Future-Oriented Statement of Operations
The future-oriented condensed statement of operations provides a general overview of Transport Canada’s operations. The forecast of financial information on expenses and revenues is prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.
Because the future-oriented condensed statement of operations is prepared on an accrual accounting basis, and the forecast and planned spending amounts presented in other sections of the Report on Plans and Priorities are prepared on an expenditure basis, amounts differ.
A more detailed future-oriented condensed statement of operations and associated notes, including a reconciliation of the net cost of operations to the requested authorities, can be found on the Transport Canada 2016-17 Report on Plans and Priorities website.
Future-Oriented Condensed Statement of Operations
For the Year Ended March 31
(in thousands of dollars)
|Net cost of operations before government funding and transfers||1,644,366||1,354,458||-289,908|
Note: Due to rounding the figures may not agree with the totals or details provided elsewhere. These figures are prepared on an accrual basis and therefore differ from the planned spending in other sections of this Report on Plans and Priorities.
Supplementary Information Tables
The following supplementary information tables listed in the 2016–17 Report on Plans and Priorities can be found on the Transport Canada 2016-17 Report on Plans and Priorities website:
- Details on transfer payment programs of $5 million or more;
- Disclosure of transfer payment programs under $5 million;
- Departmental Sustainable Development Strategy;
- Status report on transformational and major Crown projects; and
- Upcoming Internal Audits and Evaluations over the next three fiscal years.
Tax Expenditures and Evaluations
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and EvaluationsEndnotelxxxiii publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the responsibility of the Minister of Finance.