CRA Annual Report to Parliament 2007-2008 - Audited Financial Statements – Agency Activities

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Audited Financial Statements – Agency Activities

Notes to the Financial Statements – Agency Activities

11. Related party transactions

The Agency is related in terms of common ownership to all Government of Canada departments, agencies, and Crown corporations. The Agency also receives services, which are obtained without charge from other government departments as presented in part (a). All related party transactions entered into by the Agency are in the normal course of business and on normal trade terms applicable to all individuals and enterprises.

(a) Services received without charge from other government agencies and departments:

During the year, the Agency received various services without charge from other government agencies and departments. The estimated costs for significant services provided without charge include:

2008
2007
(in thousands of dollars)
Employer’s contribution to the health insurance plan and employee benefit plans – Treasury Board Secretariat (TBS)
154,143
158,610
Legal services – Justice Canada
50,761
46,800
Audit services – Office of the Auditor General of Canada
2,470
2,110
Workers’ compensation benefits – HRSDC
2,090
1,806
Payroll services – Public Works and Government Services Canada (PWGSC)
1,589
1,635
Accommodation – PWGSC [Footnote 1]
–
225,335
211,053
436,296
[Footnote 1] Effective April 1, 2007, accommodations services are no longer received without charge from PWGSC. The cost of these services is now funded through annual Parliamentary appropriations provided to the CRA for operating expenditures.

(b) Payables and receivables outstanding at year-end with related parties:
2008
2007
(in thousands of dollars)
Accounts receivable (Note 4)
17,969
187,991
Accounts payable
12,937
126,101



Date modified:
2009-01-29