Consolidated statement of revenues and expenses

Public Accounts of Canada 2023 Volume II—Top of the page Navigation

Table 1 presents revenues and expenses for the year ended March 31, 2023. 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)
  2023
Revenues
Tax revenues
Income tax revenues
Personal 207,871,498
Corporate 93,945,338
Non-resident 13,187,444
Total income tax revenues 315,004,280
Other taxes and duties
Goods and services tax 45,961,920
Energy taxes
Excise tax—Gasoline 4,335,066
Excise tax—Aviation gasoline and diesel fuel 1,321,503
Subtotal 5,656,569
Customs import duties 6,057,225
Other excise taxes and duties
Excise duties 5,418,691
Air travellers security charge 758,068
Miscellaneous excise taxes and duties 371,159
Subtotal 6,547,918
Total other taxes and duties 64,223,632
Total tax revenues 379,227,912
Employment insurance premiums 26,913,697
Proceeds from the pollution pricing framework 8,041,499
Other revenues
Enterprise Crown corporations and other government business enterprises
Share of annual profit (loss) 3,877,966
Interest and other 2,574,420
Total 6,452,386
Net foreign exchange revenues
Exchange Fund Account 835,923
International Monetary Fund 366,076
Other 58,442
Total 1,260,441
Other
Return on investments 1,112,549
Sales of goods and services 13,289,454
Miscellaneous revenues 11,516,833
Total 25,918,836
Total other revenues 33,631,663
Total revenues 447,814,771
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance 69,392,256
Major transfer payments to other levels of government
Canada health transfer 47,140,657
Canada social transfer 15,938,157
Fiscal arrangements 27,140,419
Quebec abatement (negative 7,409,645)
Other major transfers 7,974,562
Subtotal 90,784,150
Employment insurance and support measures 21,835,443
Children's benefits 24,553,404
COVID-19 income support for workers (negative 3,544,276)
Canada emergency wage subsidy (negative 256,715)
Proceeds from the pollution pricing framework returned 6,995,613
Other transfer payments 99,199,331
Total transfer payments 308,959,206
Other expenses, excluding net actuarial losses Link to table note 1 129,595,469
Total program expenses, excluding net actuarial losses 438,554,675
Public debt charges 34,954,843
Total expenses, excluding net actuarial losses 473,509,518
Annual deficit before net actuarial losses (negative 25,694,747)
Net actuarial losses (negative 9,627,103)
Annual operating deficit (negative 35,321,850)

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