New IMPLAN Canada Sectoring Scheme
Starting in Data Year 2022, IMPLAN Canada now has 236 industries. This is due to a change in the number of industries covered by our primary raw data source, Statistics Canada’s provincial-level Input-Output Tables (IOTs).
The Statistics Canada provincial-level IOTs for 2022 were released in the new 2022 Input-Output Industry Classification (IOIC 2022). The 2022 data introduce new industry classifications, primarily to align with the new 2022 NAICS codes. There are “significant changes to the retail trade and finance sectors, aggregations of some manufacturing industries, and recoding of industries in publishing” (Statistics Canada), resulting in industry coverage for a total of 220 industries.
IMPLAN has been able to increase the industry set by: (1) incorporating new industry data from Statistics Canada and (2) developing processes to keep the previously existing industries by converting its production function to incorporate all new commodities.
All previously existing Statistics Canada industries were kept except for Non-store retailers (BS454), which no longer has a NAICS code in the 2022 NAICS scheme. This industry has been deprecated from the IMPLAN industry set because we no longer have any NAICS-based employment for that sector and its activities have been distributed across all other retail industries (except cannabis) in an unknown distribution.
The combination of industry expansions and deprecations has resulted in an updated IMPLAN industry count of 236. Data Year 2022 marks the first time in which the IMPLAN Canada industry set is not the same as the Statistics Canada sectoring scheme.
New TOPS Institution (9001)
The IMPLAN tax impact report will now have more accurate labeling for the transfer of Taxes on Products. Prior to Data Year 2022, all Taxes on Products were reported as part of transfers from Institution Code 8001- Other Taxes on Production less Subsidies.
Starting in Data Year 2022, all Taxes on Products are reported as part of transfers from Institution Code 9001- Taxes on Products on Products Net of Subsidies. This improvement more accurately labels the taxes paid by industries for engaging in production (OTXS) (e.g. these are taxes paid regardless of production and sales and include things like property taxes, government licenses, etc.) and taxes paid on intermediate input purchases and final demand purchases by industries and final consumers alike (TOPS) (e.g. these are taxes paid when a product is produced or sold and include things like Value Added taxes (VAT), sales taxes, and import duties, etc.).
Several Industries Required Special Employment Estimation for Data Year 2022
There were several industries that required the estimation of total employment data for Data Year 2022. This was due to several factors including the raw employment data from Statistics Canada being in the old (IOIC 2016) sectoring scheme as well as data suppression for the retail industries due to a premature conversion from NAICS 2017 to NAICS 2022. For these reasons, IMPLAN estimated total employment for all retail trade industries, select finance sectors, and the recoded industries in publishing.