Final answer:
Option (A), It is true that all MF dealers in Canada, except in Quebec, must be members of the MFDA. Quebec has its own regulatory body, the AMF.
Step-by-step explanation:
The statement that all MF Dealers in Canada must be members of the Mutual Fund Dealers Association (MFDA), except in Quebec, is True.
In Canada, most provincial securities legislation requires that any firm engaged in the business of trading in mutual funds be a member of a self-regulatory organization (SRO). The MFDA serves as the SRO for mutual fund dealers, with the exception of Quebec, where the Autorité des marchés financiers (AMF) assumes that role.