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The Canadian government imposes a withholding tax of 1 5 percent on a dividend paid by a Canadian corporation to a U . S .

The Canadian government imposes a withholding tax of 15 percent on a dividend paid by a Canadian corporation to a U.S. individual. The withholding tax will be creditable on the individual's U.S. tax return as an "in lieu of" tax.
True or False?

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