Which of the following is not a true statement?
A)Dividends are a distribution of money, stock, or other property to stockholders.
B)Dividend income must be reported to the CCRA.
C)Dividends are taxed as capital gains.
D)Dividends are not taxed as ordinary income.
E)Generally, the payer will send you or your broker a form that states how much dividend income you have received.

Question

Quizplus · Accepted Answer

Dividends are not taxed as capital gains. They are taxed as ordinary income, but there are lower tax rates for qualified dividends.

Which of the Following Is Not a True Statement