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The Voice of Canada’s Investment Funds Industry

Taxation

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.

Related Documents

Enhanced Financial Reporting to the CRA – for the Common Reporting Standard and Financial Account Tax Compliance Act December

Information to increase your understanding of the CRS and FATCA

(December 21, 2017)

IFIC Submission – Department of Finance – International Competitiveness (May 9, 2017)
(May 9, 2017)

IFIC Submission – Pre-Budget Consultations – 2017 Federal Budget - House of Commons Finance Committee (August 5, 2016)
(August 5, 2016)

Understanding the Common Reporting Standard (CRS) for the global automatic exchange of financial account information
(May 13, 2016)

IFIC Submission – House of Commons Standing Committee on Finance – 2016 Budget Consultation (February 19, 2016)
(February 19, 2016)

IFIC Submission - Finance Canada - Qualified Investments (February 12, 2016)
(February 12, 2016)

IFIC Submission – U.S. Senate Finance Committee – Reforming the U.S. Tax Code (April 15, 2015)

IFIC comments on Passive Foreign Investment Corporations rules and territorial taxation

(April 15, 2015)

Ontario Ministry of Finance Comfort Letter regarding the Ontario Surtax

Relief for Mutual Fund Trusts Residing in Ontario

(December 11, 2014)

IFIC Letter to Finance (A. MacLean) on Amendments to Loss Restriction Event Rules in Bill C-43 (October 31, 2014)
(October 31, 2014)

Submission to Federal Government (House of Commons Finance Committee) - Pre-budget Consultations 2014 (August 6, 2014)

submission re: 2015 federal budget

(August 6, 2014)

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