Annual Report to Parliament 2014-2015

Unaudited supplementary financial information

Financial performance information – parliamentary appropriations

Introduction

This section provides the details of the CRA's resource management performance for the purpose of reporting to Parliament on the use of appropriations in 2014-2015. This complements the information provided in the spending profile sections under each program and satisfies the reporting requirements set for annual reports to Parliament.

Financial reporting methodologies

The CRA's funding is provided by Parliament through annual appropriations (modified cash accounting basis) and, in this section, the CRA reports its expenditures and performance, together with details on the management of Parliamentary appropriations on the same basis. In addition to its reporting requirements, the CRA also has to prepare its annual financial statements in accordance with the accounting principles applied in preparing the financial statements of the Government of Canada (full accrual accounting basis). Accordingly, the audited Statement of Operations and Agency Net Financial Position – Agency Activities includes certain items such as services received without charge from other government departments and federal agencies. A reconciliation can be found in note 3.

The CRA prepared and included future-oriented financial statements in the 2014-15 Report on Plans and Priorities. As directed by the Treasury Board of Canada Secretariat, this future-oriented financial information was prepared on an accrual basis to strengthen accountability and improve transparency and financial management. As part of the analysis of net cost of operations, the report compares actual results to the initial future-oriented financial statements contained in the 2014-15 Report on Plans and Priorities.  

CRA financial information
Activities of the CRA 2014-15 (dollars) (FTEs)
Main Estimates1 3,861,256,109 38,117
Planned Spending2 3,876,796,322 38,251
Total Authorities3 4,332,396,452 -
Actual Spending 4,060,833,990 38,561

The Financial Statements – Agency Activities reports total Parliamentary appropriations used as $3,861.2 million (note 3b shows the reconciliation to the net cost of operations). The difference from the $4,060.8 million noted above is primarily explained by two items reported in the Financial Statements – Administered Activities, namely statutory disbursements to provinces under the Softwood Lumber Products Export Charge Act, 2006, -$15.1 million; and children's special allowance payments, $214.8 million.

Overview

For 2014-2015, Parliament approved $3,861.3 million through the Main Estimates, as shown in the CRA's 2014-15 Report on Plans and Priorities.

The 2014-2015 Main Estimates were increased to include:

These increases were offset by the following reductions:

This resulted in total approved authorities of $4,332.4 million for 2014-2015, representing an in-year increase of 12.2% over the Main Estimates.

Of the $4,332.4 million total authority, CRA's actual spending totalled $4,060.8 million resulting in $271.6 million remaining unexpended at year-end. After deducting unused resources related primarily to Government advertising campaigns, accommodation and real property services, Canada School of Public Service and employee benefit plans associated with converting operating costs to personnel costs, the remaining $261.4 million is available for use by the CRA in 2015-2016 under its statutory two-year spending authority.

The CRA's two-year spending authority enables the CRA to be more strategic in using public funds by taking a multi-year view of plans and budgets. The financial flexibility in 2014-2015 was notably reduced from the prior fiscal year as a result of the implementation of initiatives to improve efficiency. The carry-forward from 2014-2015 forms part of the CRA's strategy to address unfunded operating pressures in 2015-2016, including the amounts set aside in anticipation of wage settlements for the period under the operating budget freeze.

Revenues administered by the CRA

Total revenues administered by the CRA amount to $376.3 billion in 2014-2015, an increase of 4.6% from the $359.9 billion administered in 2013-2014.

(dollars) 2014-15 2013-14
Federal government 228,945,600,000 222,307,552,000
Provincial, territorial governments and First Nations 102,159,816,000 94,295,236,000
Canada Pension Plan 45,158,794,000 43,264,617,000
Total 376,264,210,000 359,867,405,000

Supplementary information tables

The supplementary information tablesxiv can be found on the CRA's website at www.cra.gc.caxv.

Tax expenditures and evaluations

The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluationsxvi publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.


Table Notes

1. Spending authorized by Parliament at the beginning of the fiscal year.

2. Main Estimates authorities plus other amounts authorized as reported in the 2014-15 Report on Plans and Priorities.

3. Total spending authorized by Parliament during the fiscal year.

Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: