Annual Report on Travel, Hospitality and Conference Expenditures

Canada Deposit Insurance Corporation 2022 - 2023

As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on travel, hospitality and conference expenditures for Canada Deposit Insurance Corporation for the fiscal year ended March 31, 2023.

Travel, hospitality and conference expenditures incurred by a federal department or agency relate to activities that support the department or agency’s mandate and the government’s priorities.

Mandate:

CDIC's travel, hospitality, and conference expenditures incurred directly support the delivery of the following mandate: to provide insurance against the loss of part or all of deposits; to promote and otherwise contribute to the stability of the financial system in Canada; and act for the benefit of depositors while minimizing loss.

Canada Deposit Insurance Corporation Travel, Hospitality and Conference Expenditures for Year ending March 31, 2023

Travel, Hospitality and Conference Expenditures
Expenditure category	Expenditures for year ended March 31, 2023 ($ thousands)
Travel
Operational activities	$434.00
Key stakeholders	$170.00
Internal governance	$9.00
Training	$43.00
Other	$20.00
A. Total travel	$676.00
B. Hospitality	$61.00
C. Conference fees	$16.00
Total [A+B+C]	$753.00
International travel by minister and minister's staff (included in travel)	$0.00

Explanation of significant variances compared with previous fiscal year

Total travel:

Compared with the fiscal year ended March 31, 2022, travel expenditures for CDIC increased as travel restrictions on domestic and international travel were lifted given easing of COVID-19 restrictions.

Hospitality:

Compared with the fiscal year ended March 31, 2022, hospitality expenditures for CDIC increased due to lifting of COVID-19 public health restrictions and in-person meetings and conferences resumed.

Conference fees:

Compared with the fiscal year ended March 31, 2022, conference expenditures for CDIC increased due to lifting of COVID-19 public health restrictions and in-person conferences and summits resumed.