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

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The information on the transfer to Shared Services Canada and the temporary administration by the CRA of those information technology (IT) activities is presented in the following table: Assets and liabilities as at November 15, 2011: The net of these administered revenues and expenses totalling $64,174,890 are recorded as services provided without charge in these financial statements (note 10). To administer the transferred information technology activities during the transition period, the CRA used $56,900,845 of net cash on behalf of Shared Services Canada, as presented in the Statement of Cash Flows. ANNUAL REPORT 2011-2012 CANADA REVENUE AGENCY (in thousands of dollars) Liabilities Accrued salaries 1,559 Accounts payable and accrued liabilities 6,966 Vacation pay and compensatory leave 3,556 Lease obligations for tangible capital assets 30,078 Employee severance benefits 15,731 Total liabilities 57,890 Assets Accounts receivable and advances 11 Prepaid expenses 13,552 Tangible capital assets 92,928 Total assets 106,491 Net assets and liabilities as at November 15, 2011 (48,601) Assets and liabilities administered during the transition period: Liabilities 6,533 Assets (3,417) Net assets and liabilities administered during the transition period 9,950 Net assets and liabilities transferred to Shared Services Canada on March 31, 2012 (38,651) Revenues and expenses administered during the transition period Revenues 38,594 Expenses 102,769 Net cost of activities administered on behalf of Shared Services Canada during the transition period (64,175)
12. Board of Management Pursuant to the Canada Revenue Agency Act, a Board of Management is appointed to oversee the organization and administration of the CRA and the management of its resources, services, property, personnel and contracts. The expenses relating to the board's activities for the year included in the net cost of operations were as follows: 13. Accounting changes 2012 2011 (in thousands of dollars) Board of Management Compensation 329 303 Travel 165 156 Professional services and other expenses 106 105 600 564 Other related costs Corporate Secretariat support 690 707 Total 1,290 1,271 During the fiscal year, amendments were made based on Canadian public sector accounting standards to improve financial reporting. The significant changes to the CRA’s financial statements are described below. These changes have been applied retroactively, and comparative information for 2010-11 has been restated. (a) Agency net debt Agency net debt (calculated as liabilities less financial assets) is now presented in the Statement of Financial Position. Accompanying this change, the CRA now presents a Statement of Change in Agency Net Debt. The equity of Canada presented in the Statement of Financial Position in previous years is now referred to as agency net financial position. (b) Government funding and transfers Government funding and transfers are now recognized in the Statement of Operations and Agency Net Financial Position (formerly the Statement of Operations) below the net cost of operations before government funding and transfers (formerly the net cost of operations), which resulted in the introduction of the net cost of operations after government funding and transfers. In previous years, the CRA recognized these transactions in the Statement of Equity of Canada, which is no longer presented. (c) Non-tax revenue not available for spending Non-tax revenue is now presented net of non-tax revenue not available for spending in the Statement of Operations and Agency Net Financial Position (refer to note 2e). The effect of this change was to decrease the total non-tax revenue which increased the net cost of operations before government funding and transfers as well as the net cash provided by the Government of Canada by $62,711,706 for 2012. CANADA REVENUE AGENCY 99 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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Page 64 and 65: Claims - video and film tax credits
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Page 93 and 94: 6. Accounts receivable and advances
Page 95 and 96: 8. Segmented information - Expenses
Page 97: 10. Related party transactions The
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Page 103 and 104: Discussion and analysis Analysis of
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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,
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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