Economic Impact of International Education in Canada – 2016 Update
Appendix 3 - Scenario Analysis: Assuming Higher Student Expenditure
In this appendix, we provide an alternate assessment of how total expenditure will change for a different scenario in which we assume that international students studying in Canada spend on average 10% more than what we have described in the base run in the main part of the report.
Under these conditions, total annual student expenditure would become $12.509 billion, an increase of 10%. Direct, combined direct and indirect, as well as total economic impacts (direct, indirect and induced) are summarized in the table below.
| Direct Impacts | Direct and Indirect Impacts | Direct, Indirect & Induced Impacts | |
|---|---|---|---|
| Annual Student Expenditure | $12.509bn | ||
| Output | $11.312bn | $16.729bn | $21.751bn |
| GDP | $7.417bn | $10.247bn | $13.197bn |
| Labour Income | $4.412bn | $6.142bn | $7.532bn |
| Jobs - FTE | 81,900 | 114,500 | 142,320 |
| Jobs (incl. f/t, p/t, temporary) | 98,865 | 134,950 | 167,930 |
| Indirect Taxes - Federal | $200.8m | 366.7m | |
| Indirect Taxes - Provincial | $533.6m | $865.8m | |
| Indirect Taxes - Municipal | $502.2m | $662.8m | |
| Indirect Taxes - Overall | $1.237bn | $1.895bn | |
| Personal Income Taxes | $1.068bn | $1.311bn |
- Date Modified:
