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Cheques distributed by the Government of Canada to citizens and organizations are made in the name of the Receiver General, just as payments to the Government are made out to the same. The Receiver General by convention, however, never exercises any degree of discretion over payments to or from the Consolidated Revenue Fund, other than by ...
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. [ 4 ]
Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the fiscal year ending March 31, 2018, the federal government collected just over three times more revenue from personal income taxes than it did from corporate income taxes .
At the federal level, Canada has imposed other excise taxes in the past: From 1915 to 1953, on the issue of cheques and other commercial paper. [50] From 1920 to 1927, on advances of money [51] From 1920 to 1953, on the transfer of securities. [52] Initially applying to shares, [53] it was extended to cover bonds and related items in 1922. [54]
The receiver general for Canada (French: receveur général du Canada) is responsible for making payments to the Government of Canada each fiscal year, accepting payments from financial institutions and preparing the Public Accounts of Canada, containing annual audited financial statements of the Government of Canada.
Unlike conditional transfer payments such as the Canada Health Transfer or the Canada Social Transfer, the money the provinces receive through equalization can be spent in any way the provincial government desires. The payments are meant to guarantee "reasonably comparable levels" of health care, education, and welfare in all the provinces. The ...
A cheque used to pay wages may be referred to as a payroll cheque. Even when the use of cheques for paying wages and salaries became rare, the vocabulary "pay cheque" still remained commonly used to describe the payment of
In the United States, payment in lieu of taxes can arise in several ways: Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax ...