Overview of federal government budgetary revenues and expenses as set out in Budget 2023.

Estimated revenues for 2023–2024 total $457 billion. They comprise the following:

1. Income taxes, at $313 billion, which include

• Personal income tax, at $214 billion,
• Corporate income tax, at $86 billion,
• Non-resident income tax, at $13 billion;

2. Excise taxes/duties, at $70 billion, which include

• Goods and Services Tax, at $51 billion,
• Custom imports duties, at $7 billion,
• Other taxes/duties, at $12 billion;

3. EI premium revenues, at $28 billion;
4. Pollution pricing, at $10 billion;
5. Enterprise Crown corporations, at $6 billion;
6. Other programs, at $27 billion; and
7. Net foreign exchange, at $3 billion.

Estimated expenses total $497 billion and comprise the following:

1. Transfers to other governments, at $106 billion, which include

• Health transfers, at $53 billion,
• Social transfers, at $16 billion,
• Equalization, at $24 billion,
• Territorial Formula Financing, at $5 billion,
• Child care, at $6 billion,
• Community building, at $2 billion;

2. Actuarial losses, at $6 billion;
3. Public debt charges, at $44 billion;
4. Transfers to persons, at $126 billion, which include

• EI benefits, at $24 billion,
• Elderly benefits, at $76 billion,
• Canada Child Benefit, at $26 billion; and

5. Direct program expenses, at $221 billion, which include

• Operating expenses, at $124 billion,
• Other transfer payments, at $86 billion,
• Fuel charge proceeds return, at $11 billion.