Ten-year comparative financial information

Public Accounts of Canada 2018 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
2009 2010 2011 2012Link to footnote 3 2013Link to footnote 4 2014 2015 2016 2017 2018
Revenues
Tax revenues
Income tax revenues
Personal 116,612 105,040 114,661 120,537 125,728 130,811 135,743 144,897 143,680 153,619
Corporate 31,243 32,247 31,953 33,641 34,986 36,587 39,447 41,444 42,216 47,805
Non-resident 6,298 5,293 5,137 5,300 5,073 6,404 6,216 6,505 7,071 7,845
Total 154,153 142,580 151,751 159,478 165,787 173,802 181,406 192,846 192,967 209,269
Other taxes and duties
Goods and services tax 25,740 26,947 28,379 28,370 28,821 30,998 31,349 32,952 34,368 36,751
Energy taxes 5,161 5,178 5,342 5,328 5,381 5,486 5,528 5,565 5,634 5,739
Customs import duties 4,036 3,490 3,520 3,862 3,979 4,239 4,581 5,372 5,478 5,416
Other excise taxes and duties 4,869 4,958 5,662 5,546 5,370 5,413 5,724 5,916 5,868 5,913
Total 39,806 40,573 42,903 43,106 43,551 46,136 47,182 49,805 51,348 53,819
Total tax revenues 193,959 183,153 194,654 202,584 209,338 219,938 228,588 242,651 244,315 263,088
Employment insurance premiums 16,887 16,761 17,501 18,556 20,395 21,766 22,564 23,070 22,125 21,140
Other revenues
Enterprise Crown corporations and other government business enterprises 5,917 4,552 9,590 7,983 7,543 7,966 9,306 7,916 5,655 7,731
Other 18,787 15,990 17,286 18,315 17,857 20,325 20,533 19,494 19,267 20,174
Net foreign exchange 1,736 1,647 1,809 1,669 1,502 1,682 1,355 2,322 2,133 1,473
Total other revenues 26,440 22,189 28,685 27,967 26,902 29,973 31,194 29,732 27,055 29,378
Total revenues 237,286 222,103 240,840 249,107 256,635 271,677 282,346 295,453 293,495 313,606
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance 33,377 34,653 35,629 38,045 40,255 41,786 44,103 45,461 48,162 50,644
Major transfer payments to other levels of government
Canada health transfer 22,759 24,820 26,031 27,174 28,912 30,543 32,114 34,025 36,057 37,124
Canada social transfer 10,568 10,858 11,179 11,514 11,860 12,215 12,582 12,959 13,348 13,748
Fiscal arrangements 12,164 13,490 13,826 15,259 15,595 15,610 16,271 16,893 17,145 17,575
Other major transfers 985 7,772 1,751 2,847 2,003 2,107 2,142 1,973 2,102 2,072
Subtotal 46,476 56,940 52,787 56,794 58,370 60,475 63,109 65,850 68,652 70,519
Employment insurance 16,308 21,586 19,850 17,647 17,099 17,300 18,052 19,419 20,711 19,715
Children's benefits 11,901 12,340 12,656 12,726 12,975 13,136 14,303 18,025 22,065 23,432
Other transfer payments 34,793 45,949 43,155 37,720 34,862 36,698 35,126 34,874 41,580 47,138
Total transfer payments 142,855 171,468 164,077 162,932 163,561 169,395 174,693 183,629 201,170 211,448
Other expenses 75,278 80,441 83,106 85,170 88,834 85,603 83,996 92,848 90,050 99,230
Total program expenses 218,133 251,909 247,183 248,102 252,395 254,998 258,689 276,477 291,220 310,678
Public debt charges 28,269 26,562 28,610 29,038 25,533 24,729 24,207 21,837 21,232 21,889
Total expenses 246,402 278,471 275,793 277,140 277,928 279,727 282,896 298,314 312,452 332,567
Annual deficit (negative 9,116) (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)
Accumulated deficit at beginning of year—as previously reported (negative 457,637) (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)
Accounting change and restatement—Public sector pensions (negative 875) (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 (negative 318) 211 2,142 (negative 2,292) 64 2,660 (negative 2,360) (negative 2,669) 1,857 (negative 753)
Accumulated deficit at end of year (negative 467,946) (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)

Table notes 1

The dash means that the amount is 0 or is rounded to 0.

