Question
Dakaasin is a status Indian. A branch of a chartered bank is situated on the reserve on which Dakaasin lives and at this branch, Dakaasin
Dakaasin is a status Indian. A branch of a chartered bank is situated on the reserve on which Dakaasin lives and at this branch, Dakaasin has a chequing account and a GIC. She also owns the common shares of the bank in her investment account; shareholders of record are paid quarterly dividends. The financial institution has several hundred branches located across the counrty and its head office and primary management is located in downtown Toronto. What source of investment income received by Dakaasin would be subject to taxation?
a)neither interest income nor dividend income
b) both interest income and dividend income
c) interest income only
d) dividend income only
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