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Government Finance of Canada

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

36.7% 13.2% 15.1% 9.6% 21.6%
  • Personal income taxes: 36.7%
  • Corporate income taxes: 13.2%
  • Social security contributions: 15.1%
  • Payroll taxes: 2.2%
  • Property taxes: 9.6%
  • Goods and services taxes: 21.6%
  • Other taxes: 0.1%
Show table
Personal income taxes
36.7%
Corporate income taxes
13.2%
Social security contributions
15.1%
Payroll taxes
2.2%
Property taxes
9.6%
Goods and services taxes
21.6%
Other taxes
0.1%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 110.7% #14 / 184 2026
Government Gross Debt (Local currency - CAD) 3.79T - 2026
Government Net Debt (% of GDP) 10.3% #79 / 86 2026
Government Net Debt (Local currency - CAD) 354B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -2.7% #87 / 189 2026
Fiscal Balance (Local currency - CAD) -91.3B - 2026
Primary Fiscal Balance (% of GDP) -2.4% #131 / 182 2026
Primary Fiscal Balance (Local currency - CAD) -83.1B - 2026

Revenue and Spending

Government Revenue (% of GDP) 41.9% #34 / 189 2026
Government Revenue (Local currency - CAD) 1.43T - 2026
Government Spending (% of GDP) 44.6% #37 / 189 2026
Government Spending (Local currency - CAD) 1.52T - 2026

International Reserves

Total Reserves (USD) 120B #23 / 163 2024

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