This survey collected data from 87 of Canada’s largest businesses, representing a range of industry sectors for fiscal year 2015. Results show that the 87 participating Business Council of Canada members are significant taxpayers, responsible for $63.8 billion to Canadian public finances, 14% of all federal corporate tax revenue.
Beyond tax, the survey collects data about total employment numbers, compensation and the cost of tax compliance. Tax compliance costs remain a burden to businesses. The survey identified 68 types of taxes and other payments contributed to the three levels of government.
The 87 firms that took part in this survey contributed $63.8 billion to public finances, comprising $24.6 billion in taxes borne, $33.1 billion in taxes collected and another $6.1 billion in other payments to governments.
Total Tax Contribution United Kingdom
Peter van Dijk
PwC National Tax Policy Leader - Canada
Tel: +1 416 687 8204