Where do provincial governments receive the largest portion of their tax revenues
A)sales taxes and personal income taxes
B)payroll taxes and property taxes
C)payroll taxes and personal income taxes
D)property taxes and sales taxes

Question

Quizplus · Accepted Answer

Sales taxes and personal income taxes are the largest sources of tax revenue for provincial governments in Canada. Sales taxes usually consist of the Goods and Services Tax (GST) and the Provincial Sales Tax (PST), which are levied on goods and services purchased by consumers. Personal income taxes are collected on the income earned by individuals in a given year, and the rates vary depending on the amount of income earned. These two taxes make up a significant proportion of the revenue received by provincial governments, enabling them to fund public services like healthcare, education, and social welfare programs.

Where Do Provincial Governments Receive the Largest Portion of Their