Table 1.2
Government of Canada
Consolidated Statement of Financial Position—detailed
(in millions of dollars)
  As at March 31Link to footnote 5, Link to footnote 6
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Liabilities
Accounts payable and accrued liabilities
Amounts payable related to tax 50,845 48,251 48,648 50,952 54,877 52,600 56,198 53,697 55,077 61,876
Other accounts payable and accrued liabilities 31,401 40,311 38,246 42,342 31,480 27,120 28,792 33,232 34,431 44,576
Provision for contingent liabilities 12,657 13,214 12,900 12,804 12,262 11,135 11,757 12,562 16,511 23,030
Environmental liabilities and asset retirement obligations 6,342 6,602 7,745 8,362 10,600 11,143 12,296 13,282 12,599 12,291
Deferred revenue 5,835 5,294 4,788 4,164 3,570 4,147 9,348 10,158 9,238 8,361
Interest and matured debt 6,919 6,853 6,733 6,379 5,955 5,585 5,240 4,922 4,663 4,690
Total accounts payable and accrued liabilities 113,999 120,525 119,060 125,003 118,744 111,730 123,631 127,853 132,519 154,824
Interest-bearing debt
Unmatured debt
Payable in Canadian currency
Marketable bonds 295,186 367,962 416,080 448,140 469,039 473,319 487,881 504,068 536,280 574,968
Treasury bills 192,275 175,849 162,980 163,221 180,689 152,990 135,692 138,100 136,700 110,700
Retail debt 12,532 11,855 10,141 8,922 7,481 6,327 5,660 5,076 4,533 2,586
Bonds for Canada Pension Plan 523 452 27 11 – – – – – –
Subtotal 500,516 556,118 589,228 620,294 657,209 632,636 629,233 647,244 677,513 688,254
Payable in foreign currencies 10,381 8,243 7,628 10,715 10,802 16,030 20,267 22,482 17,609 16,049
Cross-currency swap revaluation 3,690 (negative 4,233) (negative 5,091) (negative 4,448) (negative 3,419) 2,326 6,669 8,391 7,764 7,835
Unamortized discounts and premiums on market debt (negative 4,751) (negative 5,092) (negative 4,485) (negative 4,295) 3,231 3,184 4,296 5,047 5,322 3,467
Obligation related to capital leases 4,184 4,090 3,685 3,633 3,647 3,603 3,710 3,477 3,226 3,203
Obligation under public-private partnership – – 190 453 917 1,179 1,005 1,570 2,199 2,393
Total unmatured debt 514,020 559,126 591,155 626,352 672,387 658,958 665,180 688,211 713,633 721,201
Pensions and other future benefits
Public sector pensions 144,145 147,849 152,722 157,252 162,886 167,281 169,244 170,681 171,447 170,914
Other employee and veteran future benefits 50,311 54,227 58,206 61,915 67,301 71,959 76,140 85,681 93,568 104,793
Total pensions and other future benefits 194,456 202,076 210,928 219,167 230,187 239,240 245,384 256,362 265,015 275,707
Canada Pension Plan Account 90 175 23 138 68 140 212 35 106 32
Other liabilities 5,833 6,412 6,292 6,795 5,978 5,774 5,790 5,567 5,583 5,638
Total interest-bearing debt 714,399 767,789 808,398 852,452 908,620 904,112 916,566 950,175 984,337 1,002,578
Total liabilities 828,398 888,314 927,458 977,455 1,027,364 1,015,842 1,040,197 1,078,028 1,116,856 1,157,402
Financial assets
Cash and accounts receivable
Cash and cash equivalents 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500 34,642
Taxes receivable 71,911 69,063 78,626 86,006 92,115 92,489 98,499 105,848 110,514 123,035
Other accounts receivable 3,251 3,692 3,958 4,513 4,698 4,656 3,198 10,270 11,041 15,529
Total cash and accounts receivable 122,147 101,205 96,907 107,662 124,154 128,574 136,696 154,688 158,055 173,206
Foreign exchange accounts
International reserves held in the Exchange Fund Account 51,194 53,701 54,041 62,141 63,381 77,365 91,961 101,379 106,668 105,430
International Monetary Fund—Subscriptions 12,011 9,823 9,792 9,842 9,694 10,883 11,129 20,170 19,892 20,647
International Monetary Fund—Loans – 337 1,139 1,325 1,457 1,665 1,353 1,278 1,125 775
Less: International Monetary Fund—Notes payable and special drawing rights allocations 11,496 16,911 16,465 16,311 15,773 17,651 19,425 29,288 28,888 29,914
Total foreign exchange accounts 51,709 46,950 48,507 56,997 58,759 72,262 85,018 93,539 98,797 96,938
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises 104,049 129,523 135,673 130,662 131,785 94,815 89,375 91,116 99,427 100,775
Other loans, investments and advances 21,044 23,158 22,876 22,258 23,134 22,820 24,306 24,841 24,579 25,596
Total loans, investments and advances 125,093 152,681 158,549 152,920 154,919 117,635 113,681 115,957 124,006 126,371
Public sector pension assets – – – – – 938 1,263 1,639 1,900 2,124
Total financial assets 298,949 300,836 303,963 317,579 337,832 319,409 336,658 365,823 382,758 398,639
Net Debt (negative 529,449) (negative 587,478) (negative 623,495) (negative 659,876) (negative 689,532) (negative 696,433) (negative 703,539) (negative 712,205) (negative 734,098) (negative 758,763)
Non-financial assets
Tangible capital assets 53,326 55,054 57,668 59,047 60,241 61,942 63,347 65,838 69,676 73,835
Inventories 6,348 6,192 6,830 6,996 7,453 7,316 7,250 7,221 6,842 6,679
Prepaid expenses and other 1,829 2,129 2,083 1,916 1,228 1,175 4,032 4,706 6,040 6,995
Total non-financial assets 61,503 63,375 66,581 67,959 68,922 70,433 74,629 77,765 82,558 87,509
Accumulated deficit (negative 467,946) (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)

