Cash used by operating activities
(negative 37,452)
(negative 41,665)
(negative 28,992)
(negative 21,620)
(negative 14,520)
(negative 103)
(negative 11,132)
(negative 17,809)
(negative 3,777)
4,129
Capital investment activities
Acquisition of tangible capital assets
(negative 7,136)
(negative 8,061)
(negative 6,976)
(negative 7,175)
(negative 7,129)
(negative 6,804)
(negative 7,379)
(negative 7,834)
(negative 9,220)
(negative 10,010)
Proceeds from disposal of tangible capital assets
297
447
664
407
875
954
632
421
266
465
Cash used by capital investment activities
(negative 6,839)
(negative 7,614)
(negative 6,312)
(negative 6,768)
(negative 6,254)
(negative 5,850)
(negative 6,747)
(negative 7,413)
(negative 8,954)
(negative 9,545)
Investing activities
Enterprise Crown corporations and other government business enterprises
Equity transactions
(negative 3,226)
2,818
2,684
1,445
5,165
3,514
4,975
2,195
7,993
6,302
Issuance of loans and advances
(negative 119,755)
(negative 76,579)
(negative 63,389)
(negative 65,183)
(negative 70,328)
(negative 79,905)
(negative 54,542)
(negative 52,213)
(negative 42,756)
(negative 48,889)
Repayment of loans and advances
99,921
76,677
65,286
66,156
110,259
88,168
52,699
48,703
39,884
41,086
Issuance of other loans, investments and advances
(negative 21,174)
(negative 5,858)
(negative 7,679)
(negative 5,533)
(negative 5,525)
(negative 8,124)
(negative 7,749)
(negative 6,104)
(negative 7,500)
(negative 7,546)
Repayment of other loans, investments and advances
16,620
5,814
6,858
4,221
4,418
5,503
6,145
5,510
7,357
5,354
Cash provided (used) by investing activities
(negative 27,614)
2,872
3,760
1,106
43,989
9,156
1,528
(negative 1,909)
4,978
(negative 3,693)
Total cash (used) generated before financing activities
(negative 71,905)
(negative 46,407)
(negative 31,544)
(negative 27,282)
23,215
3,203
(negative 16,351)
(negative 27,131)
(negative 7,753)
(negative 9,109)
Financing activities
Issuance of Canadian currency borrowings
554,892
553,464
567,707
579,456
512,009
468,021
452,850
507,483
441,307
437,135
Repayment of Canadian currency borrowings
(negative 499,383)
(negative 520,569)
(negative 536,430)
(negative 542,063)
(negative 536,364)
(negative 471,891)
(negative 435,143)
(negative 477,549)
(negative 433,801)
(negative 424,926)
Issuance of foreign currency borrowings
22,212
8,195
12,743
7,782
12,011
16,961
26,817
21,702
15,847
19,631
Repayment of foreign currency borrowings
(negative 24,351)
(negative 8,810)
(negative 9,656)
(negative 7,695)
(negative 6,783)
(negative 12,724)
(negative 24,602)
(negative 26,575)
(negative 17,458)
(negative 19,738)
Cash provided (used) by financing activities
53,370
32,280
34,364
37,480
(negative 19,127)
367
19,922
25,061
5,895
12,102
Net (decrease) increase in cash and cash equivalents
(negative 18,535)
(negative 14,127)
2,820
10,198
4,088
3,570
3,571
(negative 2,070)
(negative 1,858)
2,993
Cash and cash equivalents at beginning of year
46,985
28,450
14,323
17,143
27,341
31,429
34,999
38,570
36,500
34,642
Cash and cash equivalents at end of year
28,450
14,323
17,143
27,341
31,429
34,999
38,570
36,500
34,642
37,635
Table 1.5 Government of Canada Consolidated Statement of Non-Budgetary Transactions and of Non‑Financial Assets — detailed (in millions of dollars)
Year ended March 31Link to footnote 13 Link to footnote 14
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
Loans and advances
Canada Mortgage and Housing Corporation
(negative 10,399)
2,693
2,974
3,472
41,951
10,465
177
720
1,124
592
Business Development Bank of Canada
(negative 4,961)
(negative 978)
662
(negative 653)
(negative 1,106)
(negative 1,356)
(negative 1,266)
(negative 1,869)
(negative 1,659)
(negative 1,765)
Farm Credit Canada
(negative 4,481)
(negative 1,627)
(negative 1,768)
(negative 1,848)
(negative 855)
(negative 662)
(negative 747)
(negative 2,246)
(negative 2,324)
(negative 1,854)
Canadian Development Investment Corporation
–
–
–
–
–
–
–
–
–
(negative 4,790)
Other
7
10
29
2
(negative 59)
(negative 185)
(negative 7)
(negative 115)
(negative 13)
14
Subtotal
(negative 19,834)
98
1,897
973
39,931
8,262
