amortization of unfunded liabilities

Furthermore, the target that was established in 2006 is for total government net debt on a national accounts basis (excluding government employee unfunded pension liabilities to conform with the Organisation for Economic Co-operation and Development measure of net debt), which includes not only the federal net debt, but also the net debt of provincial-territorial and local governments, as well as the assets of the Canada pension plan and Quebec pension plan.

(d) the undeducted balance of the original cost of the mine’s depreciable assets at the end of the fiscal year must be adjusted to exclude an amount equal to the original cost of the depreciable assets used to process minerals or processed minerals not produced from the mine multiplied by the ratio of the costs incurred under paragraphs (1)(a) to (f) during that fiscal year and all prior fiscal years for the processing through those assets of minerals or processed minerals not produced from the mine to the total costs incurred under those paragraphs during that fiscal year and all prior fiscal years for the processing through those asset ...[+++]s of all minerals and processed minerals at the mine.

The growing Liberal laundry list of unfunded spending commitments has included billions of dollars for everything including: a national government-run daycare scheme; a 45-day work year; a slew of new national strategies supported by permanent large bureaucracies; a supplementary Canada pension plan that in fact provincial governments disagree with, liberal provincial governments; subsidized overseas voyages for young Canadians; something called a secretariat of peace, order and good government; and the list goes on.

The United Kingdom puts forward that the ratio of pension deficit to EBITDA (= Earnings before Interest, Tax, Depreciation, and Amortisation) provides a measure of the relative burden of the pension liabilities and a company’s ability to fund such liabilities.