Audited Financial Statements - Administered Activities

Notes to the Financial Statements - Administered Activities

10. GST revenues

The Goods and Services Tax (GST) reported on the Statement of Administered Revenues is net of Input Tax Credits (ITC) and rebates administered by the Agency. It does not include GST revenues on imported goods of $21,909 million in 2005 ($19,553 million in 2004) which are now administered and reported by the Canada Border Services Agency (CBSA) as of April 1, 2004. The Agency continues to have sole responsibility for the administration of all ITCs including those claimed on imported goods. ITCs relating to GST on imports are not accounted for separately from ITCs relating to GST on domestic transactions.

The following table presents details of the GST revenues administered by the Agency for the Government of Canada as reported in the Statement of Administered Revenues:

Date modified:

2005-10-26