Where the money comes from
In 2025‑2026, Québec's consolidated revenue reached $160.4B. Transfers from the federal government made up 18.6% of it.
Québec consolidated revenue by source, 2025‑2026
Amounts for the fiscal year, grouped by main category. The share of each source appears on the right.
Income and property taxes · $74.1B
Consumption taxes · $29.6B
Other own-source revenue · $26.9B
Federal transfers · $29.8B
View the data
| Source | Category | Amount | Share |
|---|---|---|---|
| Personal income tax | Income and property taxes | $49.0B | 30.5% |
| Health Services Fund | Income and property taxes | $9.3B | 5.8% |
| Corporate taxes | Income and property taxes | $14.6B | 9.1% |
| School property tax | Income and property taxes | $1.2B | 0.8% |
| Québec sales tax (QST) | Consumption taxes | $25.9B | 16.2% |
| Fuel, tobacco, alcohol and other | Consumption taxes | $3.7B | 2.3% |
| Duties, permits and royalties | Other own-source revenue | $6.7B | 4.2% |
| Miscellaneous revenue | Other own-source revenue | $14.9B | 9.3% |
| Government enterprises (Hydro-Québec, Loto-Québec, SAQ…) | Other own-source revenue | $5.2B | 3.3% |
| Equalization | Federal transfers | $13.6B | 8.5% |
| Health transfers | Federal transfers | $8.4B | 5.3% |
| Post-secondary education and social programs | Federal transfers | $1.2B | 0.7% |
| Other federal programs | Federal transfers | $6.6B | 4.1% |
Source: Ministère des Finances du Québec, Public Accounts 2025-2026, vol. 1, p. 12, 14, 18, 21 (variance analysis) and p. 88, published 17 July 2026.
Equalization and health transfers are an expense for Ottawa and revenue for Québec. They are never added to federal revenue.
Federal government revenue, 2024‑2025
All of Canada, latest fiscal year with published accounts.
View the data
| Source | Amount | Share |
|---|---|---|
| Personal income tax | $234.3B | 45.9% |
| Corporate income tax | $97.0B | 19.0% |
| Non-resident income tax | $13.5B | 2.6% |
| GST | $52.5B | 10.3% |
| Other taxes and duties (energy, customs, excise) | $19.4B | 3.8% |
| Employment Insurance premiums | $31.5B | 6.2% |
| Other revenues (Crown corporations, sales, investments) | $49.2B | 9.6% |
| Proceeds from the pollution pricing framework | $13.6B | 2.7% |
Source: Department of Finance Canada, Annual Financial Report of the Government of Canada 2024-2025, table 4, Revenues, published 7 November 2025.
Revenue and spending per capita, in 2025 dollars
Consolidated revenue and expenditure divided by the population on 1 July, then converted to 2025 dollars with Québec's consumer price index.
View the data
| Fiscal year | Consolidated expenditure | Consolidated revenue | Balance | Spending per capita (constant dollars) | Revenue per capita (constant dollars) | Health per capita (constant dollars) | Education and higher education per capita (constant dollars) | Population | Price index (2002 = 100) |
|---|---|---|---|---|---|---|---|---|---|
| 2015-2016 | $96.9B | $100.1B | $3.3B | $15,299 | $15,815 | $5,949 | $3,174 | 8,175,743 | 124.7 |
| 2016-2017 | $99.2B | $103.1B | $3.9B | $15,452 | $16,067 | $6,056 | $3,267 | 8,225,036 | 125.6 |
| 2017-2018 | $105.6B | $108.4B | $2.8B | $16,159 | $16,588 | $6,176 | $3,335 | 8,292,832 | 126.9 |
| 2018-2019 | $107.1B | $114.8B | $7.7B | $15,936 | $17,078 | $6,214 | $3,388 | 8,386,951 | 129.0 |
| 2019-2020 | $115.1B | $117.0B | $1.8B | $16,591 | $16,857 | $6,404 | $3,484 | 8,483,186 | 131.7 |
| 2020-2021 | $127.1B | $122.7B | −$4.4B | $18,017 | $17,396 | $7,606 | $3,528 | 8,551,095 | 132.8 |
| 2021-2022 | $136.3B | $138.8B | $2.6B | $18,574 | $18,924 | $7,714 | $3,566 | 8,572,020 | 137.8 |
| 2022-2023 | $147.4B | $144.2B | −$3.1B | $18,621 | $18,226 | $7,498 | $3,685 | 8,667,648 | 147.0 |
| 2023-2024 | $151.5B | $145.5B | −$6.0B | $18,013 | $17,300 | $7,251 | $3,629 | 8,818,050 | 153.6 |
| 2024-2025 | $161.3B | $156.1B | −$5.2B | $18,387 | $17,797 | $7,320 | $3,961 | 8,982,312 | 157.2 |
| 2025-2026 | $165.9B | $160.4B | −$5.5B | $18,333 | $17,725 | $7,286 | $3,836 | 9,051,022 | 161.0 |
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Ministère des Finances du Québec, Public Accounts 2025-2026, vol. 1, p. 88 (consolidated statement of operations) and p. 89 (net debt), published 17 July 2026; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.