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Condensed Statement of Financial
Position At (March 31, 2009) |
% Change | 2009 | 2008 |
---|---|---|---|
Assets | |||
Total Assets | +146 | 144,039,291 | 58,526,784 |
Total | +146 | 144,039,291 | 58,526,784 |
Liabilities | |||
Total Liabilities | +30 | 523,766,016 | 403,311,572 |
Equity | |||
Total Equity | +10 | (379,726,725) | (344,784,788) |
Total | +146 | 144,039,291 | 58,526,784 |
Condensed Statement of Financial
Position At (March 31, 2009) |
% Change | 2009 | 2008 |
---|---|---|---|
Expenses | |||
Total Expenses | –3 | 76,728,369 | 79,388,617 |
Revenues | |||
Total Revenues | +12 | 5,439,058 | 4,830,065 |
Net Cost of Operations | –4% | 71,289,311 | 74,558,552 |
The significant increase in Total Assets is primarily attributable to the launch of the Consolidated Borrowing Program in April 2008. Crown corporations will no longer be issuing debt in the capital and money markets, but rather will be borrowing directly from the Government of Canada.
The increase in Total Liabilities is primarily attributable to the increase in Unmatured debt and other financial instruments.
The Department of Finance Canada's Unaudited Financial Statements for 2008–09 can be found online at http://www.fin.gc.ca/afc/pp-pr-eng.asp.
Table 1: Sources of Respendable and Non-Respendable Revenue
Table 2: Details on Transfer Payment Programs
Table 3: Horizontal Initiatives
Table 4: Sustainable Development Strategy
Table 5: Green Procurement
Table 6: Response to Parliamentary Committees and External Audits
Table 7: Internal Audits and Evaluations
The Supplementary Information Tables can be found online at http://www.tbs-sct.gc.ca/dpr-rmr/2008-2009/inst/fin/st-ts00-eng.asp.
[1]. http://www.tbs-sct.gc.ca/rpp/2008-2009/inst/fin/fin00-eng.asp
[2]. Federal responsibility for the Toronto Waterfront Revitalization Initiative was transferred from Environment Canada to the Department of Finance Canada in November 2008. Due to the timing of the transfer, reporting for fiscal year 2008–09 will be undertaken by Environment Canada, and reporting for 2009–10 and forward will be done by the Department of Finance Canada.
[3]. The Department of Finance Canada's actual spending in 2008–09 was $211 billion. This is an increase of $124 billion over 2007–08. The increase results from the government's announcement in Budget 2007 to meet the domestic borrowing needs of Farm Credit Canada, Business Development Bank of Canada, and the Canada Mortgage and Housing Corporation (CMHC) through direct lendingto reduce overall borrowing and improve the liquidity of the government securities market. Before this change, these Crown corporations obtained funding directly through the capital markets under their own name. Spending also included $55 billionto the CMHC's Insured Mortgage Purchase Programas part of the efforts to maintain the availability of longerterm credit in Canada in response to theglobalfinancial and economiccrisis in fall 2008.These expenditures were not included as part of planned spending in the Report on Plans and Priorities.
[4]. In accordance with input received from Treasury Board during the development of the Department's PAA, two of the Department's program activities have been designated as aligning with all government outcomes.
[5]. http://www.actionplan.gc.ca
[6]. Quote taken from the May 2009 IMF report entitled, Canada: 2009 Article IV Consultation—Staff Report.
[7]. For details on
income tax treaty developments, please see
http://www.fin.gc.ca/treaties-conventions/treatystatus_-eng.asp.
[8]. http://www.fin.gc.ca/n08/08-085-eng.asp
[9]. http://www.budget.gc.ca/2009/plan/bpc3f-eng.asp#1
[10]. http://www.ainc-inac.gc.ca/ai/mr/is/n-strat-eng.asp
[11]. Partners included the Bank of Canada, the Office of the Superintendent of Financial Institutions, Canada Deposit Insurance Corporation, Financial Consumer Agency of Canada, the Business Development Bank of Canada, Canada Mortgage and Housing Corporation, and Export Development Canada.
[12]. http://www.fin.gc.ca/ec2008/ec-eng.html
[13] http://www.budget.gc.ca
[14]. See Chapter 3 of Budget 2009 at www.budget.gc.ca.
[15]. http://www.fin.gc.ca/ec2008/ec-eng.html
[16]. See http://www.ifc.org/ifcext/about.nsf/Content/FinancialCrisis_GTLP.
[17]. http://go.worldbank.org/8P70EDTP80
[18]. http://www.reducingpaperburden.gc.ca
[19]. http://www.fin.gc.ca/n08/data/08-053_4-eng.asp
[20]. http://www.fin.gc.ca/n08/data/09-064_1-eng.asp
[21]. For details on other treaty or tax treatment agreements, please see http://www.fin.gc.ca/access/tt-it/aboriginaltax-eng.asp.
[22]. http://www.fin.gc.ca/pub/report-rapport/2009-2/index-eng.asp
[23]. For more information on other tax administration agreements, visit http://www.fin.gc.ca/access/tt-it/aboriginaltax-eng.asp.
[25]. http://www.budget.gc.ca/2009/plan/bpa4-eng.asp