Via Rail instance of national railway
Budget and management
Via is operated as an independent crown corporation and receives a subsidy from the Minister of Transport to provide service to remote communities. Via operates more than 500 trains per week from coast to coast. The sum of $369 million was earned from passenger revenues in 2018. Over 4.74 million passenger voyages were taken in 2018. An on-time ratio of 71 per cent was achieved in that year. Over 3,115 persons were employed by Via by the end of 2018.
Via president Yves Desjardins-Siciliano stated that the subsidy for passenger rail travel in Canada in 2015 was about 200 per cent: for every $1 travellers spend on fares, Canada pays $2 in subsidy.As of May 2019, the chair of the board of directors is Françoise Bertrand. The Annual accounts of Via are audited to GAAP principles by the Auditor-General of Canada, under the Financial Administration Act. As a federal Crown corporation, Via Rail Canada Inc. operates under the Canada Business Corporations Act and is subject to income taxes, should a profit ever be declared by it. The corporation had $9,300,000 in share capital as of 2018. Via also received $394.4 million of government funding in 2018.
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