The largest source of receipts for the Canadian federal government is
A)corporate income taxes.
B)personal income taxes.
C)capital gains taxes.
D)import duties.

Question

Quizplus · Accepted Answer

Personal income taxes make up the largest source of receipts for the Canadian federal government. As of 2021, it accounted for approximately 50% of all government revenue. This revenue is collected from individuals based on their earned income, rental income, and investment income.

The Largest Source of Receipts for the Canadian Federal Government