Consolidated statement of revenues and expenses

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Table 1 presents revenues and expenses for the year ended March 31, 2020. In addition, detailed information is provided in Section 3 of Volume I of the Public Accounts of Canada.

Table 1
Consolidated statement of revenues and expenses
(in thousands of dollars)
  2020
Revenues
Tax revenues
Income tax revenues
Personal 167,576,072
Corporate 50,059,510
Non-resident 9,475,804
Total income tax revenues 227,111,386
Other taxes and duties
Goods and services tax 37,385,994
Energy taxes
Excise tax—Gasoline 4,453,298
Excise tax—Aviation gasoline and diesel fuel 1,229,767
Subtotal 5,683,065
Customs import duties 4,852,916
Other excise taxes and duties
Excise duties 4,950,479
Air travellers security charges 797,992
Miscellaneous excise taxes and duties 210,003
Subtotal 5,958,474
Total other taxes and duties 53,880,449
Total tax revenues 280,991,835
Employment insurance premiums 22,219,174
Fuel charge proceeds 2,655,372
Other revenues
Enterprise Crown corporations and other government business enterprises
Share of annual profit 3,588,210
Interest and other 1,470,883
Total 5,059,093
Other
Return on investments 1,807,896
Sales of goods and services 11,442,103
Miscellaneous revenues 7,545,844
Total 20,795,843
Net foreign exchange revenues
Exchange Fund Account 2,283,470
International Monetary Fund 92,528
Other 33,996
Total 2,409,994
Total other revenues 28,264,930
Total revenues 334,131,311
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance 56,227,025
Major transfer payments to other levels of government
Canada health transfer 40,871,763
Canada social transfer 14,585,672
Fiscal arrangements 23,841,154
Quebec abatement (negative 5,811,066)
Other major transfers 5,687,693
Subtotal 79,175,216
Employment insurance 21,750,467
Children's benefits 24,344,060
Canada emergency response benefit 4,739,209
Fuel charge proceeds returned 2,635,544
Other transfer payments 54,404,616
Total transfer payments 243,276,137
Other expensesLink to footnote 1 95,192,050
Total program expenses 338,468,187
Public debt charges 24,446,723
Total expenses, excluding net actuarial losses 362,914,910
Annual deficit before net actuarial losses (negative 28,783,599)
Net actuarial losses (negative 10,608,645)
Annual deficit (negative 39,392,244)

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