Government of Canada

Federal Trust Funds

What is a trust fund?

A third-party trust fund is a financial vehicle used by the Government of Canada to provide funding to provinces and territories.

A trust allows the federal government to pay and account for its expenditure in the requisite fiscal year and also offers flexibility to the beneficiaries (provinces and territories) to either draw down any fund immediately or over an allocated period, according to their respective priorities and accounting practices.

A trust agreement (contract) is required to establish a trust. The Government of Canada, as settlor of the trust agreement, provides funds to the trustee (a financial institution). The trustee is responsible for setting up the trust account(s), taking receipt of the funds, managing the funds, and disbursing the funds in accordance with the terms of the trust indenture or as directed by the beneficiaries (provinces and territories).

Trusts are established for a minimum of two years. The Government of Canada establishes a notional allocation profile for the lifespan of the trust, although beneficiaries have the flexibility to draw down funds according to their respective priorities to the end of the lifespan of the trust.

Summary of federal trusts

Approximately $27 billion to date, including over $2 billion in 2008.

  • 2008 Community Development Trust: $1 billion over 3 years
  • 2008 Public Transit Capital Trust: $500 million over 2 years
  • 2008 Saskatchewan Carbon Capture and Storage Demonstration Trust: $240 million over 4 years
  • 2008 Police Officers Recruitment Fund: $400 million over 5 years
  • 2007 Clean Air and Climate Change Trust: $1.519 billion over 3 years
  • 2007 Patient Wait Times Guarantee Trust: $612 million over 3 years
  • 2007 Human Papillomavirus Immunization Trust: $300 million over 3 years
  • 2007 Transition Trust: $614 million over 2 years
  • 2006 Post-Secondary Education Infrastructure Trust: $1 billion over 2 years
  • 2006 Public Transit Capital Trust: $900 million over 3 years
  • 2006 Affordable Housing Trust: $800 million over 3 years
  • 2006 Off-Reserve Aboriginal Housing Trust: $300 million over 3 years
  • 2006 Northern Housing Trust: $300 million over 3 years
  • 2005 Early Learning and Child Care Trust: $700 million over 2 years
  • 2005 Northern Strategy Trust: $120 million over 3 years
  • 2004 Wait Times Reduction Fund: $4.25 billion over 5 years
  • 2004 CHST Supplement Trust for Health: $2 billion over 2 years
  • 2004 Public Health and Immunization Trust: $400 million over 3 years
  • 2003 CHST Supplement Trust: $2.5 billion over 3 years;
  • 2003 Diagnostic/Medical Equipment Trust: $1.5 billion over 3 years
  • 2000 CHST Supplement Trust: $2.5 billion over 4 years
  • 2000 Medical Equipment Trust : $1 billion over 2 years
  • 1999 CHST Supplement Trust for Health Care: $3.5 billion over 3 years

Funding details of each trust fund are provided under their respective tables.

2008 Community Development Trust
Provincial/Territorial Allocation

($ millions)


2008-09

2009-10

2010-11

Total

 
Newfoundland and Labrador

7.9

7.8

7.8

23.4

Prince Edward Island

4.6

4.6

4.6

13.7

Nova Scotia

11.7

11.6

11.6

34.9

New Brunswick

10.0

10.0

9.9

30.0

Quebec

72.5

72.3

72.1

216.9

Ontario

118.9

119.2

119.5

357.7

Manitoba

14.0

14.0

13.9

41.9

Saskatchewan

12.2

12.1

12.0

36.4

Alberta

34.7

34.8

34.9

104.3

British Columbia

42.9

43.0

43.1

129.0

Yukon

1.3

1.3

1.3

3.8

Northwest Territories

1.4

1.4

1.4

4.2

Nunavut

1.3

1.3

1.3

3.8

 
TOTAL

333.3

333.3

333.3

1,000.0


Note: Totals may not add due to rounding.

Source: Population estimated by Finance Canada based on Statistics Canada data release of September 27, 2007.

