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Q-1204
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Thursday, May 21, 2026 |
With regard to the government's plan to create a $25 billion sovereign wealth fund: (a) what are the projected costs to establish the new Crown corporation that will manage the fund; (b) what are the projected annual costs associated with running the new Crown corporation and managing the fund, in total and broken down by type of expense (salaries, office space, etc.); (c) what financial guarantees or backstops are in place to protect taxpayers and the government's finances in the event that the fund loses value; (d) what is the breakdown of the specific surplus capital and other assets that will be used to provide the $25 billion in funding, including the estimated value of each; (e) has the government conducted any analysis on what impact spending $25 billion to create such a fund will have on Canada's credit rating, and, if so, who conducted the analysis and what were the findings; (f) how many employees is the new Crown corporation projected to have, in total and broken down by type of position; (g) what will the organizational structure be; and (h) what is the detailed timeline for the establishment of this new Crown corporation, including (i) when the management team and the board will be named, (ii) when the office will be up and running, (iii) when the $25 billion will be funded, (iv) any other significant events in the timeline? |
Awaiting response |
Monday, September 21, 2026 |
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Q-1065
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Tuesday, April 14, 2026 |
With regard to Canada's participation in the Asian Infrastructure Investment Bank: (a) what are the details of the current legal status of Canada's membership in the Asian Infrastructure Investment Bank, including (i) the date on which Canada formally notified the Asian Infrastructure Investment Bank of its intent to suspend activities with the bank, (ii) the effective date of Canada's suspension, (iii) if Canada intends to withdraw fully from the Asian Infrastructure Investment Bank, (iv) the total financial obligations that remain outstanding following Canada's suspension, including capital liabilities and current total value of Canada's shareholding in the Asian Infrastructure Investment Bank, (v) any continuing legal obligations Canada has to the Asian Infrastructure Investment Bank, (vi) whether any Canadian nationals remain employed at the Asian Infrastructure Investment Bank, and, if so, how many, (vii) the total amount of funds transferred from the Government of Canada or its agencies since June 14, 2023, (viii) whether Canada designated alternate representatives following the suspension of activities, and, if so, the nationality of are those representatives; (b) what are the details of any assessments, analyses, briefings, or intelligence reports any government department or agency has received since January 1, 2017, regarding connections between the Asian Infrastructure Investment Bank and the Chinese Communist Party including, for each, the (i) date, (ii) title, (iii) author, (iv) recipients, (v) type of document, (vi) summary of the contents; (c) have any Canadian ministers or senior officials been informed of any allegations or findings related to undue influence, direction or control exercised by the Chinese Communist Party over the governance, staffing, or operations of the Asian Infrastructure Investment Bank since January 1, 2017, and, if so, what are the details, including which ministers and officials were informed and on what dates; (d) has the government conducted or commissioned any internal or external reviews, audits, or investigations into allegations that the Asian Infrastructure Investment Bank operates as, or in coordination with, a Chinese Communist Party front organization, and, if so, what are the details of each, including (i) the titles and dates, (ii) who conducted them, (iii) whether national security agencies were involved, (iv) the key findings and recommendations, (v) any security, governance, or foreign interference concerns identified, (vi) if the government will table the full findings, and if not, why, (vii) which of the recommendations will be implemented; (e) what due diligence was conducted prior to Canada becoming a member of the Asian Infrastructure Investment Bank regarding risks of political influence or financial benefit to the Chinese Communist Party or its members; (f) since January 1, 2017, what information does the government have regarding any funds, contracts, loans, or procurement issued by the Asian Infrastructure Investment Bank that directly or indirectly benefited (i) the Chinese Communist Party, (ii) entities owned or controlled by the Chinese Communist Party, (iii) individuals identified as members of the Chinese Communist Party; (g) what monitoring mechanisms are in place to (i) monitor Asian Infrastructure Investment Bank activities, even through partner countries, (ii) ensure Canadian taxpayer funds associated with Canada's shareholding in the Asian Infrastructure Investment Bank are not used in ways that benefit the Chinese Communist Party or its affiliates, (iii) monitor whether Canadian funding provided through other multilateral institutions has been co-financed with Asian Infrastructure Investment Bank projects; (h) what measurable economic benefits, including job creation numbers, contracts awarded to Canadian firms, or investment returns, has Canada received since March 1, 2018, as a result of its participation in the Asian Infrastructure Investment Bank; and (i) what considerations, analyses, or recommendations has the government made regarding maintaining, divesting, or withdrawing from Canada's shareholding in the Asian Infrastructure Investment Bank? |
