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Archived - Fiscal Reference Tables
October 2002 : 1

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Federal Government
Public Accounts 

Note to Readers

The Canada Customs and Revenue Agency (CCRA) collects personal income taxes on behalf of the Government and all provincial and territorial governments except Quebec. On January 29, 2002, the CCRA announced it had identified a problem in tax accounting that resulted in overpayments to provinces under the tax collection agreements. On September 4, 2002, the Minister of Finance announced that the Government of Canada would recover $1.4 billion of the amounts overpaid for the years 1997 to 1999 and use the money to pay down the debt. The net present value of these amounts has been recast to the fiscal years to which they apply. In addition, once the problem was discovered, the federal government took immediate action to prevent further overpayments related to 2000 and subsequent taxation years. This has resulted in a transfer of $1 billion from the tax collection agreements with respect to taxation year 2000 to budgetary revenues in 2000-01. As a result, the budgetary surplus has been revised upward beginning in 1997-98 as shown in the table below.

Revisions to the Budgetary Surplus ($ billions)
Originally published Revised
1997-98 3.5 3.8
1998-99 2.9 3.1
1999-00 12.3 12.7
2000-01 17.1 18.1
Table 1 
Fiscal transactions (millions of dollars)
Year Budgetary revenues Program spending Operating surplus or deficit (-) Public debt charges Budgetary surplus or deficit (-) Net public debt Non- budgetary transactions Financial requirements (-)/ source (excl. foreign exchange)
1961-62 6,468 6,630 -162 832 -994 14,825 141 -853
1962-63 6,662 6,595 67 915 -848 15,673 -91 -939
1963-64 7,099 7,304 -205 993 -1,198 16,871 939 -259
1964-65 8,220 7,542 678 1,050 -372 17,243 456 84
1965-66 9,063 7,933 1,131 1,110 21 17,223 77 98
1966-67 9,860 9,164 696 1,182 -486 17,708 -176 -662
1967-68 10,745 10,501 244 1,286 -1,042 18,750 -340 -1,382
1968-69 12,047 11,250 798 1,464 -666 19,417 -151 -817
1969-70 14,399 12,566 1,833 1,694 139 19,277 91 230
1970-71 14,982 14,111 871 1,887 -1,016 20,293 -17 -1,033
1971-72 16,619 16,295 324 2,110 -1,786 22,079 413 -1,373
1972-73 19,205 18,807 399 2,300 -1,901 23,980 586 -1,315
1973-74 22,430 22,076 354 2,565 -2,211 26,191 686 -1,525
1974-75 29,251 28,238 1,013 3,238 -2,225 28,416 77 -2,148
1975-76 31,657 33,892 -2,235 3,970 -6,205 34,620 1,421 -4,784
