The main source of receipts for the federal government is
A)individual income tax.
B)excise tax on gasoline and alcohol.
C)corporate income tax.
D)GST/HST revenues.

Question

Quizplus · Accepted Answer

According to the Government of Canada's Fiscal Reference Tables, the largest source of federal government revenue in 2019-2020 was individual income tax, accounting for 48.4% of total revenue. Excise taxes on gasoline and alcohol accounted for only 2.4%, corporate income tax for 13.1%, and GST/HST revenues for 12.8%.

The Main Source of Receipts for the Federal Government Is