Amounts payable related to tax

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Amounts payable related to tax are based on assessments as well as estimates of refunds owing for assessments not completed by year end.

Table 5.6
Amounts payable related to tax
(in dollars)
  2020 2019
Personal and non-resident income tax 34,144,018,147 36,803,289,851
Corporate income tax 12,867,493,157 14,923,539,650
Goods and services tax 12,982,736,362 13,395,173,889
Customs import duties and excise taxes and duties 191,816,083 78,483,492
Total 60,186,063,749 65,200,486,882

Personal and non-resident income tax

This account records tax refunds payable to individual taxpayers as well as amounts payable to employers and other withholders of personal income tax. This account also includes any interest owing on the balances.

Corporate income tax

This account records tax refunds payable and any interest owing to corporate taxpayers.

Goods and services tax

This account records refunds, rebates and any interest owing related to the goods and services tax.

Customs and excise

This account records refunds of customs import duties, excise taxes and duties, energy taxes and any interest owing on the balances.

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