In 2023, the Employees Social Security Contribution (SSC) tax revenue stood below 1.03 million USD. Forecasted values from 2024 to 2028 show a stable growth, with a gradual increase in the tax revenue from 1.03 million USD in 2024 to 1.04 million USD in 2027 and 2028. The year-on-year variation from 2026 to 2027 is approximately 0.97%, while the compounded annual growth rate (CAGR) over the five-year forecast period is marginal, reflecting stable, albeit incremental growth.
Future trends to watch for include potential changes in employment rates and wages within Canada, which could affect SSC revenues. Additionally, policy shifts or modifications in tax structures at the provincial or federal levels could impact future revenue trajectories.
