The Canada Revenue Agency (CRA) has postponed to 1 January 2019 the policy to subject certain investment management fees to taxation.
The policy could potentially tax investment management fees paid outside of certain registered plans as an “advantage” at a rate of 100%.
In a technical interpretation, the CRA said the effective date delay is to allow time to consider submissions received from the investment industry.
Read an October 2017 report prepared by the KPMG member firm in Canada
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