CCRA Annual Report to Parliament 2003-2004 - Financial Statements

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7. Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada and others

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 below:

2004
2003

(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
15,446,545
15,058,154

Total net administered revenues
252,461,533
238,005,647

Less provincial revenues paid directly to provinces:

Revenue administered for Nova Scotia Workers' Compensation
(181,586)
(172,649)

Provincial sales tax on tobacco and alcohol
(51,472)
(40,680)

Total net administered expenses
(7,757,972)
(7,551,186)

Net cash deposited in the Consoldicated Revenue Fund of the Government of Canada
(238,992,512)
(229,852,741)

Net amount due to the Consolidated Revenue Fund on behalf
of the Government of Canada and others at the end of the year

20,924,536
15,446,545



Date modified:
2004-10-28