Canada’s 2024 Revenues: Record Highs, Hidden Limits, and the Spending Problem Ahead
Canada’s finances are at a crossroads. In this episode, we dive deep into the 2024 Annual Federal Report to uncover where the government’s money truly comes from—and why revenues aren’t the problem. With the 2025 budget on the horizon, the stakes for Canada’s future couldn’t be higher.
Hosted by Paul Micucci, we break down the numbers behind taxes, corporate contributions, GST, and more to understand the health of Canada’s economy.
Key Takeaways:
• Breakdown of Canada’s $459.5B federal revenue in 2024.
• Why personal income tax surged 32% since 2019.
• The surprising growth in corporate tax contributions despite COVID business losses.
• GST’s rising share and what it means for everyday Canadians.
• Insights into Crown Corporations like Canada Post, CMHC, and the Bank of Canada.
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