In Canada,the Dividend Tax Credit Gives Some Relief by

question 2

Multiple Choice

In Canada,the dividend tax credit gives some relief by

• A) effectively giving a lower tax rate on dividend income than on other sources of income.
• B) effectively giving a higher tax rate on dividend income than on other sources of income.
• C) effectively giving the same tax rate on dividend income as on other sources of income.
• D) effectively giving a tax rate of zero on dividend income compared to other sources of income.

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Definitions:

Specialization

In economics, it refers to the process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies and improve competitive advantage.

Self-Sufficiency

The condition of being able to satisfy all of one's needs without external assistance.

NAFTA

The North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico; effective in 1994 to eliminate most tariffs on trade between these nations.

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence in global politics, economy, and culture.