Which of the following statements with respect to Part IV tax is NOT correct?
A) All dividends from subject companies will be assessed Part IV tax.
B) All dividends from portfolio investments will be assessed Part IV tax.
C) Dividends from a connected company will be assessed Part IV tax if the paying company received a dividend refund.
D) Part IV tax is assessed at a rate of 30-2/3 percent.
Correct Answer:
Verified
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