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

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Liabilities ANNUAL REPORT 2011-2012 Statement of Financial Position – Agency Activities CANADA REVENUE AGENCY as at March 31 (in thousands of dollars) 2012 2011 Restated (note 13) Accrued salaries 78,257 56,568 Accounts payable and accrued liabilities (note 4) 152,187 184,086 Lease obligations for tangible capital assets - 13,304 Vacation pay and compensatory leave 182,977 180,775 Employee severance benefits (note 5c) 732,313 633,270 Total liabilities 1,145,734 1,068,003 Financial assets Cash 77 84 Due from the Consolidated Revenue Fund 175,851 223,385 Accounts receivable and advances (note 6) 8,382 7,737 Total financial assets 184,310 231,206 Agency net debt 961,424 836,797 Non-financial assets Prepaid expenses 12,953 21,940 Tangible capital assets (note 7) 403,936 539,471 Total non-financial assets 416,889 561,411 Agency net financial position 544,535 275,386 Contingent liabilities (note 14) 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
Expenses (note 8) Statement of Operations and Agency Net Financial Position– Agency Activities for the year ended March 31 (in thousands of dollars) CANADA REVENUE AGENCY 83 2012 2012 2011 Planned results Actual Actual restated (note 13) Internal services 1,375,306 1,294,021 1,275,654 Reporting compliance 1,144,812 1,169,468 1,127,551 Accounts receivable and returns compliance 677,467 744,875 666,591 Assessment of returns and payment processing 734,573 741,313 753,351 Taxpayer and business assistance 372,922 401,374 396,298 Appeals 221,004 244,381 231,465 Benefit programs 152,342 160,021 151,882 Taxpayer’s Ombudsman 3,839 2,988 2,788 Total expenses 4,682,265 4,758,441 4,605,580 Non-tax revenue (note 9) Internal services 286,508 224,935 239,788 Reporting compliance 18,215 30,905 23,456 Accounts receivable and returns compliance 154,781 165,165 158,668 Assessment of returns and payments processing 54,809 81,265 77,007 Taxpayer and business assistance 54,848 58,837 57,873 Appeals 17,795 18,974 19,747 Benefit programs 19,778 42,271 33,738 Revenues earned on behalf of Government (note 13) - (62,712) (59,670) Total non-tax revenue 606,734 559,640 550,607 Net cost of operations before government funding and transfers 4,075,531 4,198,801 4,054,973 Government funding and transfers Net cash provided by the Government of Canada (note 13) 3,758,224 3,683,373 Change in due from the Consolidated Revenue Fund (47,534) 42,173 Services provided without charge from other government agencies and departments (note 10) 321,788 261,489 Transfer of assets and liabilities to Shared Services Canada (note 11) Net cost of activities administered on behalf of Shared Services (38,651) - Canada (note 11) (64,175) - Total government funding and transfers 3,929,652 3,987,035 Net cost of operations after government funding and transfers 269,149 67,938 Agency net financial position - Beginning of year 275,386 207,448 Agency net financial position - End of year 544,535 275,386 The accompanying notes form an integral part of these financial statements. 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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Page 38 and 39: [services] service complaints Our S
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Page 44 and 45: improving our human resources capac
Page 46 and 47: developed a strategy for managing t
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Page 64 and 65: Claims - video and film tax credits
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Page 68 and 69: ANNUAL REPORT 2011-2012 [other item
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Page 85 and 86: Statement of Cash Flows - Agency Ac
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Page 89 and 90: (k) Contingent liabilities Continge
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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
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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
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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 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,
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1.5 Significant changes in fiscal y
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A delegated authorities matrix whic
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Control frameworks The CRA uses the
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The CRA will move into an ongoing a
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Canada Revenue Agency - Unaudited S
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$73.9 million for increased disburs
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Performance Summary (in thousands o
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Authorities approved after Main Est
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