Canada To Tax Mutual Fund Distributions Retrospectively

The Canadian Ministry of Finance, which in December last year published proposals to extend withholding tax to certain capital gains and returns of capital made by Canadian mutual funds to non resident investors, says the change will take effect retrospectively

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The Canadian Ministry of Finance, which in December last year published proposals to extend withholding tax to certain capital gains and returns of capital made by Canadian mutual funds to non-resident investors, says the change will take effect retrospectively once the measures are passed into law later this year.

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