The main bars use the reconciled general government account for Apr 1, 2023 to Mar 31, 2024. Each bar is a share of its own revenue or expenditure total.
← All Countriesprovisional · General government
Country budget brief · Period ending 2024
Canada
Apr 1, 2023 to Mar 31, 2024 · GFSM 2014 revenue classification
RevenueCA$1.31T
ExpenditureCA$1.38T
DeficitCA$64.52B
Account sourceInternational Monetary FundStatement of operations
Country report
Integrated fiscal view
How government raises and spends money
Money in
CA$1.31TRevenue
Money out
CA$1.38TExpenditure
Supplementary lens
2022 · General government · OECDTax revenue by source
- Personal income taxes36.4%
- Goods and services taxes21.7%
- Social security contributions14.0%
- Corporate income taxes13.9%
- Property taxes10.4%
- Other published categories3.6%
Supplementary lens
2023-24 · Federal governmentFederal expenditure
- Direct program expenses45.3%
- Major transfers to persons23.1%
- Major transfers to provinces, territories and municipalities19.2%
- Public debt charges9.1%
- Pollution pricing proceeds returned to Canadians1.9%
- Other published categories, net1.4%
Annual-account deficitCA$64.52BGeneral government · Apr 1, 2023 to Mar 31, 2024
Comparable deficit2.1%of GDP · General government · 2024
Gross debt110.0%of GDP · General government · 2024
How to read the chart
The OECD strip decomposes general-government tax revenue only. It is displayed beside the annual account but is not added to it.
The federal strip is a narrower expenditure account. It adds detail without replacing or being added to the government account.
Evidence layers
Government annual accountCore evidence layer
Account boundary: This layer covers general government for Apr 1, 2023 to Mar 31, 2024. It includes central government, state government, local government, social security funds. It is independently sourced and is not used in the international ranking on the all-country page.
Revenue by Source
9 categories · GFSM 2014 revenue classificationExpenditure Breakdown
8 categories · GFSM 2014 economic classificationFederal expenditureSeparate evidence layer
Separate federal layer: This panel reports only the federal government's actual expenditure. It is narrower than the general government account above and must not be added to it. Coverage is currently limited to 4 validated federal sources. Federal Public Accounts expenses. Provincial, territorial, and local governments are excluded.
Federal Expenditure
Apr 1, 2023 to Mar 31, 2024 · Public Accounts expense categoriesDepartment of Finance CanadaFiscal Reference Tables 2024, Table 7: Expenses · final
OECD tax revenue by sourceSeparate evidence layer
Separate tax vintage: This is the latest common, fully reconciled OECD year for all 16 covered countries. It reports 2022 general-government tax revenue only, not total government revenue, and is not added to the 2024 account above.
Tax Revenue by Source
2022 · General government · OECD classificationIncome, profits and capital gains
Social security
Payroll
Property
Goods and services
Other
OECD Revenue StatisticsComparative tax revenues, dataflow version 1.1
Coverage & methodology
Comparable account
- Reference year
- 2024
- Reporting convention
- January/December
- Institutional scope
- General government
- Included units
- Central Government, State Government, Local Government, Social Security Funds
Government annual account
- Period
- Apr 1, 2023 to Mar 31, 2024
- Source reference
- 2024
- Scope
- General government
- Status
- provisional
- Unit
- billions of domestic currency
Sources by section:
Comparable account:
- International Monetary Fund · World Economic Outlook Database, April 2026
Government annual account:
- International Monetary Fund · urn:sdmx:org.sdmx.infomodel.datastructure.Dataflow=IMF.STA:GFS_SOO(12.0.0)
Federal expenditure layer:
- Department of Finance Canada · Fiscal Reference Tables 2024, Table 7: Expenses
Comparable tax structure:
- OECD Revenue Statistics · Revenue Statistics in OECD member countries: Comparative tax revenues
Assembly rule: The integrated chart uses the government annual account as its core. OECD tax composition and federal expenditure appear as visually embedded but separately labelled lenses; different periods and scopes are never added together.
Interpretation: Largest reported category means the largest item in the named source classification. It does not imply that categories from different classifications, periods, or institutional scopes are directly interchangeable.
Methodology: Annual-account records are final or provisional observations for one annual period ending in 2024. Published categories reconcile to their totals, and revenue minus expenditure reconciles to the displayed balance. National dataset generated 9/19/2026.