Lost federal revenue, property, money jumps to $649.5-million in 2023-24: Public Accounts

Last year saw a considerable jump in lost federal revenue, from $14.3-million in 2022-23 to roughly $252.9-million.

The 2023-24 federal Public Accounts of Canada were tabled in the House of Commons on Dec. 17.The Hill Times photograph by Andrew Meade

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BY LAURA RYCKEWAERT

January 13, 2025

UPDATED January 14, 2025

A massive spike in reported lost federal revenue, combined with reported losses—accidental and otherwise—of public property and money, made 2023-24 a record year for such losses at close to $649.5-million overall, the highest such total in the last 10 years of federal pu...

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