Bay Street News

Implications of the 2016 federal budget on corporate class funds effective October 1, 2016

LÉVIS, QC, April 4, 2016 /CNW Telbec/ – In the federal budget tabled on March 22, 2016, Canada’s Minister of Finance announced the decision to eliminate one of the tax benefits of corporate class funds.

As of October 1, 2016, investors with shares in a mutual fund corporation (or…