Revenues
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Revenues consist of all tax and other amounts which enter into the calculation of the annual surplus or deficit of the Government.
Tax revenues
| 2018 | 2017 | |
|---|---|---|
| Tax revenues | ||
| Income tax revenues | ||
| Personal | 153,619 | 143,680 |
| Corporate | 47,805 | 42,216 |
| Non-resident | 7,845 | 7,071 |
| Total income tax revenues | 209,269 | 192,967 |
| Other taxes and duties | ||
| Goods and services tax, Table 3.3 | 36,751 | 34,368 |
| Energy taxes | ||
| Excise tax—Gasoline | 4,501 | 4,496 |
| Excise tax—Aviation gasoline and diesel fuel | 1,238 | 1,138 |
| Total energy taxes | 5,739 | 5,634 |
| Customs import duties | 5,416 | 5,478 |
| Other excise taxes and duties | ||
| Excise duties | 4,857 | 4,873 |
| Air travellers security charge | 823 | 768 |
| Other miscellaneous excise taxes and duties | 233 | 227 |
| Total other excise taxes and duties | 5,913 | 5,868 |
| Total other taxes and duties | 53,819 | 51,348 |
| Total tax revenuesLink to footnote 1 | 263,088 | 244,315 |
Table notes 1 | ||
Personal income tax
Personal income tax is levied on personal income under the provisions of the Income Tax Act.
Corporate income tax
Corporate income tax is levied on corporate income under the provisions of the Income Tax Act.
Non-resident income tax
Non-resident income tax is levied on income earned in Canada by non-residents under the provisions of the Income Tax Act. This tax is derived from tax withheld from dividends, interest, rents, royalties, alimony, and income from estates and trusts paid to non-residents.
Non-resident income tax revenues also include withholding taxes on income earned in Canada by non-resident life insurance companies and income from trusts.
Other taxes and duties
Other taxes and duties are collected under the Excise Act, the Excise Act, 2001, the Excise Tax Act, Customs Tariff (Act) and other acts. They include the goods and services tax, energy taxes, customs import duties, as well as other excise taxes and duties.
Goods and services tax
The goods and services tax (GST) became effective January 1, 1991. It is applied at a rate of 5% on most goods and services consumed in Canada, with only a limited set of exclusions that consists of certain medical devices, prescription drugs, basic groceries, residential rents as well as most health and dental care services.
| 2018 | 2017 | |
|---|---|---|
| GST | 43,687 | 40,937 |
| Less: remission order for the GST paid and accrued by ministries on or for goods and services purchased from outside parties | 2,357 | 2,104 |
| Gross GST from outside parties | 41,330 | 38,833 |
| Less: quarterly tax credits | 4,579 | 4,465 |
| Net GST from outside parties | 36,751 | 34,368 |
Energy taxes
Energy taxes primarily include the excise tax on gasoline, aviation gas and diesel fuel.
Customs import duties
Revenues from customs import duties consist mainly of ad valorem taxes on the importation of goods levied under the Customs Tariff (Act).
Other excise taxes and duties
Excise taxes and duties are levied on alcoholic beverages and tobacco products. In addition, excise taxes are imposed on other items such as passenger vehicle air conditioners. The Air Travellers Security Charge is collected by air carriers at the time of payment for the air travel by the purchaser of an air transportation service.
Employment insurance premiums
Premiums from employees and employers are levied under the provisions of the Employment Insurance Act and are classified as part of revenues. Additional details on employment insurance premiums are provided in Section 4 of this volume.
Other revenues
| 2018 | 2017 | |
|---|---|---|
| Other revenues | ||
| Enterprise Crown corporations and other government business enterprises | ||
| Share of annual profit | 6,959 | 4,920 |
| Interest and other | 772 | 735 |
| Total enterprise Crown corporations and other government business enterprises | 7,731 | 5,655 |
| Other programs | ||
| Return on investments, Table 3.5 | 1,316 | 1,163 |
| Sales of goods and services | ||
| Rights and privileges | 2,824 | 2,748 |
| Lease and use of public property | 746 | 725 |
| Services of a regulatory nature | 1,622 | 1,221 |
| Services of a non-regulatory nature | 4,515 | 4,179 |
| Sales of goods and information products | 3,697 | 3,874 |
| Other fees and charges | 847 | 449 |
| Total sales of goods and services | 14,251 | 13,196 |
| Miscellaneous | ||
| Interest and penalties | 4,352 | 4,116 |
| Other | 255 | 792 |
| Total other programs | 20,174 | 19,267 |
| Net foreign exchange | ||
| Exchange Fund Account | 1,713 | 1,997 |
| International Monetary Fund | (negative 212) | 121 |
| Other | (negative 28) | 15 |
| Total | 1,473 | 2,133 |
| Total other revenuesLink to footnote 2 | 29,378 | 27,055 |
Table notes 2 | ||
Enterprise Crown corporations and other government business enterprises
Revenues include interest earned on loans to enterprise Crown corporations and other government business enterprises as well as the government's share of the accumulated profits or losses of enterprise Crown corporations and other government business enterprises.
Other programs
Other program revenues include sales of goods and services, return on investments, and miscellaneous revenues. Details are reported by individual ministry in Volume II of the Public Accounts of Canada.
Net foreign exchange
Net foreign exchange revenues include the revenues from investments held in the Exchange Fund Account and the International Monetary Fund, as well as the net gains or losses resulting from the translation of these investments to Canadian dollars as at March 31. Net foreign exchange revenues also include the net gains or losses resulting from foreign debt and currency swap revaluations.
Return on investments
| 2018 | 2017 | |
|---|---|---|
| Cash and accounts receivable | ||
| Interest on bank deposits | 418 | 231 |
| Loans, investments and advances | ||
| National governments including developing countries | 11 | 11 |
| International organizations | 6 | 4 |
| Other loans, investments and advances | 908 | 795 |
| Total loans, investments and advances | 925 | 810 |
| Total ministerial return on investments | 1,343 | 1,041 |
| Net gain on exchange | (negative 61) | 104 |
| Accrual of other revenues | 38 | 27 |
| Total return on investments | 1,320 | 1,172 |
| Elimination of return on investments internal to the Government | (negative 4) | (negative 9) |
| Total external return on investments | 1,316 | 1,163 |
Table notes 3 | ||