Taxes & Federal Revenues

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1 total messages Started by utzooutcsrgvnixon Sun, 13 Feb 1983 00:29

Author: utzooutcsrgvnixon
Date: Sun, 13 Feb 1983 00:29

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   Steve Tjiang's hypothesis that corporations contribute little to
Canadian federal revenues was correct (though the portion is 13%, not 9%).
   Following is a breakdown of federal revenues for the year ended
31 March 1981, obtained from Statistics Canada
(I've rounded amounts to the nearest $10**9).

TAX REVENUES
Personal				$21
Corporation				  8
Consumption (e.g. fuel tax) 		 11
Health & Social Insurance (e.g. CPP)      6
Misc.			  		  3
					---
  TOTAL TAX REVENUES		 		$49
  OTHER REVENUE					  9
						---
     Gross General Revenue				$58

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