Taxes receivable

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Taxes receivable include amounts assessed by Canada Revenue Agency and the Canada Border Services Agency but not yet collected, as well as estimates of unassessed taxes at year end. Amounts receivable also include related amounts for interest and penalties.

Taxes receivable include taxes, premiums and contributions collectable on behalf of others such as provincial and territorial governments and the Canada Pension Plan. These amounts have also been included in liabilities.

The government establishes an allowance for doubtful accounts to reduce the carrying value of the taxes receivable to amounts that approximate their net realizable value.

Table 7.3 presents taxes receivable by tax stream. Amounts receivable that are written off or forgiven are included in Section 2 of Volume III (Debts, obligations and claims written off or forgiven).

Table 7.3
Taxes receivable as at March 31
(in dollars)
  2025 2024
Gross taxes receivable Allowance for doubtful accounts Net taxes receivable Gross taxes receivable Allowance for doubtful accounts Net taxes receivable
Taxes receivable
Income taxes receivable
Individuals 117,232,062,970 12,139,519,818 105,092,543,152 107,182,981,562 10,565,204,078 96,617,777,484
Employers 34,638,170,938 2,990,094,118 31,648,076,820 34,930,125,282 2,284,386,962 32,645,738,320
Corporations 44,522,217,463 7,106,261,664 37,415,955,799 40,787,462,948 6,211,722,421 34,575,740,527
Non-residents 5,261,008,403 626,016,579 4,634,991,824 4,436,193,287 643,163,062 3,793,030,225
Goods and services taxes receivable 38,669,174,446 7,143,971,702 31,525,202,744 38,972,318,114 6,764,313,734 32,208,004,380
Customs import duties receivable 1,038,811,226 195,812,569 842,998,657 820,583,377 196,316,736 624,266,641
Other excise taxes and duties receivable 3,446,125,076 949,151,937 2,496,973,139 3,157,182,636 577,092,441 2,580,090,195
Total 244,807,570,522 31,150,828,387 213,656,742,135 230,286,847,206 27,242,199,434 203,044,647,772

Table 7.4
Aging of taxes receivable
(in dollars)

  2025 2024
Taxes receivable
Less than one year 146,899,614,097 143,129,970,887
1 to 2 19,229,916,396 15,629,559,614
2 to 3 16,432,880,577 11,102,677,676
3 to 4 11,386,653,808 6,472,273,265
4 to 5 7,129,877,220 6,148,561,966
Over 5 years 43,728,628,424 47,803,803,798
Total 244,807,570,522 230,286,847,206

Tax receivables based on estimates of unassessed taxes at year end are included in current receivables.

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