Other Accounts Payable and Accrued Liabilities

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Other accounts payable and accrued liabilities includes accounts payable, accrued salaries and benefits, notes payable to international organizations, the provincial, territorial and Aboriginal tax agreements account, miscellaneous paylist deductions and other accounts.

Table 5.2 presents a summary of the balances for the accounts in this category of accounts payable and accrued liabilities.

Table Summary

The table presents, to the nearest dollar, a two-year comparative summary of the balances by category of other accounts payable and accrued liabilities. It consists of three columns: a detailed listing of components; current year ended March 31; previous year ended March 31. The first set of rows shows the accounts payable followed by a consolidation adjustment and a row for the sub-total. The following rows list all the other categories followed by the total of the table.

Table 5.2
Other Accounts Payable and Accrued Liabilities

  March 31, 2015 March 31, 2014
Accounts payable 31,224,159,839 31,354,305,218
Add: consolidation adjustment Link to footnote 1 3,204,458,020 2,418,773,587
Subtotal 34,428,617,859 33,773,078,805
Accrued salaries and benefits 3,653,603,294 2,545,043,223
Notes payable to international organizations, Table 5.3 34,440,123 471,669,652
Provincial, territorial and Aboriginal tax agreements account, Table 5.4 1,546,959,912 596,288,933
Miscellaneous paylist deductions 142,683,677 49,894,012
Other 614,010,782 660,018,704
Total 40,420,315,646 38,095,993,329

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 retro‑active 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 9.13 (Section 9 of this volume).

Table 5.3 presents the balances and transactions for the notes payable.

Table Summary

The table presents, to the nearest dollar, the notes payable to international organizations. It consists of five columns: a detailed listing of components; April 1 of the current year; receipts and other credits divided into two columns: note issuances and revaluation; payments and other charges divided into two columns: note encashment and revaluation; March 31 of the current year. The last row represents the total of the table.

Table 5.3
Notes Payable to International Organizations

  April 1, 2014 Receipts and other credits Payments and other charges March 31, 2015
Note issuances RevaluationLink to footnote 2 Note encashment RevaluationLink to footnote 2
Finance —            
International Bank for Reconstruction and Development (World Bank) 26,513,065   3,863,641     30,376,706
International Development Association 441,610,000     441,610,000    
Multilateral Investment Guarantee Agency 3,546,587   516,830     4,063,417
Total 471,669,652   4,380,471 441,610,000   34,440,123

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.

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. Table 5.4 presents the accumulated balances and the net position of the revenues and the payments made to the provinces and territories for personal income and corporate taxes as well as for First Nations Sales Tax, First Nations Goods and Services Tax, First Nations Personal Income Tax and Harmonized Sales Tax.

Table Summary

The table presents, to the nearest dollar, the provincial, territorial and aboriginal tax agreements accounts. It consists of five columns: a detailed listing of components; April 1 of the current year; receipts and other credits; payments and other charges; March 31 of the current year. The table shows five series of rows each followed by a total. The last row of the table presents the total of the table.

Table 5.4
Provincial, Territorial and Aboriginal Tax Agreements Account

  April 1, 2014 Receipts and other credits Payments and other charges March 31, 2015
Total Personal Income Tax administered by Canada Revenue Agency 3,379,950,594 61,798,078,194   65,178,028,788
Less: payments to provinces, territories and Aboriginal governments —        
Newfoundland and Labrador     1,310,431,714 1,310,431,714
Prince Edward Island     348,789,480 348,789,480
Nova Scotia     2,316,157,603 2,316,157,603
New Brunswick     1,524,208,016 1,524,208,016
Ontario     31,789,893,865 31,789,893,865
Manitoba     2,957,421,927 2,957,421,927
Saskatchewan     2,508,098,769 2,508,098,769
Alberta     11,276,297,021 11,276,297,021
British Columbia     7,895,093,496 7,895,093,496
Yukon     65,239,751 65,239,751
Northwest Territories     84,965,795 84,965,795
Nunavut     27,680,568 27,680,568
Aboriginal governments     19,452,785 19,452,785
Subtotal     62,123,730,790 62,123,730,790
Total personal income tax on hand 3,379,950,594 61,798,078,194 62,123,730,790 3,054,297,998
Total Corporate Income Tax administered by Canada Revenue Agency 292,611,089 14,142,719,637   14,435,330,726
Less: payments to provinces and territories —        
Newfoundland and Labrador     303,325,094 303,325,094
Prince Edward Island     48,489,373 48,489,373
Nova Scotia     468,876,449 468,876,449
New Brunswick     239,423,936 239,423,936
Ontario     8,400,777,053 8,400,777,053
Quebec     53,155,869 53,155,869
Manitoba     545,451,686 545,451,686
Saskatchewan     968,282,355 968,282,355
Alberta     68,173,792 68,173,792
British Columbia     2,174,988,244 2,174,988,244
Yukon     24,368,124 24,368,124
Northwest Territories     29,853,078 29,853,078
Nunavut     16,365,921 16,365,921
Subtotal     13,341,530,974 13,341,530,974
Total corporate income tax on hand 292,611,089 14,142,719,637 13,341,530,974 1,093,799,752
Total Harmonized Sales Tax administered by Canada Revenue Agency (negative 3,076,272,750) 25,009,394,306   21,933,121,556
Less: payments to provinces and territories —        
Newfoundland and Labrador     994,390,153 994,390,153
Prince Edward Island     239,713,523 239,713,523
Nova Scotia     1,838,797,723 1,838,797,723
New Brunswick     1,109,083,167 1,109,083,167
Ontario     20,443,797,377 20,443,797,377
British Columbia Link to footnote 3     (negative 91,522,549) (negative 91,522,549)
Subtotal     24,534,259,394 24,534,259,394
Total harmonized sales tax on hand (negative 3,076,272,750) 25,009,394,306 24,534,259,394 (negative 2,601,137,838)
Total First Nations Sales Tax administered by Canada Revenue Agency   7,370,951   7,370,951
Less: payments to Aboriginal governments     7,370,951 7,370,951
Total First Nations Sales Tax on hand   7,370,951 7,370,951  
Total First Nations Goods and Services Sales Tax administered by Canada Revenue Agency   17,122,757   17,122,757
Less: payments to Aboriginal governments     17,122,757 17,122,757
Total First Nations Goods and Services Sales Tax on hand   17,122,757 17,122,757  
Total 596,288,933 100,974,685,845 100,024,014,866 1,546,959,912

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.

Footnote 1

Additional information on the consolidated Crown corporations and other entities is provided in Section 4 of this volume.

Return to footnote 1 referrer

Footnote 2

Notes denominated in foreign currencies are translated into Canadian dollars at the year‑end closing rate of exchange.

Return to footnote 2 referrer

Footnote 3

A negative number under the column "Payments and other charges" represents the net recovery of amounts during the year.

Return to footnote 3 referrer

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