Which of the Following Type of Payment Is NOT Subject

question 2

Multiple Choice

Which of the following type of payment is NOT subject to Canadian withholding tax when paid to a non-resident?

• A)Dividends
• B)Interest paid to an arm's length party
• C)Pension benefits
• D)Registered retirement income fund payments

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Definitions:

Blank Endorsement

An endorsement on a financial instrument, such as a check, with only the signature of the endorser, making it payable to anyone holding the instrument.

Payee's Signature

The signature of the person entitled to receive payment on a check or document, signifying approval or receipt of money.

Communicating Income

The process of sharing or reporting financial earnings, typically involving individuals, businesses, or other organizations.

Financial Health

A measure of the financial stability and viability of an individual, organization, or entity, assessing aspects like liquidity, debt, and profitability.