Hot Tips – Heads Up! Owners Of Mutual Fund Corporations

This spring an announcement was made, changing deferral for Mutual Fund Corporation shares, known as multi-class funds or “switch funds”. See the February 2007 article in Canadian MoneySaver archives; titled “Hot Tips on Mutual Funds”. Prepare To Pay Tax When You Sell After January 1, 2017! Deferral of capital gains is to be eliminated under S. 51; and application of S. 85, 85.1, 86 and 87 may not be available. These sections have to do with various tax-free...