Surge in lost public property sees total federal losses reach $730.4-million for 2024-25

Public property losses increased almost tenfold between 2023-24 and 2024-25—once again driven by a natural disaster—to total $374.8-million.

Roughly $282.1-million in public property damages due to the Jasper wildfire were reported by Parks Canada as part of the 2024-25 Public Accounts. Photograph courtesy of Jasper National Park

News

BY LAURA RYCKEWAERT

December 10, 2025

The federal government reported a notable drop in lost revenue in 2024-25, and a modest decrease in lost public money. But a surge in lost public property—largely due to the 2024 Jasper wildfire—means overall federal losses are up by almost 12.5 per cent, reaching $730.4...

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