1976-77 34,408 36,596 -2,188 4,708 -6,896 41,517 1,338 -5,558
1977-78 34,626 39,974 -5,348 5,531 -10,879 52,396 2,418 -8,461
1978-79 36,974 42,980 -6,005 7,024 -13,029 65,425 1,805 -11,224
1979-80 42,029 45,502 -3,473 8,494 -11,967 77,392 1,818 -10,149
1980-81 48,867 52,765 -3,898 10,658 -14,556 91,948 4,639 -9,917
1981-82 60,307 60,867 -560 15,114 -15,674 107,622 6,410 -9,264
1982-83 60,662 72,808 -12,146 16,903 -29,049 136,671 5,230 -23,819
1983-84 64,168 78,968 -14,800 18,077 -32,877 169,549 7,658 -25,219
1984-85 71,056 87,100 -16,044 22,393 -38,437 207,986 8,613 -29,824
1985-86 76,933 86,106 -9,173 25,422 -34,595 242,581 4,085 -30,510
1986-87 85,931 90,005 -4,074 26,668 -30,742 273,323 7,824 -22,918
1987-88 97,612 96,453 1,159 28,953 -27,794 301,117 8,945 -18,849
1988-89 104,067 99,688 4,379 33,152 -28,773 329,890 6,349 -22,424
1989-90 113,707 103,848 9,859 38,789 -28,930 358,820 8,400 -20,530
1990-91 119,353 108,765 10,588 42,588 -32,000 390,820 7,462 -24,538
1991-92 122,032 115,215 6,817 41,174 -34,357 425,177 2,557 -31,800
1992-93 120,380 122,576 -2,196 38,825 -41,021 466,198 6,524 -34,497
1993-94 115,984 120,014 -4,030 37,982 -42,012 508,210 12,162 -29,850
1994-95 123,323 118,739 4,584 42,046 -37,462 545,672 11,620 -25,842
1995-96 130,301 112,013 18,288 46,905 -28,617 574,289 11,434 -17,183
1996-97 140,896 104,820 36,076 44,973 -8,897 583,186 10,162 1,265
1997-98 153,501 108,753 44,748 40,931 3,817 579,369 8,912 12,729
1998-99 155,899 111,393 44,506 41,394 3,112 576,257 8,379 11,491
1999-00 166,123 111,763 54,360 41,647 12,713 563,544 1,853 14,566
2000-01 179,590 119,348 60,242 42,094 18,148 545,396 843 18,991
2001-02 173,315 126,673 46,642 37,735 8,907 536,489 -4,210 4,697
Note: Personal income tax revenues have been revised back to 1997-98 to correct for the misclassification of mutual trust capital gain refunds. This has increased budgetary revenues (personal income tax revenues) and the budgetary surplus by $339 million in 1997-98, $228 million in 1998-99, $415 million in 1999-2000 and $1 billion in 2000-01. Net public debt has been reduced by corresponding amounts in these years.
Table 2 
Fiscal transactions (per cent of GDP)
Year Budgetary revenues Program spending Operating surplus or deficit (-) Public debt charges Budgetary surplus or deficit (-) Net public debt Non-budgetary transactions Financial requirements (-)/source (excl. foreign exchange)
1961-62 15.7 16.1 -0.4 2.0 -2.4 35.9 0.3 -2.1
1962-63 14.9 14.7 0.1 2.0 -1.9 35.0 -0.2 -2.1
