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Consolidated Financial Information for Crown Corporations
(Third Quarter 2021-2022; in thousands of dollars)

OrgID Crown corporation Type of Crown corporation
table 1 note 1		 Financial year-end
table 1 note 2		 Reporting period Total assets
table 1 note 3		 Total liabilities
table 1 note 4		 Total equity
table 1 note 5		 Appropriations
table 1 note 6		 Revenues (third parties)
table 1 note 7		 Total revenues
table 1 note 8		 Total expenses
table 1 note 9		 Net income (loss)
table 1 note 10		 Total comprehensive income (loss)
table 1 note 10		 Borrowings
table 1 note 11		 Dividends
table 1 note 12		 Accounting standard
table 1 note 13		 Published
table 1 note 14
13 Atlantic Pilotage Authority Enterprise 31-Dec Period Ended Sept-30 22,620 9,341 13,279 0 20,804 20,804 19,752 1,052 1,052 3,748 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Period Ended Dec-31 1,550,017 8,670,787 (7,120,770) 607,749 107,652 715,401 802,865 (87,464) (87,464) 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Period Ended Sept-30 496,690,800 496,100,700 590,100 0 2,321,900 2,321,900 521,500 1,800,400 2,191,900 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Period Ended Dec-31 40,399,433 20,412,283 19,987,150 0 2,665,054 2,665,054 500,771 2,164,283 2,273,433 19,507,945 0 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Period Ended Dec-31 744,083 270,179 473,904 406,500 27,154 433,654 369,845 63,809 63,809 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Period Ended Dec-31 7,322,885 2,786,470 4,536,415 0 748,053 748,053 53,143 694,910 694,910 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Period Ended Sept-30 15,358,324 15,137,967 220,357 0 481,028 481,028 496,736 (15,708) 4,695 12,683,000 IFRS Yes
Canada Infrastructure Bank Consolidated 31-Mar Period Ended Dec-31 1,377,444 37,054 1,340,390 156,767 16,687 173,454 77,256 96,198 96,198 0 0 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Period Ended Dec-31 1,000,598 376,197 624,401 0 79,285 79,285 99,946 (20,661) (20,661) 307,507 10,000 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Period Ended Sept-30 300,457,000 287,206,000 13,251,000 2,391,000 5,555,000 7,946,000 6,506,000 1,440,000 1,361,000 273,195,000 0 IFRS Yes
43 Canada Pension Plan Investment Board N/A  31-Mar Period Ended Dec-31 686,597,000 136,222,000 550,375,000 0 52,586,000 52,586,000 2,034,000 50,552,000 50,552,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Period Ended Oct-2 11,298,000 8,096,000 3,202,000 0 7,515,000 7,515,000 7,724,000 (209,000) 4,080,000 998,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Period Ended Dec-31 598,646 593,022 5,624 562,181 1,378 563,559 564,203 (644) (7,882) 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Period Ended Dec-31 3,503,061 1,694,276 1,808,785 868,575 447,263 1,315,838 1,371,717 (55,879) 538,745 203,634 0 IFRS Yes
68 Canadian Commercial Corporation Consolidated 31-Mar Period Ended Dec-31 86,397 61,192 25,205 9,688 11,948 21,636 18,522 3,114 3,114 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Period Ended Apr-30 IFRS No
81 Canadian Museum for Human Rights Consolidated 31-Mar Period Ended Dec-31 280,230 267,269 12,961 23,257 6,221 29,478 28,130 1,348 1,348 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Period Ended Dec-31 315,969 239,516 76,453 63,135 5,972 69,107 64,076 5,031 5,031 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Period Ended Dec-31 25,464 8,861 16,603 8,727 1,382 10,109 9,034 1,075 1,075 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Period Ended Dec-31 189,776 182,156 7,620 32,431 4,078 36,509 29,105 7,404 7,404 0 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Period Ended Dec-31 29,704.58 845.22 28,859.36 1,237 1,297.59 2,534.59 1,571.61 962.98 962.98 0 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Period Ended Sept-30 21,617 21,430 187 47,956 1,467 49,423 85,715 (36,292) (36,292) 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Period Ended Dec-31 87,882 71,352 16,530 0 110,580 110,580 106,504 4,076 4,076 0 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Period Ended Sept-30 62,920,000 48,818,000 14,102,000 0 2,633,000 2,633,000 810,000 1,823,000 2,092,000 46,064,000 7,280,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Period Ended Dec-31 46,798,498 38,624,557 8,173,941 0 1,265,207 1,265,207 542,853 722,354 720,865 37,501,740 0 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Period Ended Dec-31 377,063 154,442 222,621 14,786 23,788 38,574 35,845 2,729 2,740 40,406 0 IFRS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Period Ended Jan-31 49,336 31,636 17,700 0 52,327 52,327 51,090 1,237 1,237 22,608 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Period Ended Sept-30 16,455 21,961 (5,506) 0 20,663 20,663 23,329 (2,666) (2,672) 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Period Ended Dec-31 108,390 89,880 18,510 100,600 52,183 152,783 150,550 2,233 2,233 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Period Ended Dec-31 746,685.74 125,296.60 621,389.14 185,821.51 846.28 186,667.79 175,246.68 11,421.10 11,421.10 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Period Ended Sept-30 40,187.93 15,172.54 25,015.39 0 70,618.23 70,618.23 72,479.83 (1,861.59) (1,861.59) 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Period Ended Dec-31 575,738 99,052 476,686 70,842 82,407 153,249 178,048 (24,799) (24,799) 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Period Ended May-31 PSAS-GNFPO No
219 National Capital Commission Consolidated 31-Mar Period Ended Dec-31 1,014,459 175,923 838,536 116,999 51,932 168,931 101,547 67,384 67,384 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Period Ended Dec-31 103,629 95,067 8,562 39,838 12,012 51,850 50,709 1,141 1,141 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Period Ended Dec-31 273,185 260,368 12,817 33,839 3,798 37,637 36,855 782 782 4,208 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Period Ended Sept-30 N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  IFRS No
281 Public Sector Pension Investment Plan N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  N/A  IFRS No
294 Royal Canadian Mint Enterprise 31-Dec Period Ended Oct-2 449,289 238,566 210,723 0 2,671,525 2,671,525 2,628,021 43,504 43,553 6,004 0 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Period Ended Dec-31 10,220 5,569 4,651 11,802 7,088 18,890 21,066 (2,176) (2,176) 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Period Ended Dec-31 81,818 38,923 42,895 80,620 13,552 94,172 88,076 6,096 6,096 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Period Ended Sept-30 1,989,570 1,860,953 128,617 361,328 75,728 437,056 434,434 2,622 287,505 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Period Ended Dec-31 2,551,765 888,230 1,663,535 368,000 1,901 369,901 135,642 234,259 234,259 0 0 PSAS Yes

