Agricultural and Industrial 

 Progress in Canada 



A monthly review of Agricultural and Industrial progress in Canada, 

 published by the Department of Colonization and Development of the 

 Canadian Pacific Railway at Montreal, Canada. 



VOL. 3 No. 5 



MONTREAL 



May, 1921 



Canadian Revenue and Expenditure 1920 



THE preliminary statement of revenue and 

 expenditure of the Dominion Govern- 

 ment for the fiscal year ending March 

 31st shows an increase in revenue of $70,533,522 

 and a like increase in expenditure of $16,634,610. 

 The revenue for the twelve months reached the 

 high figure of $451,366,029, compared with 

 $380,832,507 for the previous year, while a com- 

 parison of the two years' expenditure is $357,- 

 515,278 for 1920, and $340,880,668 for 1919. 



Records for the past year show a decrease in 

 both excise^tax and customs, as well as a similar 



there were accounts charged to capital on war 

 account, for railways, canals and public works 

 amounting to $48,316,807 a heavy decrease 

 over the previous year's figures of $388,213,018. 



Consolidated fund and capital expenditure 

 together show a total outlay of $405,832,085, a 

 decrease over previous year's figures of $323,- 

 261,601. Direct war payments are steadily 

 coming down, and though it may be some years 

 before they are closed, they will rapidly continue 

 to decrease. The year just closed shows revenue 

 exceeding expenditure by the sum of $45,533,944. 

 The figures are preliminary; however, and the 





REVENUE AND EXPENDITURE FISCAL YEAR 1920-1921 



Customs taxes $162.812,951 



Excise taxes 36.699.473 



Post Office 23.998.409 



Works. Railways and Canals 38,873,833 



WAR TAX REVENUB: 



Inland Revenue 76,441,812 



Business Profits Tax 37,601,511 



Income Tax 38,814,496 



Other War Tax Revenue 1,806,621 



Other Revenue Accounts 34.316.923 



Interest on Public Department . . 



Agriculture 



Pensions 



Public Works 



Post Office 



Dominion Lands and Parks 



Soldiers' Land Settlement 



Soldiers' Civil Re- Establishment . 

 Other Expenditure 



$129,118,279 



4.746,670 



35,312,736 



8,816,176 



20,348.014 



3,645,416 



1,924,978 



31,796,931 



121,806,078 



Total $451.366.029 



Total $357,515,278 



decline in income from railways, canals and 

 public works; special war taxes, however, more 

 than compensated for this decrease. Expenditure 

 on ordinary account shows the tendency to in- 

 creased outlays that at the time appropriations 

 were made marked almost every business 

 organization. 



As noted above, the increased expenditure of 

 the year just closed exceeded the previous year 

 by over $16,000,000, and as will be seen from 

 the accompanying table, the outlay on the 

 public debt alone more than accounted for it, 

 being $29,305,829. Very considerable reductions 

 are manifest in soldiers' land settlement and 

 civil re-establishment, both of which have prob- 

 ably reached their maximum ; appropriations for 

 the comingfyear^show further reductions in this 

 connection. 



Besides the consolidated fund expenditures, 



present apparent surplus may, therefore, be 

 somewhat reduced ; even if such is the case, it is 

 unlikely that expenditure will exceed revenue 

 a fact which will undoubtedly give confidence to 

 all interested in the welfare of the Dominion. 



There is no suggestion that taxation will be 

 decreased. Over $7,500,000 was paid out of the 

 treasury last year for special education, highways, 

 house building, etc., and while the latter may be 

 considered an investment to be repaid, the funds 

 required are raised by taxation or credit borrow- 

 ings; there is a constant pressure upon Parlia- 

 ment for grants and bonuses in the promotion of 

 industries and resources, calls for higher pay and 

 greater outlays, and, finally, it is impossible to 

 make a sure estimate of what the Government 

 railways are to cost from year to year. 



The record receipts represent large payments 

 by a people under nine millions in number. 



