Which of the Following Statements Is False

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.