Answered |
Monday, June 1, 2026 |
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Q-1006
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Tuesday, March 24, 2026 |
With regard to Project Samara, the Bank of Canada’s distributed ledger technology pilot project involving tokenized bonds and the use of wholesale central bank digital currency: (a) who specifically authorized Project Samara, and how were the Minister of Finance and National Revenue, the Prime Minister, and their respective offices involved in the approvals process; (b) what is the total cost of Project Samara to date, including all expenditures by the Bank of Canada and participating Crown corporations, and were any funds from a government department or the Consolidated Revenue Fund used; (c) were any funds from a government department or the Consolidated Revenue Fund transferred to or used by participating non-government financial institutions; (d) how many tokenized or digital representations of Canadian dollars were created for the purposes of the project; (e) what is the current status of those tokenized or digital representations of Canadian dollars, including whether such tokenized or digital representations of Canadian dollars (i) remain in circulation within any testing environment, digital leger, or wallet that Project Samara partners have access to, (ii) have been burned, deactivated or otherwise destroyed, (iii) are currently being held on any ledger or in any wallet controlled by the Bank of Canada or other Government of Canada departments, agencies, or Crown corporations; (f) what governance, risk management, and legal frameworks were in place to authorize the minting and use of wholesale central bank digital currency instruments in Project Samara, and does the Bank of Canada plan to mint, or has the Bank of Canada already minted, more wholesale digital currency Canadian dollars for any purpose; (g) did the Minister of Finance and National Revenue or the Prime Minister receive briefings on Project Samara prior to its launch, during the project, or after the completion, and, if so, on what dates; (h) what role, if any, did federal financial regulators, such as the Office of the Superintendent of Financial Institutions, and other stakeholders such as Payments Canada, play in approving or overseeing the project; (i) what assessment has been made regarding the risks of extending wholesale central bank digital currency infrastructure into retail or the broader financial system; (j) what is the government’s position on the future use of wholesale central bank digital currencies in Canada’s financial system; (k) does the government or the Bank of Canada intend to expand, replicate, or operationalize any component of Project Samara or the use of wholesale central bank digital currencies; and (l) what safeguards are in place to ensure that pilot projects involving digital currencies do not proceed without appropriate transparency and oversight? |
Answered |
Monday, May 25, 2026 |
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Q-135
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Monday, June 9, 2025 |
With regard to the Statement of Transactions of the Government of Canada, for fiscal years 2025-26 to 2029-30, broken down by year:
what are the most up to date projections for (i) budgetary revenues, (ii) program expenses, excluding net actuarial losses, (iii) public debt charges, (iv) total expenses, excluding net actuarial losses, (v) budgetary balance before net actuarial losses, (vi) net actuarial losses, (vii) budgetary balance, (viii) total liabilities, (ix) financial assets, (x) net debt, (xi) non-financial assets, (xii) federal debt, (xiii) budgetary revenues as per cent of gross domestic product, (xiv) program expenses, excluding net actuarial losses as per cent of gross domestic product, (xv) public debt charges as per cent of gross domestic product, (xvi) budgetary balance as per cent of gross domestic product, (xvii) federal debt as per cent of gross domestic product, (xviii) personal income tax revenue, (xix) corporate income tax revenue, (xx) non-resident income tax, (xxi) goods and services tax revenue, (xxii) customs import duties revenues, (xxiii) other excise taxes/duties revenue, (xxiv) employment income premium revenues, (xxv) other and enterprise Crown corporations revenue, broken down by program or Crown corporation, (xxvi) the cost of indemnifying Bank of Canada loses? |
Answered |
Monday, September 15, 2025 |
