IFIC Mutual Funds Licensing Practice Exam · Question
Mr. Henderson received the following distributions from his non-registered mutual fund during the year: $300 in Canadian dividends, $100 in foreign non-business income, $200 in interest income, and $50 in capital gains. All amounts are eligible for the respective tax treatments. Which box on his T3 slip would typically show the $300 Canadian dividends?
Box 26 on a T3 slip reports eligible Canadian dividends. Box 13 reports capital gains, Box 21 reports interest income, and Box 32 reports foreign non-business i
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Question: Mr. Henderson received the following distributions from his non-registered mutual fund during the year: $300 in Canadian dividends, $100 in foreign non-business income, $200 in interest income, and $50 in capital gains. All amounts are eligible for the respective tax treatments. Which box on his T3 slip would typically show the $300 Canadian dividends?
Answer options: ✅ Box 26
- Box 13
- Box 21
- Box 32
Correct answer: Box 26
Explanation: Box 26 on a T3 slip reports eligible Canadian dividends. Box 13 reports capital gains, Box 21 reports interest income, and Box 32 reports foreign non-business income. (IFIC Chapter 6: T3 Distributions)
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