Canadian funds maneuver tax changes – for now

$5.3b in funds evolving for efficiency at Horizons ETFs, and other corporate class funds, put the Federal Budget move back in the government’s court ahead of the election

Ruth Saldanha 4 September, 2019 | 2:19AM

Running hurdles

At the end of last month, Horizons ETFs announced that it plans to reorganize 44 of its existing ETFs into corporate class structures.

The move comes five months after the Federal Government’s budget announcement targeting “unfair tax advantages” by mutual fund trusts (ETFs are a type of mutual fund trust).

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca