Ottawa may take in almost $20 billion more than expected this year

Extra revenue if the pace holds

19.8 $ billion

If the pace holds, federal revenue reaches $549.4 billion this year, or $19.8 billion more than the spring forecast.

Economists point to higher income tax payments, a small jump in inflation and strong resource markets, oil in particular.

Expected growth

3.5%

Growth so far

7.4%

Revenue growth was expected at 3.5 per cent, but is running at 7.4 per cent so far.

Nov

Thursday

Ottawa

The Carney government unveils its budget on Nov 5, and economists warn the extra revenue may not last.

Canada · 8 d ago

Ottawa may take in almost $20 billion more than expected this year

If the pace holds, federal revenue reaches $549.4 billion this year, or $19.8 billion more than the spring forecast.

Economists point to higher income tax payments, a small jump in inflation and strong resource markets, oil in particular.

Revenue growth was expected at 3.5 per cent, but is running at 7.4 per cent so far.

The Carney government unveils its budget on Nov 5, and economists warn the extra revenue may not last.

Also read