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

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figure 11 Direct Tax Revenues As shown in figure 11, the largest component of Direct Tax Revenues is Individual and trust income tax, followed by Corporate income tax and Non-resident tax withholdings. figure 12 Indirect Tax Revenues As shown in figure 12, the largest component of Indirect Tax Revenues is GST, followed by Energy taxes, Other Excise taxes and duties, and Miscellaneous charges. The proportion of GST has declined due to the decrease in net GST assessed. Revenues Administered on Behalf of the Provincial, Territorial Governments, First Nations, and the Canada Pension Plan Provincial and Territorial Governments, First Nations, and Canada Pension Plan ($000) 2012 2011 +/- % Income Tax – Individual and trust 52,980,312 48,021,244 4,959,068 10.3% Income Tax – Corporate 13,323,379 12,810,324 513,055 4.0% Harmonized Sales Tax 28,029,190 21,693,984 6,335,206 29.2% Other Revenues Revenues Administered on behalf of Provincial and Territorial 276,567 559,599 (283,032) (50.6%) Governments and First Nations 94,609,448 83,085,151 11,524,297 13.9% Pension Contributions, Interest and Penalties Administered on Behalf of the Canada Pension Plan 39,026,598 37,177,356 1,849,242 5.0% Provincial, Territorial, and First Nations Revenues were $94.6 billion in 2012, some $11.5 billion higher than in 2011. Canada Pension Plan Revenues were $39.0 billion in 2012; $1.8 billion more than in 2011. ANNUAL REPORT 2011-2012 CANADA REVENUE AGENCY 2012 Direct Tax Revenues individual and trust 76.4% corporate 20.3% non-resident 3.3% 2012 Indirect Tax Revenues goods and services tax 52.3% energy taxes 26.5% other excise taxes and duties 16.8% miscellaneous charges 4.4% 2011 Direct Tax Revenues individual and trust 76.4% corporate 20.2% non-resident 3.4% 2011 Indirect Tax Revenues goods and services tax 55.1% energy taxes 25.2% other excise taxes and duties 15.7% miscellaneous charges 4.0%
Income Tax Revenues – Individual and Trust Individual and trust income tax revenues increased by $4.9 billion, or 10.3%. The increase stems from continued economic growth and is in line with the increase in individual taxable income. Legislative changes in the province of Ontario, such as the restructuring of a tax credit to a benefit program and a lower surtax threshold also contributed to the increase. Income Tax Revenues – Corporate Corporate income tax revenues increased by $513.0 million or 4.0%. This increase is due to higher corporate profits, partially offset by corporate tax cuts and the elimination of capital tax in Ontario. Harmonized Sales Tax (HST) HST revenues increased by $6.3 billion or 29.2%. The increase is the result of a full year's impact after the implementation of the harmonized sales tax in Ontario and British Columbia (PSTAR) on July 1, 2010. On August 26, 2011 the Province of British Columbia announced that it will return to the provincial sales tax, and this change will be effective April 1, 2013. During this period, the Agency will continue to administer the HST in British Columbia. On April 18, 2012, the province of Prince Edward Island (PEI) announced that it has entered into an agreement with the government of Canada in order to bring PEI into the HST revenue allocation framework effective April 1, 2013. Other Revenues Other revenues decreased by $283.0 million or 50.6%, due to a one-time collection related to the tobacco civil settlement agreements in fiscal year 2011. Revenues Administered On Behalf of the Canada Pension Plan Canada Pension Plan revenues rose by $1.8 billion or 5.0%. The increase reflects continued economic growth and is in line with the growth in source deduction receipts. There was also an increase in the contribution ceiling. figure 13 Revenues Administered on behalf of the Provincial and Territorial Governments and First Nations 2012 Provincial, Territorial and FN income tax – individual and trust 56.0% income tax – corporate 14.1% harmonized sales tax 29.6% other revenues 0.3% 2011 Provincial, Territorial and FN income tax – individual and trust 57.8% income tax – corporate 15.4% harmonized sales tax 26.1% other revenues 0.7% As shown in figure 13, Individual and trust income tax represented the largest component of revenues administered on behalf of the Provincial and Territorial governments, and First Nations. This is followed by Harmonized Sales Tax and Corporate Income Tax. The proportion of Individual and trust income tax decreased from the previous year, due to the impact of the full year of harmonized sales tax in Ontario and British Columbia. CANADA REVENUE AGENCY 127 ANNUAL REPORT 2011-2012
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Finally, the Board continued to exa
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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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ANNUAL REPORT 2011-2012 CANADA REVE
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ANNUAL REPORT 2011-2012 [service st
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ANNUAL REPORT 2011-2012 Service Sta
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Claims - video and film tax credits
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challenges and exceptions advance i
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ANNUAL REPORT 2011-2012 [other item
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Benefit programs and benefit-relate
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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
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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
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Page 139 and 140: The CRA will move into an ongoing a
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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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