Payments Canada’s annual report is our public accountability publication that presents our financial and non-financial performance during the year. This report provides a view into who we are, how we work, our unique role in Canada’s economy, and reflects upon our strategy, culture and business.
High-value payments, delivered
2021 was a year of delivery for Payments Canada. We supported our people through another year of a global pandemic, and delivered Lynx, Canada’s high-value payment system.
Payments meets purpose
In 2020 we celebrated 40 years in payments, navigated the changes brought on by the coronavirus pandemic, and delivered on our commitments to Canada and the Canadian payments ecosystem.
Previous editions: 2018 Annual Report, 2017 Annual Report, 2016 Annual Report.
Payments Canada is responsible for the systems, processes and rules essential to payments clearing and settlement in Canada. We outline our long-term strategic priorities in our corporate plan.
Accelerate and enhance
Our multi-year payment Modernization program comes to a close during this period with new and enhanced systems launched and in operation. We will continue to bring safer, easier and smarter payments...
Deliver and accelerate
We remain focused on three long-term strategic objectives as we progress on delivering modern payments to Canadians. Discover them in our 2021 to 2025 Corporate Plan.
Previous editions: 2019-2023 Corporate Plan, 2018-2022 Corporate Plan, 2017-2021 Corporate Plan.
Cyber Resilience Strategy
The Cyber Resilience Strategy explains Payments Canada’s approach to cyber security: manage risk and foster preparedness and resilience within our organization and across the financial ecosystem.
Modernization Delivery Roadmap
Modern payment systems provide opportunities to simplify and enhance Canadians’ daily payment interactions and strengthen our competitive position as a global leader in financial services. The Modernization Delivery Roadmap provides progress updates, including timelines and how Canadians benefit.
The 2022 Delivery Roadmap captures our recent accomplishments and provides a view into the plans for the future of Canada’s payment systems.
The 2021 Delivery Roadmap captures our recent accomplishments and provides a view into the plans for the future for Canada’s payment systems.
This 2020 Modernization Delivery Roadmap Update provides an update on the program progress, including timelines and how Canadians stand to benefit.
The 2019 Modernization Delivery Roadmap Update provides a summary of progress and indicates any revisions to timelines.
The Modernization Delivery Roadmap Update 2018 provides revised timelines that reflect a clearer understanding of the scale and complexity of foundational program elements.
Industry roadmap and high-level plan
Where the Vision tells us what needs to exist in the marketplace, the Roadmap & High Level Plan focuses on how Payments Canada and the industry can start delivering on those needs.
Visit Modernization for additional resources including the Modernization Target State, Modernization Target State Companion Reader, Vision whitepaper and the Vision whitepaper companion reader.