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 5.2
Other accounts payable and accrued liabilities
(in dollars)

  March 31, 2017 March 31, 2016
Accounts payable 19,142,405,030 19,058,624,055
Add: consolidation adjustmentLink to footnote 1 6,699,628,182 4,540,433,403
Subtotal 25,842,033,212 23,599,057,458
Accrued salaries and benefits 5,589,119,440 4,558,674,474
Notes payable to international organizations, Table 5.3 36,161,313 35,312,954
Provincial, Territorial and Aboriginal Tax Agreements Account, Table 5.4 2,385,335,092 4,326,846,356
Miscellaneous paylist deductions 65,258,090 73,005,759
Other 513,516,198 638,463,274
Total 34,431,423,345 33,231,360,275

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 9.12 in Section 9 of this volume.

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

Table 5.3
Notes payable to international organizations

(in dollars)

  April 1, 2016 Receipts and other credits Payments and other charges March 31, 2017
Note issuances RevaluationLink to footnote 2 Note encashment RevaluationLink to footnote 2
Department of Finance
International Bank for Reconstruction and Development (World Bank) 31,146,556 748,265 31,894,821
Multilateral Investment Guarantee Agency 4,166,398 100,094 4,266,492
Total 35,312,954 848,359 36,161,313

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 5.4
Provincial, Territorial and Aboriginal Tax Agreements Account
(in dollars)

  April 1, 2016 Receipts and other credits Payments and other charges March 31, 2017
Total personal income tax administered by the Government of Canada 4,124,998,714 64,715,595,354 68,840,594,068
Less: payments to provinces, territories and Aboriginal governments
Newfoundland and Labrador 1,610,907,178 1,610,907,178
Prince Edward Island 362,772,279 362,772,279
Nova Scotia 2,670,075,559 2,670,075,559
New Brunswick 1,642,472,773 1,642,472,773
Ontario 37,068,226,564 37,068,226,564
Manitoba 3,336,721,639 3,336,721,639
Saskatchewan 2,455,466,662 2,455,466,662
Alberta 11,121,411,669 11,121,411,669
British Columbia 9,456,835,075 9,456,835,075
Yukon 69,077,474 69,077,474
Northwest Territories 96,561,192 96,561,192
Nunavut 31,928,115 31,928,115
Aboriginal governments 26,128,055 26,128,055
Subtotal 69,948,584,234 69,948,584,234
Total personal income tax on hand 4,124,998,714 64,715,595,354 69,948,584,234 (negative 1,107,990,166)
Total corporate income tax administered by the Government of Canada 3,742,980,107 19,245,949,633 22,988,929,740
Less: payments to provinces and territories
Newfoundland and Labrador 292,226,433 292,226,433
Prince Edward Island 68,145,581 68,145,581
Nova Scotia 471,205,941 471,205,941
New Brunswick 327,916,323 327,916,323
Ontario 10,951,938,668 10,951,938,668
Quebec 65,128,031 65,128,031
Manitoba 435,684,374 435,684,374
Saskatchewan 860,847,319 860,847,319
Alberta 78,245,047 78,245,047
British Columbia 2,419,846,143 2,419,846,143
Yukon 12,285,406 12,285,406
Northwest Territories 64,145,817 64,145,817
Nunavut 14,153,923 14,153,923
Subtotal 16,061,769,006 16,061,769,006
Total corporate income tax on hand 3,742,980,107 19,245,949,633 16,061,769,006 6,927,160,734
Total harmonized sales tax administered by the Government of Canada (negative 3,541,132,465) 28,404,467,717 24,863,335,252
Less: payments to provinces and territories
Newfoundland and Labrador 1,084,981,975 1,084,981,975
Prince Edward Island 255,021,141 255,021,141
Nova Scotia 1,866,254,362 1,866,254,362
New Brunswick 1,367,897,453 1,367,897,453
Ontario 23,717,362,940 23,717,362,940
British Columbia 5,652,857 5,652,857
Subtotal 28,297,170,728 28,297,170,728
Total harmonized sales tax on hand (negative 3,541,132,465) 28,404,467,717 28,297,170,728 (negative 3,433,835,476)
Total First Nations sales tax administered by the Government of Canada 8,338,415 8,338,415
Less: payments to Aboriginal governments 8,338,415 8,338,415
Total First Nations sales tax on hand 8,338,415 8,338,415
Total First Nations goods and services sales tax administered by the Government of Canada 17,244,614 17,244,614
Less: payments to Aboriginal governments 17,244,614 17,244,614
Total First Nations goods and services sales tax on hand 17,244,614 17,244,614
Total 4,326,846,356 112,391,595,733 114,333,106,997 2,385,335,092

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.

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