Under the Parks Canada Agency Act of 1998, our agency operates on a two-year cycle of appropriations. The government is working to bring more departments and agencies into a one-year appropriation model. For Parks Canada, this was actually announced as part of budget 2014, but was never legislated. It was, again, announced in budget 2019 and now forms part of this piece of legislation.
Parks Canada is presently working with the Department of Finance on the transition to a single-year appropriation model. Part of the rationale, and something that is invisible to many Canadians is that Parks Canada is one of the government's largest asset holders and as the government moves large departments like PSPC and National Defence into an accrual-based model for managing assets, we too will move in that direction. This helps to facilitate that transition.