My Writing

Taxation

Selected Data on Canada's National Accounts

All numbers are millions of dollars.

Year	1989	1990	1991	1992	1993	1994	1995	1996	1997
Revenues	111,828	122,828	128,605	133,046	133,380	131,869	139,255	145,596	155,354
Income Taxes	61,058	69,424	73,520	73,932	71,489	69,050	75,529	81,735	88,223
Personal Income Tax	47,750	55,042	60,422	63,312	62,020	57,859	61,658	65,385	68,521
Investment Income	5,523	6,012	6,766	5,833	6,026	5,370	4,626	5,232	4,536
Expenditures	138,495	150,851	160,973	171,662	173,982	172,301	175,991	178,807	168,853
Deficit/Surplus	-26,666	-28,023	-32,368	-38,617	-40,602	-40,432	-36,736	-33,211	-13,499

Source: Statistics Canada

Year	1998	1999	2000	2001	2002	2003	2004	2005	2006
Revenues	168,214	172,595	184,018	197,303	195,881	195,091	203,549	216,443	229,660
Income Taxes	101,265	103,150	112,933	122,318	120,560	114,859	123,821	133,248	144,562
Personal Income Tax	76,139	78,258	85,437	89,183	91,435	88,372	92,704	98,340	105,742
Investment Income	4,710	5,549	6,328	7,060	6,952	7,485	6,839	6,572	6,613
Expenditures	163,706	169,808	177,019	188,090	188,533	193,427	201,433	211,324	216,156
Deficit/Surplus	4,507	2,786	6,999	9,213	7,348	1,665	2,115	5,120	13,504

As you can see, the $13 billion surplus for 2006 is miniscule compared to the whopping $40 billion deficits of 1993 and 1994.

Contents copyright © Marco den Ouden All Rights reserved
Typewriter graphic courtesy Stockfreeimages.com