2024 Fiscal Year
Lazer Grant LLP Chartered Professional Accountants have conducted the annual audit and presented the financial statements for the fiscal year ended December 31, 2024. The audited financial statements were prepared in accordance with the Canadian accounting standards for not-for-profit organizations (ASNPO).
Summary of revenue
Revenue consists of core funding, other program revenues and Coordinated Programs revenues.
- Core funding is an agreed amount of funding by sector, and affiliate membership fees.
- Otherprogram revenue is sourced by the Federal and Provincial Governments, grower organizations, corporate sponsors, and service fees to fund specific projects and activities.
- Coordinated Programs are administered by the Canola Council. Coordinated Programs include the Canola Digest and Canola Agronomic Research Program.
2024 revenues – $18.02 million
2024 core revenues – $4.86 million
Use of core revenue and surplus – by pillar – $4.87 million
Other program revenues – $11.40 million
Coordinated programs – $1.76 million – revenues and expenditures
Coordinated Programs are administered by the Canola Council and funded by the following organizations:
Expenditures – $18.03 million
Detailed expenditures
Co-sponsored Programs
- Research Cluster
- Agri-Marketing Program
- On-Farm Climate Action Fund
For the year ended December 31, 2024, 56% (2023 – 35%) of total revenues and 63% (2023 – 47%) of total expenses are related to these co-sponsored programs..
For the year ended December 31, 2024, the Council exceeded its 2024 surplus requirement by $1,389,297.
Download audited financial statements