Table notes 2

The dash means that the amount is 0 or is rounded to 0.

Table 1.3
Government of Canada
Consolidated Statement of Change in Net Debt—detailed
(in millions of dollars)
  Year ended March 31Link to footnote 7
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Net debt at beginning of year—as previously reported (negative 516,281) (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)
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 875) (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)
Net debt at beginning of year—as restated (negative 517,156) (negative 529,449) (negative 587,478) (negative 624,836) (negative 667,340) (negative 689,532) (negative 696,433) (negative 703,539) (negative 712,205) (negative 734,098)
International Financial Reporting Standards (IFRS) transition adjustment – – – (negative 3,337) – – – – – –
Change in net debt during the year
Annual deficit (negative 9,116) (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)
Change due to tangible capital assets
Acquisition of tangible capital assets (negative 6,249) (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)
Amortization of tangible capital assets 4,176 4,418 4,756 4,859 5,184 4,865 5,090 5,049 5,168 5,261
Proceeds from disposal of tangible capital assets 608 297 447 664 407 875 954 632 421 266
Net loss (gain) on disposal of tangible capital assets, including adjustments (negative 686) 693 244 74 390 (negative 312) (negative 245) (negative 157) (negative 880) 107
Total change due to tangible capital assets (negative 2,151) (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)
Change due to inventories (negative 100) 156 (negative 638) (negative 166) (negative 457) 137 66 29 379 163
Change due to prepaid expenses (negative 608) (negative 300) 46 167 688 53 (negative 2,857) (negative 674) (negative 1,334) (negative 955)
Net increase in net debt due to operations (negative 11,975) (negative 58,240) (negative 38,159) (negative 29,411) (negative 22,256) (negative 9,561) (negative 4,746) (negative 5,997) (negative 23,750) (negative 23,912)
Other comprehensive (loss) income (negative 318) 211 2,142 (negative 2,292) 64 2,660 (negative 2,360) (negative 2,669) 1,857 (negative 753)
Net increase in net debt (negative 12,293) (negative 58,029) (negative 36,017) (negative 31,703) (negative 22,192) (negative 6,901) (negative 7,106) (negative 8,666) (negative 21,893) (negative 24,665)
Net debt at end of year (negative 529,449) (negative 587,478) (negative 623,495) (negative 659,876) (negative 689,532) (negative 696,433) (negative 703,539) (negative 712,205) (negative 734,098) (negative 758,763)

Table notes 3

The dash means that the amount is 0 or is rounded to 0.

