How much does the tariff tax bring in?

Import duties brought in $6.3 billion in 2024-25. That was about 1.2% of federal revenue. The spring 2026 forecast for 2025-26 was $10.1 billion.

Customs import duties collected by Ottawa

Time covered: Mar 2025 — Mar 2026

010.5
  1. 2024-25 (audited)6.3
  2. 2025-26 (forecast)10.1

Canadian dollars, billions

Two bars show import duties in billions of dollars. The first is the checked 2024-25 fiscal year. The second is the 2025-26 forecast during the tariff war.

Checked:

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Customs import duties collected by Ottawa · Canadian dollars, billions
TimePlaceCustoms import duties
Mar 20252024-25 (audited)6.264
Mar 20262025-26 (forecast)10.1
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Why this matters

A border tax can raise costs for buyers and firms here. We want it gone. The revenue is real, so a plan for zero tariffs must say how the budget will change.

What we want to change

End tariffs for every country. Cover the small loss of revenue with open books, not with new taxes on buyers.

Back a plan for change

Sources

  1. Department of Finance Canada · Annual Financial Report 2024-25, Table 4: customs import duties, $ millions ↗
  2. Department of Finance Canada · Spring Economic Update 2026: customs import duties forecast for 2025-26 ↗

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How much does the tariff tax bring in?

Import duties brought in $6.3 billion in 2024-25. That was about 1.2% of federal revenue. The spring 2026 forecast for 2025-26 was $10.1 billion.

Keep the source, date and notes with the image.

Checked:

What this does not show: The 2025-26 bar is a forecast, not a final count. Revenue is not a household bill or a measure of lost output. Do not add it to the full cost to buyers: that can count the same money twice.

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Sources and notes