Download PDF (619 ko )FSST and CSST Financial Statements 2007

Contributions from the FSST
In accordance with section 136.8 of the Act respecting occupational health and safety (R.S.Q.,
chapter S-2.1), the expenses related to the administration of the FSST are payable by the FSST.
The expenses of the CSST related to the application of the acts it administers are also payable by
the FSST, except those that are paid out of the sums it keeps on deposit.
Financing method
The CSST chooses the financing method that it deems appropriate to enable it to meet the obligations
of the plan and the expenses borne by the FSST as they arise, and to prevent employers from
being unduly burdened thereafter with compensation payments attributable to past work-related
injuries.
The CSST applies a ratemaking method that is more reflective of the dual role assigned to it by
law, as both a prevention agent and a public insurer.
The CSST determines the employer classification units by regulation on an annual basis.
For the purposes of determining employer assessments, the CSST classifies the activities of each
employer under one or more units according to the rules it establishes by regulation. Determined in
accordance with basic insurance principles, the assessments vary on the basis of the risk associated
with the activity performed by the employer and the cost of the work-related injuries.
The assessment rate applicable to an employer is established according to one of the following three
methods: the unit ratemaking method, the personalized ratemaking method and the retrospective
ratemaking method.
CSST Financial Statements
The CSST collects from employers the sums it assesses under the acts it administers. These sums are
transferred as and when they are collected by the CSST to the FSST, in accordance with section
136.5 of the Act respecting occupational health and safety (R.S.Q., chapter S-2.1).
2. Accounting Policies
The preparation of the financial statements of the CSST in conformity with Canadian generally
accepted accounting principles requires that management make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of revenue and expenses during
the period covered by the financial statements. The main item for which CSST management used
estimates and assumptions is the allowance for doubtful accounts. Actual results could differ from
these estimates.
a) Financial instruments
Categories of financial instruments
Assets held for trading are acquired mainly with a view to short-term resale in order to make a
profit. They are part of a portfolio of financial instruments that are designated as such and managed
as a whole, and indicate a recent history of short-term profit-taking. This category also includes
assets that do not satisfy the above-mentioned criteria but that CSST management has chosen to
designate irrevocably as being held for trading.
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