Table 1.4
Government of Canada
Consolidated Statement of Cash Flow—detailed
(in millions of dollars)
  Year ended March 31Link to footnote 8
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating activities
Annual deficit (negative 9,116) (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)
Non-cash items
Share of annual profit in enterprise Crown corporations and other government business enterprises (negative 4,773) (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)
Amortization of tangible capital assets 4,176 4,418 4,756 4,859 5,184 4,865 5,090 5,049 5,168 5,261
Net loss (gain) on disposal of tangible capital assets, including adjustments (negative 686) 693 244 74 390 (negative 312) (negative 245) (negative 157) (negative 880) 107
Cross-currency swap revaluation 5,110 (negative 7,923) (negative 858) 643 1,029 5,745 4,343 1,722 (negative 627) 71
Change in taxes receivable (negative 6,009) 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)
Change in pensions and other future benefits 8,309 7,620 8,852 6,898 11,020 8,115 5,819 10,602 8,392 10,468
Change in foreign exchange accounts (negative 9,410) 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
Change in accounts payable and accrued liabilities 3,536 6,434 (negative 1,603) 5,635 (negative 6,565) (negative 6,764) 10,855 2,739 3,120 21,241
Change in cash collateral pledged to counterparties – – – – – – – (negative 6,557) (negative 349) (negative 1,841)
Net change in other accounts 2,752 2,373 9 2,152 1,481 1,703 1,716 1,517 1,168 (negative 2,502)
Cash used by operating activities (negative 6,111) (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)
Capital investment activities
Acquisition of tangible capital assets (negative 6,249) (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)
Proceeds from disposal of tangible capital assets 608 297 447 664 407 875 954 632 421 266
Cash used by capital investment activities (negative 5,641) (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)
Investing activities
Enterprise Crown corporations and other government business enterprises
Equity transactions 1,495 (negative 3,226) 2,818 2,684 1,445 5,165 3,514 4,975 2,195 7,993
Issuance of loans and advances (negative 132,057) (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)
Repayment of loans and advances 60,688 99,921 76,677 65,286 66,156 110,259 88,168 52,699 48,703 39,884
Issuance of other loans, investments and advances (negative 6,910) (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)
Repayment of other loans, investments and advances 5,041 16,620 5,814 6,858 4,221 4,418 5,503 6,145 5,510 7,357
Cash provided (used) by investing activities (negative 71,743) (negative 27,614) 2,872 3,760 1,106 43,989 9,156 1,528 (negative 1,909) 4,978
Total cash (used) generated before financing activities (negative 83,495) (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)
Financing activities
Issuance of Canadian currency borrowings 531,668 554,892 553,464 567,707 579,456 512,009 468,021 452,850 507,483 441,307
Repayment of Canadian currency borrowings (negative 415,801) (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)
Issuance of foreign currency borrowings 24,500 22,212 8,195 12,743 7,782 12,011 16,961 26,817 21,702 15,847
Repayment of foreign currency borrowings (negative 23,616) (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)
Cash provided (used) by financing activities 116,751 53,370 32,280 34,364 37,480 (negative 19,127) 367 19,922 25,061 5,895
Net (decrease) increase in cash and cash equivalents 33,256 (negative 18,535) (negative 14,127) 2,820 10,198 4,088 3,570 3,571 (negative 2,070) (negative 1,858)
Cash and cash equivalents at beginning of year 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500
Cash and cash equivalents at end of year 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500 34,642

Table notes 4

The dash means that the amount is 0 or is rounded to 0.

