| #CanadaFacts
Economy
Understand how various levels of government across Canada generate revenue and where the money goes. Explore economic levers, including taxes, trade, inflation, immigration, and employment trends, and how they impact Canadians. Dive into our Canada Facts series, where fascinating insights meet reliable data, delivering everything you need to stay informed and captivated about Canada!
Key Indicators
GDP (2023)
$2.38 trillion
Source: Statistics Canada
Median household income (2022)
$70,500
Source: Statistics Canada
Median individual income (2022)
$43,090
Source: Statistics Canada
How much money does the federal government collect?
In fiscal 2022-2023, the federal government’s revenue increased to $447.8 billion from $413.3 billion in 2021-2022. That represents approximately an 8% jump.