Mr. Speaker, the take-up on passports by Canadians has been very strong in recent years. However, for far too long the costs of delivering the program were greater than the fees collected. The new 10-year Canadian passport is more secure and gives Canadians more value for their money. When revenues exceed expenditures in the passport program, as I previously said, the funds are kept in reserve for years for when revenues do not cover expenditures.
In the House of Commons on November 21st, 2014. See this statement in context.