Public Transit Capital Trust 2008
Provincial/Territorial Allocation

($ millions)


2008-09

2009-10

Total

 
Newfoundland and Labrador

3.8

3.8

7.6

Prince Edward Island

1.0

1.0

2.1

Nova Scotia

7.0

7.0

14.0

New Brunswick

5.6

5.6

11.3

Quebec

58.2

58.1

116.3

Ontario

97.3

97.6

194.9

Manitoba

9.0

8.9

17.9

Saskatchewan

7.5

7.4

14.9

Alberta

26.4

26.5

52.9

British Columbia

33.3

33.4

66.7

Yukon

0.2

0.2

0.5

Northwest Territories

0.3

0.3

0.6

Nunavut

0.2

0.2

0.5

 
TOTAL

250.0

250.0

500.0


Note: Totals may not add due to rounding.

Source: Population estimated by Finance Canada based on Statistics Canada data release of September 27, 2007.

2008 Saskatchewan Carbon Capture and Storage Demonstration Trust
Provincial Allocation

($ millions)


2008-09

2009-10

2010-11

2011-12

Total

 
Saskatchewan

60

60

60

60

240


Source: Population estimated by Finance Canada based on Statistics Canada data release of September 27, 2007.

2008 Police Officers Recruitment Fund
Provincial/Territorial Allocation

($ million)


2008-09

2009-10

2010-11

2011-12

2012-13

Total

 
Newfoundland and Labrador

1.3

1.3

1.1

1.1

1.1

5.9

Prince Edward Island

0.3

0.3

0.3

0.3

0.3

1.6

Nova Scotia

2.2

2.2

2.2

2.2

2.2

11.2

New Brunswick

1.8

1.8

1.8

1.8

1.8

8.8

Quebec

18.6

18.6

18.4

18.4

18.4

92.3

Ontario

31.0

31.0

31.2

31.4

31.4

156.0

Manitoba

2.9

2.9

2.9

2.9

2.9

14.4

Saskatchewan

2.4

2.4

2.4

2.2

2.2

11.7

Alberta

8.5

8.5

8.5

8.5

8.5

42.4

British Columbia

10.6

10.6

10.7

10.7

10.7

53.3

Yukon

0.160

0.160

0.160

0.160

0.160

0.800

Northwest Territories

0.160

0.160

0.160

0.160

0.160

0.800

Nunavut

0.160

0.160

0.160

0.160

0.160

0.800

 
TOTAL

80.0

80.0

80.0

80.0

80.0

400.0


Note: Totals may not add due to rounding.

Source: Finance Canada estimates using Statistics Canada population figures, released in September 2007.

2007 Clean Air and Climate Change Trust
Provincial/Territorial Allocation

($ millions)


2007-08

2008-09

2009-10

Total

 
Newfoundland and Labrador

7.7

7.7

7.6

23.0

Prince Edward Island

5.0

5.0

5.0

15.0

Nova Scotia

14.2

14.2

14.1

42.5

New Brunswick

11.4

11.3

11.3

34.0

Quebec

117.0

116.6

116.3

349.9

Ontario

194.9

195.4

195.9

586.2

Manitoba

18.0

17.9

17.9

53.8

Saskatchewan

15.0

14.8

14.6

44.4

Alberta

51.8

52.0

52.1

155.9

British Columbia

66.2

66.4

66.6

199.3

Yukon

1.7

1.7

1.7

5.0

Northwest Territories

1.7

1.7

1.7

5.0

Nunavut

1.7

1.7

1.7

5.0

 
TOTAL

506.3

506.3

506.3

1,518.9


Note: Totals may not add due to rounding.

