Archived - Report on Plans and Priorities 2014–15: Supplementary Tables: page 1
Payments to the International Development Association
Fiscal Equalization (Part I—Federal-Provincial Fiscal Arrangements Act)
Territorial Formula Financing (Part I.1—Federal-Provincial Fiscal Arrangements Act)
Canada Health Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act)
Canada Social Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act)
Wait Times Reduction Transfer (Part V.1— Federal-Provincial Fiscal Arrangements Act)
Statutory Subsidies (Constitution Act, 1867; Constitution Act,1982; and other statutory authorities)
Youth Allowances Recovery (Federal-Provincial Fiscal Revision Act, 1964)
Alternative Payments for Standing Programs (Part VI—Federal-Provincial Fiscal Arrangements Act)
Additional Fiscal Equalization to Nova Scotia (Part I—Federal-Provincial Fiscal Arrangements Act)
Payments to the International Development Association
($ millions)
Name of transfer payment program: Payments to the International Development Association
Start date: 1960
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: This program provides encashment of demand notes to allow the International Development Association (IDA) to disburse concessional financing for development projects and programs in the world’s poorest countries.
Expected results: Payments to international organizations consistent with Government of Canada commitments
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 441.610 | 441.610 | 441.610 | 441.610 |
| Total transfer payments | 441.610 | 441.610 | 441.610 | 441.610 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: World Bank Group
Initiatives to engage applicants and recipients: Spring and annual World Bank Group meetings each year and IDA replenishment cycle negotiations every three years. The Official Development Assistance Accountability Act also requires broad consultations on Canada's Official Development Assistance, which includes contributions to the IDA, every two years.
Fiscal Equalization (Part I— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Fiscal Equalization (Part I—Federal-Provincial Fiscal Arrangements Act)
Start date: 1957
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: Formula-based Equalization payments are made to eligible provincial governments to enable them to provide reasonably comparable levels of public services at reasonably comparable levels of taxation. Equalization payments are unconditional.
Expected results: Timely and accurate administration of Equalization payments to provinces
| Forecast Spending 2013–14* |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 16,105.194 | 16,669.278 | 17,408.196 | 18,208.561 |
| Total transfer payments | 16,105.194 | 16,669.278 | 17,408.196 | 18,208.561 |
| * Forecast spending for 2013–14 excludes Total Transfer Protection payments of $55,806,000. | ||||
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Territorial Formula Financing (Part I.1 —Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Territorial Formula Financing (Part I.1—Federal-Provincial Fiscal Arrangements Act)
Start date: 1985
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: Territorial Formula Financing payments are made to territorial governments to provide the resources they need to deliver services comparable to those delivered by provincial governments, taking into account the high costs and unique challenges in the North. Territorial Formula Financing payments are unconditional.
Expected results: Timely and accurate administration of payments to territories
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 3,288.282 | 3,469.215 | 3,368.415 | 3,384.549 |
| Total transfer payments | 3,288.282 | 3,469.215 | 3,368.415 | 3,384.549 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Canada Health Transfer (Part V.1— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Canada Health Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act)
Start date: 2004
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: The Canada Health Transfer (CHT) provides equal per capita support for health care through cash and tax transfers to provincial and territorial governments. The CHT supports the government's commitment to maintain the Canada Health Act's national criteria (comprehensiveness, universality, portability, accessibility, and public administration), conditions, and prohibitions against user fees and extra-billing. Starting in 2014–15, this support will be equal per capita cash.
Expected results: Timely and accurate administration of CHT payments to provinces and territories
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 30,283.114 | 32,114.033 | 34,026.107 | 36,067.673 |
| Total transfer payments | 30,283.114 | 32,114.033 | 34,026.107 | 36,067.673 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Canada Social Transfer (Part V.1— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Canada Social Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act)
Start date: 2004
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: The Canada Social Transfer (CST) provides equal per capita cash support to provincial and territorial governments to assist them in financing social assistance and social services, post-secondary education, and programs for children. The CST gives provinces and territories the flexibility to allocate payments to those areas according to their own priorities and supports the government's commitment to prohibit minimum residency requirements for social assistance.
