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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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