Tax revenue in Canada
Canada: Tax revenue was 426.32 billion current LCU in 2024. ▲ Rising
Tax revenue in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Canada recorded 426.32 billion current LCU for tax revenue in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 81.0% over ten years.
Over the whole period, tax revenue in Canada peaked at 426.32 billion current LCU in 2024 and was at its lowest, 98.15 billion current LCU, in 1990.
That places Canada 69th out of 157 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 115.56 billion current LCU | 98.15 billion current LCU | 148.16 billion current LCU | 10 |
| 2000s | 182.84 billion current LCU | 159.69 billion current LCU | 210.37 billion current LCU | 10 |
| 2010s | 243.11 billion current LCU | 195.47 billion current LCU | 294.79 billion current LCU | 10 |
| 2020s | 376.22 billion current LCU | 300.18 billion current LCU | 426.32 billion current LCU | 5 |
Countries ranked near Canada
More public sector data for Canada
- Arms imports 149.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.7% (2024)
- Taxes on income, profits and capital gains 53.9% (2024)
- Taxes on goods and services 13.8% (2024)
- Net investment in nonfinancial assets 0.6% (2024)
- Net lending (+) / net borrowing (-) -1.2% (2024)
- Interest payments 8.4% (2024)
- Grants and other revenue 7.9% (2024)
- Interest payments 7.6% (2023)
- Compensation of employees 10.2% (2023)
Frequently asked questions
- What is tax revenue in Canada?
- Tax revenue in Canada was 426.32 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Canada?
- The highest recorded value was 426.32 billion current LCU in 2024.
- What is the lowest tax revenue recorded in Canada?
- The lowest recorded value was 98.15 billion current LCU in 1990.
- How does Canada rank for tax revenue?
- Canada ranks 69th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Canada?
- Over the last ten years it is up 81.0%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.