Scotia Corporate Class Funds

A mutual fund is required to pass on any net income it generates to investors.  This income is subject to tax, which can take a bite out of your savings – especially if it’s  in the form of higher-taxed interest and foreign income. When Scotia Corporate Class Funds distribute income to investors, they are structured to pass on capital gains dividends and ordinary Canadian dividends, two more tax-advantaged forms of income. They also seek to reduce taxable distributions and minimize taxes by pooling expenses and capital losses with other Scotia Corporate Class Funds.

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