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, in dollars, a two-year comparative summary of the balances for other accounts payable and accrued liabilities accounts. It consists of three columns: a detailed listing of components; current year ended March 31; previous year ended March 31. The first series of rows presents the accounts payable plus the consolidation adjustment and the subtotal. The following rows list all the other accounts in this category. A final row presents the total for this table.

Table 5.2
Other accounts payable and accrued liabilities
(in dollars)

  March 31, 2016 March 31, 2015
Accounts payable 31,273,862,741 31,224,159,839
Add: consolidation adjustmentLink to footnote 1 4,752,783,403 3,204,458,020
Subtotal 36,026,646,144 34,428,617,859
Accrued salaries and benefits 4,558,674,474 3,653,603,294
Notes payable to international organizations, Table 5.3 35,312,954 34,440,123
Provincial, Territorial and Aboriginal Tax Agreements Account, Table 5.4 4,326,846,356 1,546,959,912
Miscellaneous paylist deductions 73,005,759 142,683,677
Allowance for guarantees 311,507,982 317,111,364
Other 638,463,274 614,010,782
Total 45,970,456,943 40,737,427,010

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 in Section 9 of this volume.

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

Table summary

The table presents, in dollars, 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. A final row presents the total for this table.

Table 5.3
Notes payable to international organizations

(in dollars)

  April 1, 2015 Receipts and other credits Payments and other charges March 31, 2016
Note issuances RevaluationLink to footnote 2 Note encashment RevaluationLink to footnote 2
Finance
International Bank for Reconstruction and Development (World Bank) 30,376,706 769,850 31,146,556
Multilateral Investment Guarantee Agency 4,063,417 102,981 4,166,398
Total 34,440,123 769,850 102,981 35,312,954

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, in dollars, the accumulated balances and the net position of the revenues and the payments made to the Provincial, Territorial and Aboriginal Tax Agreements Account. 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 presents five series of rows minus related payments made to provinces, territories and Aboriginal governments for the following tax agreements administered by Canada Revenue Agency: Personal income tax; Corporate income tax; Harmonized sales tax; First Nations sales tax; and First Nations goods and services tax. A row follows each series respectively presenting the total amount on hand for the agreement. A final row presents the total for this table.

Table 5.4
Provincial, Territorial and Aboriginal Tax Agreements Account

(in dollars)

  April 1, 2015 Receipts and other credits Payments and other charges March 31, 2016
Total personal income tax administered by Canada Revenue Agency 3,054,297,998 66,481,950,229 69,536,248,227
Less: payments to provinces, territories and Aboriginal governments
Newfoundland and Labrador 1,308,475,400 1,308,475,400
Prince Edward Island 330,559,320 330,559,320
Nova Scotia 2,540,212,453 2,540,212,453
New Brunswick 1,654,456,714 1,654,456,714
Ontario 33,983,131,256 33,983,131,256
Manitoba 3,100,847,846 3,100,847,846
Saskatchewan 2,620,607,012 2,620,607,012
Alberta 11,398,171,238 11,398,171,238
British Columbia 8,275,212,600 8,275,212,600
Yukon 61,607,104 61,607,104
Northwest Territories 82,729,512 82,729,512
Nunavut 30,559,156 30,559,156
Aboriginal governments 24,679,902 24,679,902
Subtotal 65,411,249,513 65,411,249,513
Total personal income tax on hand 3,054,297,998 66,481,950,229 65,411,249,513 4,124,998,714
Total corporate income tax administered by Canada Revenue Agency 1,093,799,752 16,549,387,076 17,643,186,828
Less: payments to provinces and territories
Newfoundland and Labrador 319,686,478 319,686,478
Prince Edward Island 52,391,494 52,391,494
Nova Scotia 369,215,171 369,215,171
New Brunswick 225,785,586 225,785,586
Ontario 9,183,133,415 9,183,133,415
Quebec 54,075,109 54,075,109
Manitoba 492,811,494 492,811,494
Saskatchewan 864,744,510 864,744,510
Alberta 76,980,885 76,980,885
British Columbia 2,182,387,441 2,182,387,441
Yukon 11,543,043 11,543,043
Northwest Territories 48,883,117 48,883,117
Nunavut 18,568,978 18,568,978
Subtotal 13,900,206,721 13,900,206,721
Total corporate income tax on hand 1,093,799,752 16,549,387,076 13,900,206,721 3,742,980,107
Total harmonized sales tax administered by Canada Revenue Agency (negative 2,601,137,838) 26,160,756,972 23,559,619,134
Less: payments to provinces and territories
Newfoundland and Labrador 968,091,461 968,091,461
Prince Edward Island 243,857,616 243,857,616
Nova Scotia 1,988,045,494 1,988,045,494
New Brunswick 1,234,978,101 1,234,978,101
Ontario 22,720,391,076 22,720,391,076
British ColumbiaLink to footnote 3 (negative 54,612,149) (negative 54,612,149)
Subtotal 27,100,751,599 27,100,751,599
Total harmonized sales tax on hand (negative 2,601,137,838) 26,160,756,972 27,100,751,599 (negative 3,541,132,465)
Total First Nations sales tax administered by Canada Revenue Agency 6,952,187 6,952,187
Less: payments to Aboriginal governments 6,952,187 6,952,187
Total First Nations sales tax on hand 6,952,187 6,952,187
Total First Nations goods and services sales tax administered by Canada Revenue Agency 17,765,233 17,765,233
Less: payments to Aboriginal governments 17,765,233 17,765,233
Total First Nations goods and services sales tax on hand 17,765,233 17,765,233
Total 1,546,959,912 109,216,811,697 106,436,925,253 4,326,846,356

Miscellaneous paylist deductions

Deductions from the salaries and wages of certain employees are credited to this account pending transmittal to related outside organizations.

Allowance for guarantees

This category of accounts payable and accrued liabilities includes the allowance for guarantees provided by the Government. An allowance is recorded for guarantees when it is likely that a payment will be made in the future to honour a guarantee and when the amount of the loss can be reasonably estimated. As at March 31, 2016, the allowance for guarantees is $312 million ($317 million in 2015).

Additional information relating to guarantees can be found in Note 18—Guarantees in Section 2 and in Table 11.5 in Section 11 of this volume. In addition, Table 9.6 in Section 9 includes details on the borrowings of agent and non-agent enterprise Crown corporations and other government business enterprises. In accordance with section 54 of the Financial Administration Act, the payment of all money borrowed by agent enterprise Crown corporations, and interest thereon, is a charge on and payable out of the Consolidated Revenue Fund. Such borrowings therefore constitute unconditional obligations of the Government. In contrast, borrowings of non-agent enterprise Crown corporations and other government business enterprises may, at times, be guaranteed by the Government.

Other

Miscellaneous accounts payable and accrued liabilities such as provincial sales tax collected on sales are recorded in this account.

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