Other accounts payable and accrued liabilities
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2019 | 2018 RestatedLink to footnote 1 |
|
---|---|---|
Accounts payable | 28,026,025,457 | 22,946,774,759 |
Add: consolidation adjustmentLink to footnote 2 | 1,460,940,143 | 1,348,374,360 |
Subtotal | 29,486,965,600 | 24,295,149,119 |
Accrued salaries and benefits | 5,215,246,318 | 5,104,848,495 |
Notes payable to international organizations, Table 5.3 | 195,955,069 | 240,249,239 |
Provincial, Territorial and Aboriginal Tax Agreements Account, Table 5.4 | 7,067,872,435 | 7,419,117,814 |
Miscellaneous paylist deductions | 180,564,779 | 125,895,328 |
Other | 527,268,338 | 506,438,685 |
Total | 42,673,872,539 | 37,691,698,680 |
Accounts payable
This account records amounts owing at year end pursuant to contractual arrangements, or for work performed, goods received, or services rendered, accrued amounts to be paid from appropriations and statutory authorities, and accrued financial obligations of consolidated Crown corporations and other entities.
Accrued salaries and benefits
This account records salaries and wages owing at year end, amounts owing for earned and unpaid annual vacation leave and compensation time, and other accrued amounts relating to unpaid or retroactive salaries.
Notes payable to international organizations
Share capital subscriptions, loans and advances are made to international organizations using cash, notes payable, or both, that are later presented for encashment according to terms of agreements. These demand notes are non-interest bearing and are non-negotiable. The subscriptions, loans and advances are recorded as assets and details are reported in Table 9.12 in Section 9 of this volume.
April 1, 2018 | Receipts and other credits | Payments and other charges | March 31, 2019 | |||
---|---|---|---|---|---|---|
Note issuances | RevaluationLink to footnote 1 | Note encashment | RevaluationLink to footnote 1 | |||
Department of Finance | ||||||
Asian Infrastructure Investment Bank | 205,216,352 | – | 7,847,009 | 53,440,909 | – | 159,622,452 |
International Bank for Reconstruction and Development (World Bank) | 30,899,532 | – | 1,146,382 | – | – | 32,045,914 |
Multilateral Investment Guarantee Agency | 4,133,355 | – | 153,348 | – | – | 4,286,703 |
Total | 240,249,239 | – | 9,146,739 | 53,440,909 | – | 195,955,069 |
Provincial, Territorial and Aboriginal Tax Agreements Account
This account records taxes administered by the Government of Canada on behalf of provinces, territories, and Aboriginal governments, in accordance with agreements entered into by the Minister of Finance pursuant to the Federal-Provincial Fiscal Arrangements Act and, in the case of First Nations Goods and Services Tax, pursuant to the First Nations Goods and Services Tax Act.
The Government of Canada, as represented by the Minister of Finance, has entered into agreements with all provinces and territories (except Quebec) to collect and administer personal income tax, and with all provinces and territories (except Quebec and Alberta) to collect and administer corporate tax, and to pay amounts assessed in respect thereof in accordance with the agreements.
Agreements have also been entered into with certain aboriginal governments, to collect First Nations Personal Income Tax as well as First Nations Sales Tax levied on motive fuels, tobacco, and alcohol and First Nations Goods and Services Tax levied on the same range of goods and services as the federal goods and services tax, and to make payments to the respective governments in accordance with the agreements.
This account also records transactions relating to agreements that the Government of Canada has entered into with the provinces of Ontario, New Brunswick, Nova Scotia, Newfoundland and Labrador and Prince Edward Island regarding the Harmonized Sales Tax, and payments made to those provinces in accordance with the Comprehensive Integrated Tax Coordination Agreements between the Government of Canada and the provinces. Effective April 1, 2013, the province of British Columbia returned to the provincial sales tax regime.
In addition, the account records transactions related to the Coordinated Cannabis Taxation Agreements reached with all provinces and territories (except Manitoba). Provinces and territories receive revenues from the cannabis excise duty imposed under the Excise Act, 2001. The Government of Canada pays provinces monthly based on the duties assessed, in accordance with the agreements.
The Public Accounts of Canada reports information on an April to March fiscal year basis, while tax information is generally calculated on a calendar year basis. Transactions related to several tax years can occur during a given fiscal year. For example, during a given fiscal year, payments are made, based on estimates, in respect of two calendar years (April to December and January to March). During this period, it is also necessary to make payments or adjustments related to tax revenues, rebates and credits for previous calendar years.
