Djohn Django had all of the following income taxed in a foreign jurisdiction in the current year. Which type of foreign income can generate a foreign tax credit that can be carried forward and applied against Canadian income tax payable in other taxation years?
A) Employment income from a foreign employer.
B) Property income on dividends from foreign stocks.
C) Business income from a contract with a foreign entity.
D) Taxable capital gains on the sale of foreign stocks.
Correct Answer:
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