Expected results: Timely and accurate administration of CST payments to provinces and territories
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 12,215.271 | 12,581.729 | 12,959.181 | 13,347.956 |
| Total transfer payments | 12,215.271 | 12,581.729 | 12,959.181 | 13,347.956 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Wait Times Reduction Transfer ( Part V.1—Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Wait Times Reduction Transfer (Part V.1—Federal-Provincial Fiscal Arrangements Act)
Start date: 2004–05
End date: 2013–14
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: As part of the 10-Year Plan to Strengthen Health Care, the Government of Canada committed to support provinces and territories to help reduce wait times in the health care system—primarily in support of human resources and tools to manage wait times. A total of $4.25 billion was provided through a third-party trust fund in 2004 and was notionally allocated over five years, from 2004–05 to 2008–09. This amount has been paid in full. From 2009–10 to 2013–14, annual funding of $250 million will be provided to provinces and territories through a transfer on an equal per capita basis.
Expected results: Timely and accurate administration of payments to provinces and territories for targeted support
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 250.0 | — | — | — |
| Total transfer payments | 250.0 | — | — | — |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: Not applicable
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Statutory Subsidies ( Constitution Act,1867; Constitution Act, 1982; and other statutory authorities)
($ millions)
Name of transfer payment program: Statutory Subsidies (Constitution Act,1867; Constitution Act, 1982; and other statutory authorities)
Start date: 1867
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: The statutory subsidies provide a source of funding to provinces in accordance with their terms of entry into Confederation.
Expected results: Timely and accurate administration of payments to provinces
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 34.119 | 34.119 | 32.200 | 40.200 |
| Total transfer payments | 34.119 | 34.119 | 32.200 | 40.200 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Youth Allowances Recovery ( Federal-Provincial Fiscal Revision Act, 1964)
($ millions)
Name of transfer payment program: Youth Allowances Recovery (Federal-Provincial Fiscal Revision Act, 1964)
Start date: 1964
End date: Ongoing
Fiscal Year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: The Youth Allowances Recovery is a recovery from the Province of Quebec for an additional tax point transfer (three points) above and beyond the Canada Health Transfer and Canada Social Transfer tax point transfers. In the 1960s, Quebec chose to use the federal government's contracting-out arrangements for certain federal-provincial programs. Quebec continues to receive the value of these tax points through its own income tax system and reimburses the Government of Canada for the discontinued programs for which it had received a tax point transfer. Taken together, the Alternative Payments for Standing Programs and the Youth Allowances Recovery are known as the “Quebec Abatement.” These arrangements ensure that all provinces and territories are treated the same through cash and tax transfers in support of health and social programs.
Expected results: Timely and accurate administration of recoveries from the Province of Quebec
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | (777.616) | (815.902) | (877.429) | (921.339) |
| Total transfer payments | (777.616) | (815.902) | (877.429) | (921.339) |
Fiscal year of last completed evaluation: 2011−12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: Not applicable
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Alternative Payments for Standing Programs (Part VI— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Alternative Payments for Standing Programs (Part VI—Federal-Provincial Fiscal Arrangements Act)
Start date: 1977
End date: Ongoing
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: The Alternative Payments for Standing Programs is a recovery from the Province of Quebec for an additional tax point transfer (13.5 points) above and beyond the Canada Health Transfer and Canada Social Transfer tax point transfers. In the 1960s, Quebec chose to use the federal government’s contracting-out arrangements for certain federal-provincial programs. Since Quebec, like other provinces, receives its full cash entitlement under the Canada Health Transfer and Canada Social Transfer, the value of these tax points is reimbursed to the Government of Canada each year. Taken together, the Alternative Payments for Standing Programs and the Youth Allowances Recovery are known as the “Quebec Abatement.” These arrangements ensure that all provinces and territories are treated the same through cash and tax transfers in support of health and social programs.
