2024-25 Annual report

Financial highlights

Read the 2024-25 audited financial statements

Statement of operations and changes in net assets

Year ended March 31, 2025

Expenses20252024
Decrease risk of people getting cancer in Canada        3,681,283  2,381,154
Diagnose cancer faster, accurately and at an earlier stage 9,214,0884,943,768
Deliver high-quality care in a sustainable, world-class system 2,177,0001,415,758
Deliver supports for patients, families and caregivers 5,364,3561,902,124
Culturally appropriate care closer to home 5,464,5422,801,646
First Nations-, Inuit-, or Métis-governed research and data systems 2,231,591783,745
Transforming research into improved care 8,499,6327,727,850
Maximizing the impact of health system data to drive change and improving information flow among providers and patients 7,398,7204,526,999
Public engagement and outreach and cancer strategy program support 7,037,3546,000,931
51,068,56632,483,975
Operating expenses (Note 4)*10,680,86111,040,412
61,749,42743,524,387
Revenue20252024
Government of Canada (Note 6)*61,637,17842,537,277
Other funding112,249987,110
61,749,42743,524,387
Excess of revenue over expenses for the year, and net assets at the end of the year––
*Refer to the audited financial statements for full details on the note.

Statement of financial position

As at March 31, 2025

Assets

Current20252024
Cash 3,046,075 7,184,587 
Short-term investments 2,997,18810,584,961
Accounts receivable 574,285485,822
Projects in process – advances (Note 3)*1,040,126995,186
Prepaid expenses 2,060,5231,414,791
9,718,19720,665,347
Capital assets (Note 4)*1,535,2241,943,325
1,535,2241,943,325
11,253,42122,608,672

Liabilities and net assets

Current20252024
Accounts payable and accrued liabilities    5,625,9933,661,621 
Government remittances payable (Note 5)*52,07744,463
Deferred contributions – Expenses of future periods (Note 6 (a))*3,764,10216,644,680
9,442,17220,350,764
Deferred contributions – Capital assets (Note 6 (b))*1,275,7201,601,873
Lease inducements (Note 7)*535,529656,035
1,811,2492,257,908
11,253,42122,608,672
Net assets ––
11,253,42122,608,672
Commitments and Guarantees (Notes 9 and 10)*
*Refer to the audited financial statements for full details on the note.

Statement of cash flows

Year ended March 31, 2025

Increase (decrease) in cash

Operating activities20252024
Government of Canada contributions received (Note 6)*47,500,00047,500,000
Other contributions received 236,868898,549
Interest received on short-term investments 930,447806,061
Interest paid to Government of Canada –(64,151)
Cash paid for programs and operating expenses (60,613,830)(46,624,371)
11,946,5152,516,088
Investing activities20252024
Purchase of short-term investment–(6,000,000)
Redemption of short-term investment8,000,0004,000,000
8,000,000(2,000,000)
Financing activities20252024
Purchase of capital assets(191,997)(680,499)
(191,997)(680,499)
Increase (decrease) in cash (4,138,512)(164,411)
Cash, beginning of year 7,184,5877,348,998
Cash, end of year   3,046,0757,184,587
*Refer to the audited financial statements for full details on the note.