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)
  2025 2024
Personal and non-resident income tax 55,140,549,642 51,423,227,768
Corporate income tax 19,013,990,895 16,173,078,861
Goods and services tax 20,484,430,578 19,980,755,155
Customs import duties and excise taxes and duties 151,067,384 160,473,809
Total 94,790,038,499 87,737,535,593

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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