Overview of federal government budgetary revenues and expenses as set out in Budget 2025.

Estimated revenues for 2025–2026 total $507.5 billion. They comprise the following:

1. Income taxes, at $348.7 billion, which include

• • Personal income tax, at $237.9 billion,
  • Corporate income tax, at $97.1 billion,
  • Non-resident income tax, at $13.7 billion.

2. Excise taxes/duties, at $77.5 billion, which include

• • Goods and Services Tax, at $54.4 billion,
  • Other taxes/duties, at $13.2 billion,
  • Customs import duties, at $9.9 billion.

3. Other programs, at $31.8 billion.
4. EI premium revenues, at $32.2 billion.
5. Enterprise Crown corporations, at $11.3 billion.
6. Net foreign exchange, at $6 billion.

Estimated expenses for 2025–2026 total $585.9 billion and comprise the following:

1. Transfers to other governments, at $110.8 billion, which include

• • Health transfers, at $54.7 billion,
  • Equalization, at $26.2 billion,
  • Social transfers, at $17.4 billion,
  • Child care, at $7.9 billion,
  • Territorial Formula Financing, at $5.5 billion,
  • Community building, at $2.5 billion,
  • Health agreements, at $4.3 billion.

2. Public debt charges, at $55.6 billion.
3. Pollution pricing proceeds returned to Canadians, at $5 billion.
4. Net actuarial losses, at $5 billion.
5. Transfers to persons, at $143.7 billion, which include

• • Elderly benefits, at $83.1 billion,
  • Canada Child Benefit, at $30.1 billion,
  • EI benefits, at $30.5 billion.

6. Direct program expenses, at $265.8 billion, which include

• • Other program expenses, at $150.2 billion,
  • Other transfer payments, at $115.6 billion.

Since estimated budgetary expenses will be greater than revenues, a deficit of $78.3 billion is projected for 2025–2026.