Crown Corporations Subject to Part X of the Financial Administration Act
Crown corporations subject to Part X of the Financial
Administration Act (FAA) are required to prepare annual reports (including the audited financial statements) and
summaries of their approved corporate plans and budgets for tabling in Parliament by the responsible Minister.
The annual report of each parent Crown corporation is to be submitted to the responsible minister within three months after the
end of the corporation's financial year, and the minister shall have a copy of the report laid before each House of Parliament on
any of the first 15 days on which that House is sitting after the minister receives the report.
Corporate plan, operating budget, capital budget or amended plan or budget summaries that are required to be tabled in each
House of Parliament are to be tabled on any of the first 30 days on which that House is sitting after:
- in the case of a summary of a corporate plan or amended plan, the approval of the plan by the Governor in Council in
accordance with section 122 of the FAA;
- in the case of a summary of an operating budget, capital budget or amended budget that is included in a corporate
plan, the approval referred to in paragraph (a); and
- in the case of a summary of an operating budget, capital budget or amended budget, other than such a budget
referred to in paragraph (b), the approval of the budget by the Treasury Board in accordance with section 123 or section 124
of the FAA, as the case may be.
The above reports, once tabled, stand permanently referred to the committee of Parliament that has been designated or
established to review matters relating to the businesses and activities of the corporation submitting the report.
Crown Corporations Not Subject to Part X of the Financial Administration Act
Crown corporations that are not subject to Part X of the FAA must also have their respective annual reports (including the
audited financial statements) tabled in Parliament. Other reporting requirements to Parliament by these corporations are governed
by the Act that established the corporation.
List of Current Crown Corporations
A list of Crown corporations and access to their web sites is available here.
President of the Treasury Board's Report
The President of the Treasury Board is required by Part X of the FAA to prepare and table annually in Parliament a report that
includes a list of all Crown corporations and other corporations in which the Crown has an interest, employment and financial
data, and such other information that the President may consider relevant. The President's Annual Reports are available by
clicking on the specific report below:
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