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

8. Net amount due to the Consolidated Revenue Fund
The net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada and others is the difference
between administered assets (taxes not yet received and/or deposited in the fund) and other administered liabilities payable
by the CRA out of the fund.
The net cash deposited in the Consolidated Revenue Fund of the Government of Canada includes amounts the CRA receives
on behalf of the federal government, provinces, territories, and other organizations and deposits in the fund, less refunds and
payments issued from the fund during the year.
The following table shows the change in the net amount due to the Consolidated Revenue Fund during the fiscal year:
9. Contingent liabilities
Contingent liabilities include previously assessed taxes where amounts are under objection or are being appealed to the Tax
Court of Canada, the Federal Court of Canada, or the Supreme Court of Canada. As of March 31, 2012, $19,944 million was
under objection at the CRA level ($17,117 million for 2011) and $4,840 million was being appealed to the courts
($3,299 million for 2011). The CRA has recorded, in the amounts payable to taxpayers or in reduction of the amounts
receivable from taxpayers, as applicable, the estimated amount of objections or appeals that are considered likely to be lost
and that can be reasonably estimated.
10. Goods and services tax revenues
The GST reported on the Statement of Administered Revenues and Pension Contributions includes the federal portion of
HST. It is net of input tax credits (ITCs), rebates, and the GST quarterly tax credit for low-income individuals and families that
ANNUAL REPORT
2011-2012
CANADA REVENUE AGENCY
2012 2011
(in thousands of dollars)
Balance, beginning of year 107,892 99,833
Receipts and other credits 52,173 33,626
Payments and other charges (31,373) (25,567)
Balance, end of year 128,692 107,892
Securities held in trust (140) (250)
Net deposit accounts 128,552 107,642
2012 2011
(in thousands of dollars)
Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada
and others at the beginning of the year 34,560,496 23,956,671
Total net administered revenues and pension contributions 331,711,102 310,759,912
Total net administered expenses and recoveries (20,789,278) (20,464,477)
Net cash deposited in the Consolidated Revenue Fund of the Government of Canada
Net amount due to the Consolidated Revenue Fund on behalf of the Government of
(307,199,490) (279,691,610)
Canada and others at the end of the year 38,282,830 34,560,496