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All Income from Government of Canada Securities Is ________ at the Federal

Question 21

Multiple Choice

All income from Government of Canada securities is ________ at the federal and provincial levels.If an investor sells a security before it matures,there may be ________.


A) non-taxable; taxes on both interest income and capital gains
B) taxable; tax on capital gains
C) taxable; taxes on both interest income and capital gains
D) taxable; tax on interest income

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