2007 Patient Wait Times Guarantee Trust
Provincial/Territorial Allocation

($ millions)


Base Funding

2007-08

2008-09

2009-10

Total

 
Newfoundland and Labrador

10

5.9

5.9

5.9

17.7

Prince Edward Island

10

4.0

4.0

4.0

12.1

Nova Scotia

10

8.1

8.1

8.0

24.2

New Brunswick

10

7.1

7.1

7.1

21.3

Quebec

10

42.3

42.2

42.1

126.6

Ontario

10

68.3

68.5

68.6

205.4

Manitoba

10

9.3

9.3

9.3

27.9

Saskatchewan

10

8.3

8.3

8.2

24.8

Alberta

10

20.6

20.7

20.7

62.0

British Columbia

10

25.4

25.5

25.5

76.4

Yukon

4

1.5

1.5

1.5

4.5

Northwest Territories

4

1.5

1.5

1.6

4.6

Nunavut

4

1.5

1.5

1.5

4.5

 
TOTAL

112

204.0

204.0

204.0

612.0


Note: Provinces and territories that have committed to implement a Patient Wait Times Guarantee prior to the end of March 2007 will be eligible for funding under the trust. Base funding of $112 million will be allocated over 3 years, $10 million per province and $4 million per territory; remaining funding of $500 million will be allocated on an equal per capita basis over three years. Totals may not add due to rounding.

2007 Human Papillomavirus Immunization Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2007-08

2008-09

2009-10

Total

 
Newfoundland and Labrador

1.5

1.5

1.5

4.6

Prince Edward Island

0.4

0.4

0.4

1.3

Nova Scotia

2.8

2.8

2.8

8.5

New Brunswick

2.3

2.3

2.3

6.8

Quebec

23.4

23.3

23.3

70.0

Ontario

39.0

39.1

39.2

117.2

Manitoba

3.6

3.6

3.6

10.8

Saskatchewan

3.0

3.0

2.9

8.9

Alberta

10.4

10.4

10.4

31.2

British Columbia

13.2

13.3

13.3

39.9

Yukon

0.1

0.1

0.1

0.3

Northwest Territories

0.1

0.1

0.1

0.4

Nunavut

0.1

0.1

0.1

0.3

 
TOTAL

100.00

100.00

100.00

300.00


Note: Based on equal per capita allocation. Totals may not add due to rounding.

2007 Transition Trust
Provincial Allocation

($ millions)


2006-07

2007-08

Total

 
Ontario

271.0

303.0

574.0

Manitoba

12.4

9.2

21.6

Saskatchewan

10.5

8.0

18.5

 
TOTAL

293.9

320.2

614.1


Note: Outstanding commitment under the Canada-Ontario Agreement and the agreements with Manitoba and Saskatchewan for training.

2006 Post-Secondary Education Infrastructure Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2006-07

2007-08

Total

 
Newfoundland and Labrador

7.9

7.8

15.8

Prince Edward Island

2.1

2.1

4.3

Nova Scotia

14.4

14.4

28.8

New Brunswick

11.6

11.5

23.1

Quebec

117.4

117.1

234.5

Ontario

194.8

195.3

390.0

Manitoba

18.2

18.1

36.3

Saskatchewan

15.3

15.1

30.3

Alberta

50.6

50.7

101.3

British Columbia

66.1

66.3

132.3

Yukon

0.48

0.47

0.95

Northwest Territories

0.67

0.67

1.35

Nunavut

0.46

0.46

0.92

 
TOTAL

500.0

500.0

1,000.0


Note: Totals may not add due to rounding.

2006 Public Transit Capital Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2006-07

2007-08

2008-09

Total

 
Newfoundland and Labrador

4.8

4.7

4.7

14.1

Prince Edward Island

1.3

1.3

1.3

3.8

Nova Scotia

8.7

8.6

8.6

25.8

New Brunswick

6.9

6.9

6.8

20.7

Quebec

70.5

70.3

70.1

210.8

Ontario

116.9

117.2

117.5

351.5

Manitoba

10.9

10.9

10.8

32.6

Saskatchewan

9.2

9.1

9.0

27.2

Alberta

30.3

30.4

30.5

91.3

British Columbia

39.6

39.8

39.9

119.3

Yukon

0.29

0.28

0.28

0.85

Northwest Territories

0.40

0.40

0.41

1.21

Nunavut

0.28

0.28

0.28

0.83

 
TOTAL

300.0

300.0

300.0

900.0


Note: Totals may not add due to rounding.

