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Manal is learning about investment income in her personal income tax course. She is however wondering which statement is true? Select one: a . Dividend
Manal is learning about investment income in her personal income tax course. She is however wondering which statement is true?
Select one:
a Dividend income from foreign corporations and interest income are taxed the same.
b Dividend income from Canadian corporations and interest income are taxed the same.
c Interest income is not reported on a T tax slip as it is the responsibility of the taxpayer to estimate this income and report it on their personal income tax return.
d Tax is due on interest income in the year it is received, not the year it is earned.
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