________ is/are the largest source of revenue collected by the federal government.

Question

Quizplus · Accepted Answer

Personal income taxes make up the largest source of revenue collected by the federal government, accounting for approximately 50% of total federal revenue. Corporate income taxes and profits from crown corporations are significant sources of revenue but are not as large as personal income taxes. The Goods and Services Tax (GST) and premiums on employment insurance also contribute to federal revenue but are not major sources compared to personal income taxes.

________ Is/are the Largest Source of Revenue Collected by the Federal