Taxes receivable

Public Accounts of Canada 2019 Volume I—Top of the page Navigation

Taxes receivable include amounts assessed by Canada Revenue Agency and the Canada Border Services Agency but not yet collected, as well as estimates of unassessed taxes at year end. Amounts receivable also include related amounts for interest and penalties.

Taxes receivable include taxes, premiums and contributions collectable on behalf of others such as provincial and territorial governments and the Canada Pension Plan. These amounts have also been included in liabilities.

The Government establishes an allowance for doubtful accounts to reduce the carrying value of the taxes receivable to amounts that approximate their net realizable value.

Table 7.3 presents taxes receivable by tax stream. Amounts receivable that are written off or forgiven are included in Section 2 of Volume III (Debts, obligations and claims written off or forgiven).

Table 7.3
Taxes receivable as at March 31
(in dollars)
  2019 2018
Gross taxes receivable Allowance for doubtful accounts Net taxes receivable Gross taxes receivable Allowance for doubtful accounts Net taxes receivable
Taxes receivable
Income taxes receivable
Individuals 70,465,757,148 7,560,795,187 62,904,961,961 67,171,698,839 7,241,492,017 59,930,206,822
Employers 21,993,133,398 1,152,431,878 20,840,701,520 21,449,069,560 1,100,857,198 20,348,212,362
Corporations 20,296,700,592 2,976,231,550 17,320,469,043 20,175,441,045 3,066,207,663 17,109,233,382
Non-residents 2,027,133,502 96,756,886 1,930,376,616 2,018,871,971 137,055,373 1,881,816,598
Goods and services taxes receivable 24,594,850,908 2,491,668,152 22,103,182,756 23,880,438,148 2,441,049,452 21,439,388,696
Customs import duties receivable 809,485,262 80,114,671 729,370,591 636,363,253 59,197,704 577,165,549
Other excise taxes and duties receivable 1,933,206,812 201,123,447 1,732,083,365 2,048,080,110 299,342,282 1,748,737,828
Total 142,120,267,623 14,559,121,771 127,561,145,852 137,379,962,926 14,345,201,689 123,034,761,237

Table 7.4
Aging of taxes receivable
(in dollars)
  2019 2018
Taxes receivable
Less than one year 92,967,829,675 90,654,668,405
1-2 7,813,139,743 7,678,941,399
2-3 5,855,837,635 6,797,321,768
3-4 5,899,196,411 5,079,581,151
4-5 4,743,307,764 4,937,795,246
Over 5 years 24,840,956,395 22,231,654,957
Total 142,120,267,623 137,379,962,926

Tax receivables based on estimates of unassessed taxes at year end are included in current receivables.

Public Accounts of Canada 2019 Volume I—Bottom of the page Navigation

Report a problem or mistake on this page
Date modified: