T he 2025–26 fiscal year was defined by continued uncertainty across Canada’s immigration and settlement sector. Federal funding reductions, changing immigration policies, and lower activity under the Resettlement Assistance Program (RAP) created a more constrained operating environment for settlement organizations across the country. Throughout this period, ISSofBC remained anchored in its purpose—supporting newcomers as they build their lives in Canada—while making strategic financial decisions to ensure the organization remained resilient and ready for the future.
Financial Report
Anticipating the changes to the funding environment, we budgeted for an 8% decrease in total revenue. Actual revenue for the year was within 1% of our expectation. Activity within our service areas remained largely on plan, demonstrating the continued demand
for settlement, language, employment, and community programs.
As planned, we drew on a modest portion of our reserves to continue investing in service delivery and organizational capacity during this period of transition. Nonetheless, our financial results were stronger than budgeted, reflecting disciplined financial
management, careful oversight of programs and operations, and prudent decisions regarding our facilities and long-term investments. Our working capital and net asset positions remain strong, providing the financial resilience needed to navigate the challenges
ahead.
While the economic and policy landscape will continue to evolve, ISSofBC is well positioned to respond with sound governance, responsible stewardship, and a clear strategic direction. Anchored in our renewed mission and guided by our commitment to foster belonging,
inclusion, and success, we will continue leading through uncertainty while building a stronger Canada for all.
We extend our sincere thanks to our staff, volunteers, funders, donors, partners, and supporters for their dedication throughout the year. Together, your commitment enabled thousands of newcomers to build their futures in British Columbia and advance our shared
vision that we all thrive together in community.
Craig Stocking
Treasurer
Vinson Luu
Chief Financial Officer
Revenues
Settlement Section
$17,592,462
Language College and
Career Services $24,047,582
Donations, Interest and Miscellaneous $1,580,492
Expenses
Personnel
$27,145,736
Client services
$5,887,666
Office and general
$5,546,581
Occupancy
$3,824,979
Amortization of property and equipment
$923,997
Statement of Operating Revenues & Expenditures, and Net Asset Balance
(2025-26)