1963-64 14.8 15.2 -0.4 2.1 -2.5 35.1 2.0 -0.5
1964-65 15.6 14.3 1.3 2.0 -0.7 32.7 0.9 0.2
1965-66 15.6 13.7 1.9 1.9 0.0 29.7 0.1 0.2
1966-67 15.2 14.1 1.1 1.8 -0.7 27.3 -0.3 -1.0
1967-68 15.4 15.0 0.3 1.8 -1.5 26.8 -0.5 -2.0
1968-69 15.8 14.7 1.0 1.9 -0.9 25.5 -0.2 -1.1
1969-70 17.1 15.0 2.2 2.0 0.2 22.9 0.1 0.3
1970-71 16.6 15.6 1.0 2.1 -1.1 22.5 0.0 -1.1
1971-72 16.9 16.5 0.3 2.1 -1.8 22.4 0.4 -1.4
1972-73 17.4 17.1 0.4 2.1 -1.7 21.8 0.5 -1.2
1973-74 17.4 17.1 0.3 2.0 -1.7 20.3 0.5 -1.2
1974-75 19.0 18.3 0.7 2.1 -1.4 18.4 0.0 -1.4
1975-76 18.2 19.5 -1.3 2.3 -3.6 19.9 0.8 -2.8
1976-77 17.2 18.3 -1.1 2.4 -3.4 20.7 0.7 -2.8
1977-78 15.6 18.1 -2.4 2.5 -4.9 23.7 1.1 -3.8
1978-79 15.1 17.5 -2.4 2.9 -5.3 26.6 0.7 -4.6
1979-80 15.0 16.2 -1.2 3.0 -4.3 27.6 0.6 -3.6
1980-81 15.5 16.7 -1.2 3.4 -4.6 29.2 1.5 -3.1
1981-82 16.7 16.9 -0.2 4.2 -4.3 29.9 1.8 -2.6
1982-83 16.0 19.2 -3.2 4.4 -7.6 36.0 1.4 -6.3
1983-84 15.6 19.2 -3.6 4.4 -8.0 41.2 1.9 -6.1
1984-85 15.8 19.4 -3.6 5.0 -8.5 46.3 1.9 -6.6
1985-86 15.8 17.7 -1.9 5.2 -7.1 49.9 0.8 -6.3
1986-87 16.8 17.6 -0.8 5.2 -6.0 53.3 1.5 -4.5
1987-88 17.5 17.3 0.2 5.2 -5.0 53.9 1.6 -3.4
1988-89 17.0 16.3 0.7 5.4 -4.7 53.8 1.0 -3.7
1989-90 17.3 15.8 1.5 5.9 -4.4 54.6 1.3 -3.1
1990-91 17.6 16.0 1.6 6.3 -4.7 57.5 1.1 -3.6
1991-92 17.8 16.8 1.0 6.0 -5.0 62.0 0.4 -4.6
1992-93 17.2 17.5 -0.3 5.5 -5.9 66.6 0.9 -4.9
1993-94 15.9 16.5 -0.6 5.2 -5.8 69.9 1.7 -4.1
1994-95 16.0 15.4 0.6 5.5 -4.9 70.8 1.5 -3.4
1995-96 16.1 13.8 2.3 5.8 -3.5 70.9 1.4 -2.1
1996-97 16.8 12.5 4.3 5.4 -1.1 69.7 1.2 0.2
1997-98 17.4 12.3 5.1 4.6 0.4 65.6 1.0 1.4
1998-99 17.0 12.2 4.9 4.5 0.3 63.0 0.9 1.3
1999-00 16.9 11.4 5.5 4.2 1.3 57.5 0.2 1.5
2000-01 16.9 11.2 5.7 4.0 1.7 51.2 0.1 1.8
2001-02 15.9 11.6 4.3 3.5 0.9 49.1 -0.4 0.4
Table 3 
Budgetary revenues (millions of dollars)
  Tax revenues Non-tax revenues
 
Year Personal income tax Corporate income tax Other income tax Employment insurance premiums Excise taxes and duties Total tax revenues Return on investments Other Total non-tax revenues Total budgetary revenues
1961-62 2,052 1,302 197 278 2,204 6,033 308 127 435 6,468
1962-63 2,018 1,298 216 285 2,395 6,212 312 138 450 6,662
1963-64 2,168 1,375 216 296 2,525 6,580 366 153 519 7,099
1964-65 2,535 1,669 233 310 2,890 7,637 423 160 583 8,220
1965-66 2,637 1,759 278 327 3,344 8,345 438 280 718 9,063
1966-67 3,050 1,743 305 343 3,628 9,069 519 272 791 9,860
1967-68 3,650 1,821 323 346 3,718 9,858 612 275 887 10,745
1968-69 4,334 2,213 318 432 3,747 11,044 695 308 1,003 12,047
