Parliament does not authorize annual spending for these items or for any other tax expenditure or refundable tax credit

Parliament does not authorize annual spending for these items or for any other tax expenditure or refundable tax credit

The Canada Emergency Wage Subsidy and the Canada Child Benefit are legislated through the Income Tax Act and are considered expenditures for government financial reporting purposes.

Most Employment Insurance costs are paid directly out of the Employment Insurance Operating Account, rather than a departmental appropriation, and are therefore not included in the Estimates.

Netted revenues

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Certain expenditures are funded through departmental revenues. Accrual expenses in the Economic and Fiscal Update are on a gross’ basis, meaning the revenues are included in the accrual-based revenue forecast, while they are netted against expenditures in the Estimates.

Accrual and other

The Economic and Fiscal Update is presented on a full accrual basis whereas the Estimates are presented on a modified cash basis. Fortsett å lese «Parliament does not authorize annual spending for these items or for any other tax expenditure or refundable tax credit»