Canada

GDP (Nominal)

Population

Ottawa

Capital

CAD

Currency

Member Organizations

NATOG7G20UNOECDWTOIMFWorld BankAPECFive Eyes

Government Revenue

Fiscal Year 2024

Government revenue breakdown by source

Canada Government Spending

Fiscal Year 2024

Government spending breakdown by category

Revenue SourcesShows the main sources of government income, helping to understand how the country funds its public services.

Personal Income Tax230.00B CAD

Corporate Income Tax90.00B CAD

Goods and Services Tax (GST)50.00B CAD

Non-Resident Withholding Tax10.00B CAD

Excise Taxes and Duties12.00B CAD

Employment Insurance Premiums25.00B CAD

Other Revenues (fees, dividends, etc.)30.00B CAD

Total Revenue498.00B CAD

Spending AllocationShows how government funds are distributed across different sectors, revealing national priorities and commitments.

Elderly Benefits (OAS, GIS)70.00B CAD

Canada Health Transfer50.00B CAD

Canada Social Transfer16.00B CAD

Children Benefits (CCB)25.00B CAD

National Defence30.00B CAD

Public Safety and Security20.00B CAD

Debt Servicing (Interest)40.00B CAD

Other Program Spending228.00B CAD

Total Spending538.00B CAD

ControversiesFiscal controversies highlight political, social, or economic challenges that can affect a country's stability and future policy direction.

The federal carbon tax has been challenged by several provinces as overreaching, and debates over introducing a global minimum corporate tax have drawn industry lobbying against increased rates. Calls to expand child care subsidies also fuel discussions on where to allocate new revenues.

Spending EfficiencyMeasures how well public funds are used to achieve desired outcomes. High efficiency means more value for taxpayers and better services.

Canada ranks highly for the efficiency of its health care and education spending, but provincial variations lead to uneven service delivery and duplication. Further central–provincial coordination could yield cost savings and improve access.

Debt to GDPShows the size of a country's government debt compared to its economy. High ratios may signal fiscal risk, while lower ratios suggest more sustainable finances.

Debt to GDP:69.4%

Government Debt:$1,486,874,180,000 USD

Tax Burden Per Capita (beta)Tax Burden Level:
Green (Low): Less than $10,000 per capitaOrange (Moderate): $10,000 - $20,000 per capitaRed (High): $20,000 - $30,000 per capitaPurple (Very High): Over $30,000 per capita

$18,582 USD25,709 CADLevel: Moderate