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 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 have been established for a minimum of two years. The Government of Canada establishes a notional allocation profile for the lifespan of the trust, although beneficiaries maintain full flexibility over fund withdrawals over the lifespan of the trust.

Summary of federal trusts

  • 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
        ($ millions)
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
           ($ millions)
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
  ($ millions)
Saskatchewan 60 60 60 60 240

 

2008 Police Officers Recruitment Fund
Provincial/Territorial Allocation ($ million)
  2008-09 2009-10 2010-11 2011-12 2012-13 Total
  ($ millions)
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
Table title ($ millions)
  2007-08 2008-09 2009-10 Total
  ($ millions)
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
  ($ millions)
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 committed to implement a Patient Wait Times Guarantee prior to the end of March 2007 were eligible for funding under the trust.  Base funding of $112 million was allocated over 3 years, $10 million per province and $4 million per territory; remaining funding of $500 million was 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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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. 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
  ($ millions)
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
  ($ million)
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.
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
  ($ millions)
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 had 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
  ($ millions)
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
  ($ millions)
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 had 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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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
  ($ millions)
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.

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