Annual Tax Contribution

YWG is also an important generator of taxation revenues to all levels of government. Total taxes paid on an annual basis by the airport, its directly related employers, and their employees are estimated at roughly $288 million per year. The majority of taxes collected accrue to the federal and provincial governments at 70% and 27%, respectively. The municipal government also benefits from YWG, such as through the collection of property taxes amounting to nearly $8 million, as shown in Figure 6-2.

Figure 6‑2: Annual Estimated Tax Revenues of YWG, 2019

Note: Taxation impacts are based on 2019 tax rates.