CCRA Annual Report to Parliament 2004-2005

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Audited Financial Statements - Administered Activities

Notes to the Financial Statements - Administered Activities

7. Deposit accounts

The Agency receives refundable deposits to ensure compliance with various regulations.
2005
2004
(Restated - Note 3 )
(in thousands of dollars)
Balance, beginning of year
34,734
31,107
Net transactions during the year
7,154
3,627
Balance, end of the year
41,888
34,734
Less: Securities held in trust
(1,691)
(517)
Net deposit accounts
40,197
34,217

Deposit accounts are established to record cash and securities required to guarantee payment of GST as it relates to non-resident registrants and certain licensees as it relates to excise taxes, which are both payable pursuant to the Excise Tax Act.



Date modified:
2005-10-26