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.
Subscribe for more conversations like this.
Links:
• Subscribe: https://www.youtube.com/@TPL_media
• Website: https://www.tplmedia.ca/
#CanadaBudget #CanadianPolitics #Economy #Finance #Budget2025 #TPL #TPLmedia #Shorts
Chapters
- (00:00:00) - Canada's 2024 Budget
- (00:01:12) - Canada's revenues, by category
- (00:03:50) - Canada's revenue to GDP ratio
- (00:05:26) - Canada's income tax bill in 2024
- (00:11:34) - Corporate Tax in Canada
- (00:14:08) - Canada's Gross Tax Revenue in 2024
- (00:16:06) - The federal government's revenue
- (00:17:34) - Canada's revenue from imports
- (00:20:10) - Employment, Insurance Premiums
- (00:20:50) - Other Revenue, Crown Corporations Income
- (00:22:00) - Other Revenues, Crown Corporation and Business Enterprises
- (00:23:47) - Canada's Crown Corporations report 2017 income
- (00:25:22) - Canada's finances, 2024 budget
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