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for the year ended March 31
(in thousands of dollars)

		2005	2004
Federal administered expenses
	Child tax benefits	8,687,760	8,061,931
	Children's special allowances	159,366	147,424
	Relief for heating expenses	5,562	6,855
Federal administered recoveries
	Old Age Security benefits	(745,144)	(718,107)
	Employment Insurance benefits	(154,276)	(114,374)
Net Expenses Administered for the Federal Government		7,953,268	7,383,729
Provincial and Territorial administered expenses
	Family benefit programs	226,781	263,466
	Nova Scotia taxpayer refund program	5,537	72,703
	Sales tax credits	45,456	38,074
Net Expenses Administered for Provinces and Territories		277,774	374,243
Total Net Administered Expenses		8,231,042	7,757,972
The accompanying notes are an integral part of these financial statements.