Employment Insurance Monitoring and Assessment Report for the fiscal year beginning April 1, 2016 and ending March 31, 2017

From: Employment and Social Development Canada

Annex 5.1 Employment Insurance operating account

**Statement of operations and accumulated surplus (deficit) for the year ended March 31¹**
Revenues and funding
	2014/2015	2015/2016	2016/2017
Premiums	22,962.3	23,491.1	22,537.4
Interest²	12.8	37.8	14.7
Penalties	39.7	57.2	51.3
Total revenues and funding	23,014.8	23,586.1	22,603.3
Expenditures³
Part-I: Employment Insurance benefits
Regular benefits	10,885.7	12,058.2	12,907.2
Fishing benefits	276.2	287.1	300.6
Work-sharing benefits	18.1	40.4	47.5
Special benefits for insured employees	5,046.8	5,238.2	5,529.2
Parental benefits⁴	2,570.8	2,633.1	2,721.3
Sickness benefits	1,357.4	1,444.0	1,560.3
Maternity benefits	1,090.6	1,124.2	1,172.0
Other special benefits⁵	28.0	36.8	75.5
Special benefits for self-employed	9.1	9.2	9.8
Total income benefits	16,235.8	17,632.9	18,794.3
Less: Benefit repayments⁶	(230.4)	(264.6)	(263.1)
Total Part-I: Employment Insurance benefits	16,005.4	17,368.3	18,531.2
Part-II: Employment benefits and support measures
Employment benefits⁷	1,930.7	1,938.7	2,067.4
Support measures	116.1	111.7	112.5
Labour market partnerships	112.7	110.3	106.7
Research and innovation	3.4	1.4	5.8
Total Part-II: Employment benefits and support measures	2,046.8	2,050.3	2,179.9
Administration costs	1,657.1	1,653.3	1,775.9
Bad debts	50.1	120.9	31.9
Total expenditures	19,759.3	21,192.9	22,518.9
Net surplus for the year	3,255.4	2,393.2	84.4
Accumulated surplus (deficit) at beginning of year	(2,733.7)	521.7	2,914.9
Accumulated surplus (deficit) at end of year	521.7	2,914.9	2,999.4

Note: Data may not add up to the total due to rounding.
¹ The terms used for accounting items referred to in this annex have been harmonized with the terminology used elsewhere in this report and may therefore differ from those appearing in the Public Accounts of Canada.
² This interest includes interest accrued on overdue accounts receivable.
³ Expenditures reported in Chapter II of this report are based on administrative data and may differ from the ones reported in the financial statements of the Employment Insurance Operating Account that are included in the Public Accounts of Canada, due to methodological differences.
⁴ Include parental benefits paid to biological parents and adoptive parents.
⁵ Include compassionate care benefits and benefits for parents of critically ill children.
⁶ These repayments correspond to benefit repayments from higher income claimants.
⁷ These benefits correspond to transfer payments to provinces and territories related to labour market development agreements, net of previous fiscal years’ over-contribution.
Source: Government of Canada, Public Accounts of Canada 2017, Volume-I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, October 2017; and Government of Canada, Public Accounts of Canada 2016, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, October 2016).