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)
  2023 2022
Personal and non-resident income tax 48,596,841,739 44,231,287,827
Corporate income tax 14,653,347,429 17,757,917,104
Goods and services tax 21,400,935,978 16,405,832,932
Customs import duties and excise taxes and duties 96,105,282 67,651,001
Total 84,747,230,428 78,462,688,864

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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