Grant and contribution program
(S) Hibernia Dividend Backed Annuity Agreement Payment
Department of Finance · General support to provinces and territories
In fiscal year 2024–25, Department of Finance paid out $185 million under (S) Hibernia Dividend Backed Annuity Agreement Payment, up from $138 million in 2023–24. That is $6.17 per tax filer.
Headline figures
Fiscal year 2024–25
$185M
Up $46.9M from $138M in 2023–24.
Per tax filer uses 29,965,100 tax filers (2023, the latest count published); per person uses a population of 41,162,593 (2024). An allocation of cost, not a tax bill.
Show these figures as a table
| Fiscal year | Spending |
|---|---|
| 2023–24 | $138M |
| 2024–25 | $185M |
Largest recipients
The largest named recipients of payments reported under this program in 2024–25. Location is the recipient's address, which is not always where the money is spent. Recipient payments can differ slightly from the program total above because the Public Accounts report them separately.
| Recipient | Location | Paid | Per tax filer |
|---|---|---|---|
| Province of Newfoundland and Labrador | St Johns, Newfoundland and Labrador | $185M | $6.17 |
Source and basis
- Detailed information on Transfer Payments, as per the Public Accounts of Canada, retrieved 2026-11-03. Open Government Licence - Canada.
- Recipients: Detailed information on Transfer Payments, as per the Public Accounts of Canada.
- Net expenditures of this transfer payment program in the Public Accounts. It overlaps with program spending, so do not add the two.
← All general support to provinces and territories spendingHow the figures are calculated