If you are a shareholder in a corporation and you receive dividends, they must be reported to the Canada Revenue Agency. How are these dividends taxed?
A) as business income
B) as capital gains
C) as personal income
D) as investment income

Question

Quizplus · Accepted Answer

Dividends received by shareholders are generally considered personal income and taxed at the individual's marginal tax rate. The amount of tax owed on dividends will vary depending on the investor's income level and the province they reside in.

If You Are a Shareholder in a Corporation and You