Federal revenue rose 9.8%. What does that tell us?
Revenue reached $132.6 billion from April to June 2026. A stronger quarter does not mean the government finished the year in surplus.
Reviewed September 7, 2026News & guides
Short explanations, useful context and a direct link to every original source.
Revenue reached $132.6 billion from April to June 2026. A stronger quarter does not mean the government finished the year in surplus.
Reviewed September 7, 2026A higher federal rate applies only to the income inside that bracket—not to your entire salary.
Reviewed September 7, 2026Gross pay is the starting point. Income tax, pension contributions and insurance premiums explain the amount reaching your account.
Reviewed September 7, 2026Pension contributions and insurance premiums have their own rates and annual limits.
Reviewed September 7, 2026GST, HST and provincial sales taxes are different systems. The product and place of supply determine the rules.
Reviewed September 7, 2026A tax return also helps the CRA check continued eligibility for benefits and credits.
Reviewed September 7, 2026Published 2026 figures form the starting point. Seasonal projections fill the remaining months.
Reviewed September 9, 2026The 2026 filing season covers 2025 income. Filing and payment deadlines are not always the same.
Reviewed September 7, 2026