A Canadian resident corporation decides to invest in shares of a foreign corporation. The tax rate in the foreign corporation's country of residence is lower than the Canadian tax rate. When the foreign corporation pays dividends, the overall tax on the dividends will be at ________.

Choose the correct answer.

A.

the tax rate of the foreign country plus the Canadian tax rate

B.

15%

C.

the tax rate of the foreign country

D.

the Canadian tax rate