Consolidated statement of revenues and expenses

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Table 1 presents revenues and expenses for the year ended March 31, 2025. 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)
  2025
Revenues
Tax revenues
Income tax revenues
Personal 234,318,878
Corporate 96,953,481
Non-resident 13,528,341
Total income tax revenues 344,800,700
Other taxes and duties
Goods and services tax 52,502,806
Energy taxes
Excise tax—Gasoline 4,360,661
Excise tax—Aviation gasoline and diesel fuel 1,289,389
Subtotal 5,650,050
Customs import duties 6,263,907
Other excise taxes and duties
Excise duties 5,656,492
Air travellers security charge 1,159,157
Miscellaneous excise taxes and duties 671,582
Subtotal 7,487,231
Total other taxes and duties 71,903,994
Total tax revenues 416,704,694
Employment insurance premiums 31,530,218
Pollution pricing proceeds 13,551,818
Other revenues
Enterprise Crown corporations and other government business enterprises
Share of annual profit (loss) 3,239,345
Interest and other 4,809,021
Total 8,048,366
Net foreign exchange revenues and return on investments
Exchange Fund Account 4,149,340
International Monetary Fund 471,046
Other 81,901
Total 4,702,287
Return on investments 2,065,254
Total 6,767,541
Other
Sales of goods and services 15,799,255
Miscellaneous revenues 18,549,253
Total 34,348,508
Total other revenues 49,164,415
Total revenues 510,951,145
Expenses
Program expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance 80,294,322
Major transfer payments to other levels of government
Canada health transfer 52,070,383
Canada social transfer 16,908,791
Fiscal arrangements 30,456,718
Quebec abatement (negative 7,541,631)
Other major transfers 13,207,058
Subtotal 105,101,319
Employment insurance and support measures 24,879,745
Children's benefits 28,574,438
COVID-19 income support for workers (negative 2,168,932)
Pollution pricing proceeds returned 15,594,925
Other transfer payments 107,139,479
Total transfer payments 359,415,296
Other expenses, excluding net actuarial losses Links to footnote 1 in Table 1 130,453,738
Total program expenses, excluding net actuarial losses 489,869,034
Public debt charges 53,409,770
Total expenses, excluding net actuarial losses 543,278,804
Annual deficit before net actuarial losses (negative 32,327,659)
Net actuarial losses (negative 4,020,374)
Annual operating deficit (negative 36,348,033)

Table 1 notes

Table note 1

Details of other expenses are presented by Ministry in Table 2a in section 1 of this volume.

Return to table note 1 referrer in Table 1

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