Where Canadian Tax Dollars Go 2012 – Taxes are just a fact of life sadly and we can argue them all day long. Even if you are pro tax it is very hard to give away that cash! However if your country is running pretty well then you should be happy your taxes are going towards that! As a Canadian, do you actually know where your taxes have been and will be spent? It’s good to know, no matter what side of the fence you are on.
Where Canadian Tax Dollars Go 2012
Each province in Canada has different tax needs. Some may need more tax money for public safety (bigger crime in bigger cities). Some may need to update infrastructure (Quebec’s roads are terrible!). Others could be hosting a lot of official events (probably Ottawa) just as some examples. Tax should also be spent on the people and their welfare from health to housing and making sure the streets are lit, paved and everything is orderly. Each year provincialy and federally the numbers have to legally be shared with the public and this ultimately allows us to get a window into where each and every penny in the dollar ends up.
To get an idea of where those pennies actually go it is worth looking at the Federal tax expenditure break downs. We don’t really have enough space in this post to do province by province but you should find that info easy enough on your provinces official government website. So, here is an overview from a Federal point of view for 2010 and 2011 tax expenditure.
58 cents – Transfer payments take up a large portion. These include “Payments that go directly to persons, to provincial and territorial governments, and to other organizations”.