Corporate Income Tax Revenues

corporate income tax revenues: OTTAWA - Canada had bigger budget deficits in July and in the April-July period than it did in the same periods last year due to a sharp drop in corporate income tax revenues, which the government said would be reversed in August, according to Reuters. Revenues from corporate income taxes plunged 73.7 percent in July, down C$1.3 billion, "reflecting timing issues which lowered July revenues but are expected to raise August revenues," the government said and By Louise Egan The federal budget deficit widened to C$1.98 billion $1.92 billion in July, compared with a shortfall of C$1.35 billion in July 2012, the Department of Finance said on Friday in a monthly report. The government ran a C$158 million surplus in the month of June. (www.immigrantscanada.com). As reported in the news.