CRA Annual Report to Parliament 2011-2012 (PDF - Agence du ...

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Administered assets ANNUAL REPORT 2011-2012 Canada Revenue Agency Statement of Administered Assets and Liabilities CANADA REVENUE AGENCY as at March 31 (in thousands of dollars) 2012 2011 Cash on hand 5,228,267 6,418,372 Amounts receivable from taxpayers (note 3) 84,270,615 76,959,150 Amounts receivable under the tobacco civil settlements (note 4) 526,532 588,227 Total assets 90,025,414 83,965,749 Administered liabilities Amounts payable to taxpayers (note 5) 50,956,269 48,647,123 Amounts payable to provinces (note 6) 657,763 650,488 Deposit accounts (note 7) 128,552 107,642 Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada 51,742,584 49,405,253 and others (note 8) 38,282,830 34,560,496 Total liabilities 90,025,414 83,965,749 Contingent liabilities (note 9) The accompanying notes form an integral part of these financial statements. Approved by: Linda Lizotte-MacPherson Commissioner and Chief Executive Officer Susan J. McArthur Chair, Board of Management
Canada Revenue Agency Statement of Administered Revenues and Pension Contributions for the year ended March 31 (in thousands of dollars) 2012 2011 Federal administered revenues Income tax revenues Individual and trust 119,473,450 113,570,868 Corporate 31,701,857 29,969,047 Non-resident tax withholdings 5,300,928 5,137,774 Other taxes, duties and charges 156,476,235 148,677,689 Goods and services tax (note 10) 10,372,547 11,583,050 Energy taxes 5,268,716 5,298,323 Other excise taxes and duties 3,342,813 3,301,658 Miscellaneous charges (note 11) 865,274 833,169 19,849,350 21,016,200 Total tax revenues 176,325,585 169,693,889 Employment insurance premiums 19,030,411 17,862,454 Interest, penalties, and other revenues (note 12) 3,663,901 4,028,248 Revenues administered on behalf of the Government of Canada 199,019,897 191,584,591 Interest expense (696,654) (560,746) Net revenues administered on behalf of the Government of Canada 198,323,243 191,023,845 Provincial and territorial governments and First Nations administered revenues Income tax revenues Individual and trust 52,980,312 48,021,244 Corporate 13,323,379 12,810,324 66,303,691 60,831,568 Provincial portion of harmonized sales tax (note 13) 28,029,190 21,693,984 Other revenues (note 14) Revenues administered on behalf of provincial and territorial governments and 276,567 559,599 First Nations Pension contributions, interest, and penalties administered on behalf of the Canada 94,609,448 83,085,151 Pension Plan (note 15) 39,026,598 37,177,356 Total administered revenues and pension contributions 331,959,289 311,286,352 Other revenues received by the CRA and paid or payable directly to the provinces (note 14) (248,187) (526,440) Total net administered revenues and pension contributions 331,711,102 310,759,912 The accompanying notes form an integral part of these financial statements. CANADA REVENUE AGENCY 111 ANNUAL REPORT 2011-2012
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“Canadian businesses are a vital
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Finally, the Board continued to exa
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“The CRA has always been committe
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[our mission] ANNUAL REPORT 2011-20
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12 we issued 111 million benefit an
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Given the importance of the benefit
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[conclusion] During 2011-2012, we a
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value of the payments processed was
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[providing information] web site Th
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There has been a substantial increa
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[voluntary disclosures] The Volunta
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ANNUAL REPORT 2011-2012 we identifi
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Specialized program areas also use
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pre-payment review of GST/HST refun
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to 2.3% of Gross Domestic Product i
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Our performance measures for addres
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[services] service complaints Our S
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Indicator 2010-2011 2011-2012 Chang
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improving our human resources capac
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developed a strategy for managing t
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Board of Management Oversight Frame
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[board’s priorities and accomplis
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[management of personnel] Against a
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[committee membership and director
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ANNUAL REPORT 2011-2012 CANADA REVE
Page 60 and 61: ANNUAL REPORT 2011-2012 [service st
Page 62 and 63: ANNUAL REPORT 2011-2012 Service Sta
Page 64 and 65: Claims - video and film tax credits
Page 66 and 67: challenges and exceptions advance i
Page 68 and 69: ANNUAL REPORT 2011-2012 [other item
Page 70 and 71: Benefit programs and benefit-relate
Page 72 and 73: D Dispute - General term to designa
Page 74 and 75: S Service standard - A public state
Page 76 and 77: ANNUAL REPORT 2011-2012 CANADA REVE
Page 79 and 80: Canada Revenue Agency Audited Finan
Page 81 and 82: Opinion In my opinion, the financia
Page 83 and 84: Expenses (note 8) Statement of Oper
Page 85 and 86: Statement of Cash Flows - Agency Ac
Page 87 and 88: 2. Summary of significant accountin
Page 89 and 90: (k) Contingent liabilities Continge
Page 91 and 92: (b) Reconciliation of net cost of o
Page 93 and 94: 6. Accounts receivable and advances
Page 95 and 96: 8. Segmented information - Expenses
Page 97 and 98: 10. Related party transactions The
Page 99 and 100: 12. Board of Management Pursuant to
Page 101 and 102: Financial Statements Discussion and
Page 103 and 104: Discussion and analysis Analysis of
Page 105 and 106: Non-financial assets Non-financial
Page 107 and 108: Canada Revenue Agency Audited Finan
Page 109: Emphasis of Matter Without modifyin
Page 113 and 114: Canada Revenue Agency Statement of
Page 115 and 116: A new accounting standard issued by
Page 117 and 118: Expenses and Recoveries. Except for
Page 119 and 120: 5. Amounts payable to taxpayers The
Page 121 and 122: the CRA administers. It does not in
Page 123 and 124: 15. Pension contributions, interest
Page 125 and 126: Individual and Trust Income Tax Ind
Page 127 and 128: Income Tax Revenues - Individual an
Page 129 and 130: sales tax credits. This was partial
Page 131 and 132: summary information as of March 31,
Page 133 and 134: 1.5 Significant changes in fiscal y
Page 135 and 136: A delegated authorities matrix whic
Page 137 and 138: Control frameworks The CRA uses the
Page 139 and 140: The CRA will move into an ongoing a
Page 141 and 142: Canada Revenue Agency - Unaudited S
Page 143 and 144: $73.9 million for increased disburs
Page 145 and 146: Performance Summary (in thousands o
Page 147: Authorities approved after Main Est
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