(negative 1,843)
(negative 3,510)
(negative 2,872)
(negative 7,803)
Investments
Share of annual profit
(negative 2,306)
(negative 6,992)
(negative 5,350)
(negative 4,995)
(negative 5,945)
(negative 8,365)
(negative 7,316)
(negative 4,920)
(negative 6,959)
(negative 5,920)
Other comprehensive loss (income)
(negative 211)
(negative 2,142)
2,292
(negative 64)
(negative 2,660)
2,360
2,669
(negative 1,857)
753
232
Dividends
1,391
2,818
2,028
1,445
5,215
2,341
4,002
2,320
8,058
6,427
Capital
(negative 4,617)
–
656
–
(negative 50)
1,030
973
(negative 125)
(negative 65)
(negative 125)
Transition adjustment and other
–
–
3,337
–
–
143
–
–
–
–
Subtotal
(negative 5,743)
(negative 6,316)
2,963
(negative 3,614)
(negative 3,440)
(negative 2,491)
328
(negative 4,582)
1,787
614
Total
(negative 25,577)
(negative 6,218)
4,860
(negative 2,641)
36,491
5,771
(negative 1,515)
(negative 8,092)
(negative 1,085)
(negative 7,189)
Less:
Loans expected to be repaid from future appropriations
(negative 103)
(negative 64)
(negative 119)
(negative 1,519)
(negative 480)
353
221
218
264
204
Unamortized discounts and premiums
–
(negative 4)
(negative 32)
–
1
(negative 22)
5
1
(negative 1)
1
Total
(negative 25,474)
(negative 6,150)
5,011
(negative 1,122)
36,970
5,440
(negative 1,741)
(negative 8,311)
(negative 1,348)
(negative 7,394)
Other loans, investments and advances
Portfolio investments
2
–
12
5
–
10
5
–
5
–
National governments, including developing countries
235
69
40
18
(negative 7)
(negative 606)
22
(negative 49)
78
55
International organizations
(negative 454)
(negative 826)
(negative 704)
(negative 885)
(negative 900)
(negative 1,039)
(negative 972)
(negative 703)
(negative 888)
(negative 989)
Provincial and territorial governments
590
257
(negative 849)
803
849
765
693
126
(negative 98)
(negative 16)
Other loans, investments and advances
(negative 4,926)
456
680
(negative 1,254)
(negative 1,049)
(negative 1,751)
(negative 1,352)
32
760
(negative 1,242)
Total
(negative 4,553)
(negative 44)
(negative 821)
(negative 1,313)
(negative 1,107)
(negative 2,621)
(negative 1,604)
(negative 594)
(negative 143)
(negative 2,192)
Less: allowance for valuation
(negative 2,440)
(negative 326)
(negative 1,439)
(negative 436)
(negative 1,421)
(negative 1,135)
(negative 1,069)
(negative 856)
874
(negative 2,045)
Total
(negative 2,113)
282
618
(negative 877)
314
(negative 1,486)
(negative 535)
262
(negative 1,017)
(negative 147)
Total loans, investments and advances
(negative 27,587)
(negative 5,868)
5,629
(negative 1,999)
37,284
3,954
(negative 2,276)
(negative 8,049)
(negative 2,365)
(negative 7,541)
Pensions and other future benefits
Public sector pensions
3,704
4,873
4,530
5,635
3,457
1,638
1,061
505
(negative 757)
(negative 2,414)
Other employee and veteran future benefits
3,916
3,979
3,707
5,386
4,658
4,181
9,541
7,887
11,225
9,069
Total pensions and other future benefits
7,620
8,852
8,237
11,021
8,115
5,819
10,602
8,392
10,468
6,655
Other liabilities
Canada Pension Plan Account
85
(negative 152)
115
(negative 70)
72
72
(negative 177)
71
(negative 74)
131
Other liabilities
579
(negative 120)
503
(negative 817)
(negative 204)
16
(negative 223)
16
55
104
Total other liabilities
664
(negative 272)
618
(negative 887)
(negative 132)
88
(negative 400)
87
(negative 19)
235
Non-financial assets
Tangible capital assets
(negative 1,728)
(negative 2,614)
(negative 1,379)
(negative 1,194)
(negative 1,701)
(negative 1,405)
(negative 2,491)
(negative 3,838)
(negative 4,159)
(negative 5,107)
Inventories
156
(negative 638)
(negative 166)
(negative 458)
137
66
29
379
163
78
Prepaid expenses and other
(negative 300)
46
167
688
53
(negative 31)
96
(negative 86)
77
(negative 12)
Total non-financial assets
(negative 1,872)
(negative 3,206)
(negative 1,378)
(negative 964)
(negative 1,511)
(negative 1,370)
(negative 2,366)
(negative 3,545)
(negative 3,919)
(negative 5,041)
Other transactions
Taxes receivable
2,848
(negative 9,563)
(negative 7,380)
(negative 6,109)
(negative 374)
(negative 6,010)
(negative 7,349)
(negative 4,666)
(negative 12,521)
(negative 4,526)
Other accounts receivable
(negative 11)
(negative 127)
