Canada - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Canada was $100,760,000,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $117,529,000,000 in 2018 and $6,905,314,000 in 1970.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1970 $6,905,314,000
1971 $7,843,647,000
1972 $9,240,602,000
1973 $10,505,710,000
1974 $12,669,700,000
1975 $10,381,090,000
1976 $13,303,110,000
1977 $13,438,430,000
1978 $13,022,580,000
1979 $13,304,500,000
1980 $12,957,030,000
1981 $18,988,240,000
1982 $18,905,730,000
1983 $18,861,570,000
1984 $19,609,300,000
1985 $20,960,090,000
1986 $24,641,960,000
1987 $29,139,520,000
1988 $36,511,740,000
1989 $43,150,340,000
1990 $42,730,550,000
1991 $44,787,470,000
1992 $44,154,050,000
1993 $42,926,900,000
1994 $41,969,100,000
1995 $43,972,600,000
1996 $44,996,700,000
1997 $47,952,480,000
1998 $47,013,820,000
1999 $49,938,750,000
2000 $52,935,830,000
2001 $50,938,790,000
2002 $56,466,580,000
2003 $63,725,650,000
2004 $72,245,200,000
2005 $80,630,460,000
2006 $88,763,220,000
2007 $97,390,370,000
2008 $95,591,370,000
2009 $89,419,120,000
2010 $103,869,000,000
2011 $112,922,000,000
2012 $116,847,000,000
2013 $116,799,000,000
2014 $115,090,000,000
2015 $104,496,000,000
2016 $105,181,000,000
2017 $114,881,000,000
2018 $117,529,000,000
2019 $115,509,000,000
2020 $100,760,000,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Canada was 135,135,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 153,256,000,000 in 2019 and a minimum value of 7,215,363,000 in 1970.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 7,215,363,000
1971 7,920,515,000
1972 9,147,272,000
1973 10,506,760,000
1974 12,390,970,000
1975 10,559,650,000
1976 13,116,860,000
1977 14,291,770,000
1978 14,854,850,000
1979 15,584,890,000
1980 15,149,360,000
1981 22,765,000,000
1982 23,324,000,000
1983 23,245,000,000
1984 25,396,000,000
1985 28,621,000,000
1986 34,240,000,000
1987 38,639,000,000
1988 44,935,000,000
1989 51,090,000,000
1990 49,858,000,000
1991 51,313,000,000
1992 53,369,000,000
1993 55,380,000,000
1994 57,313,000,000
1995 60,348,000,000
1996 61,353,000,000
1997 66,395,000,000
1998 69,745,000,000
1999 74,194,000,000
2000 78,615,000,000
2001 78,894,000,000
2002 88,613,000,000
2003 89,286,000,000
2004 93,991,000,000
2005 97,708,000,000
2006 100,693,000,000
2007 104,607,000,000
2008 101,996,000,000
2009 102,215,000,000
2010 106,997,000,000
2011 111,709,000,000
2012 116,773,000,000
2013 120,319,000,000
2014 127,145,000,000
2015 133,628,000,000
2016 139,429,000,000
2017 149,108,000,000
2018 152,293,000,000
2019 153,256,000,000
2020 135,135,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts