About CDIC

Report on annual expenses for travel, hospitality and conferences 2019-2020

(C$ thousands)

Expenditure Category Expenditures for the year ended Variance
March 31, 2020 March 31, 2019
Travel: CDIC Employees 1,161 844 317
Travel: Non-CDIC Employees 6 18 (12)
Total Travel 1,167 862 305
Hospitality 138 64 74
Conferences Fees 21 18 3
Total Travel, Hospitality and Conference Fees 1,326 944 382

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, 2019, travel expenditures for CDIC employees increased due to increased headcount, increased domestic travel, including travel between offices, together with increased travel related to preparedness activities and engagement activities with key international stakeholders.

Travel: Non-CDIC Employees

Compared with the fiscal year ended March 31, 2019, travel expenditures for non-CDIC employees decreased primarily due to a decrease in core mandate activities being performed by external consultants.

Hospitality

Compared with the fiscal year ended March 31, 2019, CDIC hospitality expenditures were higher due to to the hosting of two biennial conferences in the current year which did not occur in the prior year together with an overall increase in the headcount.

Conferences Fees

Compared with the fiscal year ended March 31, 2019, the conference fees marginally increased due to new initiatives undertaken by the organization and an overall increase in the headcount.

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