Many types of income are subject to withholding tax under Part XIII of the Income Tax Act. Which of the following would NOT be subject to this withholding tax when paid to a non-resident individual? Ignore any tax treaty provisions that might be applicable.
A) A withdrawal from a RRIF by a former resident of Canada.
B) A deferred bonus from a former employer who is resident in Canada.
C) Interest on Government of Canada bonds.
D) Dividends received from a CCPC.
Correct Answer:
Verified
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