April 1, 2018 | Receipts and other credits | Payments and other charges | March 31, 2019 | |
---|---|---|---|---|
Total personal income tax administered by the Government of Canada | 5,551,993,805 | 74,027,984,793 | 79,579,978,598 | |
Less: payments to provinces, territories and Aboriginal governments | ||||
Newfoundland and Labrador | 1,547,123,267 | 1,547,123,267 | ||
Prince Edward Island | 404,390,525 | 404,390,525 | ||
Nova Scotia | 2,746,001,479 | 2,746,001,479 | ||
New Brunswick | 1,787,195,544 | 1,787,195,544 | ||
Ontario | 38,787,890,130 | 38,787,890,130 | ||
Manitoba | 3,421,117,729 | 3,421,117,729 | ||
Saskatchewan | 2,248,817,946 | 2,248,817,946 | ||
Alberta | 11,728,625,346 | 11,728,625,346 | ||
British Columbia | 11,233,097,086 | 11,233,097,086 | ||
Yukon | 78,344,588 | 78,344,588 | ||
Northwest Territories | 89,144,116 | 89,144,116 | ||
Nunavut | 36,397,984 | 36,397,984 | ||
Aboriginal governments | 26,551,801 | 26,551,801 | ||
Subtotal | 74,134,697,541 | 74,134,697,541 | ||
Total personal income tax on hand | 5,551,993,805 | 74,027,984,793 | 74,134,697,541 | 5,445,281,057 |
Total corporate income tax administered by the Government of Canada | 4,932,478,405 | 22,708,776,898 | 27,641,255,303 | |
Less: payments to provinces and territories | ||||
Newfoundland and Labrador | 283,825,484 | 283,825,484 | ||
Prince Edward Island | 104,176,057 | 104,176,057 | ||
Nova Scotia | 564,037,771 | 564,037,771 | ||
New Brunswick | 442,621,099 | 442,621,099 | ||
Ontario | 16,241,216,486 | 16,241,216,486 | ||
Quebec | 49,741,984 | 49,741,984 | ||
Manitoba | 554,515,363 | 554,515,363 | ||
Saskatchewan | 729,363,923 | 729,363,923 | ||
Alberta | 126,871,029 | 126,871,029 | ||
British Columbia | 3,994,002,631 | 3,994,002,631 | ||
Yukon | 10,524,606 | 10,524,606 | ||
Northwest Territories | 22,576,552 | 22,576,552 | ||
Nunavut | 29,460,624 | 29,460,624 | ||
Subtotal | 23,152,933,609 | 23,152,933,609 | ||
Total corporate income tax on hand | 4,932,478,405 | 22,708,776,898 | 23,152,933,609 | 4,488,321,694 |
Total harmonized sales tax administered by the Government of Canada | (negative 3,065,354,396) | 31,340,168,120 | 28,274,813,724 | |
Less: payments to provinces and territories | ||||
Newfoundland and Labrador | 1,062,709,905 | 1,062,709,905 | ||
Prince Edward Island | 297,546,054 | 297,546,054 | ||
Nova Scotia | 1,859,818,686 | 1,859,818,686 | ||
New Brunswick | 1,520,748,143 | 1,520,748,143 | ||
Ontario | 26,459,972,009 | 26,459,972,009 | ||
British Columbia | 7,143,403 | 7,143,403 | ||
Subtotal | 31,207,938,200 | 31,207,938,200 | ||
Total harmonized sales tax on hand | (negative 3,065,354,396) | 31,340,168,120 | 31,207,938,200 | (negative 2,933,124,476) |
Total cannabis tax administered by the Government of Canada | – | 76,040,081 | 76,040,081 | |
Less: payments to provinces and territories | ||||
Newfoundland and Labrador | 37,615 | 37,615 | ||
Prince Edward Island | 69,222 | 69,222 | ||
Nova Scotia | 386,799 | 386,799 | ||
New Brunswick | 204,409 | 204,409 | ||
Ontario | 2,490,180 | 2,490,180 | ||
Quebec | 1,173,694 | 1,173,694 | ||
Saskatchewan | 208,365 | 208,365 | ||
Alberta | 2,678,221 | 2,678,221 | ||
British Columbia | 1,339,775 | 1,339,775 | ||
Yukon | 39,928 | 39,928 | ||
Northwest Territories | 10,892 | 10,892 | ||
Nunavut | 6,821 | 6,821 | ||
Subtotal | 8,645,921 | 8,645,921 | ||
Total cannabis tax on hand | – | 76,040,081 | 8,645,921 | 67,394,160 |
Total First Nations sales tax administered by the Government of Canada | – | 7,803,173 | – | 7,803,173 |
Less: payments to Aboriginal governments | – | – | 7,803,173 | 7,803,173 |
Total First Nations sales tax on hand | – | 7,803,173 | 7,803,173 | – |
Total First Nations goods and services sales tax administered by the Government of Canada | – | 20,944,938 | – | 20,944,938 |
Less: payments to Aboriginal governments | – | – | 20,944,938 | 20,944,938 |
Total First Nations goods and services sales tax on hand | – | 20,944,938 | 20,944,938 | – |
Total | 7,419,117,814 | 128,181,718,003 | 128,532,963,382 | 7,067,872,435 |
Miscellaneous paylist deductions
Deductions from the salaries and wages of certain employees are credited to this account pending transmittal to related outside organizations.
Other
Miscellaneous accounts payable and accrued liabilities such as provincial sales tax collected on sales are recorded in this account.