IFIC is a resource for tax officials seeking to better understand the impact of specific tax proposals on the funds industry and investors.
IFIC believes that tax policy should not provide one financial product with an advantage over another. For example, mutual funds carry a higher level of GST/HST than other financial products. And because the tax is passed on to the investor it is a tax on savings – one that we are working to have reduced.
Information to increase your understanding of the CRS and FATCA(December 21, 2017)
(August 5, 2016)
(May 13, 2016)
(February 19, 2016)
(February 12, 2016)
IFIC comments on Passive Foreign Investment Corporations rules and territorial taxation(April 15, 2015)
Relief for Mutual Fund Trusts Residing in Ontario(December 11, 2014)
(October 31, 2014)
submission re: 2015 federal budget(August 6, 2014)