Which of the following sources of revenue does Canada rely on?

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Canada's revenue sources are diverse and include several categories. The country generates income primarily through taxation, which encompasses both individual and corporate income taxes. In terms of wealth, Canada also sees revenue from asset-related taxes, such as capital gains taxes on investments and property taxes.

Choosing the option that states both income and wealth captures the essence of Canada's revenue framework, which reflects the government's reliance on these two streams. Income taxes are a significant component of federal and provincial revenue, while the taxation of wealth, including real estate and investments, plays a crucial role in funding public services and infrastructure.

Thus, the recognition of both types of revenue is essential to understanding how Canada finances its operations and obligations to its citizens. The other options fail to encompass the full scope of revenue by omitting either the wealth component or being too narrow in focusing on income alone or combinations that do not include all relevant categories.

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