Total revenues amounted to $332.2 billion in 2018–19, up $21.0 billion, or 6.7 percent, from 2017–18. The after table compares revenues for 2018–19 to 2017–18.
- Individual tax profits increased by $billion in 2018–19, or %, driven by high work and a powerful labour market.
- Business tax profits increased by $billion, or %, showing development in business earnings in many sectors including finance, production and wholesale trade.
- Non-resident tax profits are compensated by non-residents on Canadian-sourced earnings. These revenues increased by $billion, or %, mainly showing development in business profits and dividends.
- Other taxes and duties increased by $billion, or percent. GST profits grew by $billion in 2018–19, or %, showing development in retail product sales. Power fees grew by $billion, http://www.speedyloan.net/reviews/advance-financial-24-7 or %, mainly as a result of greater aviation gas consumption in 2018–Customs import duties increased by $billion, or percent, mainly because of the application of steel and aluminum tariffs that are retaliatory. Excluding the tariffs that are retaliatory customs import duties expanded by percent. Other excise taxes and duties had been up $billion, or percent, driven mainly by a rise in tobacco excise duties.
- EI premium profits increased by $billion, or %. This is because of a rise in insurable profits as well as in the premium price for 2018.
- Other profits increased by $billion, or percent, mostly showing an increase in interest and charges profits and a better return on opportunities, both mainly as a result of greater rates of interest.
The income ratio—revenues as a percentage of GDP—compares the sum total of most revenues that are federal the dimensions of the economy. This ratio is affected by alterations in statutory taxation prices and by financial developments. Continue reading