Employment Insurance Monitoring and Assessment Report 2014/2015 Annex 5 - Employment Insurance financial data
Annex 5.1 Employment Insurance Operating Account
Statement of Operations and Accumulated Surplus (Deficit) for the Year Ended March 311
2012/2013
2013/2014
2014/2015
($ Million)
Revenues and Funding
Premiums
20,795.7
22,160.2
22,962.3
Interest2
27.6
25.7
12.8
Penalties
59.1
41.0
39.7
Economic Action Plan Measures Funding (Budget 2009)3
(10.6)
0.0
0.0
Total Revenues and Funding
20,871.9
22,226.9
23,014.7
Expenditures4
Part I: Employment Insurance Benefits
15,240.9
15,520.2
16,235.8
Regular Benefits
10,503.6
10,497.8
10,885.7
Fishing Benefits
262.9
259.1
276.2
Work-sharing Benefits
25.6
21.1
18.1
Special Benefits for Insured Employees
4,441.1
4,733.9
5,046.8
Parental Benefits5
2,290.0
2,412.0
2,570.8
Sickness Benefits
1,165.3
1,271.6
1,357.4
Maternity Benefits
974.5
1,031.1
1,090.6
Other Special Benefits6
11.3
19.3
28.0
Special Benefits for Self-Employed
7.8
8.3
9.1
Part II: Employment Benefits and Support Measures
2,075.8
1,987.3
2,046.8
Employment Benefits7
1,925.4
1,872.0
1,930.7
Support Measures
150.4
115.3
116.1
Labour Market Partnerships
138.9
113.3
112.7
Research and Innovation
11.5
2.0
3.4
Benefit Repayments8
(217.7)
(206.9)
(230.4)
Administration Costs
1,791.1
1,680.2
1,657.1
Bad Debts
(3.0)
16.4
50.1
Total Expenditures
18,887.2
18,997.2
19,759.3
Net Surplus for the Year
1,984.7
3,229.7
3,255.4
Accumulated Deficit at Beginning of Year
(7,948.2)
(5,963.5)
(2,733.7)
Accumulated Surplus (Deficit) at Beginning of Year
(5,963.5)
(2,733.7)
521.7
Note: Totals may not add up due to rounding.
1 The terms used for accounting items referred to in this annex have been harmonized with the terminology used elsewhere in this report and may therefore differ from those appearing in the Public Accounts of Canada.
2 This interest includes interest accrued on overdue accounts receivable.
3 Budget 2009 included various temporary measures to support workers affected by the economic downtown. The cost of these measures was funded by the Consolidated Revenue Fund and was credited to the Employment Insurance Operating Account in addition to the other revenues. The negative amount in 2012/2013 corresponds to an amount that was recovered from a credit overeported in prior years, which was based on actual final cost of these measures.
4 Expenditures reported in Chapter II of this report are based on administrative data and may differ from the ones reported in the financial statements of the Employment Insurance Operating Account that are included in the Public Accounts of Canada, due to methodological differences.
5 Includes parental benefits paid to biological parents and adoptive parents.
6 Includes compassionate care benefits and benefits for parents of critically ill children.
7 These benefits correspond to transfer payments to provinces and territories related to labour market development agreements, net of previous fiscal years' overcontribution.
8 These repayments correspond to benefit repayments from higher income claimants.
Source: Government of Canada, Public Accounts of Canada 2015, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, December 2015); and Government of Canada, Public Accounts of Canada 2014, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, October 2014)
