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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. [ 4 ]
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.
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 .
Canada is a federation with eleven components: the national Government of Canada and ten provincial governments. All eleven governments derive their authority from the Constitution of Canada . There are also three territorial governments in the far north, which exercise powers delegated by the federal parliament , and municipal governments ...
This Part lays out the financial functioning of the government of Canada and the provincial governments. It establishes a fiscal union where the federal government is liable for the debts of the provinces (Sections 111–116). It establishes the tradition of the federal government supporting the provinces through fiscal transfers (Section 119).
Canada's Telecommunications Act "specifies the need for national ownership and control of Canadian carriers". [5] Since 2005, arctic ice melting in Northern Canada has caused issues affecting Canadian sovereignty, as some arctic countries have come in conflict over an agreement on who owns certain areas in the oil-rich Arctic. [6]
Most provinces employ a system of federal-provincial agreements whereby the tax is collected on behalf of a province by the federal government. Quebec is the only province that collects provincial personal income taxes by their agency. Thus, Quebec residents file tax returns with both Revenu Québec and the Canada Revenue Agency. Alberta and ...
The department became known as Revenue Canada during the 1970s, and subsequently became the Canada Customs and Revenue Agency (CCRA) in 1999. [9] In 2003, the CCRA was split into the Canada Revenue Agency and the Canada Border Services Agency (CBSA), the latter falling under the public safety and emergency preparedness portfolio.