Which of the Following Statements Is True About Personal Taxes

question 1

Multiple Choice

Which of the following statements is true about personal taxes in Canada?

• A) Individual and corporate marginal tax rates are the same.
• B) Capital gains and interest income are taxed at the same rate for individuals.
• C) Dividends received from Canadian corporations are taxed differently than dividends received from US corporations.
• D) Capital losses occur when a depreciable asset is sold below its original purchase price.

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Definitions:

Public Health

The science and practice of protecting and improving the health of communities through education, policy making, and research for disease and injury prevention.

Cross-border Flow

Movements of goods, services, capital, and people across international borders.

Migrating

The act of moving from one region, place, or country to another, often for work or better living conditions.

Consultation Rights

Rights that allow employees or their representatives to be consulted on workplace matters affecting them before decisions are made.