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2023-02-22-taxation-in-canada
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taxation in canada
breakdown
(of total tax dollars paid, not necessarily representative of an individual's contributions, but probably close)
municipal: ~18%
provincial: ~46%
federal: ~35%
primary expenses
https://www150.statcan.gc.ca/n1/daily-quotidien/211126/cg-a001-eng.htm
overall
~30% - welfare / "social protection"
~20% - healthcare
~15% - economic affairs
~10% - education
~12% - public services
~10% - other (defence, environment, housing, culture, recreation)
municipal
provincial
35% - healthcare
20% - education
10% - public services
15% - social protection
10% - economic affairs
10% - other
federal
28% - elderly, employment insurance, child support
21% - transfers to other governments
30% - direct programs (defense...)
15% - other transfers (Indigenous, farmers, students, businesses, r&d)
primary sources of revenue
canada (federal)
~50% - personal income tax
~15% - corporate income tax
~12% - GST (consumption)
ontario (2021) (https://www.statista.com/statistics/591212/revenues-of-the-ontario-provincial-government-by-source/)
44% - taxes on income, profits, capital gains
26% - taxes on goods and services (HST / VAT)
17% - federal transfers
4% - taxes on property
9% - other
provincial (2009, aggregate all provinces) (https://www.thecanadianencyclopedia.ca/en/article/taxation)
~31% - taxes on income
~20% - taxes on consumption (GST / VAT)
~20% - federal transfers
municipal (2009, aggregate)
42% - provincial transfers
38% - taxes on property
shift government income towards:
towards:
land tax
property tax
VAT
away from:
income tax
would be useful to have a tool to see: "as a Torontonian (making X, owning a home), how much tax do I pay at each level, where does it go?"
https://www.thecanadianencyclopedia.ca/en/article/taxation
2023-02-22
#public-policy
#research-summary
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