CIRA’s core operations did run a
$1.91 million deficit in FY25: $42.64 million of operating revenue against $44.56 million of expenses. But that was largely because CIRA chose to spend:
- $4.35 million on its community investment program
- $3.67 million on communications, awareness and education
- $2.96 million on consulting
- $630,000 on travel
- $579,000 on staff training
Meanwhile, registration revenue itself rose from
$32.15 million to $33.81 million, and salaries and benefits reached almost
$20 million.
The bigger issue is the balance sheet. CIRA had:
- $46.8 million in investments
- $3.5 million cash
- $25 million in net assets
- $4 million of annual investment income
Its investment portfolio increased by nearly $6 million in one year. That is a substantial reserve for an organization managing a mature, predictable registry with millions of recurring renewals.
The reported
$10.74 million surplus is somewhat misleading because $9.94 million came from transferring the Fury registry platform to a jointly owned company. That was largely an accounting gain rather than $9.94 million of fresh cash. But even after stripping that out, investment income more than covered its operating deficit.
My verdict
No, CIRA cannot credibly say it needs a price increase to preserve the stability of the .CA registry.
A more accurate explanation would be:
CIRA wants more revenue to support its expanding staff, cybersecurity businesses, grants, marketing, consulting and international registry ventures.
Those may be legitimate activities. But they are discretionary policy choices, not unavoidable costs of registering and renewing .ca domains.
In fact, without the $4.35 million community program alone, CIRA’s ordinary operations would have shown approximately a
$2.44 million surplus before investment income. Add the investment income, and it would have been comfortably profitable.
They are presently charging registrars
$10.50 per domain-year. At roughly 3.4 million domains, every additional $1 produces around
$3.4 million a year. Financially, they could likely freeze the wholesale price for years and remain entirely sound.
So I would frame it as:
The increase may be affordable to the average registrant, but CIRA’s audited finances do not demonstrate that it is necessary. It looks more like monopoly-funded organizational expansion.