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Deadline extended again for ETF tax proposal

Melissa Shin After a two-year break, the federal government is pressing forward with proposed changes to how mutual fund trusts allocate income and capital gains when unitholders make redemptions. The 2021 budget implementation bill tabled on April 30 contains legislation nearly identical to what was tabled in July 2019, except the new bill does not apply to tax years beginning before Dec. 16 for any exchange-traded mutual fund trusts โ€” i.e., ETFs. The Department of Finance โ€œhasnโ€™t manage...
Nigel Johnston James Carman Portfolio Management Association Of Canada Industry Regulation Taxation Committee Taxation Working Group Investment Funds Institute Of Canada
Source: advisor.ca

Deadline extended again for ETF tax proposal | Investment Executive

Melissa Shin After a two-year break, the federal government is pressing forward with proposed changes to how mutual fund trusts allocate income and capital gains when unitholders make redemptions. The 2021 budget implementation bill tabled on April 30 contains legislation nearly identical to what was tabled in July 2019, except the new bill does not apply to tax years beginning before Dec. 16 for any exchange-traded mutual fund trusts โ€” i.e., ETFs. The Department of Finance โ€œhasnโ€™t manage...
Nigel Johnston James Carman Portfolio Management Association Of Canada Industry Regulation Taxation Committee Taxation Working Group Investment Funds Institute Of Canada

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