A company can normally exempt _________ percent of dividend income received from a publicly traded Canadian company for income taxes.

Question

Quizplus · Accepted Answer

In Canada, a company can normally exempt 100 percent of dividend income received from a publicly traded Canadian company for income tax purposes. This is part of the Dividend Received Deduction (DRD) rule, which aims to prevent double taxation of income.

A Company Can Normally Exempt _________ Percent of Dividend Income