2016 Federal Budget – Corporate Class Funds

Call us at 514-954-9031
Call us at 514-954-9031

2016 Federal Budget

If you hold a corporate class mutual fund, or plan to purchase one, we want to make sure you’re aware of an upcoming change that could affect you. The 2016 federal budget includes a change to all corporate class funds that eliminates the ability to switch between different classes of shares within a mutual fund corporation without triggering a capital gain or loss, effective October 1, 2016.

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Author: will

30+ year tax professional preparing individual tax returns for Canadians and non-residents of Canada.

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