Canadian Federal Government, Financial Year 2003-04

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The page lists the Revenues and Expenditures of the Canadian Federal Government for the financial year 2003-04.

[edit] Revenues (in Billions of $CAN)

TOTAL $186.1

Personal income tax
- $84.9 (46%)
Goods and services tax
- $28.3 (15%)
Corporate income tax
- $27.4 (15%)
other taxes¹
- $16.2 (9%)
EI Premiums
- $17.5 (9%)
other revenues²
- $11.8 (6%)

¹ie non-resident taxes, customs import duties, energy taxes and excise taxes on alcohol and tobacco

²ie earnings by Crown corporations and the sale of goods and services

[edit] Expenditures (in Billions of $CAN)

Interest Payments $35.8
Transfer Payments $94.0
- Transfers to People $42.0
  1. Old Age Security payments $27.0
  2. insurance (EI) benefits $15.0
- Funding for Provinces $29.6
  1. Canada Health and Social Transfer (CHST) $20.3
  2. Equalization and Territorial Formula Financing programs $9.3
- Other Grants and Contributions $23
  1. First Nations and Aboriginal peoples $9
  2. farmers and other food producers $4
  3. foreign aid and other international assistance $3
  4. research and development, infrastructure, regional development and assistance to businesses $3
  5. Other grants³ $4
Other Program Expenses $47.0
- Defence $12.9
- Public Security $4.6
- Canada Revenue Agency $5.3
- Other Operations $18.8
- Crown Corporations $5.4
  1. Canada Mortgage and Housing Corporation $2.1
  2. Canadian Broadcasting Corporation $1.1
  3. Others⁴ $3.2
Budgetary Surplus (Debt Reduction) $$9.1

³ie student assistance programs; health research and promotion; and the arts, multiculturalism and bilingualism

⁴ie institutions and agencies including the National Gallery of Canada, the Canadian Museum of Civilization, and the Canada Council for the Arts; enterprises like Atomic Energy of Canada Limited, VIA Rail, and the Canadian Tourism Commission)