Grant and contribution program
Nonrecurring conditional transfer of Hibernia Net Profits Interest and Incidental Net Profits Interest to Newfoundland and Labrador
Department of Finance · General support to provinces and territories
In fiscal year 2023–24, Department of Finance paid out $280 million under Nonrecurring conditional transfer of Hibernia Net Profits Interest and Incidental Net Profits Interest to Newfoundland and Labrador. That is $9.35 per tax filer.
Headline figures
Fiscal year 2023–24
$280M
Per tax filer uses 29,965,100 tax filers (2023); per person uses a population of 40,022,704 (2023). An allocation of cost, not a tax bill.
Largest recipients
The largest named recipients of payments reported under this program in 2023–24. 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 John's, Newfoundland and Labrador | $280M | $9.35 |
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