Canada Pension Plan

Marginal note:Annual financial statements

• 112 (1) The Minister shall, as soon as possible after the end of each fiscal year, prepare annual financial statements for the Canada Pension Plan in respect of that year setting out

  • (a) a statement of the amounts credited to or charged to the Canada Pension Plan Account and the Canada Pension Plan Investment Fund during the year;

  • (b) a statement consolidating the accounts of the Canada Pension Plan Account, the Canada Pension Plan Investment Fund and the Investment Board for the year; and

  • (c) any other accounts and information that the Minister considers appropriate to present fairly the financial transactions and the financial position of the Canada Pension Plan for the year.

• Marginal note:Reliance

  (2) In preparing the annual financial statements, the Minister may rely on the annual financial statements prepared under subsection 39(4) of the Canada Pension Plan Investment Board Act.

• Marginal note:Audit

  (3) The annual financial statements of the Canada Pension Plan shall be audited annually by the Auditor General of Canada and a report of the audit shall be made to the Minister.

• Marginal note:Duty to provide information

  (4) The Investment Board and its auditor shall provide the Auditor General of Canada with any records, accounts, statements or other information that in the opinion of the Auditor General of Canada are necessary to audit the annual financial statements of the Canada Pension Plan.