1969-70 5,588 2,839 349 490 4,009 13,275 860 264 1,124 14,399
1970-71 6,395 2,426 378 493 4,060 13,752 1,000 230 1,230 14,982
1971-72 7,227 2,396 420 569 4,637 15,249 1,133 237 1,370 16,619
1972-73 8,378 2,920 353 745 5,272 17,668 1,265 272 1,537 19,205
1973-74 9,226 3,710 338 1,001 6,355 20,630 1,461 339 1,800 22,430
1974-75 11,710 4,836 434 1,585 8,506 27,071 1,802 378 2,180 29,251
1975-76 12,709 5,748 493 2,039 8,143 29,132 2,083 442 2,525 31,657
1976-77 14,634 5,363 521 2,470 8,637 31,625 2,410 373 2,783 34,408
1977-78 13,988 5,280 569 2,537 9,123 31,497 2,592 537 3,129 34,626
1978-79 14,656 5,654 645 2,783 9,697 33,435 3,059 480 3,539 36,974
1979-80 16,808 6,951 883 2,778 10,215 37,635 3,646 748 4,394 42,029
1980-81 19,837 8,106 966 3,303 11,661 43,873 4,409 585 4,994 48,867
1981-82 24,046 8,118 1,138 4,753 15,843 53,898 5,200 1,209 6,409 60,307
1982-83 26,330 7,139 1,130 4,900 15,776 55,275 4,628 759 5,387 60,662
1983-84 26,967 7,286 1,034 7,259 16,215 58,761 4,266 1,141 5,407 64,168
1984-85 29,254 9,379 1,128 7,553 18,177 65,491 4,298 1,267 5,565 71,056
1985-86 33,008 9,210 1,179 8,719 19,491 71,607 3,661 1,665 5,326 76,933
1986-87 37,878 9,885 1,499 9,558 21,049 79,869 4,255 1,807 6,062 85,931
1987-88 45,125 10,878 1,369 10,425 22,941 90,738 4,737 2,137 6,874 97,612
1988-89 46,026 11,730 1,843 11,268 25,771 96,638 5,547 1,882 7,429 104,067
1989-90 51,895 13,021 1,587 10,738 28,155 105,396 5,850 2,461 8,311 113,707
1990-91 57,601 11,726 1,651 12,707 26,113 109,798 6,807 2,748 9,555 119,353
1991-92 61,222 9,359 1,534 15,394 25,196 112,705 6,521 2,806 9,327 122,032
1992-93 58,283 7,206 1,462 17,535 26,080 110,566 6,838 2,976 9,814 120,380
1993-94 51,427 9,444 1,593 18,233 26,635 107,332 6,142 2,510 8,652 115,984
1994-95 56,329 11,604 1,769 18,928 27,089 115,719 5,021 2,583 7,604 123,323
1995-96 60,167 15,955 2,105 18,510 26,604 123,341 4,475 2,485 6,960 130,301
1996-97 63,282 17,020 2,847 19,816 29,098 132,063 4,210 4,623 8,833 140,896
1997-98 71,126 22,496 2,974 18,802 30,860 146,258 4,427 2,816 7,243 153,501
1998-99 72,716 21,575 2,901 19,363 31,399 147,954 4,991 2,954 7,945 155,899
1999-00 79,793 23,170 3,499 18,512 32,886 157,860 5,251 3,012 8,263 166,123
2000-01 83,305 28,212 4,312 18,731 36,116 170,676 6,144 2,770 8,914 179,590
2001-02 83,790 24,013 3,035 17,980 36,638 165,456 5,892 1,967 7,859 173,315
Note: Personal income tax revenues have been revised back to 1997-98 to correct for the misclassification of mutual trust capital gain refunds.
