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.

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