Figure $7\mathrm{.}1$ in the course textbook shows that the principal sources of US federal government income are personal income taxes $(40\%),$ social security and other retirement taxes $(29\%),$ borrowing to cover the deficit $(17\%),$ corporate income taxes $(7\%),$ and excise, estate, and other taxes $(7\%).(10$ marks total$)$

Look up the principal sources of income for the Canadian federal government. Compare them to the US government sources and comment on any differences or unexpected similarities. Remember to cite your source$($s$).(5$ marks$)$

Has the Canadian federal government been operating with surplus or deficit budgets in recent $($last five$)$ years? $(5$ marks$)$