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_dmn14-eng.html

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Canada Revenue Agency Financial Statements - Administered Activities

Canada Revenue Agency
Notes to the Financial Statements - Administered Activities

9. Good and Services Tax (GST) revenues

The GST reported on the Statement of Administered Revenues is net of Input Tax Credits (ITC), rebates and the GST quarterly tax credit for low income individuals and families administered by the Agency. It does not include GST revenues on imported goods of $21,368 million in 2007 ($23,253 million in 2006), which are administered and reported by the Canada Border Services Agency (CBSA). The Canada Revenue Agency has 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:
2007
2006
(in thousands of dollars)
GST revenues net of ITCs
19,348,704
19,393,254
GST rebates
(4,776,014)
(5,004,412)
GST quarterly tax credits for low income individuals and families
(3,463,921)
(3,401,492)
GST net revenues
11,108,769
10,987,350



Date modified:
2007-11-01