Operating revenue and expenses of private nursing facilities Canada 2018-2022

Published by Jenny Yang, Jun 3, 2024

In 2022, operating revenue of private nursing and residential care facilities in Canada reached 17.5 billion Canadian dollars. Meanwhile, operating expenses that year stood at 16.1 billion Canadian dollars, achieving an operating profit margin of 7.8 percent. This was a decrease compared to previous years.

Operating revenue, expenses, and surplus of private nursing and residential care facilities in Canada from 2018 to 2022 (in million Canadian dollars)

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Release date

March 2024

Region

Canada

Survey time period

2018-2022

Method of interview

Online survey

Supplementary notes

*Part of operating expenses.

**Calculated manually

Source adds: "Operating revenue excludes investment income, capital gains, extraordinary gains and other non-recurring items."

"Operating revenue excludes investment income, capital gains, extraordinary gains and other non-recurring items."

"Salaries, wages, commissions and benefits include vacation pay and commissions for all employees for whom a T4 slip was completed. This category also includes the employer portion of employee benefits for items such as Canada/Québec Pension Plan or Employment Insurance premiums. Salaries and wages do not include working owners' dividends nor do they include the remuneration of owners of unincorporated business. Therefore the relative level of salaries, wages, commissions and benefits will be lower in industries where unincorporated businesses are significant contributors." 

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