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Balance sheets of the Dominion of Canada, as at March 31, 1942 to 1946

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Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Balance sheets of the Dominion of Canada, as at March 31, 1942 to 1946
	1942	1943	1944	1945	1946
	$
Assets
Active assets
Cash	803,243,657	91,908,327	18,239,121	157,766,568	808,611,430
Departmental working capital advances	6,418,681	6,839,988	7,813,296	7,373,699	9,327,052
Loans and advances
To railway and shipping companies	446,938,591	576,663,686	572,756,589	656,364,583	699,528,379
To Foreign Exchange Control Board	725,000,000	400,000,000	585,000,000	850,000,000	1,550,000,000
To sundry government agencies	145,081,450	187,762,676	305,858,515	282,169,911	275,657,064
To provincial and municipal governments	163,990,778	163,092,312	162,655,193	178,253,940	173,903,894
To United Kingdom and other governments	152,169,281	999,904,469	1,190,124,511	1,151,852,580	817,311,425
Miscellaneous	29,412,032	32,961,699	28,405,282	35,066,038	19,513,724
Investments
Bank of Canada capital stock	5,920,000	5,920,000	5,920,000	5,920,000	5,920,000
Central Mortgage and Housing capital	-	-	-	-	25,000,000
Central Mortgage Bank capital stock	250,000	250,000	250,000	250,000	-
Canadian Farm Loan Board	36,537,282	34,029,927	29,025,335	24,024,189	21,623,227
Miscellaneous	41,873,851	34,228,796	190,160,114	343,712,367	162,169,357
Provincial debt accounts	2,296,152	2,296,152	2,296,152	2,296,152	2,296,152
Deferred charges—unamortized discounts and commissions on loans	55,575,167	74,958,535	81,660,678	86,739,038	92,551,071
Sundry suspense accounts	144,363	401,214,256	538,873,551	757,030,444	1,025,027,959
Total, active assets	2,614,851,385	3,012,030,823	3,719,038,337	4,538,819,509	5,688,440,734
Less—reserve for possible losses on ultimate realization of active assets	50,000,000	75,000,000	100,000,000	125,000,000	150,000,000
Net totals	2,561,851,285	2,937,030,823	3,619,038,337	4,413,819,509	5,538,440,734
Balance of liabilities over active assets, being net debt March 31	4,045,221,161	6,182,849,101	8,740,084,893	11,298,362,018	13,421,405,449
Total, gross debt	6,610,072,446	9,119,879,924	12,359,123,230	15,712,181,527	18,959,846,183
Net debt
Non-active assets
Public works, canals	240,303,982	240,261,818	240,257,732	240,237,152	240,214,718
Public works, railways	425,957,326	425,961,949	426,384,171	427,013,772	429,327,013
Public works, miscellaneous	307,901,876	311,112,485	313,178,675	315,005,210	316,847,001
Military property and stores	12,572,185	12,572,185	12,616,533	12,616,533	12,616,533
Territorial accounts	9,895,948	9,895,948	9,895,948	9,895,948	9,895,948
Canadian National Railways	62,791,435	62,791,436	62,791,435	62,791,435	62,791,435
Securities Trust stock	267,283,019	298,842,882	336,680,463	359,080,515	381,711,556
Canadian National Railways	18,000,000	18,000,000	18,000,000	18,000,000	18,000,000
Canadian National Steamships (loans non-active)	13,871,969	13,871,969	13,707,446	13,158,350	13,158,350
Miscellaneous investments and other accounts (non-active)	99,366,032	99,966,500	99,516,760	99,987,614	100,501,840
Total, non-active assets	1,457,943,772	1,493,277,172	1,533,029,163	1,557,786,530	1,585,064,394
Consolidated Deficit Account	2,587,277,389	4,689,571,929	7,207,055,730	9,740,575,488	11,836,341,055
Total, net debt	4,045,221,161	6,182,849,101	8,740,084,893	11,298,362,018	13,121,405,449
Liabilities¹
Floating debt	67,822,988	121,800,080	106,450,236	165,067,379	182,394,475
Deposit and trust accounts	341,240,964	617,426,832	862,876,698	993,601,448	1,366,378,362
Insurance, pension and guaranty accounts	293,972,430	326,837,109	366,640,537	406,471,918	457,993,538
Deferred credits	1,121,605	7,179,721	16,935,035	26,378,546	25,348,721
Sundry suspense accounts	3,097,731	37,097,518	36,031,174	81,334,200	66,491,899
Provincial debt accounts	11,919,969	11,919,969	11,919,969	11,919,968	11,919,969
Reserve for certain contingent liabilities	18,447,123	11,786,980	21,438,040	43,644,493	41,677,278
Reserve for conditional benefits—Veterans' Land Act, 1942	-	-	-	-	464,175
Funded debt, unmatured	5,872,449,636	7,985,831,715	10,936,831,541	13,983,763,575	16,807,177,765
Total, liabilities or gross debt	6,610,072,446	9,119,879,924	12,359,123,230	15,712,181,527	18,959,846,183
Notes: Dashes in this table indicate that the corresponding stub item is not applicable for those years.
Many terms used in the Canada Year Books are no longer used today for reasons such as their offensive connotations, changes in place name or organization name, or terms becoming obsolete. These terms have been left as they appear in the original yearbooks.
1. Direct liabilities only. Indirect liabilities or guarantees given by the Dominion of Canada are dealt with in table 26, p. 978 of Canada Year Book, 1947.
Source: Statistics Canada, Canada Year Book, 1947.