Table 4 
Budgetary revenues (per cent of GDP)
  Tax revenues Non-tax revenues
 
Year Personal income tax Corporate income tax Other income tax Employment insurance premiums Excise taxes and duties Total tax revenues Return on investments Other Total non-tax revenues Total budgetary revenues
1961-62 5.0 3.2 0.5 0.7 5.3 14.6 0.7 0.3 1.1 15.7
1962-63 4.5 2.9 0.5 0.6 5.4 13.9 0.7 0.3 1.0 14.9
1963-64 4.5 2.9 0.4 0.6 5.3 13.7 0.8 0.3 1.1 14.8
1964-65 4.8 3.2 0.4 0.6 5.5 14.5 0.8 0.3 1.1 15.6
1965-66 4.5 3.0 0.5 0.6 5.8 14.4 0.8 0.5 1.2 15.6
1966-67 4.7 2.7 0.5 0.5 5.6 14.0 0.8 0.4 1.2 15.2
1967-68 5.2 2.6 0.5 0.5 5.3 14.1 0.9 0.4 1.3 15.4
1968-69 5.7 2.9 0.4 0.6 4.9 14.5 0.9 0.4 1.3 15.8
1969-70 6.7 3.4 0.4 0.6 4.8 15.8 1.0 0.3 1.3 17.1
1970-71 7.1 2.7 0.4 0.5 4.5 15.2 1.1 0.3 1.4 16.6
1971-72 7.3 2.4 0.4 0.6 4.7 15.5 1.1 0.2 1.4 16.9
1972-73 7.6 2.7 0.3 0.7 4.8 16.0 1.1 0.2 1.4 17.4
1973-74 7.1 2.9 0.3 0.8 4.9 16.0 1.1 0.3 1.4 17.4
1974-75 7.6 3.1 0.3 1.0 5.5 17.5 1.2 0.2 1.4 19.0
1975-76 7.3 3.3 0.3 1.2 4.7 16.8 1.2 0.3 1.5 18.2
1976-77 7.3 2.7 0.3 1.2 4.3 15.8 1.2 0.2 1.4 17.2
1977-78 6.3 2.4 0.3 1.1 4.1 14.2 1.2 0.2 1.4 15.6
1978-79 6.0 2.3 0.3 1.1 3.9 13.6 1.2 0.2 1.4 15.1
1979-80 6.0 2.5 0.3 1.0 3.6 13.4 1.3 0.3 1.6 15.0
1980-81 6.3 2.6 0.3 1.0 3.7 13.9 1.4 0.2 1.6 15.5
1981-82 6.7 2.3 0.3 1.3 4.4 15.0 1.4 0.3 1.8 16.7
1982-83 6.9 1.9 0.3 1.3 4.2 14.6 1.2 0.2 1.4 16.0
1983-84 6.6 1.8 0.3 1.8 3.9 14.3 1.0 0.3 1.3 15.6
1984-85 6.5 2.1 0.3 1.7 4.0 14.6 1.0 0.3 1.2 15.8
1985-86 6.8 1.9 0.2 1.8 4.0 14.7 0.8 0.3 1.1 15.8
1986-87 7.4 1.9 0.3 1.9 4.1 15.6 0.8 0.4 1.2 16.8
1987-88 8.1 1.9 0.2 1.9 4.1 16.2 0.8 0.4 1.2 17.5
1988-89 7.5 1.9 0.3 1.8 4.2 15.8 0.9 0.3 1.2 17.0
1989-90 7.9 2.0 0.2 1.6 4.3 16.0 0.9 0.4 1.3 17.3
1990-91 8.5 1.7 0.2 1.9 3.8 16.1 1.0 0.4 1.4 17.6
1991-92 8.9 1.4 0.2 2.2 3.7 16.4 1.0 0.4 1.4 17.8
1992-93 8.3 1.0 0.2 2.5 3.7 15.8 1.0 0.4 1.4 17.2
1993-94 7.1 1.3 0.2 2.5 3.7 14.8 0.8 0.3 1.2 15.9
1994-95 7.3 1.5 0.2 2.5 3.5 15.0 0.7 0.3 1.0 16.0
1995-96 7.4 2.0 0.3 2.3 3.3 15.2 0.6 0.3 0.9 16.1
1996-97 7.6 2.0 0.3 2.4 3.5 15.8 0.5 0.6 1.1 16.8
1997-98 8.1 2.5 0.3 2.1 3.5 16.6 0.5 0.3 0.8 17.4
1998-99 7.9 2.4 0.3 2.1 3.4 16.2 0.5 0.3 0.9 17.0
1999-00 8.1 2.4 0.4 1.9 3.4 16.1 0.5 0.3 0.8 16.9
2000-01 7.8 2.6 0.4 1.8 3.4 16.0 0.6 0.3 0.8 16.9
2001-02 7.7 2.2 0.3 1.6 3.4 15.1 0.5 0.2 0.7 15.9
Table 5 
Budgetary revenues (per cent of total)
  Tax revenues Non-tax revenues
 
