|Expenditure Category||Expenditures for the year ended||Variance|
|March 31, 2021||March 31, 2020|
|Travel: CDIC Employees||12||1,161||(1,149)|
|Travel: Non-CDIC Employees||–||6||(6)|
|Total Travel, Hospitality and Conference Fees||12||1,326||(1,314)|
Significant variances compared with previous financial year
This section provides a brief explanation of significant variances from the previous year’s annual expenditures for each category.
Travel: CDIC Employees
Compared with the fiscal year ended March 31, 2020, travel expenditures for CDIC employees significantly decreased due to restrictions imposed on domestic and international travel as a result of COVID-19.
Travel: Non-CDIC Employees
No travel expenditures were incurred for non-CDIC employees for the fiscal year ended March 31, 2021 due to restrictions imposed on domestic and international travel as a result of COVID-19.
During the year ended March 31, 2021, no hospitality expenses were incurred as meetings and conferences were held virtually.
During the year ended March 31, 2021, no expenses were incurred for conference fees due to in-person meeting restrictions imposed as a result of COVID-19.