ANALYSIS OF THE CANADIAN FISCAL SYSTEM AND BUDGET STRUCTURE
The budget and tax system is a set of budgets of different levels, the main income source of which is tax collections. The fiscal system is important for the development of each region and the country as a whole. Improving the system is an important part of the economic development of the country and it’s subjects. In the process of modernization of the domestic system, the analysis of foreign experience is of great importance. The experience of Canada, which, like Russia, has a vast territory and similar features of the economy, as well as a significant differentiation in the socio-economic development of the subjects, will make it possible to identify promising ways of modernization. Based on this, the main goal of the scientific article is to analyze the regional fiscal system experience Canada. The article analyzes the sources of tax revenues to the Canadian budget and the features of their distribution between the federal and regional levels. The data obtained suggest that the Canadian budget system is primarily focused on increasing the welfare of the provinces. In turn, this makes it possible to ensure stable growth of both the economy of individual provinces and the economy of the country as a whole. Based on the low degree of subsidization of the Canadian provinces, as well as the low volatility of this indicator, it is possible to assert the effectiveness of the system used. The theoretical significance lies in determining the distinctive features of the Canadian fiscal system. The development of the provincial economy is paramount importance in the expenditures of the federal budget, thus most of the provinces are independent entities with a well-developed economy. The practical significance of the study is expressed in the fact that the results of this study can be applied in the modernization of the domestic system of budget equalization of subjects.