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T-Series Mutual Funds
“T” is for tax-efficient

Successful investing relies on many factors, including employing tax-efficient strategies. T-Series Funds are mutual funds that are designed to be tax efficient. In fact, the “T” stands for tax and implies they are tax efficient.

If you need a tax-efficient monthly income stream from your investments, without sacrificing the potential for capital gains, T-Series Funds could be for you. Designed for non-registered accounts, T-Series Funds are becoming increasingly popular. They are attractive to investors because they distribute return of capital (ROC), which is not immediately taxable.

When mutual funds make payouts in the form of interest, dividends or capital gains, they are taxed in the same year they are distributed. But the distributions from T-Series Funds are not taxed until your investment capital is depleted. In other words, not until the adjusted cost base (ACB) reaches zero – or the units are sold.

A fund that gives you control over when you incur a tax liability, allowing you to defer taxes, can be beneficial in several ways. You will benefit from higher after-tax income and the compounding effects of a larger investment. Plus, you may also be able to reduce the amount of tax you pay in the future, due to lower marginal tax rates or lower capital-gains inclusion rates.

When considering T-Series Funds, look at payout rates, as they vary. Also look for T-Series Funds that make investment sense: Poor returns will result in smaller monthly distributions. Some funds are designed so that the ROC distribution takes up all or most of the expected return, enabling you to maintain your original investment in the fund.

Finding the right investment vehicle for the right investor is part of the art of financial management. The flexibility and convenience of T-Series Funds could be ideal for you.

Important Tax Change Notification

As of January 1, 2017, Corporate Class Funds have lost some of their tax advantage. The 2016 Federal Budget told us that exchanging units of one corporate-class fund for another would no longer be tax-deferred. This change has eliminated the ability of investors to switch between funds in corporate class investments without paying capital gains tax.

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We work with you to develop a comprehensive financial plan designed to help you reach your goals. Then we help you decide on the best options for investing and building your portfolio.
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Mutual Funds
T-Series Mutual Funds may be suitable for:
  • Investors looking for flexible income options
  • Investors who are seeking tax efficient income outside of a registered portfolio
  • Investors who are looking to defer the taxable income on an unregistered portfolio
  • Seniors who want to receive income from their investments while preserving their Old Age Security (OAS)/Guaranteed Income Supplement (GIS).
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