What does the Canadian Gov’t spend money on?

EditOverview of Canada’s federal government spending for the fiscal year ended March 31, 2014

Where the money comes from:

  • Corporate income tax (14 cents)
  • Earnings by Crown corporations and revenues from the sale of goods and services (11 cents)
  • Employment Insurance premiums (8 cents)
  • Non-resident withholding taxes, customs import duties and excise levies (8 cents)
  • Personal income tax (48 cents)
  • Goods and Services Tax (11 cents)

Source: Your Tax Dollar: 2013-2014 Fiscal Year


1 comment

  1. D
    February 9, 2017 12:03 am

    The 10% that goes to debt financing is all from money that could have been borrowed interest free. Taxpayers have paid over $2 trillion in unnecessary interest charges since we stopped using the BoC’s interest free loan mechanism.

    This vid gives the low down:

    https://youtu.be/zo9xAUOrIxg

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