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Payments to the Nova Scotia Offshore Revenue Account (Statutory)

General information

Name of transfer payment program Payments to the Nova Scotia Offshore Revenue Account (Statutory)
Start date 1993-94
End date Ongoing
Type of transfer payment Contribution
Type of appropriation Statutory
Fiscal year for terms and conditions Not applicable
Strategic Outcome 1 – Canada's Natural Resource Sectors are Globally Competitive
Link to department's Program Alignment Architecture 1.4 – Statutory Programs — Atlantic Offshore
Description The Minister of Natural Resources is responsible under section 219 of the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act to make payments to the province of Nova Scotia equivalent to the revenue amounts received by Canada in relation to offshore oil and gas activities in the Canada-Nova Scotia offshore. The federal Nova Scotia Offshore Revenue Account Regulations prescribe the time and manner for making the transfer payments. The funds are drawn from the Consolidated Revenue Fund.

This transfer payment program does not have any repayable contributions.
Results achieved Not Applicable
Comments on variances The difference between planned spending and actual  spending is mainly due to lower than anticipated production levels and gas prices which reduced royalties collected by the Federal government that were transferred through the Nova Scotia Offshore Revenue Account.
Audits completed or planned The 2016-17 OAG Audit of Public Accounts included NRCan’s Offshore Revenues and Transfers.
Evaluations completed or planned Not Applicable
Engagement of applicants and recipients Not Applicable

Performance Information (dollars)

Type of transfer payment 2014-15 Actual spending 2015–16 Actual spending 2016–17  Planned spending 2016–17 Total
authorities available for use
2016–17 Actual
spending (authorities used)
Variance (2016–17 actual minus 2016–17 planned)
Total grants   0 0 0 0  
Total contributions 72,159,315 28,114,347 14,828,231 12,960,118 12,960,118 (1,868,113)
Total other types of transfer payments 0 0 0 0 0 0
Total program 72,159,315 28,114,347 14,828,231 12,960,118 12,960,118 (1,868,113)



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