Copyright Board Canada
Canada



Section III: Supplementary Information

The future-oriented financial highlights presented within this RPP are intended to serve as a general overview of the Board's financial position and operations. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

Future-Oriented Financial Statements

The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of the Copyright Board's operations. The forecasted financial information on expenses and revenues are 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 the Board's website at: http://www.cb-cda.gc.ca.

Future-Oriented Condensed Statement of Operations
For the Year Ended March 31
(dollars)
Financial information Estimated Results
2013-14
Planned Results
2014-15
Change
Total expenses 3,516,203 3,506,118 (10,085)
Total revenues - - -
Net cost of operations 3,516,203 3,506,118 (10,085)
 

Total expenses are estimated in 2013-14, and planned for 2014-15, at essentially the same level of $3.5 million. Because the Copyright Board has no revenues, the net cost of operations was also constant at $3.5 million.

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 Evaluations viii publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.