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 9
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
Loans and advances
Canada Mortgage and Housing Corporation (negative 57,470) (negative 10,399) 2,693 2,974 3,472 41,951 10,465 177 720 1,124
Business Development Bank of Canada (negative 6,284) (negative 4,961) (negative 978) 662 (negative 653) (negative 1,106) (negative 1,356) (negative 1,266) (negative 1,869) (negative 1,659)
Farm Credit Canada (negative 7,610) (negative 4,481) (negative 1,627) (negative 1,768) (negative 1,848) (negative 855) (negative 662) (negative 747) (negative 2,246) (negative 2,324)
Other (negative 5) 7 10 29 2 (negative 59) (negative 185) (negative 7) (negative 115) (negative 13)
Subtotal (negative 71,369) (negative 19,834) 98 1,897 973 39,931 8,262 (negative 1,843) (negative 3,510) (negative 2,872)
Investments
Share of annual profit (negative 4,773) (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)
Other comprehensive loss (income) 318 (negative 211) (negative 2,142) 2,292 (negative 64) (negative 2,660) 2,360 2,669 (negative 1,857) 753
Dividends 2,095 1,391 2,818 2,028 1,445 5,215 2,341 4,002 2,320 8,058
Capital (negative 600) (negative 4,617) – 656 – (negative 50) 1,030 973 (negative 125) (negative 65)
Transition adjustment and other – – – 3,337 – – 143 – – –
Subtotal (negative 2,960) (negative 5,743) (negative 6,316) 2,963 (negative 3,614) (negative 3,440) (negative 2,491) 328 (negative 4,582) 1,787
Total (negative 74,329) (negative 25,577) (negative 6,218) 4,860 (negative 2,641) 36,491 5,771 (negative 1,515) (negative 8,092) (negative 1,085)
Less:
Loans expected to be repaid from future appropriations (negative 473) (negative 103) (negative 64) (negative 119) (negative 1,519) (negative 480) 353 221 218 264
Unamortized discounts and premiums 26 – (negative 4) (negative 32) – 1 (negative 22) 5 1 (negative 1)
Total (negative 73,882) (negative 25,474) (negative 6,150) 5,011 (negative 1,122) 36,970 5,440 (negative 1,741) (negative 8,311) (negative 1,348)
Other loans, investments and advances
Portfolio investments 6 2 – 12 5 – 10 5 – 5
National governments, including developing countries (negative 182) 235 69 40 18 (negative 7) (negative 606) 22 (negative 49) 78
International organizations (negative 905) (negative 454) (negative 826) (negative 704) (negative 885) (negative 900) (negative 1,039) (negative 972) (negative 703) (negative 888)
Provincial and territorial governments 217 590 257 (negative 849) 803 849 765 693 126 (negative 98)
Other loans, investments and advances (negative 1,005) (negative 4,926) 456 680 (negative 1,254) (negative 1,049) (negative 1,751) (negative 1,352) 32 760
Total (negative 1,869) (negative 4,553) (negative 44) (negative 821) (negative 1,313) (negative 1,107) (negative 2,621) (negative 1,604) (negative 594) (negative 143)
Less: allowance for valuation (negative 1,527) (negative 2,440) (negative 326) (negative 1,439) (negative 436) (negative 1,421) (negative 1,135) (negative 1,069) (negative 856) 874
Total (negative 342) (negative 2,113) 282 618 (negative 877) 314 (negative 1,486) (negative 535) 262 (negative 1,017)
Total loans, investments and advances (negative 74,224) (negative 27,587) (negative 5,868) 5,629 (negative 1,999) 37,284 3,954 (negative 2,276) (negative 8,049) (negative 2,365)
Pensions and other future benefits
Public sector pensions 5,899 3,704 4,873 4,530 5,635 3,457 1,638 1,061 505 (negative 757)
Other employee and veteran future benefits 2,410 3,916 3,979 3,707 5,386 4,658 4,181 9,541 7,887 11,225
Total pensions and other future benefits 8,309 7,620 8,852 8,237 11,021 8,115 5,819 10,602 8,392 10,468
Other liabilities
Canada Pension Plan Account (negative 16) 85 (negative 152) 115 (negative 70) 72 72 (negative 177) 71 (negative 74)
Other liabilities 44 579 (negative 120) 503 (negative 817) (negative 204) 16 (negative 223) 16 55
Total other liabilities 28 664 (negative 272) 618 (negative 887) (negative 132) 88 (negative 400) 87 (negative 19)
Non-financial assets
Tangible capital assets (negative 2,152) (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)
Inventories (negative 100) 156 (negative 638) (negative 166) (negative 458) 137 66 29 379 163
Prepaid expenses and other (negative 608) (negative 300) 46 167 688 53 (negative 2,857) (negative 674) (negative 1,334) (negative 955)
Total non-financial assets (negative 2,860) (negative 1,872) (negative 3,206) (negative 1,378) (negative 964) (negative 1,511) (negative 4,196) (negative 3,136) (negative 4,793) (negative 4,951)
Other transactions
Taxes receivable (negative 6,009) 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)
Other accounts receivable (negative 3) (negative 441) (negative 266) (negative 555) (negative 185) 42 1,458 (negative 7,072) (negative 771) (negative 4,488)
Provincial, Territorial and Aboriginal Tax Agreements Account (negative 168) 1,438 241 2,688 (negative 7,130) (negative 1,584) 951 2,780 (negative 1,942) 5,034
Amounts payable related to tax 1,835 (negative 2,594) 397 2,304 3,925 (negative 2,277) 3,598 (negative 2,501) 1,380 6,799
Other liabilities 1,869 7,682 (negative 2,103) 951 (negative 3,054) (negative 3,153) 7,352 3,942 5,228 10,472
Total other transactions (negative 2,476) 8,933 (negative 11,294) (negative 1,992) (negative 12,553) (negative 7,346) 7,349 (negative 10,200) (negative 771) 5,296
Total non-budgetary transactions and non-financial assets (negative 71,223) (negative 12,242) (negative 11,788) 11,114 (negative 5,382) 36,410 13,014 (negative 5,410) (negative 5,134) 8,429

Table notes 5

The dash means that the amount is 0 or is rounded to 0.

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
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Foreign exchange accounts
International reserves held in the Exchange Fund Account (negative 8,290) (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
International Monetary Fund—Subscriptions (negative 1,259) 2,188 31 (negative 50) 148 (negative 1,189) (negative 246) (negative 9,041) 278 (negative 755)
International Monetary Fund—Loans – (negative 337) (negative 802) (negative 186) (negative 132) (negative 208) 312 75 153 350
Subtotal (negative 9,549) (negative 656) (negative 1,111) (negative 8,336) (negative 1,224) (negative 15,381) (negative 14,530) (negative 18,384) (negative 4,858) 833
Less: International Monetary Fund
Special drawing rights allocations (negative 154) (negative 7,766) 30 (negative 48) 139 (negative 1,118) (negative 231) (negative 493) 150 (negative 409)
Notes payable 14 2,351 416 202 398 (negative 760) (negative 1,543) (negative 9,370) 250 (negative 617)
Subtotal (negative 140) (negative 5,415) 446 154 537 (negative 1,878) (negative 1,774) (negative 9,863) 400 (negative 1,026)
Total foreign exchange accounts (negative 9,409) 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
Unmatured debt
Payable in Canadian currency
Marketable bonds 41,636 72,776 48,118 32,060 20,899 4,280 14,562 16,187 32,212 38,688
Treasury bills 75,339 (negative 16,426) (negative 12,869) 241 17,468 (negative 27,699) (negative 17,298) 2,408 (negative 1,400) (negative 26,000)
Retail debt (negative 537) (negative 677) (negative 1,714) (negative 1,219) (negative 1,441) (negative 1,154) (negative 667) (negative 584) (negative 543) (negative 1,947)
Bonds for Canada Pension Plan (negative 519) (negative 71) (negative 425) (negative 16) (negative 11) – – – – –
Subtotal 115,919 55,602 33,110 31,066 36,915 (negative 24,573) (negative 3,403) 18,011 30,269 10,741
Payable in foreign currencies 883 (negative 2,138) (negative 615) 3,087 87 5,228 4,237 2,215 (negative 4,873) (negative 1,560)
Cross-currency swap revaluation 5,110 (negative 7,923) (negative 858) 643 1,029 5,745 4,343 1,722 (negative 627) 71
Unamortized discounts and premiums on market debt 1,462 (negative 341) 607 190 7,526 (negative 47) 1,112 751 275 (negative 1,855)
Obligation related to capital leases (negative 51) (negative 94) (negative 405) (negative 52) 13 (negative 44) 107 (negative 233) (negative 251) (negative 23)
Obligation under public-private partnership – – 190 263 464 262 (negative 174) 565 629 194
Total unmatured debt 123,323 45,106 32,029 35,197 46,034 (negative 13,429) 6,222 23,031 25,422 7,568
Cash and cash equivalents at end of year
In Canadian currency 46,989 28,124 13,902 16,493 27,130 31,415 34,716 36,022 35,353 34,110
In foreign currencies (negative 4) 326 421 650 211 14 283 2,548 1,147 532
Total cash and cash equivalents 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570 36,500 34,642
The dash means that the amount is 0 or is rounded to 0.

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