Contractual rights

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Contractual rights are rights to economic resources arising from contracts or agreements that will result in both an asset and revenue in the future. These contractual rights can be classified into four categories: sales of goods and services, leases of property, royalties and revenue/profit-sharing arrangements and others.

All contractual rights of $10 million or more, per contract or per portfolio of agreements that are similar in nature, outstanding at year-end are reported.

In accordance with the Government's significant accounting policies, the contractual rights of consolidated Crown corporations are included with those of the Government.

Table 11.5
Sales of goods and services, leases of property, royalties and revenue/profit-sharing arrangements and other contractual rights as at March 31, 2019
(in millions of dollars)
  Outstanding revenueLink to footnote 1 Outstanding revenue to be earned by March 31
2020 2021 2022 2023 2024 2025 and subsequent
Sales of goods and services
Environment and Climate Change
Department of the Environment 39 15 14 10 – – –
Global Affairs
Canadian Commercial Corporation 62 20 16 14 11 1 –
Public Safety and Emergency Preparedness
Royal Canadian Mounted Police 36,215 2,330 2,399 2,470 2,544 2,620 23,852
Total—Sales of goods and services 36,316 2,365 2,429 2,494 2,555 2,621 23,852
Leases of property
Canadian Heritage and Multiculturalism
Canadian Broadcasting Corporation 431 9 10 10 10 11 381
National Capital Commission 95 6 20 1 2 7 59
Environment and Climate Change
Parks Canada AgencyLink to footnote 2 197 7 6 7 7 7 163
Global Affairs
Department of Foreign Affairs, Trade and Development 11 3 4 4 – – –
Public Services and Procurement
Department of Public Works and Government Services 11 1 – 1 – 1 8
Transport
Department of TransportLink to footnote 2 2,322 421 441 475 488 497 –
Total—Leases of property 3,067 447 481 498 507 523 611
Royalties and revenue/profit-sharing arrangements
Innovation, Science and Economic Development
National Research Council of Canada 20 2 3 2 2 1 10
Total—Royalties and revenue/profit-sharing arrangements 20 2 3 2 2 1 10
Other
Agriculture and Agri-Food
Department of Agriculture and Agri-Food 166 34 24 20 19 11 58
Environment and Climate Change
Parks Canada AgencyLink to footnote 3 10 2 2 2 2 2 –
Families, Children and Social Development
Department of Employment and Social Development 358 358 – – – – –
Innovation, Science and Economic Development
Department of Industry 154 14 15 15 14 14 82
National Defence
Department of National Defence 31 – – – – – 31
Natural Resources
Department of Natural Resources 326 15 14 15 14 14 254
Total—Other 1,045 423 55 52 49 41 425
Total 40,448 3,237 2,968 3,046 3,113 3,186 24,898

In addition to the contractual rights presented in Table 11.5, the Department of Natural Resources and the Parks Canada Agency have agreements that entitle them to future revenue based on a percentage of revenue or profits of the other party to the agreement, or based on receiving an amount for each unit of goods sold. Revenues have not been estimated due to uncertainty.

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