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Net federal tax by province for 2024: East: ON: 92,392M QC: 43,549M NS: 4,464M NB: 5,167M NL: 2,467M PE: 680M West: BC:
by cwillu 5mo ago
Net federal tax by province for 2024:
East:
ON: 92,392M
QC: 43,549M
NS: 4,464M
NB: 5,167M
NL: 2,467M
PE: 680M
West:
BC: 33,037M
AB: 29,900M
SK: 5,579M
MB: 5,745M
North:
NT: 273M
NU: 162M
YT: 254M
To call the west a “cash cow” is just a bit misleading, even if you grant the separatists British Columbia, which is frankly a laughable notion.
- tandr 5mo agoWould you be kind and recalculate this per person in each province? Thank you!
- Marsymars 5mo agoWhy? What do you think this will show? Obviously it will be higher in the west because incomes are higher, but the rates will be the same, which is the more salient point. You'll see the same thing if you look at any sub-national division with high salaries - e.g. Toronto and Vancouver have similar incomes as Alberta, so pay a similar amount per person in federal taxes. Ottawa-Gatineau is notably more of a cash cow in terms of federal taxes than Alberta, by the taxes-paid-per-person measure.
- cwillu 5mo ago5.7k for Ontario, 5.9k for Alberta.
- tandr 5mo agoThank you.
- bawolff 5mo agoHowever the numbers dont tell the whole story. A lot of alberta's wealth is tied to oil. That presents three problems. A) having too much of your economy be tied to oil generally causes dysfunction in the country. See all of the middle east. B) Solar is getting cheaper. I dont think oil is going away in the next 5 years. But 20 years? Idk C) independent Alberta would be landlocked. You think getting pipelines is hard now. Just wait until you have left the country and have no leverage.