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A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
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The Canadian Research Data Centre Network (CRDCN) is a network of quantitative social sciences which includes 27 facilities across Canada that provide "access to a vast array of social, economic, and health data, primarily gathered" by Statistics Canada and disseminate "research findings to the policy community and the Canadian public." [19]
The economy of Canada is a highly developed mixed economy, [33] [34] [35] the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion. [37]
The provinces and territories are sometimes grouped into regions, listed here from west to east by province, followed by the three territories.Seats in the Senate are equally divided among four regions: the West, Ontario, Quebec, and the Maritimes, with special status for Newfoundland and Labrador as well as for the three territories of Northern Canada ('the North').
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KPMG calculated the Canadian corporate tax by adding the federal and provincial tax components. The federal component is 15%. Each of the ten provinces and three territories have 2 different tax rates, one which is lower for small businesses which ranges from 0 to 4.5%, and higher for all other corporations, which ranges from 11.5 to 16%. [33]