Advanced Education and Skills Training

Financial flexibility supports post-secondary sector

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Advanced Education and Skills Training

Financial flexibility supports post-secondary sector

Media Contacts
Sean Leslie
Communications Director
Ministry of Advanced Education and Skills Training
250 356-8485
Media Contacts
Sean Leslie
Communications Director
Ministry of Advanced Education and Skills Training
250 356-8485

Backgrounders

Approved deficits for B.C. PSIs

Deficit approval represents a conservative forecast for public post-secondary institutions’ (PSIs) budgets ending on March 31.

It is not uncommon for a PSI to forecast a deficit and end the fiscal year with a balanced or small surplus.

Government’s fiscal year runs from April 1 to March 31.

For 2020-21, 20 PSIs are approved for deficits up to $178.9 million:

  • British Columbia Institute of Technology
  • Selkirk College
  • Camosun College
  • Vancouver Community College
  • Coast Mountain College
  • Capilano University
  • College of New Caledonia
  • Emily Carr University of Art and Design
  • College of the Rockies
  • Kwantlen Polytechnic University
  • Justice Institute of British Columbia
  • University of British Columbia
  • Langara College
  • University of Northern British Columbia
  • North Island College
  • University of the Fraser Valley
  • Northern Lights College
  • University of Victoria
  • Okanagan College
  • Vancouver Island University

For 2021-22, 17 PSIs are approved for deficits up to $75.2 million:

  • British Columbia Institute of Technology
  • Vancouver Community College
  • Camosun College
  • Capilano University
  • Coast Mountain College
  • Emily Carr University of Art and Design
  • College of New Caledonia
  • Kwantlen Polytechnic University
  • College of the Rockies
  • Thompson Rivers University
  • Justice Institute of BC
  • University of Northern British Columbia
  • North Island College
  • University of Victoria
  • Okanagan College
  • Vancouver Island University
  • Selkirk College

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