Quote:
Originally Posted by DJones
Yes, I wanted a net balance of what people pay vs what they get from the feds. In Canada that naturally follows provinces.
I posted the link above showing those numbers. Numbers are a bit dated and that was during a recession in Alberta so more recent numbers would be even worse if you can find them.
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What "people" pay vs. what they get? That's a lot harder to weed out than just revenue - expenditure.
For example, Alberta leads provinces with the largest share of revenue derived from corporate and production taxes compared to household income taxes and taxes on products (sales and excise taxes) at just a hair over a third. The national average is just under 25% with provinces like BC and NB being under 10%. Does this source of revenue get counted as what "people" pay?
Similarly on what we are getting back. How should subsidies fit in? What about aforementioned infrastructure projects like TMX. most of the money got spent in BC, but the benefit is mostly for Alberta. Are we counting the additional royalty revenue that federal investment generates as something we get back?
But since you asked so nicely, these are the 2024 revenue - expenditure numbers per capita
NL - $7,011
PE - $12,364
NS - $10,961
NB - $10,143
QC - $2,962
ON - $895
MB - $7,981
SK - $5,955
AB - ($3,870)
BC – ($1,433)
Just for fun, I tried to account for what 'people' actually pay (household income taxes, sales & excise taxes & social insurance (EI & CPP) minus the net expenditure. People are welcome to audit my numbers and assumptions, I did it quickly to avoid work and might have missed some big lines
NL - $9,363
PE - $14,921
NS - $12,973
NB - $10,754
QC - $5,990
ON - $4,587
MB - $9,022
SK - $9,571
AB - $1,214
BC – ($400)
What does it mean? I don't really know. Does BC just capture corporate tax so horribly? Are Alberta corporations shouldering too much of Alberta's burden? Who knows!