CRA Annual Report to Parliament 2005-2006

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http://www.cra-arc.gc.ca/gncy/nnnl/2005-2006/prfrmnc-e/fn_stmt_dt_dmn12-eng.html

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Audited Financial Statements – Administered Activities

Notes to the Financial Statements – Administered Activities

7. Net amount due to the Consolidated Revenue Fund

The net cash deposited in the Consolidated Revenue Fund (CRF) of the Government of Canada includes all amounts collected on behalf of the federal government, provinces, territories, and other organizations by the Agency and deposited in the CRF, less refunds and payments issued from the CRF during the year.

The net amount due to the CRF on behalf of the Government of Canada and others is the difference between administered assets (taxes not yet collected and/or deposited in the CRF) and other administered liabilities payable by the Agency out of the CRF. The change in the net amount due to the CRF during the fiscal year is presented in the table below:
2006
2005
(in thousands of dollars)
Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada and others at the beginning of the year
20,954,487
18,099,091
Total net administered revenues
257,971,449
241,591,560
Less provincial revenues paid directly to provinces:
Revenue administered for Nova Scotia workers' compensation (Note 11)
(202,709)
(189,466)
Total net administered expenses and recoveries
(10,220,875)
(8,231,042)
Net cash deposited in the Consolidated Revenue Fund of the Government of Canada
(244,321,460)
(230,315,656)
Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada and others at the end of the year
24,180,892
20,954,487


Audited

Date modified:
2006-11-23