(negative 140)
(negative 58)
(negative 119)
675
(negative 7,108)
(negative 177)
(negative 4,064)
2,535
Provincial, Territorial and Aboriginal Tax Agreements Account
1,438
241
2,688
(negative 7,130)
(negative 1,584)
951
2,780
(negative 1,942)
5,034
(negative 351)
Amounts payable related to tax
(negative 2,594)
397
2,304
3,925
(negative 2,277)
3,598
(negative 2,501)
1,380
6,799
3,324
Other liabilities
7,252
(negative 2,242)
536
(negative 3,181)
(negative 2,992)
5,309
3,208
3,386
9,016
8,936
Total other transactions
8,933
(negative 11,294)
(negative 1,992)
(negative 12,553)
(negative 7,346)
4,523
(negative 10,970)
(negative 2,019)
4,264
9,918
Total non-budgetary transactions and non-financial assets
(negative 12,242)
(negative 11,788)
11,114
(negative 5,382)
36,410
13,014
(negative 5,410)
(negative 5,134)
8,429
4,226
Table 1.6 Government of Canada Consolidated Statement of Foreign Exchange, Unmatured Debt and Cash Transactions — detailed (in millions of dollars)
Year ended March 31
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Foreign exchange accounts
International reserves held in the Exchange Fund Account
(negative 2,507)
(negative 340)
(negative 8,100)
(negative 1,240)
(negative 13,984)
(negative 14,596)
(negative 9,418)
(negative 5,289)
1,238
(negative 1,770)
International Monetary Fund—Subscriptions
2,188
31
(negative 50)
148
(negative 1,189)
(negative 246)
(negative 9,041)
278
(negative 755)
198
International Monetary Fund—Loans
(negative 337)
(negative 802)
(negative 186)
(negative 132)
(negative 208)
312
75
153
350
229
Subtotal
(negative 656)
(negative 1,111)
(negative 8,336)
(negative 1,224)
(negative 15,381)
(negative 14,530)
(negative 18,384)
(negative 4,858)
833
(negative 1,343)
Less: International Monetary Fund
Special drawing rights allocations
(negative 7,766)
30
(negative 48)
139
(negative 1,118)
(negative 231)
(negative 493)
150
(negative 409)
107
Notes payable
2,351
416
202
398
(negative 760)
(negative 1,543)
(negative 9,370)
250
(negative 617)
1,300
Subtotal
(negative 5,415)
446
154
537
(negative 1,878)
(negative 1,774)
(negative 9,863)
400
(negative 1,026)
1,407
Total foreign exchange accounts
4,759
(negative 1,557)
(negative 8,490)
(negative 1,761)
(negative 13,503)
(negative 12,756)
(negative 8,521)
(negative 5,258)
1,859
(negative 2,750)
Unmatured debt
Payable in Canadian currency
Marketable bonds
72,776
48,118
32,060
20,899
4,280
14,562
16,187
32,212
38,688
(negative 5,442)
Treasury bills
(negative 16,426)
(negative 12,869)
241
17,468
(negative 27,699)
(negative 17,298)
2,408
(negative 1,400)
(negative 26,000)
23,600
Retail debt
(negative 677)
(negative 1,714)
(negative 1,219)
(negative 1,441)
(negative 1,154)
(negative 667)
(negative 584)
(negative 543)
(negative 1,947)
(negative 1,349)
Bonds for Canada Pension Plan
(negative 71)
(negative 425)
(negative 16)
(negative 11)
–
–
–
–
–
–
Subtotal
55,602
33,110
31,066
36,915
(negative 24,573)
(negative 3,403)
18,011
30,269
10,741
16,809
Payable in foreign currencies
(negative 2,138)
(negative 615)
3,087
87
5,228
4,237
2,215
(negative 4,873)
(negative 1,560)
(negative 38)
Cross-currency swap revaluation
(negative 7,923)
(negative 858)
643
1,029
5,745
4,343
1,722
(negative 627)
71
(negative 561)
Unamortized discounts and premiums on market debt
(negative 341)
607
190
7,526
(negative 47)
1,112
751
275
(negative 1,855)
(negative 1,304)
Obligation related to capital leases
(negative 94)
(negative 405)
(negative 52)
13
(negative 44)
107
(negative 233)
(negative 251)
(negative 23)
(negative 310)
Obligation under public-private partnership
–
190
263
464
262
(negative 174)
565
629
194
1,118
Total unmatured debt
45,106
32,029
35,197
46,034
(negative 13,429)
6,222
23,031
25,422
7,568
15,714
Cash and cash equivalents at end of year
In Canadian currency
28,124
13,902
16,493
27,130
31,415
34,716
36,022
35,353
34,110
36,840
In foreign currencies
326
421
650
211
14
283
2,548
1,147
532
795
Total cash and cash equivalents
28,450
14,323
17,143
27,341
31,429
34,999
38,570
36,500
34,642
37,635
Public Accounts of Canada 2019 Volume I—Bottom of the page Navigation
Date modified:
2019-12-12