2006 Affordable Housing Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2006-07

2007-08

2008-09

Total

 
Newfoundland and Labrador

4.8

4.7

3.1

12.6

Prince Edward Island

1.3

1.3

0.8

3.4

Nova Scotia

8.7

8.6

5.7

23.0

New Brunswick

6.9

6.9

4.6

18.4

Quebec

70.5

70.3

46.7

187.4

Ontario

116.9

117.2

78.3

312.3

Manitoba

10.9

10.9

7.2

29.0

Saskatchewan

9.2

9.1

6.0

24.2

Alberta

30.3

30.4

20.4

81.1

British Columbia

39.6

39.8

26.6

106.0

Yukon

0.29

0.28

0.19

0.76

Northwest Territories

0.40

0.40

0.27

1.08

Nunavut

0.28

0.28

0.18

0.74

 
TOTAL

300.0

300.0

200.0

800.0


Note: Totals may not add due to rounding.

2006 Off-Reserve Aboriginal Housing Trust
Provincial/Territorial Allocation

($ millions)


2006-07

2007-08

2008-09

Total

 
Newfoundland and Labrador

2.7

2.7

2.7

8.2

Prince Edward Island

0.2

0.2

0.2

0.7

Nova Scotia

2.6

2.6

2.6

7.8

New Brunswick

2.2

2.2

2.2

6.7

Quebec

12.7

12.7

12.7

38.2

Ontario

26.7

26.7

26.7

80.2

Manitoba

10.8

10.8

10.8

32.5

Saskatchewan

8.8

8.8

8.8

26.4

Alberta

16.1

16.1

16.1

48.4

British Columbia

17.0

17.0

17.0

50.9

 
TOTAL

100.0

100.0

100.0

300.00


Note: Population shares for Aboriginal Canadians living off-reserve based on 2001 census. Totals may not add due to rounding.

2006 Northern Housing Trust
Territorial Allocation

($ millions)


2006-07

2007-08

2008-09

Total

 
Yukon

16.7

16.7

16.7

50.0

Northwest Territories

16.7

16.7

16.7

50.0

Nunavut

66.7

66.7

66.7

200.0

 
TOTAL

100.0

100.0

100.0

300.0


Note: Totals may not add due to rounding.

2005 Early Learning and Child Care Trust
Equal per Capita
Provincial/Territorial Allocation

($ millions)


2004-05

2005-06

Total

 
Newfoundland and Labrador

3.2

8.0

11.3

Prince Edward Island

0.9

2.2

3.0

Nova Scotia

5.9

14.6

20.4

New Brunswick

4.7

11.7

16.4

Quebec

47.2

117.8

165.0

Ontario

77.6

194.3

271.9

Manitoba

7.3

18.3

25.6

Saskatchewan

6.2

15.5

21.7

Alberta

20.0

50.3

70.4

British Columbia

26.3

65.8

92.0

Yukon

0.2

0.5

0.7

Northwest Territories

0.3

0.7

0.9

Nunavut

0.2

0.5

0.7

 
TOTAL

200.0

500.0

700.0


Note: Based on equal per capita allocation. Funding of $700 million for 2004-05 and 2005-06 was paid into a third-party trust and accounted for by the Government of Canada in 2004-05. The provincial/territorial trust allocations are final and reflect the amounts set out in the trust indenture. Totals may not add due to rounding.

2005 Northern Strategy Trust
Annual Allocation

($ millions)


2005-06

2006-07

2007-08

Total

 
Yukon

13.3

13.3

13.3

40.0

Northwest Territories

13.3

13.3

13.3

40.0

Nunavut

13.3

13.3

13.3

40.0

 
TOTAL

40.0

40.0

40.0

120.0


Note: Totals may not add due to rounding.