Year Personal income tax Corporate income tax Other income tax Employment insurance premiums Excise taxes and duties Total tax revenues Return on investments Other Total non-tax revenues Total budgetary revenues
1961-62 31.7 20.1 3.0 4.3 34.1 93.3 4.8 2.0 6.7 100.0
1962-63 30.3 19.5 3.2 4.3 36.0 93.2 4.7 2.1 6.8 100.0
1963-64 30.5 19.4 3.0 4.2 35.6 92.7 5.2 2.2 7.3 100.0
1964-65 30.8 20.3 2.8 3.8 35.2 92.9 5.1 1.9 7.1 100.0
1965-66 29.1 19.4 3.1 3.6 36.9 92.1 4.8 3.1 7.9 100.0
1966-67 30.9 17.7 3.1 3.5 36.8 92.0 5.3 2.8 8.0 100.0
1967-68 34.0 16.9 3.0 3.2 34.6 91.7 5.7 2.6 8.3 100.0
1968-69 36.0 18.4 2.6 3.6 31.1 91.7 5.8 2.6 8.3 100.0
1969-70 38.8 19.7 2.4 3.4 27.8 92.2 6.0 1.8 7.8 100.0
1970-71 42.7 16.2 2.5 3.3 27.1 91.8 6.7 1.5 8.2 100.0
1971-72 43.5 14.4 2.5 3.4 27.9 91.8 6.8 1.4 8.2 100.0
1972-73 43.6 15.2 1.8 3.9 27.5 92.0 6.6 1.4 8.0 100.0
1973-74 41.1 16.5 1.5 4.5 28.3 92.0 6.5 1.5 8.0 100.0
1974-75 40.0 16.5 1.5 5.4 29.1 92.5 6.2 1.3 7.5 100.0
1975-76 40.1 18.2 1.6 6.4 25.7 92.0 6.6 1.4 8.0 100.0
1976-77 42.5 15.6 1.5 7.2 25.1 91.9 7.0 1.1 8.1 100.0
1977-78 40.4 15.2 1.6 7.3 26.3 91.0 7.5 1.6 9.0 100.0
1978-79 39.6 15.3 1.7 7.5 26.2 90.4 8.3 1.3 9.6 100.0
1979-80 40.0 16.5 2.1 6.6 24.3 89.5 8.7 1.8 10.5 100.0
1980-81 40.6 16.6 2.0 6.8 23.9 89.8 9.0 1.2 10.2 100.0
1981-82 39.9 13.5 1.9 7.9 26.3 89.4 8.6 2.0 10.6 100.0
1982-83 43.4 11.8 1.9 8.1 26.0 91.1 7.6 1.3 8.9 100.0
1983-84 42.0 11.4 1.6 11.3 25.3 91.6 6.6 1.8 8.4 100.0
1984-85 41.2 13.2 1.6 10.6 25.6 92.2 6.0 1.8 7.8 100.0
1985-86 42.9 12.0 1.5 11.3 25.3 93.1 4.8 2.2 6.9 100.0
1986-87 44.1 11.5 1.7 11.1 24.5 92.9 5.0 2.1 7.1 100.0
1987-88 46.2 11.1 1.4 10.7 23.5 93.0 4.9 2.2 7.0 100.0
1988-89 44.2 11.3 1.8 10.8 24.8 92.9 5.3 1.8 7.1 100.0
1989-90 45.6 11.5 1.4 9.4 24.8 92.7 5.1 2.2 7.3 100.0
1990-91 48.3 9.8 1.4 10.6 21.9 92.0 5.7 2.3 8.0 100.0
1991-92 50.2 7.7 1.3 12.6 20.6 92.4 5.3 2.3 7.6 100.0
1992-93 48.4 6.0 1.2 14.6 21.7 91.8 5.7 2.5 8.2 100.0
1993-94 44.3 8.1 1.4 15.7 23.0 92.5 5.3 2.2 7.5 100.0
1994-95 45.7 9.4 1.4 15.3 22.0 93.8 4.1 2.1 6.2 100.0
1995-96 46.2 12.2 1.6 14.2 20.4 94.7 3.4 1.9 5.3 100.0
1996-97 44.9 12.1 2.0 14.1 20.7 93.7 3.0 3.3 6.3 100.0
1997-98 46.3 14.7 1.9 12.2 20.1 95.3 2.9 1.8 4.7 100.0
1998-99 46.6 13.8 1.9 12.4 20.1 94.9 3.2 1.9 5.1 100.0
1999-00 48.0 13.9 2.1 11.1 19.8 95.0 3.2 1.8 5.0 100.0
2000-01 46.4 15.7 2.4 10.4 20.1 95.0 3.4 1.5 5.0 100.0
2001-02 48.3 13.9 1.8 10.4 21.1 95.5 3.4 1.1 4.5 100.0

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Date Modified: 2000-01-01

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