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IFIC Welcomes CRA Decision to Defer Application of Advantage Rules to Investment Management Fees
Sources News Release

http://www.sources.com/Releases/NR2909.htm

Publisher:  The Investment Funds Institute of Canada (IFIC)
Date Written:  29/09/2017
Year Published:  2017  
Resource Type:  Article

Toronto, ON - September 29, 2017 - The Investment Funds Institute of Canada (IFIC) welcomes the Canada Revenue Agency’s recent decision to defer by one year, to January 1, 2019, application of the "advantage rules" to the tax treatment

Abstract:  Toronto, ON - September 29, 2017 - The Investment Funds Institute of Canada (IFIC) welcomes the Canada Revenue Agency’s recent decision (https://taxinterpretations.com/cra/severed-letters/2017-0722391e5) to defer by one year, to January 1, 2019, application of the “advantage rules” to the tax treatment of investment management fees.

"We appreciate the CRA’s decision to postpone implementation to allow time for investors and the industry to prepare for these changes," says Paul C. Bour...
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