RBC Financial Group - Home Page Corporate Responsibility Report and Public Accountability Statement
OverviewGood BusinessContributing to CommunitiesCommitment to Causes
Message from the CEO
 

Taxes

In fiscal 2003, RBC Financial Group paid $3.1 billion in taxes worldwide. In Canada, our tax expense to all levels of government in Canada exceeded $2.6 billion. This included more than $2.1 billion in income taxes and $124 million in capital taxes, as noted below, in addition to realty and business taxes, payroll taxes (employer portion), goods and services and sales taxes.

 

 
   
Taxes in Canada
2003 fiscal year (ended October 31, 2003) (C$ thousands)
Capital taxes Income taxes
Federal government   $ 1,495,635
Provincial governments
Newfoundland and Labrador $ 1,508   $ 3,327
Prince Edward Island $ 358   $ 1,192
Nova Scotia $ 4,417   $ 17,466
New Brunswick $ 2,582   $ 8,591
Quebec $ 29,012   $ 74,312
Ontario $ 53,352   $ 335,203
Manitoba $ 4,662   $ 19,308
Saskatchewan $ 7,802   $ 17,519
Alberta $   $ 48,195
British Columbia $ 19,973   $ 78,945
Yukon, Northwest Territories and Nunavut $   $ 1,118
Provincial sub-total $ 123,666   $ 605,176
Total $ 123,666   $ 2,100,811
 
   

 

Top of Page