Future-Oriented Statement of Operations (unaudited) for the year ended March 31, 2027

Statement of management responsibility

Management is responsible for these future-oriented financial statements, including responsibility for the appropriateness of the assumptions on which these statements are prepared. These statements are based on the best information available and assumptions adopted as at December 31, 2025 and reflect the plans described in the Office of the Privacy Commissioner of Canada’s 2026-27 Departmental Plan.

The future-oriented financial information has been prepared by management in accordance with Treasury Board accounting policies which are consistent with Canadian public sector accounting standards.

Management is responsible for the information contained in the future-oriented financial information and for the process of developing assumptions. Assumptions and estimates are based upon information available and known to management at the time of development, reflect current business and economic conditions, and assume a continuation of current governmental priorities and consistency with the mandate and strategic objectives of the Office of the Privacy Commissioner.

Much of the future-oriented financial information is based on the assumptions, best estimates, and judgment and gives due consideration to materiality. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. However, as with all such assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.

The actual results achieved for the fiscal years covered in the accompanying future-oriented financial information will vary from the information presented and the variations may be material.

Gatineau, Canada

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Future oriented statement of operations (unaudited)

For the year ended March 31

(in thousands of dollars)	2025-26 Forecast Results	2026-27 Planned Results
Expenses
Protection of Privacy Rights Internal Services	30,899	30,645
Internal Services	11,562	11,474
Total Expenses	42,461	42,119
Revenues
Internal Support Services	156	200
Total Revenues	156	200
NET COST OF OPERATIONS BEFORE GOVERNMENT FUNDING AND TRANSFERS	42,305	41,919
The accompanying notes form an integral part of these future-oriented financial statements.

Notes to the future-oriented statement of operations (unaudited)

1. Methodology and Significant Assumptions

The future-oriented statement of operations has been prepared based on government priorities and departmental plans as described in the Departmental Plan of the Office of the Privacy Commissioner’s of Canada (The “Office”).

The information in the estimated results for fiscal year 2025-26 is based on actual results as at December 31, 2025 and on forecasts for the remainder of the fiscal year. Forecasts have been made for the planned results for the fiscal year 2026-27.

The main assumptions are as follows:

1. The Office’s activities will remain substantially the same as the previous year.
2. Expenses and revenues, including the determination of amounts internal and external to the government, are based on historical experience. The general historical pattern is expected to continue.

These assumptions are adopted as at December 31, 2025.

2. Variations and Changes to the Forecast Financial Information

Although every attempt has been made to accurately forecast final results for the remainder of 2025-26 and for 2026-27, actual results achieved for both years are likely to vary from the forecast information presented, and this variation could be material.

In preparing this future-oriented statement of operations, the Office has made estimates and assumptions concerning the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Factors that could lead to material differences between the future-oriented statement of operations and the historical statement of operations include:

1. the timing and amounts of acquisitions and disposals of property and equipment may affect gains/losses and amortization expense.
2. the implementation of new collective agreements.
3. other changes to the operating budget through additional new initiatives or technical adjustments later in the year.

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

3. Summary of Significant Accounting Policies

The future-oriented statement of operations has been prepared using Government’s accounting policies that came into effect for the 2025-26 fiscal year which are 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.

Significant accounting policies are as follows:

Expenses

Transfer payments are recorded as an expense in the year the transfer is authorized, and all eligibility criteria have been met by the recipient.

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 maintenance, 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, loans, investments and advances and inventory obsolescence, as well as utilization of inventories and prepaid expenses, and other are also included in other expenses.

Revenues

Revenues from Internal Support Services are recognized in the accounts based on the services provided in the year.

4. Parliamentary authorities

The Office is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the Office differs from financial reporting according to generally accepted accounting principles since 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, the Office 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:

a) Reconciliation of net cost of operations to requested authorities

(in thousands of dollars)	2025-26 Forecast Results	2026-27 Planned Results
Net cost of operations before government funding and transfers	42,305	41,919
Adjustments for items affecting net cost of operations but not affecting authorities:
Amortization of tangible capital assets	(586)	(609)
Services provided without charge by other government departments	(4,067)	(4,186)
Decrease in vacation pay and compensatory leave	94	90
Increase in employee future benefits	(4)	(4)
Total items affecting net cost of operations but not affecting authorities	(4,563)	(4,709)
Adjustments for items not affecting net cost of operations but affecting authorities: Acquisitions of tangible capital assets	55	350
Total items not affecting net cost of operations but affecting authorities	55	350
Requested authorities forecasted to be used	37,797	37,560

b) Authorities requested

(in thousands of dollars)	2025-26 Forecast Results	2026-27 Planned Results
Authorities requested
Vote 5 — Operating expenditures	33,684	33,232
Statutory amounts	4,113	4,328
Total authorities provided/requested	37,797	37,560