What does the Canadian Gov’t spend money on?

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

One Reply to “What does the Canadian Gov’t spend money on?”

  1. 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