Future Oriented Statement of Operations for the year ended March 31, 2026

The Future-Oriented Statement of Operations has been prepared based on government priorities and Canadian Centre for Occupational Health and Safety (CCOHS) departmental plans as described in the 2025-26 Departmental Plan.

The information in the forecast results for fiscal year 2024-25 is based on actual results as of December 31, 2024, and on forecasts for the remainder of the fiscal year. Forecasts have been made for the planned results for fiscal year 2025-26.

The main assumptions underlying the forecasts are as follows:

• CCOHS’ activities will remain substantially the same as in previous year. However, in addition to core activities, CCOHS has launched the use of a new Business Safety Portal providing centralized access and curated health and safety resources relevant for small businesses across a variety of sectors. This new business is expected to result in additional revenues as well as related expenses.
• Expenses and revenues, including the determination of amounts internal and external to the government, are based on previous years trends and analysis. The general historical pattern is expected to continue with some variations based on the launch of the new Business Safety Portal.
• Estimated year-end information for 2024-25 is used as the opening position for fiscal year planned results.
• Non-cash items such as the employer’s contribution to health and dental and Insurance plans as well as accommodation have been included in the Future-Oriented Statement of Operations.

These assumptions are made as at December 31, 2024.

Although every attempt has been made to forecast final results for the remainder of 2024-25 and for 2025-26, actual results achieved for both years are likely to differ from the forecast information presented, and this variation could be material.

In preparing this Future-Oriented Statement of Operations, CCOHS has made estimates and assumptions about the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, and are continually evaluated.

Factors that could lead to material differences between the Future-Oriented Statement of Operations and the historical statement of operations include:

• the implementation of new collective agreements;
• economic conditions, which may affect both the amount of revenue earned and the collectability of receivables;
• the timing and the amount of capital asset acquisitions and disposals, which may affect gains, losses and amortization expense; and
• other changes to the operating budget, such as new initiatives or technical adjustments later in the fiscal year.

After the Departmental Plan is tabled in Parliament, CCOHS will not be updating the forecasts for any changes in financial resources made in ensuring supplementary estimates. Variances will be explained in the Departmental Results Report.

The Future-Oriented Statement of Operations has been prepared using the Government of Canada’s accounting policies in effect for fiscal year 2024-25 and is based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

1. Expenses
   • CCOHS records expenses on an accrual basis.
   • Other expenses are generally recorded when goods are received or services are rendered and include expenses related to personnel, professional and special services, repair and upkeep, utilities, materials and supplies, as well as amortization of tangible capital assets. Provisions to reflect changes in the value of assets or liabilities, such as provisions for bad debts, as well as utilization of prepaid expenses and other are also included in other expenses.
2. Revenues
   • Revenues from regulatory fees without performance obligations are recognized when there is authority to claim inflows of economic resources and the past transaction or event has occurred.
   • Funds received from external parties for specified purposes are recorded upon receipt as deferred revenue. These revenues are recognized in the period in which the related expenses are incurred.
   • Deferred revenue consists of amounts received prior to the provision of goods or services that will be recognized as revenue in a subsequent fiscal year as the performance obligations are met.
   • Other revenues are recognized in the period the event giving rise to the revenues occurred and future economic benefits are expected to be received.

CCOHS is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the department differs from financial reporting according to generally accepted accounting principles because authorities are based mainly on cash flow requirements. Items recognized in the Future-Oriented Statement of Operations in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, CCOHS has different net cost of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

1. Reconciliation of net cost of operations to requested authorities

   	Forecast results 2024-25	Planned results 2025-26
   	$	$
   Net cost of operations before Government funding	9,407,523	11,582,433
   Adjustments for items affecting net cost of operations but not affecting authorities:
   Revenue collected under 6(1)(g) of the CCOHS Act	7,555,386	8,042,920
   Amortization of tangible capital assets	(104,258)	(115,677)
   Services provided without charge from other Government departments	(1,761,548)	(1,862,132)
   Bad debts	-	-
   Total items affecting net cost of operations but not affecting authorities:	5,689,580	6,065,111
   Adjustments for items not affecting net cost of operations but affecting authorities:
   Add (deduct) change in:
   Increase in Prepaid Expenses	(40,714)	31,916
   Acquisition of tangible capital assets	26,297	40,000
   Total items not affecting net cost of operations but affecting authorities:	(14,417)	71,916
   Requested authorities	15,082,685	17,719,460

2. Authorities requested

   	Forecast results 2024-25	Planned results 2025-26
   	$	$
   Vote 1 - Program expenditures	6,320,572	6,320,572
   Vote 30 - Paylist requirements	385,484	-
   Statutory - Employee Benefit Plan	1,623,713	1,843,365
   Statutory authorities available for use in subsequent years from prior year	7,036,426	6,343,597
   Statutory revenues collected in current year (pursuant to section 6(1)(g) of the CCOHS Act)	7,555,386	8,042,920
   Adjustments *	(798,159)	(1,186,268)
   Authorities requested	22,123,422	21,364,186
   Less:
   Lapsed authorities	(697,140)	(697,140)
   CCOHS Respendable / Reinvestment Authorities available for use in subsequent years	(6,343,597)	(2,947,586)
   Total authorities requested	15,082,685	17,719,460

   * Fiscal 2024-25 and Fiscal 2025-26 to each include a reduction of parliamentary authorities in the amount of $146,363 related to the 2020-21 Employee Benefit Plan surcharges, leaving a remaining surcharge amount of $195,150 to be recovered in future years. Fiscal 2024-25 also includes a reduction of parliamentary authorities in the amount of $651,797 related to Employee Benefit Plan surcharges. Fiscal 2025-26 also includes a reduction of parliamentary authorities in the amount of $1,039,906 related to 2024-25 Employee Benefit Plan surcharges.