POLS 2250 Lecture Notes - Lecture 13: Canada Revenue Agency, Lifelong Learning, Treasury Board Secretariat
Document Summary
Where does the government get its revenue? (2013-2014: personal income tax = 48, corporate income tax = 14, gst = 11, other revenues (crown corporations, etc. ) = 11: ei premiums = 8, duties and other taxes = 8% Where do our tax dollars go: transfer payments (61%) Payments that go to persons, other levels of government or other organizations. . 4 billion in 2013-14 (61 cents/dollar: other program expenses (29%) Bulk of expenditures after transfers goes to pay the operating costs of more than 130 departments, agencies, crown corporations and other federal bodies that provide services to. Nearly half of that spending goes to just 3 organizations. Public safety rcmp, federal prisons, border traffic and security operations (3 cents) Crown corporations (3 cents: public debt charges (10%) This represents the interest charges for the money the federal government has borrowed and not yet repaid. 74% of the federal government"s unmatured debt is owed to. Transfer payments: transfers to persons (26 cents)