The most important source of revenue for the Canadian federal government is ________ taxes; the most important source of revenue for Canadian municipal governments is ________ taxes.
A)income; excise
B)property; payroll
C)corporate; sales
D)sales; property
E)income; property

Question

Quizplus · Accepted Answer

Income tax is the most significant source of revenue for the Canadian federal government, accounting for over 47% of its total revenue. On the other hand, property tax is the most important source of revenue for Canadian municipal governments as they are responsible for providing local services such as policing, fire protection, waste collection, and maintenance of roads and parks.

The Most Important Source of Revenue for the Canadian Federal