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

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Expenses and Recoveries Administered on Behalf of the Government of Canada, Provincial, and Territorial Governments Administered Expenses and Recoveries ($000) 2012 2011 +/- % Federal Administered Expenses Child tax benefits 10,048,991 10,013,376 35,615 0.4% Universal Child Care Benefits 2,677,419 2,642,485 34,934 1.3% Children’s Special Allowances 223,546 222,438 1,108 0.5% Transfers to provinces for softwood lumber products export charges 213,871 220,735 (6,864) (3.1%) Provision for doubtful accounts 3,711,275 3,344,307 366,968 11.0% Total Federal Administered Expenses Federal Administered Recoveries 16,875,102 16,443,341 431,761 2.6% Old Age Security benefits (1,159,270) (1,061,615) (97,655) 9.2% Employment Insurance benefits (235,619) (224,929) (10,690) 4.8% Total Federal Administered Recoveries (1,394,889) (1,286,544) (108,345) 8.4% Net Expenses and Recoveries Administered for the Federal Government 15,480,213 15,156,797 323,416 2.1% Provincial and Territorial Administered Expenses Ontario Sales Tax Transition Benefit 1,372,014 2,619,861 (1,247,847) (47.6%) Sales tax credits 1,587,816 1,146,406 441,410 38.5% Family benefit programs 1,047,658 1,063,553 (15,895) (1.5%) Ontario Energy and Property Tax Grant 794,966 - 794,966 NA Ontario Senior Homeowners’ Property Tax Credit 219,682 199,828 19,854 9.9% British Columbia Low Income Climate Action Tax Credit 184,590 169,959 14,631 8.6% Net Expenses Administered for Provinces and Territories Provision for doubtful accounts Administered for the Canada 5,206,726 5,199,607 7,119 0.1% Pension Plan 102,339 108,073 (5,734) (5.3%) Total Net Administered Expenses and Recoveries 20,789,278 20,464,477 324,801 1.6% Net Federal Expenses and Recoveries were $15.5 billion in 2012, $323.4 million higher than in 2011. Net Provincial and Territorial Expenses were $5.2 billion, $7.1 million higher than in 2011. Federal Administered Expenses Federal Administered Expenses rose by $431.7 million or 2.6%. This stems from a higher provision for doubtful accounts that increased due to higher write-offs. Federal Administered Recoveries Federal Administered Recoveries rose by $108.3 million or 8.4% due to higher Old Age Security (OAS) recoveries. This increase stems from a rise in the number of OAS benefit recipients, higher entitlements, and a growth in taxable income. Net Expenses Administered for Provinces and Territories Net Expenses Administered for Provinces and Territories increased by $7.1 million or 0.1%. The increase is due to the newly implemented Ontario Energy and Property Tax Credit and to the impact of a full year of the Ontario and British Columbia ANNUAL REPORT 2011-2012 CANADA REVENUE AGENCY
sales tax credits. This was partially offset by the reduced cost of the Ontario Sales Tax Transition Benefit, which had its third of three payments in 2012. Provision for Doubtful Accounts Administered for the Canada Pension Plan The provision for doubtful accounts administered for the Canada Pension Plan (CPP) decreased by $5.7 million or 5.3%. This decrease was due to a reduction in bad debt expenses, partially offset by higher CPP write-offs. figure 14 Expenses and Recoveries Administered on Behalf of the Government of Canada, Provincial, and Territorial Governments As shown in figure 14, Net Expenses and Recoveries Administered for the Federal Government made up most of the Expenses and Recoveries Administered on Behalf of the Government of Canada, Provincial, and Territorial Governments. The proportion of Federal Administered Expenses and Recoveries has increased due to the higher provision for doubtful accounts. The cost of the new Ontario Energy and Property Tax Credit as well as the increase in the Ontario and British Columbia sales tax credits were offset by the decrease in the Ontario Sales Tax Transition Benefit. Canada Revenue Agency Financial Statements Discussion and Analysis (unaudited) 2012 Administered Expenses net expenses and recoveries 74.5% provincial and territorial administered expenses 25.5% 2011 Administered Expenses net expenses and recoveries 74.1% provincial and territorial administered expenses 25.9% CANADA REVENUE AGENCY 129 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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Draft - Protected B 5 November 2012
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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
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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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D Dispute - General term to designa
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S Service standard - A public state
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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 and 110: Emphasis of Matter Without modifyin
Page 111 and 112: Canada Revenue Agency Statement of
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: Income Tax Revenues - Individual an
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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