2004 Wait Times Reduction Fund
Provincial/Territorial Allocation

($ million)


2004-05

2005-06

2006-07

2007-08

2008-09

Total

 
Newfoundland and Labrador

10

10

19

19

9

67

Prince Edward Island

3

3

5

5

3

18

Nova Scotia

18

18

35

34

17

123

New Brunswick

15

15

28

28

14

98

Quebec

148

147

282

281

140

999

Ontario

242

243

467

468

235

1,656

Manitoba

23

23

44

44

22

155

Saskatchewan

19

19

37

36

18

130

Alberta

63

63

121

122

61

430

British Columbia

82

82

158

158

79

560

Yukon

1

1

1

1

1

4

Northwest Territories

1

1

2

2

1

6

Nunavut

1

1

1

1

1

4

 
TOTAL

625

625

1,200

1,200

600

4,250


Note: Based on equal per capita allocation. Figures are based on Statistics Canada population estimates for 2004-05 and Finance Canada population projections for 2005-06 to 2008-09. Totals may not add due to rounding.

Funding of $4.25 billion for 2004-05 through 2008-09 will be paid into a third-party trust, to be accounted for by the Government of Canada in 2004-05. Total reflects provincial/territorial share of entire trust funding.

2004 CHST Supplement Trust for Health
Equal per Capita Provincial/Territorial Allocation

($ millions)


2004-05

2005-06

Total

 
Newfoundland and Labrador

16.3

16.2

32.4

Prince Edward Island

4.3

4.3

8.7

Nova Scotia

29.4

29.2

58.6

New Brunswick

23.6

23.4

46.9

Quebec

236.1

235.4

471.4

Ontario

388.2

389.5

777.7

Manitoba

36.7

36.5

73.2

Saskatchewan

31.2

30.9

62.0

Alberta

100.1

100.5

200.6

British Columbia

131.0

130.8

261.8

Yukon

1.0

1.0

2.0

Northwest Territories

1.3

1.3

2.7

Nunavut

0.9

1.0

1.9

 
TOTAL

1,000.0

1,000.0

2,000.0


Note: Based on notional allocation schedule of trust fund. Provinces and territories have the flexibility to draw down funds as they require up to the end of 2005-06. Totals may not add due to rounding.

2004 Public Health and Immunization Trust
Provincial/Territorial Allocation

($ millions)


2004-05

2005-06

2006-07

Total

 
Newfoundland and Labrador

2.1

2.2

2.2

6.5

Prince Edward Island

0.6

0.6

0.6

1.7

Nova Scotia

3.8

3.9

3.9

11.7

New Brunswick

3.1

3.2

3.1

9.4

Quebec

30.7

31.8

31.7

94.1

Ontario

50.5

52.6

52.8

155.8

Manitoba

4.8

4.9

4.9

14.6

Saskatchewan

4.1

4.2

4.1

12.3

Alberta

13.0

13.6

13.6

40.2

British Columbia

17.0

17.7

17.6

52.3

Yukon

0.1

0.1

0.1

0.4

Northwest Territories

0.2

0.2

0.2

0.5

Nunavut

0.1

0.1

0.1

0.4

 
TOTAL

130.0

135.0

135.0

400.0


Note: Totals may not add due to rounding.

2003 CHST Supplement Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2003-04

2004-05

2005-06

Total

 
Newfoundland and Labrador

16.8

16.6

8.2

41.6

Prince Edward Island

4.4

4.4

2.2

11.0

Nova Scotia

29.9

29.7

14.8

74.4

New Brunswick

23.9

23.8

11.8

59.5

Quebec

236.1

234.7

116.6

587.4

Ontario

385.5

387.0

194.2

966.6

Manitoba

36.4

36.2

18.0

90.7

Saskatchewan

32.0

31.8

15.8

79.6

Alberta

99.2

99.3

49.7

248.1

British Columbia

132.6

133.4

67.1

333.1

Yukon

0.9

0.9

0.5

2.3

Northwest Territories

1.3

1.3

0.7

3.3

Nunavut

0.9

0.9

0.5

2.3

 
TOTAL

1,000.0

1,000.0

500.0

2,500.0


Note: Based on notional allocation schedule of trust fund. Provinces and territories have the flexibility to draw down funds as they require up to the end of 2005-06. Total may not add due to rounding.

