CCRA Annual Report to Parliament 2004-2005

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Audited Financial Statements - Administered Activities

Notes to the Financial Statements - Administered Activities

4. Amounts receivable from taxpayers

Amounts receivable from individuals, employers, and non-residents taxpayers include income taxes, Canada Pension Plan contributions, Employment Insurance premiums and related interest and penalties receivable.
2005
2004
(Restated - Note 3 )
Gross
Allowance for Doubtful Accounts
Net
Net
(in thousands of dollars)
Individuals, Employers, and Non-Residents
42,492,858
(3,615,237)
38,877,621
34,262,824
Corporations
6,968,542
(847,333)
6,121,209
5,181,666
Goods and services tax (GST) and Excise taxes and duties
8,808,851
(1,278,117)
7,530,734
7,555,887
Total
58,270,251
(5,740,687)
52,529,564
47,000,377

Details of the allowance for doubtful accounts are as follows:
Allowance for Doubtful Accounts April 1, 2004
Provision for Doubtful Accounts
Write-Offs
Allowance for Doubtful Accounts March 31, 2005
(Restated - Note 3 )
(in thousands of dollars)
Individuals, Employers, and Non-Residents
(4,403,160)
(861,350)
1,649,273
(3,615,237)
Corporations
(1,215,631)
(36,517)
404,815
(847,333)
Goods and services tax (GST) and Excise taxes and duties
(1,719,118)
(165,230)
606,231
(1,278,117)
Total
(7,337,909)
(1,063,097)
2,660,319
(5,740,687)

The restated allowance for doubtful accounts of $7,337 million reported above excludes $260 million for the portion of the allowance relating to the amounts receivable transferred to CBSA. The provision of $1,063 million reported above includes an amount of $967 million charged against revenues administered on behalf of the federal government (see Note 2 (e)) and $96 million charged against revenues administered on behalf of the Canada Pension Plan (see Note 13).



Date modified:
2005-10-26