Which of the Following Statements Is False

question 47

Multiple Choice

Which of the following statements is false?

• A) In Canada, shareholders typically must pay taxes on the dividends they receive.
• B) In Canada, taxes on capital gains income are deferred until the stock is sold; thus the present value of the taxes on capital gains is usually substantially less than the taxes on dividends
• C) The actual difference in tax rates on dividend income and capital gains income has changed over the years in both Canada and the United States.
• D) Historically in Canada, the taxes applied to capital gains income have been higher than taxes applied to dividend income.

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Definitions:

Jacques Chirac

A former President of France who served from 1995 to 2007, known for his domestic policies and influence in international affairs.

ETA

An acronym for "Euskadi Ta Askatasuna," a Basque nationalist and separatist organization in Spain and France, known for its campaign of bombings, assassinations, and kidnappings in pursuit of independence for the Basque Country.

Violent Separatist

An individual or group advocating for the separation from a larger political entity through the use of violence and armed conflict.

Lech Walesa

A Polish statesman, dissident, and Nobel Peace Prize laureate who co-founded and led the Solidarity movement, leading to the end of communist rule in Poland.