Dividend income is taxable. For dividends paid by taxable Canadian corporations, this tax is partially offset by a dividend tax credit. This tax relief is provided to recognize that the profits of the corporation have?

Question 24 options:

	not yet been taxed
	been used to cover the costs associated with the pandemic
	already been taxed once before the dividends were distributed.
	there is only a dividend tax credit for dividends paid by foreign corporations