In 2012, the CIBC group of companies’ tax expense to all levels of government in Canada was $1.2 billion. This total consisted of $691 million in income tax expense, $33 million in capital taxes and $505 million in payroll taxes (employer portion), business taxes, property taxes, GST/HST and provincial sales taxes.
Taxes – 2012| $ thousands | Income taxes | Capital taxes | Other taxes |
| Federal government | $ 412,537 | $ – | $ 239,481 |
| Provincial and territorial governments | |||
| British Columbia | 32,217 | 8 | 25,854 |
| Alberta | 25,220 | 0 | 1,212 |
| Saskatchewan | 5,273 | 8,723 | 647 |
| Manitoba | 5,164 | 9,938 | 1,326 |
| Ontario | 180,048 | (805) | 201,155 |
| Quebec | 19,177 | 2,032 | 29,289 |
| New Brunswick | 2,617 | 2,948 | 1,715 |
| Nova Scotia | 4,658 | 5,200 | 3,056 |
| Prince Edward Island | 653 | 1,023 | 70 |
| Newfoundland and Labrador | 2,052 | 4,258 | 1,539 |
| Northwest Territories | 616 | 0 | 25 |
| Nunavut | 110 | 0 | 7 |
| Yukon | 305 | 0 | 29 |
| Total | $ 690,647 | $ 33,325 | $ 505,405 |
