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The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits.
The federal government collects personal income taxes on behalf of all provinces and territories. It also collects corporate income taxes on behalf of all provinces and territories except Alberta. Canada's federal income tax system is administered by the Canada Revenue Agency (CRA).
Federal taxes are collected by the Canada Revenue Agency (CRA). Under tax collection agreements, the CRA collects and remits to the provinces: provincial personal income taxes on behalf of all provinces except Quebec, through a system of unified tax returns. corporate taxes on behalf of all provinces except Quebec and Alberta.
Tax returns in Canada refer to the obligatory forms that must be submitted to the Canada Revenue Agency (CRA) each financial year for individuals or corporations earning an income in Canada.
The minister of national revenue (French: ministre du revenu national) is the minister of the Crown in the Canadian Cabinet who is responsible for the Canada Revenue Agency (CRA), as well as the administration of taxation law and collection.
The goods and services tax [1] ( GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
In 2019, the total revenue from income taxes totaled $223.6 billion, with corporate income tax accounting for $50.4 billion, personal income taxes accounting for $163.9 billion, and non-resident income taxes accounting for $9.4 billion. [2]
In Canada, there are two types of sales taxes levied. These are : Provincial sales taxes ( PST ), levied by the provinces. Goods and services tax ( GST )/ harmonized sales tax ( HST ), a value-added tax levied by the federal government. The GST applies nationally.
The following list outlines the structure of the federal government of Canada, the collective set of federal institutions which can be grouped into the legislative, executive, and judicial branches. In turn, these are further divided into departments, agencies, and other organizations which support the day-to-day function of the Canadian state.
Consolidated Revenue Fund of Canada. The Consolidated Revenue Fund of Canada ( French: Fonds consolidé de revenu du Canada) is the account into which taxes and revenue are deposited, and from which funds are withdrawn in order to defray the costs of public services. Funds are deposited and withdrawn by the Receiver General for Canada .