Cash and cash equivalents

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Cash consists of public moneys on deposit and cash in transit at March 31. Cash in bank consists of public moneys on deposit to the credit of the Receiver General for Canada, with the Bank of Canada, chartered banks and other financial institutions. Cash with the Bank of Canada includes operational balances and balances held for the Prudential Liquidity Fund. Cash in transit consists of public moneys received by public officers prior to April 1, but not deposited by that date as well as cash held by consolidated Crown corporations and other entities. Outstanding cheques and warrants are deducted to arrive at the closing cash balance.

Cash equivalents consist mainly of term deposits resulting from auctions administered by the Bank of Canada and the Department of Finance on behalf of the Minister of Finance. The short term deposits, denominated in Canadian dollars, are made from a portion of the daily surplus of cash balance and have a short term maturity, usually not exceeding 31 calendar days.

**Table 7.2**
**Cash and cash equivalents**
(in dollars)
Cash in bank
	2020	2019
Canadian currency^{Link to footnote 1}	30,438,068,251	23,526,364,074
Foreign currencies^{Link to footnote 2}	841,539,942	794,639,918
Special deposits^{Link to footnote 3}	75,000,000	75,000,000
Total cash in bank	31,354,608,193	24,396,003,992
Cash in transit
Cash in hands of collectors and in transit	6,418,087,547	8,560,450,710
Other cash—Consolidated Crown corporations and other entities^{Link to footnote 4}	1,208,059,000	984,028,000
Total cash in transit	7,626,146,547	9,544,478,710
Less: Outstanding cheques and warrants
Outstanding cheques^{Link to footnote 5}	5,088,360,084	4,750,061,543
Imprest account cheques^{Link to footnote 6}	5,281	4,796
Total outstanding cheques and warrants	5,088,365,365	4,750,066,339
Total cash	33,892,389,375	29,190,416,363
Cash equivalents	3,350,036,000	8,445,036,000
Total cash and cash equivalents	37,242,425,375	37,635,452,363
Table notes 1 Table note 1 Included in Canadian currency is $20 billion ($20 billion in 2019) with respect to the Prudential Liquidity Fund. Return to table note 1 referrer Table note 2 These balances denominated in US dollars include cash and cash equivalents which have been translated into Canadian dollars at March 31. Return to table note 2 referrer Table note 3 These are balances in the hands of financial institutions for the reimbursement of GST refund payments issued by the ministère du Revenu du Québec on behalf of the government. Return to table note 3 referrer Table note 4 These funds are not public moneys to the credit of the Receiver General for Canada but are for the exclusive use of consolidated Crown corporations and other entities. Return to table note 4 referrer Table note 5 Receiver General cheques issued in Canadian dollars, and outstanding are recorded in this account. Cheques outstanding for 10 years are transferred to other revenues. During the year, an amount of $70,300,062 ($65,086,396 in 2019) was transferred to other revenues. Cheques in foreign currencies are credited to the government's cash account at the time of issue. Return to table note 5 referrer Table note 6 Imprest account cheques issued and unpaid at March 31, with the exception of those outstanding for 10 years or more (which have been transferred to other revenues), are recorded in this account. Return to table note 6 referrer

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Date modified:: 2020-12-16

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Cash and cash equivalents

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