BMO has named all its corporate-class mutual funds affected by a tax change in the 2016 federal budget. (You’ll likely hear from other fund companies over the next few weeks.)
Corporate-class mutual funds won’t be as tax-advantaged as they used to be. After September 2016, when a client moves money between shares within such a fund, that will be considered a capital disposition for tax purposes.
Read: Don’t panic about corporate-class funds
BMO says its Global Tax Advantaged Funds will be affected.
That includes:
BMO Asian Growth and Income Class
BMO Short-Term Income Class
BMO Canadian Equity Class
BMO U.S. Equity Class
BMO Canadian Low Volatility ETF Class
BMO SelectClass Income Portfolio
BMO Dividend Class
BMO SelectClass Balanced Portfolio
BMO Global Dividend Class
BMO SelectClass Growth Portfolio
BMO Global Energy Class
BMO SelectClass Equity Growth Portfolio
BMO Global Equity Class
BMO Income ETF Portfolio Class
BMO Global Low Volatility ETF Class
BMO Balanced ETF Portfolio Class
BMO Greater China Class
BMO Growth ETF Portfolio Class
BMO International Value Class
BMO Equity Growth ETF Portfolio Class
The bank says it’s still assessing the impact of the budget change on corporate-class funds.
TD
TD Asset Management currently manages 21 classes of the TD Mutual Funds Corporate Class Ltd. as part of its corporate class line-up. The list of TD Corporate Class Funds is below.
TD Corporate Class Funds
Epoch Global Equity Class
TD Emerging Markets Class
Epoch U.S. Large-Cap Value Class
TD Global Equity Pool Class
TD Asian Growth Class
TD Global Low Volatility Class
TD Canadian Blue Chip Equity Class
TD Global Risk Managed Equity Class
TD Canadian Equity Class
TD International Growth Class
TD Canadian Equity Pool Class
TD Short Term Investment Class
TD Canadian Low Volatility Class
TD Tactical Monthly Income Class
TD Canadian Small-Cap Equity Class
TD Tactical Pool Class
TD Canadian Value Class
TD U.S. Mid-Cap Growth Class
TD Dividend Growth Class
TD U.S. Risk Managed Equity Class
TD Dividend Income Class
RBC
The following RBC Corporate Class Funds are impacted:
RBC Balanced Growth & Income Class
RBC U.S. Equity Value Class
RBC Canadian Dividend Class
RBC U.S. Mid-Cap Value Equity Class
RBC Canadian Equity Class
RBC U.S. Small-Cap Core Equity Class
RBC Canadian Equity Income Class
RBC $U.S. ShortTerm Income Class
RBC Canadian Mid-Cap Equity Class
RBC QUBE Low Volatility Canadian Equity Class
RBC European Equity Class
RBC QUBE Low Volatility Global Equity Class
RBC Emerging Markets Equity Class
RBC QUBE Low Volatility U.S. Equity Class
RBC Global Equity Class
PH&N Canadian Equity Value Class
RBC Global Resources Class
PH&N Monthly Income Class
RBC International Equity Class
PH&N Overseas Equity Class
RBC North American Value Class
PH&N U.S. Multi-Style All-Cap Equity Class
RBC Short Term Income Class
BlueBay Global Convertible Bond Class (Canada)
RBC U.S. Dividend Class
BlueBay $U.S. Global Convertible Bond Class (Canada)
RBC U.S. Equity Class