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2006 May Status Report of the Auditor General of Canada
May 2006 Status Report—Chapter 8
Exhibit 8.4—Allowance for doubtful accounts shows many tax debts are likely uncollectible
|
Year |
2002–03 |
2003–04 |
2004–05 |
|---|---|---|---|
|
Tax debts ($ billions) |
$16.2 |
$17.4 |
$18.0 |
|
Allowance for doubtful accounts ($ billions) |
$5.4 |
$5.7 |
$4.7 |
|
Allowance for doubtful accounts as a percentage of tax debts |
33.3% |
32.8% |
26.1% |
Source: Canada Revenue Agency annual reports and allowance for doubtful accounts documents