Multiple Choice
Which of the following statements with respect to dividends is NOT correct?
A) Capital dividends can be received by individuals without tax consequences.
B) All taxable dividends paid by Canadian controlled private corporations are non-eligible dividends.
C) Stock dividends are subject to the same gross up and tax credit procedures as cash dividends.
D) Dividend tax credits are based on a percentage of the gross up on dividends received.
Correct Answer:
Verified
Correct Answer:
Verified
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