Fiscal allocations as at December 30, 2022

The Fiscal Allocations Table for our fund lineup in the IAG SRP Classic Series 75/75 as at December 30, 2022 is now available.

Allocations pertain to clients who held fund units between January 1, 2022, and December 30, 2022

They vary based on the period during which each client held fund units during this period

Only non-registered contracts are taxed annually

These allocations are also 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 30, 2022).

When an investor/unitholder redeems units, a capital gain or loss results.

The allocations realized for tax purposes increases 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.

You can also refer to your sales teams for more information.

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