Notes to the Consolidated Financial Report

Table 1 Note 1

For the purposes of Public Accounts, Crown corporations are classified in two groups: Enterprise and Consolidated. The consolidated Crown corporations rely on government funding as their principal source of revenue, whereas the enterprise Crown corporations do not rely on government funding to sustain their operations. There are, however, a couple of reporting exemptions. Although a Crown corporation, Canada Pension Plan Investment Board, manages on behalf of the Canada Pension Plan, funds that do not belong to the government, therefore, it is considered external (N/A) to the government reporting entity. The Public Sector Pension Investment Board is exempt (N/A) from the requirement to publicly disclose quarterly financial information. This information is only provided on March 31st, on an annual basis.

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Table 1 Note 2

Crown corporations have different calendar and financial year-ends, as is most appropriate for their operating environment.

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Table 1 Note 3

Total assets (both short-term and long-term) represent all assets reported by the corporation in its audited financial statements or non-audited quarterly financial report (i.e. cash, equipment, etc.).

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Table 1 Note 4

Total liabilities (both short-term and long-term) represent all liabilities reported by the corporation (i.e. payables, borrowings and other obligations).

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Table 1 Note 5

Equity (also referred to as “accumulated surplus or deficit”) includes share capital, contributed surplus, retained earnings, accumulated other comprehensive income and non-controlling interests, where applicable. Under Public Sector Accounting Standards for government-controlled not-for-profit organizations (PSAS-GNFPO), the equity may be referred to as “net assets” and it may include unrestricted and restricted assets, net assets invested in capital assets and other accumulated remeasurement gains (losses).

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Table 1 Note 6

Budgetary appropriations refer to parliamentary funding for capital and operating purposes recognized as revenue in the Statement of Operations. The appropriations may also include deferred capital funding amortized and recognized on the same basis and over the same periods as the related property, equipment and intangible assets.

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Table 1 Note 7

Revenues (third parties) include the revenues generated from the sale of goods and services, the investment income, other income and gains (i.e. revaluation gains, etc.). It may also include other funding (excluding budgetary appropriations) recognized as revenue or income.

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Table 1 Note 8

Total revenues include the third party revenues (or self-generated revenues, as defined above) and budgetary appropriations in respect of the current year’s operations.

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Table 1 Note 9

Expenses include cost of goods sold or cost of sales, operating and administrative expenses, other expenses and losses (i.e. revaluation losses, etc.), where applicable. The expenses do not include income taxes or final payments to provincial milk boards and agencies by the Canadian Dairy Commission or to fishers by the Freshwater Fish Marketing Corporation.

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Table 1 Note 10

Net income (loss) represents before-tax income or loss (where applicable), whereas the total comprehensive income (loss) includes other comprehensive income and any extraordinary items (i.e. income tax paid). In some cases, net income or other comprehensive income have been defined as the “excess of parliamentary appropriations over cost of operations”, “surplus”, “net result”, or as the “excess of proceeds over expenditures”. The figures presented match the reported figures directly (slight variances may exist due to rounding).

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Table 1 Note 11

Borrowings (with the third party and the government, as applicable) include both short- and long-term borrowings as of the reporting quarter. These include loans, advances from the Government of Canada and other debt-like instruments.

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Table 1 Note 12

Equity transactions with the government include dividends that were paid (not declared) during the year (year-to-date amounts). Dividends may be paid by the corporation to the Government of Canada before or after the corporation’s year-end. For the Bank of Canada, the reported dividend amounts represent the remittance of ascertained surplus to the Receiver General for Canada.

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Table 1 Note 13

Crown corporations use different reporting standards (International Financial Reporting Standards (IFRS), Public Sector Accounting Standards (PSAS) or Public Sector Accounting Standards for government-controlled not-for-profit organizations (PSAS-GNFPO)). No conversion to one or the other reporting standard was done for the purposes of presenting the financial information.

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Table 1 Note 14

A yes indicates the Crown Corporation has complied with the FAA 65.1 (3) “The appropriate Minister shall cause the report to be made public within 60 days after the end of the fiscal quarter to which the report relates”. TBD indicates the report is forthcoming and has yet to be published.

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2025-09-09