Ontario Harmonized Sales Tax and Investment Funds

This article appeared today and we are not surprised as we have been waiting to see something come out on this for a while. The referenced article below keeps referring to “mutual funds”, but it isn’t just mutual funds, it’s all investment funds including mutual funds, segregated funds, pooled funds, ETF’s, etc. This is a very real issue for the industry and every investor will be forced to pay higher fees because of this.

http://www.globefund.com/servlet/story/GFGAM.20090915.RMUTUALFUNDS15ART1929/GFStory/

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