2003 Diagnostic/Medical Equipment Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2003-04

2004-05

2005-06

Total

 
Newfoundland and Labrador

8.4

8.3

8.2

24.9

Prince Edward Island

2.2

2.2

2.2

6.6

Nova Scotia

15.0

14.9

14.8

44.6

New Brunswick

12.0

11.9

11.8

35.6

Quebec

118.0

117.3

116.6

352.0

Ontario

192.8

193.5

194.2

580.4

Manitoba

18.2

18.1

18.0

54.3

Saskatchewan

16.0

15.9

15.8

47.7

Alberta

49.6

49.6

49.7

148.9

British Columbia

66.3

66.7

67.1

200.1

Yukon

0.5

0.5

0.5

1.4

Northwest Territories

0.7

0.7

0.7

2.0

Nunavut

0.5

0.5

0.5

1.4

 
TOTAL

500.0

500.0

500.0

1,500.0


Note: Based on notional allocation schedule of the trust fund. Provinces and territories had the flexibility to draw down funds as they required up to the end of 2005-06. Totals may not add due to rounding.

2000 CHST Supplement Trust
Notional Allocation

($ millions)


2000-01

2001-02

2002-03

2003-04

Total

Newfoundland and Labrador

17.5

8.6

8.5

8.4

42.9

Prince Edward Island

4.5

2.2

2.2

2.2

11.1

Nova Scotia

30.5

15.1

15.0

14.9

75.5

New Brunswick

24.5

12.1

12.0

11.8

60.4

Quebec

239.8

119.2

118.6

118.0

595.6

Ontario

378.9

190.4

191.0

191.7

951.7

Manitoba

37.2

18.5

18.3

18.2

92.2

Saskatchewan

33.4

16.5

16.4

16.2

82.6

Alberta

98.2

49.4

49.6

49.8

247.0

British Columbia

132.4

66.5

66.9

67.3

333.0

Yukon

0.9

0.5

0.5

0.5

2.3

Northwest Territories

1.4

0.7

0.7

0.7

3.5

Nunavut

1.0

0.5

0.5

0.5

2.4

 
TOTAL

1,000.0

500.0

500.0

500.0

2,500.0


Note: Totals may not add due to rounding.

2000 Medical Equipment Trust
Equal per Capita Provincial/Territorial Allocation

($ millions)


2000-01

2001-02

Total


Newfoundland and Labrador

8.8

8.7

17.4

Prince Edward Island

2.3

2.3

4.5

Nova Scotia

15.3

15.2

30.6

New Brunswick

12.3

12.2

24.5

Quebec

120.0

119.4

239.3

Ontario

189.6

190.3

379.9

Manitoba

18.7

18.6

37.3

Saskatchewan

16.7

16.6

33.3

Alberta

48.7

49.0

97.7

British Columbia

66.1

66.1

132.2

Yukon

0.5

0.5

1.0

Northwest Territories

0.7

0.7

1.4

Nunavut

0.4

0.5

0.9

 
TOTAL

500.0

500.0

1,000.0


Based on notional allocation schedule of the trust fund. Provinces and territories had the flexibility to draw down funds as they required up to the end of 2001-02. Totals may not add due to rounding.

1999 CHST Supplement Trust for Health Care
Provincial/Territorial Allocation

($ millions)


1999-00

2000-01

2001-02

Total


Newfoundland and Labrador

35.2

17.3

8.5

61.0

Prince Edward Island

9.0

4.5

2.2

15.7

Nova Scotia

61.4

30.5

15.2

107.1

New Brunswick

49.3

24.4

12.1

85.8

Quebec

481.8

239.6

119.1

840.5

Ontario

754.7

378.6

189.9

1,323.2

Manitoba

74.9

37.2

18.5

130.6

Saskatchewan

67.2

33.3

16.5

117.0

Alberta

192.1

96.1

48.1

336.4

British Columbia

267.7

135.2

68.2

471.1

Yukon

2.1

1.1

0.5

3.7

Northwest Territories

2.7

1.4

0.7

4.8

Nunavut

1.8

0.9

0.4

3.1

 
TOTAL

2,000.0

1,000.0

500.0

3,500.0


Note: Total may not add due to rounding.

- Major Federal Transfers -