Swimming Canada reports $799,421 surplus, more than double

Swimming Canada reported a surplus of $799,421 for the fiscal year ending 31 March 2026, more than twice its $382,710 surplus in 2024–25. The figures come from the national governing body’s 2025–26 Impact Report, as described by SwimSwam.

The federation reported that revenue rose from about $14.3 million to $15.1 million, while expenses rose from about $13.9 million to $14.3 million. Its spending on competition support increased by approximately $511,000.

Competition spending rises

Spending on tours and competitions increased by more than $500K to $4.27 million, while program-management spending rose by approximately $469,000. Other categories fell:

Government funding remained the federation’s largest revenue source. Sport Canada contributed $7.65 million, up from $7.13 million, while membership fees rose by more than $300K to $3.92 million. Together, the two sources supplied approximately 76.7% of revenue, compared with about 75.1% the previous year.

Funds and liabilities

Unrestricted net assets rose from $3.89 million to $4.7 million. These are funds available for general operations, programs or administration without donor-imposed restrictions. Liabilities fell from about $1.5 million to $909,000.