CCRA Annual Report to Parliament 2003-2004 - Financial Statements

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3. Amounts receivable from taxpayers

For the purpose of this note, income tax receivables include Canada Pension Plan, Employment Insurance and related interest and penalties receivable. The Agency has established the following allowance for doubtful accounts related to the amounts receivable:

2004
2003

Gross
Allowance for Doubtful Accounts
Net
Net

(in thousands of dollars)

Income taxes receivable

Individuals
26,511,937
(3,766,617)
22,745,320
20,969,211

Employers
11,311,718
(474,539)
10,837,179
9,558,738

Corporations
6,397,297
(1,215,631)
5,181,666
4,169,379

Non-residents
842,328
(162,004)
680,324
491,889

GST receivable
9,637,739
(1,883,190)
7,754,549
7,836,701

Excise receivable
693,111
(59,442)
633,669
482,753

Customs receivable
157,225
(36,537)
120,688
88,366

Total

55,551,355
(7,597,960)
47,953,395
43,597,037

Details of the allowance for doubtful accounts are as follows:
Allowance for Doubtful Accounts April 1, 2003
Provision for Bad Debt
Write-Offs
Allowance for Doubtful Accounts March 31, 2004

(in thousands of dollars)

Individuals, Employers and Non-Residents
(4,288,335)
(999,172)
884,347
(4,403,160)

Corporations
(1,073,723)
(349,071)
207,163
(1,215,631)

GST, Excise and Customs
(1,812,104)
(558,526)
391,461
(1,979,169)

Total

(7,174,162)
(1,906,769)
1,482,971
(7,597,960)

The provision for bad debt of $1,906 million reported above includes an amount of $1,887 million charged against revenues administered on behalf of the Federal Government (see Note 2 ( )) and $19 million charged against revenues administered on behalf of the CPP Account (see Note 12).



Date modified:
2004-10-28