Expected results: Timely and accurate administration of recoveries from the Province of Quebec
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | (3,536.340) | (3,702.944) | (3,979.532) | (4,179.877) |
| Total transfer payments | (3,536.340) | (3,702.944) | (3,979.532) | (4,179.877) |
Fiscal year of last completed evaluation: 2011−12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: Not applicable
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Debt Payments on Behalf of Poor Countries to International Organizations Pursuant to section 18(1) of the Economic Recovery Act (stimulus)
($ millions)
Name of transfer payment program: Debt Payments on Behalf of Poor Countries to International Organizations Pursuant to section 18(1) of the Economic Recovery Act (stimulus)
Start date: 2010
End date: 2054
Fiscal year for terms and conditions: 2010–11
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: Payments for Canada’s commitment to the G8-led Multilateral Debt Relief Initiative
Expected results: Payments to international organizations and Canadian creditors consistent with Government of Canada commitments
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 51.2 | 51.2 | 51.2 | 51.2 |
| Total transfer payments | 51.2 | 51.2 | 51.2 | 51.2 |
Fiscal year of last completed evaluation: 2009–10
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2014–15
General targeted recipient group: International organizations and Canadian creditors
Initiatives to engage applicants and recipients: Not applicable
Payment to Provinces Regarding Sales Tax Harmonization (Part III.1— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Payment to Provinces Regarding Sales Tax Harmonization (Part III.1—Federal-Provincial Fiscal Arrangements Act)
Start date: 2010
End date: 2014
Fiscal year for terms and conditions: Not applicable
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: Under this program, the Government of Canada makes payments to provinces that harmonize their provincial sales taxes with the Goods and Services Tax (GST). No payments are planned under this program for 2014–15.
Expected results: A more competitive and efficient sales tax system across Canada through the replacement of provincial retail sales taxes with value-added taxes harmonized with the GST, and the harmonization of the Quebec Sales Tax with the GST.
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 1,481.0 | — | — | — |
| Total transfer payments | 1,481.0 | — | — | — |
Fiscal year of last completed evaluation: Not applicable
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: Not applicable
General targeted recipient group: Provinces that harmonize their sales taxes with the GST
Initiatives to engage applicants and recipients: Comprehensive Integrated Tax Coordination Agreements are signed with harmonizing provinces and outline the signatories’ rights and obligations for harmonized taxes.
Additional Fiscal Equalization to Nova Scotia (Part I— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Additional Fiscal Equalization to Nova Scotia (Part I—Federal-Provincial Fiscal Arrangements Act)
Start date: 2008–09
End date: 2019–20
Fiscal year for terms and conditions: Not applicable
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: In Budget 2007, the Government of Canada introduced a new formula for Equalization (the current formula). Subsequently, the Province of Nova Scotia was guaranteed that on a cumulative basis beginning in 2008–09, the current formula would not reduce its Equalization payments and 2005 Offshore Accord payments when compared with what the province would have received under the formula that was in place when it signed its 2005 Offshore Arrangement with the Government of Canada.
Expected results: Timely and accurate administration of payments to the Province of Nova Scotia
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 260.257 | 138.275 | 122.000 | 72.000 |
| Total transfer payments | 260.257 | 138.275 | 122.000 | 72.000 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
Additional Fiscal Equalization Offset Payment to Nova Scotia ( Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act)
($ millions)
Name of Transfer Payment Program: Additional Fiscal Equalization Offset Payment to Nova Scotia (Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act)
Start date: 2005–06
End date: 2019–20
Fiscal year for terms and conditions: Not applicable
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: On February 14, 2005, the Government of Canada signed offshore arrangements with the governments of Nova Scotia and Newfoundland and Labrador. These arrangements guaranteed that for those two provinces, their Equalization payments would not be reduced because of offshore oil and gas revenues that entered the Equalization formula.
For Nova Scotia, the cumulative drawdown has exceeded the advance payment of $830 million, and payments have been made starting in 2011–12.
Expected results: Timely and accurate administration of payments to the Province of Nova Scotia
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 89.461 | 64.481 | 60.000 | 40.000 |
| Total transfer payments | 89.461 | 64.481 | 60.000 | 40.000 |
Fiscal year of last completed evaluation: 2011–12
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2016–17
General targeted recipient group: Other levels of government
Initiatives to engage applicants and recipients: Not applicable
International Bank for Reconstruction and Development for the Agriculture Advance Market Commitment ( Bretton Woods and Related Agreements Act, section 8)
(millions)
Name of transfer payment program: International Bank for Reconstruction and Development for the Agriculture Advance Market Commitment (Bretton Woods and Related Agreements Act, section 8)
Start date: 2010–11
End date: 2014–15
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: AgResults (formerly the Agriculture Advance Market Commitment) bridges the gap between public and private investment in the agriculture sector in support of global food security through the use of pull mechanisms, such as advanced market commitments, which make payment once results are achieved.
