ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Data Explanation
2
See paper and on-line appendix for sources and further details: https://www.bankofcanada.ca/wp-content/uploads/2021/08/swp2021-41.pdf
3
4
Abbreviation
MeaningDefinition
5
DATESdateYear.Quarter (00=Q1, .25=Q2 etc.)
6
T_PI
Narratively identified shock to personal income taxes
Change in federal personal income tax liabilities divided by lagged taxable personal income
7
T_CI
Narratively identified shock to corporate income taxes
Change in federal corporate income tax liabilities divided by lagged taxable corporate income
8
m_PIProxy for shocks to personal income taxesT_PI where non-zero observations have been subtracted their mean
9
m_CIProxy for shocks to corporate income taxesT_CI where non-zero observations have been subtracted their mean
10
APITRAverage personal income tax rateFederal personal income tax revenues including contributions to government social insurance divided by personal income tax base
11
ACITRAverage Corporate income tax rateFederal corporate income tax reveneues divided by coporate income tax base
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100