The Fiscal Allocations Table for our fund lineup in the IAG SRP Classic Series 75/75 as at December 31, 2024 is now available.
(Only non-registered contracts are taxed annually)
These fiscal allocations:
- pertain to clients who held fund units between January 1, 2024, and December 31, 2024
- vary based on the period during which each client held fund units during this period
- are a good indicator for the funds offered in other series or products
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 December 31, 2024”.
- 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. The ACB is available in the Advisor Centre. This information is also available in your clients’ non-registered contracts summary.
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]).
Consult this document for more information about the tax treatment of segregated funds.
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