# Corporate reports # Corporate reports Our corporate reports and publications explore our goals, strategies and achievements in owning and operating Canada’s payment clearing and settlement infrastructure. ## Annual Report Payments Canada’s annual report is our public accountability publication that presents our financial and non-financial performance during the year. This report provides a view into who we are, how we work, our unique role in Canada’s economy, and reflects upon our strategy, culture and business. [ ![The 2026 SUMMIT: Payments Canada employee smiling](/sites/default/files/styles/card_image_small/public/2026-05/2026_AnnualReport_cover.png?h=2f2b3f5f&itok=JSCYOPM8) ### Achievements, initiatives and strategic priorities In 2025, Payments Canada advanced the delivery of the Real-Time Rail (RTR) and the future of Canadian payments, while strengthening the payment ecosystem. 2025 Annual Report ](/sites/default/files/PaymentsCanada_2025AnnualReport_EN.pdf) [ ![Group of Payments Canada employees talking with more poeple in the background](/sites/default/files/styles/card_image_small/public/2025-05/2024_AnnualreportCover.png?h=579b3107&itok=pYjQP8_x) ### Payments for Canadians The 2024 report highlights our progress, achievements and financial performance over the year, reflecting our ongoing efforts to advance our strategic priorities. 2024 Annual Report ](/sites/default/files/PaymentsCanada_2024AnnualReport_EN.pdf) [ ![People sitting at a conference with a woman the focus of the image](/sites/default/files/styles/card_image_small/public/2024-05/2023_AnnualReport_CoverPhoto.jpg?h=7cc706e9&itok=IoXWFwjk) ### Delivering smarter, safer and easier payments In 2023, Payments Canada delivered data-rich, high-value payments to Canada, advocated for modern payment legislation and introduced a new mission and vision for the organization. 2023 Annual Report ](/sites/default/files/PaymentsCanada_2023AnnualReport_EN.pdf) ## Canadian Payment Methods and Trends Report Payments Canada works with payment service providers, payment consultants and researchers to compile an annual comprehensive data set and provide insights into how Canadian consumers and businesses pay. [ ![A person interacting with a screen](/sites/default/files/styles/card_image_small/public/2025-09/2025_CPMT_CoverImage.jpg?h=c6980913&itok=KRFpAFTd) ### Canadian Payment Methods and Trends Report 2025 Canada reaches $12.2 trillion in payment transactions in 2024, with credit cards accounting for 1 in 3 transactions. Read the report ](/sites/default/files/PaymentsCanada_Canadian_Payment_Methods_and_Trends_2025_EN.pdf) [ ![Silhouttes of people walking in front of a multicoloured background](/sites/default/files/styles/card_image_small/public/2024-09/2024_CPMT_CoverImage.jpg?h=c74750f6&itok=FCvCCRju) ### Fuelling the future of payments through choice Canada reaches $11.9 trillion in retail payment transactions with 21.7 billion transactions in 2023, up six per cent year-over-year Raed the report ](/sites/default/files/PaymentsCanada_Canadian_Payment_Methods_and_Trends_Report_2024_En.pdf?utm_source=web&utm_medium=pdf&utm_campaign=cpmtreport&utm_ID=02-10-2024&utm_content=&utm_keyword=) [ ![Cover image 2023 CPMT abstract image of light trails](/sites/default/files/styles/card_image_small/public/2023-10/CPMT_2023_CoverImage_1200pxls.jpeg?h=c74750f6&itok=aNWe6XvS) ### The future of digital payments is here Canada reaches $11.7 trillion in payment transactions in 2022 – up seven per cent in value from 2021 Read the report ](/sites/default/files/PaymentsCanada_Canadian_Payment_Methods_and_Trends_Report_2023_En.pdf) ## Modernization Delivery Roadmap Modern payment systems provide opportunities to simplify and enhance Canadians’ daily payment interactions and strengthen our competitive position as a global leader in financial services. The Modernization Delivery Roadmap provides progress updates, including timelines and how Canadians benefit. [ ![Cover image from report](/sites/default/files/styles/card_image_small/public/2022-12/2022_DeliveryRoadmap_CoverPhoto.png?h=05130931&itok=hBpaDbGW) ### 2022 Update The 2022 Delivery Roadmap captures our recent accomplishments and provides a view into the plans for the future of Canada’s payment systems. 2022 Delivery Roadmap ](/sites/default/files/PaymentsCanada_2022_DeliveryRoadmapUpdate_En.pdf) [ ![2021 roadmap cover image](/sites/default/files/styles/card_image_small/public/2022-08/2021_Roadmap.png?h=d1cb525d&itok=sWUYTqDY) ### 2021 Update The 2021 Delivery Roadmap captures our recent accomplishments and provides a view into the plans for the future for Canada’s payment systems. 2021 Delivery Roadmap ](/sites/default/files/2022-08/PaymentsCanada_2021DeliveryRoadmapUpdate_En.pdf) [ ![2020 roadmap cover image](/sites/default/files/styles/card_image_small/public/2022-08/2020_Roadmap_CoverPhoto.png?h=d1cb525d&itok=xW66oFhh) ### 2020 Update This 2020 Modernization Delivery Roadmap Update provides an update on the program progress, including timelines and how Canadians stand to benefit. 2020 Delivery Roadmap ](/sites/default/files/2022-08/PaymentsCanada_2020ModernizationRoadmap_En.pdf) [ ![2019 roadmap cover photo](/sites/default/files/styles/card_image_small/public/2022-08/2019_Roadmap_CoverPhoto.png?h=d1cb525d&itok=nhtdai3-) ### 2019 Update The 2019 Modernization Delivery Roadmap Update provides a summary of progress and indicates any revisions to timelines. 2019 Delivery Roadmap ](/sites/default/files/2022-07/paymentscanada_2019deliveryroadmapupdate_en.pdf) [ ![2018 roadmap cover photo](/sites/default/files/styles/card_image_small/public/2022-08/2018_Roadmap%20Delivery%20Update_CoverPhoto.png?h=d1cb525d&itok=mv0ycHue) ### 2018 Update The Modernization Delivery Roadmap Update 2018 provides revised timelines that reflect a clearer understanding of the scale and complexity of foundational program elements. Read more ](/sites/default/files/2022-07/paymentscanada_2018deliveryroadmapupdate_en.pdf) [ ![placeholder.png](/sites/default/files/styles/card_image_small/public/placeholder.png?h=5dafd208&itok=tfPAcwN_) ### Industry roadmap and high-level plan Where the Vision tells us what needs to exist in the marketplace, the Roadmap & High Level Plan focuses on how Payments Canada and the industry can start delivering on those needs. Read more ](/sites/default/files/2022-07/paymentscanada_2016roadmapwhitepaper_en.pdf) [ ![Vision cover photo](/sites/default/files/styles/card_image_small/public/2022-08/2016_Vision%20-%20Companion%20Reader_CoverPhoto.png?h=d1cb525d&itok=Tv6bGwIv) ### Industry roadmap and high-level plan Advancing the vision for Canada's payment ecosystem Companion reader Read more ](/sites/default/files/2022-07/paymentscanada_roadmapreader_en.pdf) Visit [Modernization](https://www.payments.ca/insights/modernization) for additional resources including the Modernization Target State, Modernization Target State Companion Reader, Vision whitepaper and the Vision whitepaper companion reader.