Questions and responses 45th Parliament, 1st session May 26, 2025, to present

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?

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?

With regard to funding provided through special warrants by the Governor General since Parliament was dissolved on March 23, 2025: (a) what were the dates and amounts of the funding provided through each warrant; (b) what is the detailed breakdown of how the funding in (a) was spent, including how much each department, program or government initiative received from each warrant; and (c) did any of the funding provided through the warrants go to any new government programs or initiatives, which were announced after January 1, 2025, and if so, what are the details of each instance, including the (i) amount, (ii) date of the funding, (iii) name or description of the program or initiative, (iv) date of the announcement?

With regard to Canadian airports and the proposed "Canada Strong Fund" announced in the Spring Economic Update 2026: (a) does the government intend for the fund to invest in, acquire equity stakes in, provide financing for, or otherwise support Canadian airports or airport infrastructure projects, and, if so, which airports, airport authorities, or airport-related projects are currently being considered; (b) what criteria will be used to determine whether airport projects are eligible for investment or financing through the fund; (c) will the government permit private-sector, pension fund, or foreign-investor participation in airport projects supported by the fund; (d) has the government conducted any analysis regarding the privatization, partial privatization, long-term leasing, or commercialization of Canadian airports in connection with the fund, and, if so, what are the details, including the findings of such analyses; and (e) what is the government's estimated appraisal value for the (i) land, (ii) infrastructure, at each airport, broken down by location and airport code?

With regard to all special warrants approved during the dissolution of Parliament in 2025: (a) for each special warrant approved due to "a payment is urgently required for the public good," as claimed by the government, what is the (i) date of the approval, (ii) department or agency that received the funding, (iii) specific amount approved, (iv) detailed explanation or justification provided for why the payment was urgently required for the public good; (b) for each special warrant approved for this reason, what are the details of all expenditures made under its authority, including the (i) date, (ii) amount, (iii) vendor or payee, (iv) description of the goods or services; and (c) what is the total amount approved via special warrants, broken down by department or agency, specifically for payments urgently required for the public good, during the dissolution of Parliament in 2025?

With regard to special warrants used for all grants and contributions during the dissolution of Parliament in 2025: (a) for each instance a special warrant was used to authorize grants and contributions, what was the (i) date the special warrant was issued, (ii) department or agency that received the funding, (iii) total amount of funding authorized, (iv) description of the grant or contribution program or initiative; and (b) for each grant and contribution program or initiative identified in (a), what (i) were the specific recipients of the funds, (ii) were the individual amounts received by each recipient, (iii) was the purpose of the funding?