Table of Contents
Future-Oriented Statement of Operations
The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of Transport Canada’s operations. The forecasted 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 statement of operations is prepared on an accrual accounting basis and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts will differ.
A more detailed future-oriented statement of operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, can be found on Transport Canada’s website.Endnote
Future-Oriented Condensed Statement of Operations
| Financial
Information |
Estimated Results
2013−14 |
Planned Results
2014–15 |
Change |
|---|---|---|---|
| Total expenses | 1,612,329 | 1,774,097 | 161,768 |
| Total revenues | 89,223 | 86,917 | -2,306 |
| Net cost of operations | 1,523,106 | 1,687,180 | 164,074 |
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 supplementary information tables listed in the 2014–15 Report on Plans and Priorities can be found on Transport Canada’s websiteEndnote .
- Details on Transfer Payment Programs (TPP);
- Disclosure of TPPs under $5 million;
- Greening Government Operations;
- Horizontal Initiatives;
- Upcoming Internal Audits and Evaluations over the next three fiscal years; and
- Status Report on Transformational and Major Crown Projects.
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 publishes cost estimates and projections for these measures annually in the Tax Expenditures and EvaluationsEndnote publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.