Tax on trailer fees adds insult to injury for mutual fund investors: Dale Jackson - BNN Bloomberg
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.324 · RIGHT
Ensemble
0.162 · CENTER
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Article Excerpt
The Canada Revenue Agency (CRA) ruled this week to force mutual fund dealers, advisors and fund managers to charge GST/HST on mutual fund trailing commissions starting Jan. 1, 2028.
While it’s an administrative headache for mutual fund vendors, it adds insult to injury for the overwhelming majority of Canadians who save for retirement through mutual funds in their registered retirement savings plans (RRSP), tax free savings accounts (TFSA) and non-registered investment accounts.
The insult is the tax. The injury is the hidden fee going to advisors each year that most investors probably don’t…
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