The recent Federal Budget included measures to close a favorable tax rule for investors in investment accounts or through corporations, trusts and holding companies, who have proposed rules to curb the tax advantages of “corporate class” mutual fund shares.
Corporate class funds are organized as “switch funds” that offer different types of asset exposure such as Canadian equities, global equities, and various types of bond funds and other investment categories. Each fund is set up as a separate class of shares within the same mutual fund corporation, which allows investors to take profits in one type of fund or switch for other tactical reasons without triggering a disposition for tax purposes.Read more
This proved to be a very interesting read. Do you know what each medication does? What the side effects are?
Don’t be afraid to ask questions!Read more
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