Western Economic Diversification Canada
Symbol of the Government of Canada

Common menu bar links

Report on Plans and Priorities 2016-17

Section III: Supplementary Information

Future-Oriented Condensed Statement of Operations

The Future-Oriented Condensed Statement of Operations provides a general overview of the Western Economic Diversification Canada's (WD) 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 2016-17 Report on Plans and Priorities are prepared on an expenditure basis, amounts may differ.

A more detailed Future-Oriented Statement of Operations and associated notes, including a reconciliation of the net cost of operations to the requested authorities, are available on WD's website.

Future-Oriented Condensed Statement of Operations
For the Year Ended March 31, 2016 (dollars)
Financial
Information
2015–16
Forecast Results
2016–17
Planned Results
Difference
(2016-17 Planned Results
minus 2015-16 Forecast Results)
Total expenses 137,290,351 163,137,857 25,847,506
Total revenues 1,172 1,244 72
Net cost of operations before government funding and transfers 137,289,179 163,136,613 25,847,434

WD's total expenses are $163.1 million in 2016–17, compared to $137.3 million in 2015–16. The majority of the $25.8 million increase in total expenses relates to the Canada 150 Infrastructure Program ($23.1 million or 90 percent).

Supplementary Information Tables

The supplementary information tables listed in the 2016–17 Report on Plans and Priorities are available on WD's website.

  • Departmental Sustainable Development Strategy
  • Details on Transfer Payment Programs of $5 Million or More
  • Disclosure of Transfer Payment Programs Under $5 Million
  • Upcoming Internal Audits and Evaluations Over the Next Three Fiscal Years
  • Up-Front Multi-Year Funding

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 each year in the Tax Expenditures and Evaluations publication. The tax measures presented in that publication are the responsibility of the Minister of Finance.

Section IV: Organizational Contact Information

Western Economic Diversification Canada

Suite 1500, 9700 Jasper Avenue
Edmonton, Alberta T5J 4H7

Telephone: 780-495-4164
Fax: 780-495-4557

Web: http://www.wd-deo.gc.ca/