For anyone wanting to know about different types of mutual fund distributions and how each is taxed, TD has put together a really great brochure. Topics include: Fundamentals of distributions, Types of Distributions, Impact of Distributions, ROC Distributions, Corporate Class Funds and Other Considerations Read or download it here. If you have any questions, as…
Tag: mutual funds
Corporate class update
The 2016 Canadian federal budget proposed to change the rules relating to tax-deferred switching inside mutual fund corporations. Effective December 31, 2016, switches from one class of funds to another are no longer done on a tax-deferred basis.