Year-end is just around the corner, and to support you with your clients’ tax planning, we are providing you with a table that shows the different attributions for our fund lineup in the Classic Series 75/75 of the IAG Savings and Retirement Plan as at October 30, 2020.
They pertain to clients who held fund units between January 1, 2020, and October 30, 2020, and vary based on the period during which each client held fund units during this period. Please note that only non-registered contracts are taxed annually.
These attributions are also a good indicator for the funds offered in other series or products.
The data presented in the table is preliminary and does not include an estimate of distributions in the underlying mutual funds, which will be completed before the end of 2020. The data as at December 31, 2020, will be provided to you in early 2021.
Did you know that you can assist your clients with their year-end tax planning?
- Segregated funds are the only investment funds where capital losses are allocated to unit holders.
- This is a major advantage for investors, who can claim a deduction for these losses and offset capital gains realized in the same year or in the three previous years.
- Unused capital losses can be carried forward indefinitely to offset capital gains that will be realized in the future.
Your clients can also reduce their tax bill by selling fund units with a market value lower than the price paid and use the resulting capital loss to offset any capital gains realized in recent years. A great way to offer proactive advice!
Refer to the Advisor Centre to see the adjusted cost base.
Click here for more information about the tax treatment of segregated funds.
You can also refer to your sales teams for more information.
