CRA Annual Report to Parliament 2006-2007

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http://www.cra-arc.gc.ca/gncy/nnnl/2006-2007/prfrmnc-e/fn_stmnt_dt_dmn11-eng.html

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Canada Revenue Agency Financial Statements - Administered Activities

Canada Revenue Agency
Notes to the Financial Statements - Administered Activities

6. Deposit accounts

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. The following table presents activity on the deposit accounts as reported in the Statement of Administered Assets and Liabilities:
2007
2006
(in thousands of dollars)
Balance, beginning of year
51,279
41,888
Receipts and other credits
16,957
21,163
Payments and other charges
(9,584)
(11,772)
Balance, end of the year
58,652
51,279
Securities held in trust
(1,725)
(1,633)
Net deposit accounts
56,927
49,646



Date modified:
2007-11-01