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Government of Canada –
Financial Statements 2014-2015
By: Paul Young, CPA, CGA
Revenue
Revenue - Comments
Government Spending
Comments Spending
Expense Analysis
Expense Analysis
Ottawa Citizen Comment
Kevin Page - Comment
• Kevin Page comment is pure fear mongering with little in terms of facts
• Food Inspection - http://news.gc.ca/web/article-en.do?nid=906309
• Coast Guard – There are no cuts to the coast guard - http://www.dfo-
mpo.gc.ca/rpp/2015-16/so-rs-3.1-eng.html or http://news.gc.ca/web/article-
en.do?nid=995699
• EI Balance – there is no issues with EI - http://www.osfi-bsif.gc.ca/eng/oca-bac/ar-
ra/ei-ae/pages/ei2015.aspx#i
• OAS – changes have been made to the program which are gradually phased in over
time

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Government of canada – financial statements 2014 2015

Editor's Notes

  1. Scotiabank
  2. http://www.budget.gc.ca/2014/docs/plan/ch4-2-eng.html
  3. http://ottawacitizen.com/news/politics/federal-departments-left-8-7-billion-unspent-last-year How is there lapsing fund issue of $8.7B? The approved budget was $276B which spending being 3.6B higher. If you dig into the numbers then you will see only $2.3B relates to departments not spending to their budget limits or about 3% of direct program spending.