The deficit is due to market losses.
The Anglican Church used to be known as the conservative party at prayer, now it is the communist party at smudging.
The ACoC likes to waft an aroma of socialist egalitarianism heavenward in clouds of smudging fumes, but it still loves money and, even though it pretends to emulate the homeless man/God who had nowhere to lay his head, it just can’t stop loving money and the means of making more of it.
To that end, in 2021 it had $27,790,616 invested in Cash, Equities, Alternative Investments and Real Estate.
To paper a veneer of pious poverty over this, the Diocese of Toronto displays a statue of homeless Panhandler Jesus outside one of its churches. It makes Toronto’s homeless population feel so much better.
But back to the thing the ACoC isn’t interested in: money.
Last year’s global market decline left the church’s national office with a budget deficit of $1.55 million at the end of 2022. The treasurer explains more here. Do I see a tear in her eye?
Investment losses from last year’s global market decline left the church’s national office with a budget deficit of $1.55 million at the end of 2022, a financial statement released to General Synod shows.
The deficit occurred despite an operational surplus of $346,000. Total revenue for General Synod in 2022 was $9.75 million, down by more than $37,900 from the previous year. Expenses were $9.40 million, or $882,000 higher than last year.
In the financial management committee’s report to General Synod June 30, treasurer and CFO Amal Attia said investment losses, however, made “that surplus a deficit and that is as a result of the nosedive that the entire investment portfolio [took] for everybody.” Investment losses of $1.77 million and a $250,000 provision for potential legal settlements left the budget awash in red ink, despite more than $123,000 in undesignated legacies. Market losses from unrealized investments, Attia added, were “not anything in our control.”
Stock and other investment markets around the world experienced declines in 2022 due to a number of factors going back to the economic recession that followed the COVID-19 pandemic, which later resulted in soaring inflation and global supply chain problems. Russia’s invasion of Ukraine in February 2022 also cause.
Data for 2021 confirm attendance in the Anglican Church of Canada declined by about 10 per cent that year, after a similar drop in 2020, the church’s statistics officer says, while preliminary findings from 2022 suggest it continued in a steep decline into the third year of the COVID-19 pandemic. 
Rev. Theo Robinson, a transgender priest in the Diocese of Rupert’s Land, is one of the people responsible for producing the newly adopted liturgies for gender transition and affirmation.
The majority of our denomination is solid. The Diocese of the Arctic is part of the worldwide Anglican Communion. People fail to remember that the revisionists in Canada and the USA are the minority in the Anglican Communion. They just have a loud voice and often use that voice to monopolize, or bully. As an Anglican, I’ve grown up reciting psalm 95 to warn me about not having a hard heart. I’ve read the book of Judges, when the people often turned back to the world, and I’ve read the prophets, who warn us to not follow the gods of this age or past ages.
Alex McPhee, lay member from the diocese of Qu’Appelle, spoke in favour. McPhee described how in preparing to attend his first General Synod, he had sent the text of the pastoral liturgies to some transgender friends—all of whom, he said, “not by their own choice, have been hounded out of their birth church communities.”
General Synod has overwhelmingly approved five priorities or “transformational aspirations” prepared by the Strategic Planning Working Group (SPWG) to serve as the basis for the Anglican Church of Canada’s new strategic plan.
