Investment Income Taxation

Taxation of investment income should not be the only factor affecting investment decisions.† However, investorís should be aware of the different methods in which investment income is taxed.† A 6% return generated from a fixed income investment like a Guaranteed Investment Certificate (GIC), will net an investor a different amount than if that 6% return was generated from a dividend or capital gain, assuming it was held outside of a registered account.

Investors should not solely make investment decisions based on how income is paid.† Investors should make investment decisions based on their overall investment objectives, time horizon, level of experience and tolerance to risk.† Although tax effectiveness is important, ensuring an investment is suitable is more important.†

Investors seeking tax advice should always seek professional help.†

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