We are providing you with a table of the different fiscal allocations for our fund lineup in the Classic Series 75/75 of the IAG SRP as at October 31, 2023.
(Only non-registered contracts are taxed annually)
These fiscal allocations:
- pertain to clients who held fund units between January 1, 2023, and October 31, 2023
- vary based on the period during which each client held fund units during this period
- show preliminary and estimated values and do not include an estimate of distributions in the underlying mutual funds, which will be completed before the end of 2023
- are a good indicator for the funds offered in other series or products
Values as at December 31, 2023, will be provided to you in early 2024.
There are two sources of income and capital gains/losses to consider:
- Segregated funds must allocate all income and capital gains/losses to its unitholders each year, on a time-weighted basis.
- Taxable capital gains usually stem from portfolio managers’ active strategies, with the goal of providing the best possible total return to fund holders. This source of income and capital gains/losses is represented in the above table, “Allocations Table as at October 31, 2023”.
- When an investor/unitholder redeems units, a capital gain or loss results.
The allocations realized for tax purposes increase the Adjusted Cost Base (ACB) of the unitholder, thus avoiding double taxation. The number of units remains the same and the ACB is calculated by iA Financial Group.
Capital gains resulting from transactions made by fund managers AND capital gains resulting from withdrawals made by the client will appear on the same tax slip (T3 [federal] and R16 [Quebec]).
Click here for more information about the tax treatment of segregated funds.
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Offer proactive advice:
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Refer to the Advisor Centre to see the adjusted cost base.
You can also refer to your sales teams for more information.