Expected results: Payments to international organizations consistent with Government of Canada commitments
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 10.0 | 10.0 | — | — |
| Total transfer payments | 10.0 | 10.0 | — | — |
Fiscal year of last completed evaluation: 2012–13
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: 2017–18
General targeted recipient group: World Bank Group
Initiatives to engage applicants and recipients: Not applicable
Incentive for Provinces to Eliminate Taxes on Capital (Part IV— Federal-Provincial Fiscal Arrangements Act)
($ millions)
Name of transfer payment program: Incentive for Provinces to Eliminate Taxes on Capital (Part IV—Federal-Provincial Fiscal Arrangements Act)
Start date: 2007–08
End date: 2010–11
Fiscal year for terms and conditions: Statutory commitment
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Transfer and Taxation Payment Programs
Description: Financial incentive encouraging provinces to eliminate provincial capital taxes or restructure an existing capital tax on financial institutions into a minimum tax.
Expected results: Increase the competitiveness of Canadian businesses by strengthening Canada’s business tax advantage
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | — | — | — | — |
| Total other types of transfer payments | 127.105 | — | — | — |
| Total transfer payments | 127.105 | — | — | — |
Fiscal year of last completed evaluation: Not applicable
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable): Not applicable
Fiscal year of planned completion of next evaluation: Not applicable
General targeted recipient group: Provinces
Initiatives to engage applicants and recipients: This measure was announced in Budget 2007, and the program had an applicable time frame from March 2007 to December 2010. Work to determine preliminary and final payments is ongoing with participating provinces.
Canadian Securities Regulation Regime Transition Office ( Canadian Securities Regulation Regime Transition Office Act)
($ millions)
Name of transfer payment program: Canadian Securities Regulation Regime Transition Office (Canadian Securities Regulation Regime Transition Office Act)
Start date: 2009–10
End date: 2014–15
Fiscal year for terms and conditions: 2013–14 for contribution program. Statutory commitment for other transfer payment.
Strategic outcome: A strong economy and sound public finances for Canadians
Program: Economic and Fiscal Policy Framework
Description: The Government of Canada proposed in Economic Action Plan 2013 to extend the mandate of the Transition Office to ensure that its resources remain available as work continues to strengthen the regulation of Canada's capital markets.
Following the September 19, 2013, agreement between British Columbia, Ontario and the Government of Canada to establish a cooperative capital market regulatory system, the Transition Office will work to support the transition toward the cooperative system. These funds will be used to finance the Transition Office's operations.
Expected results: Consistent with the agreement in principle between British Columbia, Ontario and the Government of Canada, the Transition Office will continue carrying out its purpose, including by supporting work toward the execution of a memorandum of agreement by each participating jurisdiction, the publication of initial draft regulations for the cooperative legislation for public comment, the execution of securities regulatory body integration agreements, and the enactment of provincial legislation and complementary federal legislation, culminating in the expected launch of the cooperative capital markets regulator by July 1, 2015.
| Forecast Spending 2013–14 |
Planned Spending 2014–15 |
Planned Spending 2015–16 |
Planned Spending 2016–17 |
|
|---|---|---|---|---|
| Total grants | — | — | — | — |
| Total contributions | 4.2 | — | — | — |
| Total other types of transfer payments | 5.8 | 9.1 | — | — |
| Total transfer payments | 10.0 | 9.1 | — | — |
Fiscal year of last completed evaluation: Not applicable
Decision following the results of last evaluation (continuation, amendment, termination, pending, or not applicable: Not applicable
Fiscal year of planned completion of next evaluation: Not applicable
General targeted recipient group: Canadian Securities Regulation Regime Transition Office
Initiatives to engage applicants and recipients: Not applicable
Page details
- Date modified: