Select the correct statement about the taxation of investment income held outside of a registered plan in Canada.

a.Individual taxpayers receive preferential tax treatment on dividends received from taxable Canadian corporations.

b.Foreign dividends are generally taxed in the same way as dividends received from Canadian corporations.

c.Taxes on income earned and not received until maturity are due when the income is actually received.

d.The level of tax payable on Canadian dividends is the same as the level of tax payable on capital gains.