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That's right!
At the 1968 Academy Awards, Katharine Hepburn (The Lion in Winter) and Barbra Streisand (Funny Girl) tied in the voting for Best Actress. Both performers recieved the award. Other ties in Academy Awards history include Best Actor 1935 (Fredric March & Wallace Beery), Best Documentary 1949 (A Chance to Live & So Much for So Little), Best Documentary 1986 (Artie Shaw: Time Is All You've Got & Down and Out in America), and Best Live Action Short Film 1994 (Franz Kafka's It's a Wonderful Life & Trevor).
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